I reckon it will take 6 days to get to $2.90 down 15% based on 2.25% falls per day ie 6 x 2.25% falls = -15%
so probably get there on Friday next week, but could be wrong.
In the meantime it might be worth dwelling on whether $2.90 is far enough.
apparently UBS has a price target of $2.70!
They use a spod price of US $1,125 in '25
well what is the spod price now? $1,100
If you want to delve a bit more deeply into it you can read the article here
makes sense to me.
Spodumene Prices, page-4395
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