....Just have a think about the bigger picture and ask yourself whether GXY is likely to survive or not.. Surely minuscule chance of them going bust. Then think about the "experts"... remember this:
"In 1980, McKinsey & Company was commissioned by AT&T (whose Bell Labs had invented cellular telephony) to forecast cell phone penetration in the U.S. by 2000. The consultant’s prediction, 900,000 subscribers, was less than 1% of the actual figure, 109 Million. Based on this legendary mistake, AT&T decided there was not much future to these toys. A decade later, to rejoin the cellular market, AT&T had to acquire McCaw Cellular for $12.6 Billion. By 2011, the number of subscribers worldwide had surpassed 5 Billion and cellular communication had become an unprecedented technological revolution."
What about all the current projections by "experts": here's one from BHP:
"Our EV projections require sales to grow by around 25% per annum between now and 2035, lifting their share of sales from approximately 0.5% today to 13% in 20 years."
Sounds a bit like the phone example... a few people might want one some day?!?!?
Exponential growth. Simple. When the tipping point comes, look out. EVs being 13% of sales in 20 years?! Wake up BHP! Have you looked at the declining cost profiles of batteries and EVs?!?!
Even without trying to forecast the tipping point; whether it's 2, 3, 5 years; doesn't matter: in 20 years time, who will NOT want to have an EV? Ok well maybe a few; maybe 13%!!! Do the maths on the batteries required to transition the global fleet...use a 30 year horizon if you like. 40 years if you want... Dozens more mines needed! When the populace say "I want one", someone needs to get busy building them. Other need to get busy supplying the lithium. The craziness hasn't even begun.
In the meantime, it's all noise and biased "expert" nonsense - trade the noise if you can, otherwise get comfy in your seat on the train and relax.
EV Bullet train.... still maneuvering at the station. Yet to depart. Ticket price fluctuating; currently discounted. Doesn't really matter, just get onboard!
GXY seems to be taking all necessary steps to ensure they position themselves for the longer journey ahead. If they get it right, which they seem to be on track to do, then it's all good, IMO.
GLTA
Expand
