Year End Price TargetA very good day yesterday but what about the future.On the assumption that client A (Vale) signs a contractt with PYR by the forth quarter. Also assme that the order was for $40-80 million..This would indicate that additional orders would follow from uther Vale facilitirs and its numerous competitors would probably follow with orders to maintain comprtititive.
Stocks do not trade on current fundamentals.ror examplr,Teslais not priced on current EV production but discounts the future level of activiity.
Uncleron may be alittlebit over enthusiasticbut I belirve a contract in yhe forth quarterwould push PYR to the $10-15 range. The stock would ,reflect by year end,the very stong possibilityof numerous future orders
I am a retired former portfolio manager and currently hold 64,000 shares of PYR.