RE:Dundee's target SP: $3. Scotia's target SP: $3I think we can all agree that the analysts are perhaps not the most accurate indicators of the potential sp value and scepticism of these targets is entirely reasonable. They are hardly objective and are simply selling their book. Having said that, I do think they often present useful directional indicators to consider and the substance of their discussions often gives insights into the valuation, so these two (and others) suggest to me upside for NCU. I think if the copper market turns around, then enthusiasm might drive this to $3. However, I suspect we still have some time in the doldrums before a real direction is taken by NCU or its cohort of companies.