In my opinion, not very credible. Beacon is not independent analysis. IT is paid to publish these reports. Its not like Beacon independently discovered Gemini... Gemini paid them and they came up with a number. And when that particular number was first announced over a year ago, Gemini did not yet go into massive dilution while refusing to say what the volume of the dilution would be. So I would say that target price is very very stale.