I think the market is still waiting for "proof of concept":
Waiting for AGO to hit 6MT annualised in December then demonstrate sufficient cashflow and profitability at that level for say three months therafter. Once confirmed in say April, should see a major re-rating. Once it goes, it will run hard and should test the old highs at +$4.
Ann: First Ore on Ship at Utah Point , page-7
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