New target price21 Oct 2012 10:43
At $1,600/oz and $2000/oz the valuation climbs to US$193m (40p/share) and US$463m (96p/share) respectively.
Canaccord added that using its long term price assumption of US$1,600/oz and with a 50% stage discount applied to the project NPV, its new valuation is US$95m and 20p is the target price.