short term price target: 4,5 cdn (long term 10 cdn) - why? The stock traded at a high of 4,03 cdn - at this time we...
a) had no new bonanza drill holes announced
b) no CRD system announced (gamechanger)
c) no 5,5 mio shorts (speculatiing that Equinox due to lack of money will sell some IAU - with the latest news that Equinox received 100 mio. cash otherwise this speculation is over... remember that i-80 always said that Equinox wished to have not only 25% but even more like 50% participation in i-80 !!!) - the idea of the shorts maybe made sense but now the coin flipped in the other direction...
Long term because every project plus the CRD system could be 1b market cap each... so 4b market cap is not someting unrealstic => would justify even a stock price over 10 cdn above all with gold, silver, zinc, lead at higher prices (which is not unrealistoc too).
AND: all is in NEVADA with thier on mill being build (++ factor)
My belief is that this stock will be taken over in the range 6-10 cdn - too interesting project for a major to ignore :-) size, mill, jurisdiction - every box is ticking right
GLTA