GXY (ASX) GXY vs PLS

Originally posted by AOF ↑

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"...?
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.
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.

Expand

From what I have been hearing is Lithium will be in oversupply in about 2-3 years, the big players could also ramp up their production to meet demand. However we still don't know the demand for batteries, it could be way more than we are estimating. Global warming has left little choice other than phasing out hydrocarbons.

Then there are some crazy things happening with electric and self driving cars. When I look around Tesla is so far ahead of the pack, it reminds me of Apple in 2007 in midst of Nokia and Blackberry. This futurist was claiming that every car sold by 2025 could be electric. I know its a crazy prediction but I kind of agree with him. I drove a Tesla model S and I can tell you no Mercedes or BMW is even close to the Tesla experience. Its insane.

My point is Lithium could be everywhere. The prediction of shortages may not eventuate. Shortage or no shortage, either way great news for Galaxy. The smartest thing I did was bought Galaxy instead of PLS when weighing both up, what tipped me over was a comment from @Thesi "Galaxy is the only Lithium producing mine in Australia"