GREY:NEVDQ - Post by User
Post by
Investoraceon Feb 27, 2015 12:04pm
97 Views
Post# 23472273
Target
TargetAs I mentioned in a previous post the completion of the shaft drilling is a major milestone and still believe will should get close to $2 with this catalyst and with the feasability to come in April we will be off to the races!!! Dundee will revise there targets once the new report is out right now they are calling for a max buyout price of $5.53/share who nows maybe $8-10 will be in line!!!
Good luck to all and have a great weekend!!
ACE
“We believe that with the permitting and shaft sinking being derisked, NCU has become an M&A target,” Gallucci’s note reads. Looking at last year’s acquisition of Augusta Resource by Hudbay Minerals (TSX:HBM), the analyst suggests that Nevada Copper has an “implied takeover valuation ranging from $2.23 – $5.53/share.”
Gallucci notes in his report that the current net asset value that Dundee’s price target is based on still considers Nevada Copper’s original staged mine plan approach. He explains that the new mine plan will cut out additional capex requirements and will push production forward during the mine’s early years. Dundee is planning to provide an update when a new, integrated feasibility study is completed for the project.