That's what I expect to see, yes. It's not a random guess (dart thrown), it is an estimate/expectation that is based on the fact that the price has now reached circa COP for most/all producers afaik, and therefore being unsustainable for too much longer at these levels, before producers feel more heat and production drops further. I don't see much scope for producers to offset this pressure by significantly reducing their COP, so this, combined with approaching EV price parity, in consideration of mine-EV lag times, points me to expect a return to higher spod prices (and therefore more serious profits) from Mt Cat within the next year or so.
You can "lock it in Eddie" if you like.
They key part and the key point here is the reasoning behind this expectation, not the very specific timing or the very specific pricing. That's the part that dart-throwers omit, as they throw targets out there without any/much reasoning, hit a couple and then claim to be "right". Seen it all over the forums and elsewhere, all the time!
Like I've said many times before - "SDV getting going in 5/6/7 years" (or now 3/4/5 years), "doesn't matter" i.e. the specific timing doesn't matter too much to me, as the step change in earnings brings significant returns regardless of the specific time frame - and therefore I'm comfortable buying for the future, as the future, to me, is multiple assets in production and a very different scale of business. Each to their own though, I understand you just want to "milk it" by flipping st parcels. Go nuts.
No need to be upset just because I reminded you of your 60c Dec 2020 sp target, after you later claimed you had only said it was your fair price level and not sp target. The internet locked it in for you, automatically. As they say, if you're always honest, you don't need a good memory! Things change, sure, but making low-ball claims (that you later backtracked on) just because you are busy "supporting" you short position or lower entry point is pretty weak and something we are getting used to around here now....
Stick around, and we'll see how it all unfolds. No-one has a crystal ball but we should be using all available evidence to construct a jigsaw. Got any pieces..?
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