rbc report
posted on
Nov 28, 2011 09:28AM
i'm reading the rbc report and they have indicated a near term target of $4.26. first of all that is almost twice the current sp so that is a huge increase. the $4.26 number tells me that their analyst took the current borden lake numbers and use a rbc formula to come up with that number. so based on that theory he/she did not have the pending assay results to use in the calculation. consider the fact that the rof chromite doesnt ever seem to get included in the calculations and the pending assays could possibly double or triple the inferred resource at borden and i get excited in the next coming months for this stock. i still don't see the pending assays being released before 2012 because assays always seem to come out later than the forum expects. we are in a period of the market discounting resource stocks. what if that changed and the resource market heated up, someone buys the rof chromite and the pending assays are great. throw in a bidding war for probe and i think that 4.26 number would rocket up. a lot of what ifs but not a stretch to say one or all of those things could happen. probe you have my attention.