/biz/ - Business & Finance

>>54851561

Someone behind the scenes knows something is coming.
This fucker isn't cooling off at all and most importantly the climb isn't being driven by the CRB index, so it's not just some algo trading.
If it pulls same kind of a day tomorrow we know for sure something is up.

It's also possible it's simply repeating the first fractal, because it's following that climb from the bottom fairly accurately.
This fractal is from the very first climb that led to the ATH, so if this were to repeat completely and reach a new high it would look like this.
It fits pretty well into that megaphone pattern.
Though personally I don't believe it will have that kind of a long lull period as last time. It'll probably skip that year of slow climbing and just shoots to the $10-$12 range as it gets bought out, which to me sounds like a pretty reasonable buyout price.
Especially considering the valuation at 4 million tons production a year is 1.5 bil and this is expected to scale to 7-8MT in realistic terms.
On top of that there's the TPR money that's coming and who knows how much that is going to be.

>>54851593
We should be happy if this goes for $10, give or take a bit.
Even going to $15 might be a stretch, even if based on technicals the property has an absolute shitload of more value.