RE:Link to RBC reportThanks kha (and polobond). I actually didn't find it -too- out of line, the author clearly indicates that he's undervaluing the mine to account for risk that they are not able to deliver the grades, efficiencies, etc in their process. I certainly agree that the amount it is being devalued is not consistent with my own impression of the risk, but he also does point out that there is potential for upside even above their upside target of 50 cents, which would correspond to the process working well, generating the needed cash for an expansion, and removing some of the penalties associated because of fears that they won't be able to run the mine properly.
Nowhere in the document does he mention any of the other properties, but if Currais Novos is back on track this fall then that should certainly help deal with any cash flow concerns plus generate extra income. Also no mention of PGMs, etc here. Personally, if I wasn't already swimming in shares well beyond any financial advisors' nightmare of an unbalanced portfolio, I'd be investigating further after reading this. Even the 60% increase to the 30-cent target, which we agree is very low for Largo if/when production is ramped up at Maracas, would be a nice one-year return if I were just looking at getting aboard.