Desert Mountain Energy Corp V.DME

Coverage Initiated by Beacon with $4 Price Target

[HeliumHigh]

Just posted on CEO board. It does not appear that report is freely available yet that I can tell though. 

Beacon just initiated coverage this morning. $4/sh target and buy. "Conclusion & Recommendation: Desert Mountain should reach an inflection point in late-June/early-July when its McCauley field reaches an optimal level of production. Recent weakness in DME’s share price presents an opportunity for investors to own a high growth helium company at less than 1.0x our F2024 estimates. We expect that this sector could trade over 5x when the market is better understood. Our $4.00 price target is based on a 3.5x EV/DACF multiple of our F2024 forecasts."

[Buyhigheatchips]

Positive! I wonder if DME will be allowed to post it in a few days?

[HeliumHigh]

Here is the report:  https://www.desertmountainenergy.com/wp-content/uploads/2023/04/DME-2022-04-06-Initiating-Coverage.pdf

[littledave55555]

Report is awesome , an once they start reporting helium sales that price target will go up from 4 dollars .. looking forward to lots of good news in may .... have a great weekend everyone 

[fredo1]

Analyst at Beacon says a THIRD plant is on order and backs it up with a 2024 Capex estimate of $41 million.