possibly,
but only from the perspective that there is a lower trough base running through, 2,2.4,2.8, and what one could project to be 3.5
the question to short, is whether current announces materially, support sustained higher values, or is it just running on adrenalin.
getting the new mine on line is great, but how much of it had to be already factored into the sp?
we knew it was going to be open for business 30 days ago, the fact that they announce it changes the current value?
i recall what happened, when the first mine, announced it failed to reach nameplate capacity, like big deal, but the market trashed it.
So any little hiccup, and look out below.
i think it becomes just a trigger for shorters to run with it, and traders to jump out and get back in at a lower level.
For now,,,,has the wind in the sails pushed too hard?
its temping.
cheers
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