RFC Ambrian research on Oroco Resource. Estimated M&A target price $8.6 to $11.55 Cad!
M&A Potential Supports a Strong Valuation: We have tried to consider
what Oroco could be priced at in an M&A situation as we believe it has an
asset that may be attractive to a top tier copper producer. Based on previous
work, we have applied a takeover value US$193/t resource for a feasibility
stage project on a resource of at least 3-4x the historical resource calculation.
This gives a takeover target share price for Oroco of C$8.66-11.55/share.
Assuming share price represents a takeover price including a 30% premium,
we place an 18 to 24-month trading price range of C$6.66-8.88/share on
Oroco, a significant premium to the current share price.
Source: http://calichebahada.com/2021/06/09/rfc-ambrian-research-on-oroco-resource-estimated-ma-target-price-8-6-to-11-55-cad/
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