So the PLS response was, "
"Ha ha, if Mt Cattlin ramps up to that level the mine will be exhausted in 7 years. Pilgangoora will still be operating in 50."
Well, my response to that '
PLS fanboi' would be, maybe, but, he had better ask himself this question, will Lithium, still, be "operating in 50" as the world's "new petroleum"...?
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With the global speed of battery technology improvement and scientific change constantly accelerating, I very strongly doubt it.
In fact, with the predictions I've seen about the anticipated speed of the ramp up of new Lithium mining and production in just the next 3 to 5 years, it won't be very long before there will likely be a surfeit of global Lithium production capacity and that will then trigger a consequential dramatic fall in the 'current' high market prices.
So I would be far, far happier, to be invested -now- in GXY/GMM ie, a stock that's -already- producing and -selling- Lithium into a global market that's absolutely scrambling for supply of it now, and willing to pay -very- handsomely for it, now, rather than be counting upon my still theoretical PLS chickens, to be still laying, their still theoretical golden eggs, for me, in some 50 years time.
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In other words, I'd rather be 'sure' of getting rich in the next 2 to 3 years via GXY/GMM than to be just sittin' and wishin' and hopin' and prayin' for the same outcome over there, in the 'bare dirt' fields of PLS, in that same short time-frame.
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