eResearch Report - Target price $0.90
For those who have not seen it yet, it is worth looking at the Dec 06 eResearch Initiating Report on EXM. This Report is free and is at https://www.eresearch.ca/_report/EXM_121506.pdf
Target price back then was 90 cents.
There is excellent information in the report. This gives Moris $0.32 on its own. Since then the capex financing risk of JV partners is lower(Hochschild committments on Moris). So I would expect this value to be higher now. With positive news since Dec 06 I believe we have a gem here.
Cheers