Some priced in but only for skirmishes in the war. E.g. -$5o B...

Some priced in but only for skirmishes in the war.
E.g.
-$5o B for Trumps tariffs. Yes.
-The potential $200 B some priced in (game of chicken).
-The whole $200B no.
- China's response to it. No.
- Rest of Asia, Europe all in and bare knuckles $500 B - Hell No.

I don't hope for any of it.

Interestingly I feel the price of CZI can allow for up to point 4.
For analysis the FSS uses as Ni eq. price of around $7.12. Ni price currently is less than that. I can't see OZL board attempting financing unless it exceeds the price in the DFS.
That's a reason for the price of CZI being what it is.

Obviously all IMVHO.