It is, and also a potential rain event to accumulate at the discount that which it may provide.
Who is going to step up and over pay for the options, when so many are about to become potentially available on the supply side. Some may, but learn quickly the lesson of over supply. That needs to wash through those dates, for a sense of stability and stickiness to step forward with.
A buyer leverage BET case is also valid, but it needs to be prepared to be flushed to the downside on paper in the interim.
Ann: Additional High Grade Gold and Copper - El Pilar, page-29
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