There's other stuff as wellThe SP seems to be moving in direct relation to the price of gold, which is understandable if the increase is primarily due to FOMO.
The volume doesn't quite yet confirm that new money is coming in yet. It should happen soon assuming the train keeps rolling.
Regardless, the prices of both silver and copper are going through the roof.
I don't think that's being baked in.
I would not want to be looking in from the outside. It should be fun for us longs if investors and institutions that want in on the action start chasing NEM stock.