Hi @Hiddenvalue, how's things?
It'll be interesting to see how much the SP moves on news of a Resources / Reserves Update. Over the past 12 months, announcements related to Drilling / Resource / Reserves / Funding don't appear to have had a sustained positive effect on the SP. The POG is currently looking healthy at A$2485 /oz.
At this stage it seems unlikely there'll be a BIG improvement in the SP unless...
- POG returns to previous highs...or...
- Concentrates production indicates the required tonnage is being produced to fulfil delivery contracts to Polymetal / Mercuria / Trafigura...or...
- A combination of the above (i.e. POG increase + required tonnage of concentrates production).
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