Solaris Resources Inc T.SLS

Same Target (RBC)

[retiredcf]

November 14, 2022

Solaris Resources Inc.
Announces drill results from Warintza East, expanding footprint

TSX: SLS | CAD 6.15 | Outperform | Speculative Risk | Price Target CAD 20.00

Sentiment: Positive

Our view: We expect a positive reaction from Solaris shares to drill results from Warintza East which expand the footprint for the deposit with solid copper grades and intervals. The results highlight the potential for Solaris to expand the current resource with the inclusion of more material at Warintza East. Grades are slightly below the MRE (1.5Bt @ 0.52% CuEq, indicated and inferrred) but support the potential addition of material to add scale to the project. The solid grades and long intervals continue to be from surface/near-surface indicating potential for an open pit mine with low strip ratio that could be incorporated into a larger mine plan with Warintza Central. The deposit remains open with assays pending from additional drill holes (Exhibit 1) including plans for drilling from a step-out platform 400m to the southern margin of the drill grid.

[Horsesmouth2U]

In my investing life (40 some years) and these pundits have a target price of $xx dollars then the stock is usually trading at 50% of the projection within the 12 months of the projection. So with SLS target price $20 in a year we should be near $10 a share. WHY?? isn't it.  Something is holding this back. Anyone would sell the farm if they could double or in this case more than triple

[savyinvestor333]

I think you need to recheck your math and decimal points. 

[Horsesmouth2U]

Why....what is wrong with my numbers?