I would rather prefer that GP is hanging around the US$2,000-$1,900 (or A$2,700) range from now until perhaps April 2021, to build up the "energy" for the next upward leg. I am hoping (since I can't mandate!) that during this "slow" GP, since DCN can't take full advantage of the rise in GP, DCN SP will pick up on the better news on the exploration, MRE, new LOM, Qtrly production report, etc.....: slowly push its SP to the intrinsic value.
Again hopefully by April 2021, GP will grow a new upward leg and start pushing GP higher and along with it DCN SP since by then the hedging is almost done and any new increase in GP will "contribute" (not until Sept FY2022 Qtr) directly into DCN bottom line.
) that during this "slow" GP, since DCN can't take full advantage of the rise in GP, DCN SP will pick up on the better news on the exploration, MRE, new LOM, Qtrly production report, etc.....: slowly push its SP to the intrinsic value.
