Post by
templetooth2 on Mar 30, 2021 7:31pm
Summary
From what I've pieced together from here and elsewhere, CIBC target $4 : Raymond James target $3.50 ; Scotia target $3.25 ; Taylor Dart's "fair value" US$2.23 (Cdn $2.87) based on $105 per oz in the ground, 4.6 million ounce resource including Berry.
The TD summary (Thank You, R) didn't express an actual price target but DID include the helpful advice that the Berry prelim. resource number would be forthcoming in April. I'm sure that competent mining types already have a solid "vague idea" of what Berry/Sprite adds to the equation, but I do not. I recognize that the mining business is one glacial step at a time, but if Berry is in the vicinity of 2 million oz as per Taylor's estimates, would seem to me this Feasibility Study is cooked before the ink is dry.
Anyway, I think open pit Nfld. ounces are worth more than US$105 but TD runs pretty conservative numbers, which is OK by me.