research report by ord minnett, page-2

And if the Ag price hits $40+...wow. SP Easily to $1.60 .Then more resource which is quite probable. Yep IMHO $2 is on the cards and faster than people will expect.
If physical is really running out and premiums are being paid at top levels to let contracts roll over then the price could skyrocket possibly 16c per share for every 3-4$ Ag rise.