GMP Securities, Research Reports

Resuming coverage post raise: fully funded to DFS as Muga drilling continues to impress; BUY (by GMP Securities)

September 15, 2014

We lift our P/NAV target multiple from 0.25x to 0.35x given the reduction of funding requirement and de-risking at Muga from the upcoming DFS. As such, we maintain our BUY rating, and lift our price target to A$0.94 from A$0.89...

See entire article

Share this