Great model, keep it up!
Absolutely depends on the io price which is very hard to forecast past 6 months. In my models I've estimated 200 usd till at least December 2021, and then sliding to about 150 to 100 usd till end of mine. I've run a few different models too to assess the reasonableness of that valuation.
I do get some wild numbers but even just looking to December 50 to 60c is pretty achievable assuming we stay above 200.
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