GXY 0.00% $5.28 galaxy resources limited

Lithium prices would be a great idea. I have seen it on other...

  1. 269 Posts.
    Lithium prices would be a great idea. I have seen it on other websites for different miners. I believe Cannacord has also been pretty pessimistic on the prices of lithium going forward. I this industry grows at the predicted rate there will be a deficit of lithium for quite some time. Joe Lowry seems to believe the market shortage will last until 2022-2025. That quite a lot of time. As more manufacturers push for EV and hybrids the demand will only go stronger. With several vehicles to chose from that have a reasonable price it will make much less of a difference in the price difference. They will be equally priced as well as there being quite a few subsidies available from most countries. This will allow for the price of EV to come down considerably over the next few years. The biggest one to look out for will be the Nissan Leaf and the Chevy Bolt. They both come in a round $30,000 and are able to drive 250 miles. With the increased infrastructure in charging stations it will be far easier to keep your EV charged as well as do the right thing for the environment. As solar increases the whole burning coal and NG to power electric vehicles will be a argument of the past. By early 2020 we should be seeing vehicles rolling of the assembly line that are capable of 500 miles plus range. The fact there are so many that offer EV's that are available that have a far less range as well as lower cost. BYD has vehicles that are as low as $12000. If your able to charge your vehicle at night that 100 mile range would be more than enough for 60% of daily drivers. With the maintenance being far less they are far less to operate. This is just getting started. There has been talk about batteries that would allow a vehicle to go over 1000 miles. That is way more than people would drive in a day going cross country. So not only would they be able to get charged once a week or even every couple weeks or be able to do long range driving is going to be a jot ice breaker. The cost of lithium will have very little effect on the overall EV MARKET. The lithium air battery is also known for its ability to be charged faster as well as battery life being extremely extended. Lithium vehicles are taking place at a quick rate. Oil companies have done everything they can to put as much downward pressure on any alternative energy. They can only win this fight for so long. Once oil prices start to raise again the EV will be the hands down vehicle to drive. The technology has advanced at an alarming rate over the last couple of years as well as the electric motors. Their ability to recharge the battery on slow down has increased immensely. The US has pledged $4.4 billion to increase charging stations as well as what manufacturers are adding to the charging infastrucute. Battery charging times will come down as the length you can drive goes up. With the cost of an ICE engine and a EV becoming closer by the day the winner will be the EV in the long run. Lots of analysts believe we are in a lithium bubble causing investors fear of entering and getting stuck in the bubble. The market has bubbled but there is no reason for that bubble to break anytime soon. The dead will outpace supply for quite sometime. This is going to allow Lithium miners unheard of profit margins. With Galaxy being at full potential at Mt. Cattlin they should be well over 100% profit margin. With the more than likely increase in prices they will probably be 2-300% profit margin. That's so much higher than any business out there. The possibilities are almost endless. When investors take lithium more seriously the PE will be way higher than most. Being that it's a growing industry it's going to give an even better chance of the PE to be far above normal. They have so much room left to grow we are barely scratching the surface here. It nice to have the action of a steady incline. Things not being fully complete as management has stated has not helped our case but one day soon all of the unknowns will be answered allowing to put a more actual value. It's already way undervalued and as things get going that valuation should head north of a dollar. That's 300% increase. That's by far beating the market. The heard mentality sucks but one day soon that heard mentality will be on our side. Galaxy is the only near term producer of lithium that's a JV. A JV that has a chance at one day being a lithium giant. One day lithium will be the new gasoline and displace a lot of barrels of oil. When that day comes the pay off will have been well worth the wait. It's hard to watch SP slide like it is but selling into there BS is only going to make it worse. It wouldn't take much for it to jump 20% on DFS and an updated ETA on the lithium. I have thought about selling to try and get in at a new low but it's like why bother trying to time the market. Buffet didn't get where he is by selling ever time SP dropped a bit. He just held relentlessly because he believed in the company. That's where I'm at. I believe the Galaxy is the number one lithium play out there so I just hold. In 5-10 years from now when I'm ready to retire I should be up several thousand percent. Maybe even collecting a dividend. Good luck everyone! Hang in there. This will pass. When it does it's going to be great to watch this continue to grow.
 
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