Ann: Hermosa Project Non-Cash Impairment, page-65

Thats very hard to determine....
I think if you want to know where CPI is in 6 months time you look at producer prices today.
Trade wars are class wars.
Per Capita GDP or average incomes from 1930 to 1945 with the base index went from 100 to 180 & today its 118 from 2008 to present day Globally.
So thats demand going forward, so we are way behind & declining.
Defensive funds are selling and the amount of speculative funds are slowly buying incrementally.
The invisible digital ledger from what i see from major banks in the world are selling & storing liquidity.
What has this got to do with Commodities ? A store of wealth.
I saw inflation 18 months ago and put my money into such trades.
I now see the opposite if anything stagflation and a maintenance of concurrent interest rate to help pay USD debt.
What has that got to do with S32 ??? EVERYTHING.
When mean reversion comes back, so will the appetite for Commodities.
South East Asia is the only growth corridor left along with a rising India.
Until S32 guides itself towards these markets and only these markets to accomodate the demand, i see S32 continue to be sold down.
A long winded answer i know and does my answer give you a price..."NO"...just a downwards guidance as an assumption and a reason behind my assumption.
Of course not financial advice.
All the best with your trades.