The Future, page-4

All the commentariat doomsayers continue to predict IO over the short to medium term will fallback to $50's range.
The way i read the CEO's message is that GBG would need a "very prolonged increase in current forecasts" for the Karara asset to be revalued up from the current nil value. Well that tells me that the IO price would need to be up over US$80 for at least one year straight before they rethink the value of the net asset.
The spot price has been over the $80 mark for at least the last 3 months. As I've said on this forum in the past, all the high paid IO analysts have never got a prediction right....so why should it be any different this time. I predict that the spot price will be over the $100 mark in the not too distant future.

PS. I've held (and continue to hold) substantial GBG stock since 2012.