Algo-free 2026 $80 and beyond!, page-2

Difficult to predict what the SP will do today. IOP down a bit, lithium down a bit yesterday, Albebemale down a bit overnight. But the Dow is up 250 and we seem to just be momentum trading off the US at the moment. IOP still $US107, spod still above $US2,000 and the services business will continue to crank out cash come rain (well, maybe not too much rain!), hail or shine. I think we're still very much misunderstood by the market. The Mining Services division especially. If the market really understood that this is a recurring annuity-style business that isn't impacted by commodity prices it'd value that alone at $30 a share. Have a look at the FY25 profit and loss summary. With the very strong commodity prices those numbers are going to explode in the other direction in the FY26 results. If the market doesn't get it with the quarterly at the end of the month, it will be impossible to ignore when it sees the rivers of cash flowing with the full year result! $80 soon enough.