oriel note, page-15

Hi All,
PIR looked to be bought up in big lots today as well as usual small parcels. Very strong support. Has spiked up today so might again have some profit taking pushing down the price maybe back to $1. Very few sellers currently in the market which could see the price spike higher over the next few days. Looks like its got more to go. Question is, whats current reasonable value? Possibly $1.20 to $1.50 s/t?
The fundamentals are very good.
Cheers all