A little shocked but not entirely surprised at the drop off in volume today.
This is very much pre-pre Cummins Range vibe.
Though I have nothing to back it up with, I'm not sure I see us back into 12-14c. There's just nothing moving and there's solid bulk at 15.5c downwards that is going to absorb lower movement. We're also not hitting 20c without an announcement - just too many wanting to sell. Eh.
We have the next set of Cummins Range results as early as tomorrow (though more likely next week) and a Trundle update due any random day, the timing of which we have little insight about.
Excluding any line wipes, sudden panics or unexpected stuff, we're very much in a holding pattern now and today looks like finishing around 15.5c - 17.5c, perhaps the lower end of that.
Not advice. I don't really know anything.
Ann: SIGNIFICANT NIOBIUM ASSAYS ADD NEW DIMENSION - CUMMINS RANGE, page-61
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