CAPITAL MARKETS

UBS outlines $1.2B Murchison shortfall

THE research arm of investment bank UBS Australia still believes there is value, albeit at high risk, in Murchison Metals, and has maintained its buy recommendation to investors at a 12-month target price of $A3 per share.

MiningNews.Net
UBS outlines $1.2B Murchison shortfall

However, UBS stressed its target price was based on a 35% discount to Murchison’s net present value as it was “yet to finalise estimates” following the release of the latest capital numbers. Acknowledging...

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