DVP is positioning itself as the pre-eminent copper/base metals company on the ASX.
A natural step in that transition could be moving from ASX 300 into ASX 200 at the March rebalance.
If that happens, buying isn’t discretionary — it becomes mechanical index flow.
Now look at the setup:
• Last week’s flush to $4.70 was absorbed fast — price reclaimed the $5 handle immediately
• If this firms around $5.40 it starts to form a new support shelf
• 52-week high $5.72 — blue sky isn’t far
• Shorts have been unwinding into strength, not pressing
• Any price-sensitive operational update (PD lithium pathway, SS funding clarity, contracts) adds fuel
• Tightening copper market supports the macro tailwind
If the stars align into the March rebalance window:
Index flow + technical hold above $5.40 + operational catalysts= a credible pathway to a $6 test.
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