SP of $12 - $25 would be my spread for 2021 if pressed to throw a dart. Nearer that top mark later in the year. Gold will do just fine. I have held 20% in gold and it's derivatives, these days it's half and half gold/bitcoin. As with all good Aussie boys the rest is weighed to resources of all manner in anything even close to renewables. I doubt we will see inflation for a long time, normally not a tail wind for gold, but times have changed, I see higher highs us $2150 - $2300 which is not crazy high.
You want sparks keep a close eye on both copper and cobalt, ok that's my only off topic comment here to 2021.
Good luck all, with the merger of equals bedded down we will see a better SP as the year goes on.
Cheers
Phil.
Heads & Shoulders forming, page-46
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