new s/p target $10in todays globeinvestor an analyst from bmo nesbit upgraded his target price for rup to $10 from 6.50 (average is $7.64) maintaining his outperform rating. this probably gave the stock a bump today.
otherwise the market didn't seem to interested in the resource news as imho most of the money that buys into the junior miners and exp. plays is off chasing the junior uranium and energy stocks which have all been hot. it's hard to fight the trends but some of that money will be back eventually, rup has lots of tailwinds but the one major headwind for all gold stocks is that it looks like we may be into a higher interest rate environment sooner than thought to fight off inflation (if it becomes non transitory, lots on the fence now with this)
rupert investors are in the enviable position of holding a very probably take out candidate, this resource estimate finally cements that thought imho.
cheers ferret