Well, the bad news in the update were all related to the poor first half of FY24, which is late 2023. Conditions have inproved in 2024 and the outlook for 2025 is also positive. I would not be surprised if Macquarie lowers their target, but I also don't find it unrealistic to expect 10$ by next year, even with the current drop.
ELD General Discussion, page-501
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