SP Angel Research Note 6 June 202321 Jun 2023 14:59
Worth a read for a detailed analysis of the company and its prospects (Summary paragraph below for info). Potential mutibag if the company makes the 'expected' progress...
'As a result, we postulate that were Great Western to continue to develop their highly prospective assets and generate a discovery at the 750 koz AuEq mark, our peer comparison multiples would suggest a conservative market cap around the $20 m mark, a fivefold increase from current levels. This valuation would increase further to $30 m using a conservative multiple based off M&A rates in the region of upwards of $40/oz.'