RE: Zak Mir, 10p target2 Oct 2025 10:44
Would normally be pretty circumspect, but seeing how some old dogs have multibagged on so-so news in recent weeks, it could be genuinely vertical. URU seems to be at the very end of a very long process of development that is coming to a head now, so the rerate could be dramatic. Easily 50p+ on Mining Right approval, but beyond that surely much depends on the nature of the exit? It could drift if there's no news for a bit or a big raise off the back of it. But if they're in negotiations with bigger players now and a JV or buyout comes with the MR, then the question becomes what are they willing to pay? If we're talking $500m NPV for starters - with an awful lot more in ground in an era of rising metals prices - what is a fair price to take that out now? £150m?