Post by
eebler on Nov 16, 2011 9:24am
ScotiaMcleod Ups Target
SM just came out with their assessment of the resource update and as a result of the significant jump and overall quality, plus the fact it is still open basically in all directions and at depth, they've upped their target price to $17 from $14.
Due to increased tonnage and grades they now estimate the NAV per share to be around $27.61 (previously $23.33).
eebler