$NEM 30 year highs - 30-50% more upside

NEM has closed at its highest price since 1987. I have selected 2 fibonacci extensions and the measured move of the bull flag. The red extensions from the first impulse move post-IPO have a history have a long history of marking months long consolidations and decade long tops. For this reason I believe the next fibonacci level $114 is now the most reasonable 'long term' price target.