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When an analyst puts a target at 85 cents, it does not mean share price will peak at 85 cents, price can overshoot to $1.70 before pulling back and settle at 85 cents.
When analyst put a target at $1, it does not mean share price will peak at $1, price can overshoot to $2 before pulling back and settle at $1.
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The Tale of two emerging gold producers:
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Omai Gold Mines - Guyana (OMG.V)
https://www.google.ca/maps/place/OMAI+GOLD+MI...FQAw%3D%3D
Mineral Resource Estimate: https://omaigoldmines.com/omai-project/overview/
OMG.V weekly
https://stockcharts.com/sc3/ui/?s=OMG.V&p...2963243620
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Spanish Mountain Gold - In the prolific Cariboo region of British Columbia (SPA.V, SPAUF.OTCQB)
https://www.google.ca/maps/search/Cedar+Creek...FQAw%3D%3D
Mineral Resource Estimate: Page 12 of NI-43-101 Technical Report
https://spanishmountaingold.com/site/assets/f...-final.pdf
SPA.V weekly
https://stockcharts.com/sc3/ui/?s=SPA.V&p...2963243620
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Comparing the Measured + Indicated resources and share outstanding between the two emerging gold producers, is Spanish Mountain Gold with potentially 7 millions ounces of proven gold reserves more inferior than Omai Gold?
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