Mak20cps plus is what I consider to be the lower limit year...

Mak

20cps plus is what I consider to be the lower limit year end

38 cps what I believe it will trade at on average before year end

53cps the immediate price it will drop to once there is a realisation that the RP price is flat to falling with a consquently very low probability of a Capital Works commencement. ie within two months

As for your 45cps estimate. This would seem a logical figure. Mine is higher due to my belief that there is still some optimism. Some (new sh) will hold on in the hope of a sp bounceback.

Once the low 40s are hit there will be a rapid decline into the 30s and a bounce up from the low twenties back into the high 30s.

I've arrived at these estimates (guessimates) from looking at past sp performance. I am asumming that the RP price is such that optimism is eventually replaced by an acceptance that commercialisation is a long way off.

Current sp is built on hype or some good news coming. I believe that the sp has not run hard enough for any substantial fantastic news. Cannot see why any logical sh would buy at 70cps unless driven by short term TA. Cannot see a reason why the sp should not revisit the 30s.