Conjecture and price targetsSantander grades lower because they are mining to where the good stuff is at.
Expectations for next month or so.
1. TC set--resulting in 3 to 6 cents lowering of AISC. Minimal if no escalators meaning price increases flow through pretty much directly to bottom line.
2. Plan for doubling of Santander. My guess is at least by 3rd qtr. 2018
3. Earnings release.
4. Stratmat/Halfmile PEA.
Wildcard is Lundin is all cashed up with TF cash. Still wouldn't surprise me to see bid for the current Trevali. If price doesn't go up quite a bit by end of 3rd qtr., I could see someone buying the consolidated entity.
2017-2019 will be the sweet spot.
Holding onto everyone of my shares until 3 which I expect to see during this time frame. The good times are coming-hold on tightly, This baby is a leveraged coiled spring that is going to explode upward at some point. Just a matter of time.
May 2018 price target (based on 2017 earnings)
| aisc .77 | | cf multiple | | |
| 2017 average zinc price | eps | 6 | 8 | 10 |
| 1.2 | 0.30 | 1.78 | 2.37 | 2.97 |
| 1.25 | 0.33 | 1.99 | 2.65 | 3.31 |
| 1.3 | 0.37 | 2.19 | 2.93 | 3.66 |
| 1.35 | 0.40 | 2.40 | 3.20 | 4.00 |
| 1.4 | 0.43 | 2.61 | 3.48 | 4.35 |
| 1.45 | 0.47 | 2.82 | 3.75 | 4.69 |
| 1.5 | 0.50 | 3.02 | 4.03 | 5.04 |
| 1.55 | 0.54 | 3.23 | 4.31 | 5.38 |
May 2019 target (based on 2018 earnings)
| aisc .77 | | cf multiple | | |
| 2018 average zinc price | 6 | 8 | 10 |
| 1.20 | 0.34 | 2.02 | 2.69 | 3.37 |
| 1.25 | 0.38 | 2.26 | 3.01 | 3.76 |
| 1.30 | 0.42 | 2.49 | 3.32 | 4.15 |
| 1.35 | 0.45 | 2.73 | 3.63 | 4.54 |
| 1.40 | 0.49 | 2.96 | 3.95 | 4.93 |
| 1.45 | 0.53 | 3.20 | 4.26 | 5.33 |
| 1.50 | 0.57 | 3.43 | 4.57 | 5.72 |
| 1.55 | 0.61 | 3.67 | 4.89 | 6.11 |
| 1.60 | 0.65 | 3.90 | 5.20 | 6.50 |
| 1.65 | 0.69 | 4.14 | 5.51 | 6.89 |
| 1.70 | 0.73 | 4.37 | 5.83 | 7.28 |
| 1.75 | 0.77 | 4.61 | 6.14 | 7.68 |
| 1.80 | 0.81 | 4.84 | 6.45 | 8.07 |
| 1.85 | 0.85 | 5.08 | 6.77 | 8.46 |
| 1.90 | 0.89 | 5.31 | 7.08 | 8.85 |
| 1.95 | 0.92 | 5.55 | 7.39 | 9.24 |
| 2.00 | 0.96 | 5.78 | 7.71 | 9.63 |