RE: DNT snail raceIf we put the combination of the Elections where we started downwards, then the 2nd round of the elections with Humala still running, keeping the pressure on, then his winning the election. At pretty much the same time we had the major markets correcting and specially the resource stocks. A perfect storm. And now investors are very jittery and hesitant until things clearly turn around.
IMO once the markets turn around DNT should have a perfect storm going the other way - markets turning, pressure on buying due to Cobriza split (aug), Peru situation will have cleared, copper expected to be strong in H2.
As you said swpb, last year we were at 50c with targets of 1.50 which we then surpassed. Now we have a 1 year target of 3 - 3.6 which I believe is attainable if we are looking to the Q1 or Q2 2012 (1 year). And if the sale of CN comes in that period, we are talking much higher.
jmho
P-Air