I'm not doing a graph. My estimate is for 800-900k in 2025. I believe estimates are for between 1-1.2m? I see a fair amount of blue sky in those figures. Based on all evidence available to me, I can't see that happening. That's not to say it won't happen, but the stars would certainly have to align perfectly for that scenario to play out. As with most things, reality often falls short of expectations. Forecasts are often done with a rosier outlook than what actually eventuates. History in all sectors shows this, so it's not without precedence. Even the demand for lithium in 2019 hasn't lived up to expectations.
Not to mention that forecasts are more often than not done with a bias. For example, if a lithium company paid for a forecast, it certainly wouldn't be unbiased. Even if it was done by an independent body, it would still be done in mind of the company paying for the research. Therefore any perceived independence is negated.
GXY Price at posting:
$1.24 Sentiment: Buy Disclosure: Not Held
