This has got $30 by yearend written all over it.
Price on 1/Jan/23 AUD $3.25
Price 2 months later (now) $7.60 (2.34 multiplier)
Extrapolate same rate..... to end of 2023....
End April $7.60 x 2.34 = $17.78
End June $17.78 x 2.34 = $35.57
End Aug $35.57 x 2.34 = $83.23
End Oct $83.23 x 2.34 = $194.75
End Dec $194.75 x 2.34 = $455.72
LIKELY???? NO
POSSIBLE????? POSSIBLY HAHAHA
Would we be happy if it hit $35.57 by yearend? ABSO-F-ING-LUTELY!!!!!
LIKELY???? YES
POSSIBLE???? VERY
Would we be happy if it hit $17.78 by yearend? ABSO-F-ING-LUTELY!!!!!
LIKELY???? YES
POSSIBLE???? NEARLY THERE ALREADY WITH A COUPLE OF ANNOUNCEMENTS ANTICIPATED. PUT THE CHAMPERS ON ICE!
Is this ramping? NOT INTENTIONALLY?
Is it possible? YEP! Any forecast works on assumptions and extrapolations. Argue the toss, my shout if I am wrong.
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