Ann: Material Increase in Ernest Henry Mineral Resource, page-30

It's good to see the share price bounce back, however, the 2.85 barrier is probably hard to break.
There are several reasons for this concern.
1. USD Index
We might see a bounce of DXY in the coming weeks.

2. Oil Price
I think the oil price will test around the $86 support level and then try to come back to $100 or even higher.

3.US Job Data tonight
The recent moving up has pretty much priced in the likelihood of recession across the US economy.
If the NFP stays strong, it will only accelerate the rate hike other than slow it down, as the Fed needs a higher unemployment rate to cool the inflation down.

4. The US100 Index
The chance of US100 to test MA200 and hit 14000 ( another 700pts up) are lower than it to retreat to around 12000.

If any data indicates a higher chance of the November FOMC meeting increasing the rate by.50, the NASDAQ and Gold will retreat heavily.

I might look for an entry around 2.59, other than getting into it at 2.74.