RE:With 250M Shares Issued
AlternativeView wrote: What is the upside potential for the share price?
GMP Securities assumes another 200m shs issued at C$1.00, and based on last year's resource estimate of 18.8Mt they give the following price targets:
- At a zinc price of US$1.20 per pound, GMP Securities calculates NAVPS at US$1.21 (or C$1.59).
- At a zinc price of US$1.50 per pound, GMP Securities calculates NAVPS at US$2.06 (or C$2.71).
AngryGeologist estimates that the resource has doubled, not including Zone 3, Chaucha, Valley, etc.