BernsteinI"ve been poking around looking for the Bernstein report. Nothing yet- any leads?
They are quoted in the IVN corporate presentation twice, both quotes from Feb 2015 and very strong in terms of Platreef and the DRC properties.
I'm thinking that this is the first analyst that put the pieces together and came up with a post-Kakula NPV, and also revalued Kapushi based on the comments from the Conference Call where Freidland basically called it the richest body of ore on the planet (and he is probably right).
I compare that with RBC, who basically did nothing to their model and NPV when the Kakula resource came out. That amounts to a zero incremental valuation for 40B lbs of Cu eq.