At a more simplistic level they say 14kt for 6 months. That's almost 30 for the year. If we go to 40 or expand quickly then we'll be ahead.
Basket price is usd 1222 as stated.
I think the note is good. I think we'll perform better and overshoot their forecast rather than struggle to meet their expectations.
The main thing to notice (that I initially missed) is it's only 6 months in 2020 as it's 30 June cut off. General comment I know many will see this already.
Patersons Research Update, page-20
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