GREY:NEVDQ - Post by User
Post by
commoditiesbullon Jun 11, 2009 3:31pm
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Post# 16063241
Target Price - $1.50
Target Price - $1.50The last two times that copper prices have been at current levels (~ $2.50) - December 2006 & September 2008, NCU traded roughly around $1.50. Since those time periods, the mine has had significant mineral discoveries increasing its value. Given copper prices today, NCU should reasonably be trading around $1.50 per share, either in association with its underlying mine asset or in a takeover scenario.
I think the stock will gain at least 100% from here - likely between now and summer's end.