Hi Cabe
I fully agree. Assuming the quarterlies are as expected (around 40 mil cash on top of the 27 we have and cost per tonne around $85 as predicted) I think the next leg up will see higher highs compared to the last leg up which topped out at 38.5c. That is assuming IO prices stay reasonably stable (say between 170 to 230). I haven't accounted for any drama's or good ann's (acquisitions or exploration success, which like you I think won't happen within that time frame).
But based on those assumptions I don't see it breaking 50c either until later in the year.
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