RE: What price would you sell at23 Oct 2020 20:44
This coming week, and in fact my expectation of the previous 2 weeks or so, will define this target price with Scally results. If we get good results on these prospects, then the SP could be multiples of here (not in the immediate future, but in mid-long term 6 months +). BUT in the immediate future, if we did get good hits from our current drills here, I would expect the SP to double up by the end of the year toward the MRE. When we get the MRE, and it will be a lower number than we expect (they always are as they take time to prove up later on), then we could become a valuable buy out. Sprott thinks (I believe), we'll be bought out before year end. I don't' 100% agree with this as how on earth do you put a price on the other prospects? Basically, if we hit good results in the prospects, and H keeps growing after next week's update, then I think we could be 55-75p by year end. A bidding war could push us over £1.00 if other prospects look good.