Aka,
First leg of ABCD. AB was 2-4.72, second leg 4-6.72. Previous high was $6.59. So $6.50 looks a number.
I think $5 first will cause a bit of profit taking pause thereafer a steady clime to $6.50.
We are in violent agreement again on levels.
At that point an Updated JORC, mining lease and drilling results will all be in. Thereafter all focus will be on CDU delivering a mine, commisioning plant and first copper. (many a slip trwixt cup and lip).
Another leg possibly seen as ABCD 2-6.50, and say CD 6-10.
Hello $10.
Don't crucify me guys its just TA wizardry, smoke and mirrors.
Before the first copper, more detaled DCF (Discounted cashFlows) models will be produced on the value of mining and dividends. So that will be factored in plus additional drilling results.
Now it boils down to whether CDU really can deliver a mine and there will be plenty of opportunities for price action as they are not experienced in this (being geos and all). Hold your breathe.
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