At this stage it seems the spot price will be leading the long term contract pricing like in the 2000 cycle with such big moves, so not too sure if it would be their right number as yet for locking in some off takes.
Plus there may not be a rush as well as no debt and can now play off the backfoot. North of $70 would be nice or a spot reference contract with a floor and ceiling.
DYOR
PDN Price at posting:
$1.03 Sentiment: Buy Disclosure: Held
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