Wall Street Research Firm $1.23 SP TargetI checked these Guys out.This is a pretty respected Wall Street Research Firm. They provide Coverage to very impressive array of Corporations - mainly in the US. Simberi doesn't even seem to fit their profile of a company that they would condider providing coverage to. This is pretty intriguing.
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bullboards/wraplink.asp?url=khandaker.com/researchcoverage.cfm?portfolioid=1#''> https://khandaker.com/researchcoverage.cfm?portfolioid=1#
Khandaker Partners & Co, Inc. 14 Wall Street ,30th Floor New York, NY 10005 Tel: (212) 513-1207 Fax: (212) 513-1204 Email: research@khandakerpartners.com
February 23, 2007 Initiation of Coverage
Investment Summarycolor="green">
We are initiating coverage on Simberi Mining Corporation (SAU: TSX-V, S9X: BBSE) and expect the company’s market capitalization to reach
C$194.36 million,color="green"> with a corresponding target stock price of
C$1.23 color="green">over a
12 month horizon.color="green">
Financial Forecast and Analysiscolor="green">
SUMMARY We valued Simberi Mining Corporation (SAU: TSX-V; S9X: BBSE) using two methods – the Net Assets Value (NAV) approach and the Market Cap method. These yielded a per share fair value of
C$1.64color="green"> and
C$0.82,color="green"> respectively. To arrive at the price target, we used the average of the fair values obtained from the two valuation methodologies mentioned above. This resulted in a 12 month target price of C$1.23,
which is more than fourteen times the stock’s current market price of C$0.085. bullboards/wraplink.asp?url=target= _blank href='/bullboards/wraplink.asp?url=target= _blank href='/bullboards/wraplink.asp?url=target= _blank href='/bullboards/wraplink.asp?url=target= _blank href='/bullboards/wraplink.asp?url=target= _blank href='/bullboards/wraplink.asp?url=target= _blank href='/bullboards/wraplink.asp?url=target= _blank href='/bullboards/wraplink.asp?url=target= _blank href='/bullboards/wraplink.asp?url=www.simberimining.com/_resources/khandaker_research_report.pdf''''''''''> https://www.simberimining.com/_resources/khandaker_research_report.pdf