RE: New Broker Note. Target Price 2p - 2.7p4 Mar 2026 11:56
Target Price ‘could’ move much higher...
we believe Arkle should be valued by the market with an initial estimated £30m to £40m, implying a 2.0p to 2.7p Target Price (TP) range, which underpins our ‘Buy’ Recommendation, with around 4x plus potential upside from the current 0.55p mid-price. Positive exploration results from the 2026 uranium exploration campaigns in Namibia, a possible resource definition next year and a continuing upward trajectory in uranium prices could all move our valuation much higher