Who know where this will end up, but it would be prudent to establish sensible price targets all the same. If we can get two resource upgrades (Chepica and Manica) this year, Manica in build plant mode and alluvians even giving 50% of the estimate. Then we will be in the £70 to £80m market cap territory IMHO. Also in the calculations, we have to consider gold prices, with current economical climate, the gold could be bullish for the foreseeable future. Cannot see a bull run similar to the last recession, but gold anywhere between 1200 to 1350 for 2016, would be a perfect platform for XTR to achieve significant profits just from Chepica and the alluvians.
New investors are climbing into gold stocks, and this is just the beginning of the gold stock bull run.
Yeah, it is 8 months old. But xtr presentation dated 29/6/15 used an average gold price of $ 1250, so still not up to that price yet. Although granted if the gold price is much higher when manica comes on line then who knows where sp will be. But on todays sp to get to 3p would require a market cap of around 300 million.
Thanks, although i don't know if that email is legit. But on that, we did not make 2 huge acquisitions, just the one manica. Also that emails states 100oz excluding chepica which is not what the presentations say now. A market cap of around 150m would today equate to around 1.72pps, but we know there will be some form of dilution on top of that for manica. I for one would be more than happy if we can get somewhere between 1 to 1.5p in 2018.
Datafeed and UK data supplied by NBTrader and Digital Look.
While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.