GREY:EORBF - Post by User
Comment by
tcfanon Dec 13, 2012 9:35am
234 Views
Post# 20724157
RE: RE: RE: RE: RE: Big picture
RE: RE: RE: RE: RE: Big picture
Excellent analysis Alumina1. You forgot one major factor, "momentum and excitement" in the market. If this company proves successful, and I have every reason to believe they will, buyers will be scrambling to own this company. Add at least a few more bucks for this. Maybe a lot more. I can see as high as $70 by 2014 (best case scenario)
From there, we are headed to $100. lol
So, being conservative, we are getting minimum price target of 9.52+15 = $24.52 for 2013 and 15.05+15+9.52 = $39.57 for 2014. We can already consider SGA1 in 2013 target price since PEA is already very positive, and the BFS will be issued in 2013 (we can expect it will be even better than the PEA) and construction is also expected to begin by end of 2013.
Price Target
$ 25 (2013E)
$ 40 (2014E)