thesis is simple — convergence to fair value points higher. The setup offers asymmetric upside from here backs it. The obvious pushback is convergence taking longer than the horizon
this one i’d actually back. fundamentally it works: mine supply is tight and treatment charges have collapsed — that's the real path to $6.4. a firmer dollar is a direct headwind the chart ignores. ask me again in a week
tbh, re noirgremlin: narrator: it did not, a clean break and shorts cover into $6.4 quick. a firmer dollar is a headwind. mine supply is tight and treatment charges have collapsed. i reserve the right to flip