Nagh on the optimistic side.. I don't agree with assigning a set figure in this circumstance given valuations vary so markedly between the capital structure of the imminent funding requirement. Accordingly, for those that expect the capital markets to cough up 70mil and SH the remaining 70mil, once we hit 7.5c you would have to start thinking we are in over valued territory.. Upside in the short term is more debt, upside in long term is pog and exploration. With those factors in mind, somewhere between 5 and 8 is prob fair in my mind..
ATV Price at posting:
4.0¢ Sentiment: LT Buy Disclosure: Held
