If I bought shares at 10 cents (which I have been waiting for to "fix" my average) and they go to 2 bucks in 2030, I'd say that was a good outcome. I think the days of the crazy 21/22 ride up (and down again) across a hell of a lot of EV pre revenue related stocks and lithium ones are over, and maybe not repeated anytime soon (NMT, CXO, LKE, NVX, PLL, GLN, SYA just to mention a few, usual Lassonde curve but on steroids due to low interest rates and covid stimulus perhaps)
Even now ALB has a PE of 8, and SQM made 2 bill, but a MC of only 6 times that, crazy...but it is what it is in 2024.
I do think NMT can get over $2, but that depends on MB and Stelco and the plant/customer agreements in the future.
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