Please, markets have been severely underestimating demand for lithium, and assume mines will just magically come online in an ideal manner. A search about the history of lithium mining, will clear some misconceptions and shed some realities to the misinformation being spread such as oversupply.
And yes, GXYs true fair valuation according to brokers using DCF models is 3.30 conservatively. So right now we have another 70 cents to get fair pricing.
GXY Price at posting:
$2.65 Sentiment: None Disclosure: Held