6 months ago all the “reputable” analysts were quoting anywhere from $75-150/T then it went nuts and they all revised to anywhere from $150+ & some well north of $200 for an extended period well into next year. There was some good reasons behind it but very few predictions had the CCP slamming on the brakes like they have. Once Evergrande is sorted & the Olympics are over it could well be a different ball game. Especially for the grade we are looking to produce.
However I would love to see 62% back over $200/T (I wouldn’t be upset if it broke $300.... ) and stay there because it would make our project even more desirable then it already is.
IMO DYOR
6 months ago all the “reputable” analysts were quoting anywhere...
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