why do we have a sudden drop?, page-35

I think you should study lithium demand before making unture assumptions. Lithium is NOT on a downtrend, not at "it's lowest". Demand for Li3 is at an all time high. Try googling lithium demand. Even without EV's it's entering the mainstream in power tools. Tesla has quintupled this year. There is talk of electrical grid storage - Li3.

Having said that - lithium could boom and GXY may not benefit from it if Jiangsu doesn't start performing fast. Yes GXY is heavily in debt. Yes James Bay and SdV are not developed, does that make them worth $0.00? Is it dead? Not yet.