Stifel Nicolaus analyst Andrew Breichmanas maintained a Buy rating on Predictive Discovery Limited (PDI – Research Report) yesterday and set a price target of A$0.45.
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Andrew Breichmanas has given his Buy rating due to a combination of factors that highlight the potential and strategic importance of Predictive Discovery Limited. The company’s recent successful private placement has resulted in raising approximately A$69.2M, introducing strategic shareholders such as the Lundin Family and Zijin Mining. This funding will enable Predictive to advance critical aspects of the Bankan gold project, including the definitive feasibility study and other developmental activities, ensuring financial stability through to the final investment decision stage.
Moreover, the Bankan project is positioned as a promising asset that could make Predictive Discovery an attractive acquisition target for larger producers seeking to establish a tier-one mining operation. The project’s potential to attract interest from multiple suitors underscores its value and strategic significance. Breichmanas acknowledges that the receipt of the Certificate of Environmental Compliance is a critical milestone that reduces project risk, further supporting the Buy rating as Predictive moves toward full-scale development.