RE: RJ target $1.00 - Strong BuyBenVest99, Thanks for the post
It would be nice to see NML beat RJ's target of a $1 as the DSO's production gets closer. In that same link it was interesting to note RJ's target on BIM at only $0.45. A far cry from the $5 they used to trade at
"Baffinland Iron Mines (BIM-TSX) – We have made no change to our rating or
estimates for Baffinland as we are currently restricted from publishing
research following an equity offering. We maintain our OUTPERFORM rating
and C$0.45 target price. Our target price is based on a 0.15 times P/NAV
multiple (in-line with risk-adjusted, liquidity-adjusted historic multiples)"