RE:Additional Report NotesJoeStockIQ wrote: Once again, as with 2021, Q1 is expected to be the least productive Q of the year due to transitioning down the Gibraltar Pit from lower to higher grades. Hence, the guidance of 115M instead of LOM 130M. 2023 and beyond are expected to return to 130M LOM. Being that Q1 will be the least productive Q, it's a fortunate circumstance of having unsold product from Q4, of which probably 5M will be added to Q1 production for ultimate Q1 sales. All engineering is now completed at Florence. As many expected, H2 price protection has been completed, 90% of all 2022 production will garner a minimum of $4 US per pound. Probably more wasted money but it's hard to get upset about such a strong guarantee when funds are needed most for Florence.
I am not upset about the put. These are uncertain times. Potential conflict of western powers with Russia and China, bizarre incompetence in Washington DC and Ottowa. as well as other factors make a little insurance wise.
Talking with my son about EV's since he works in that world, there will be bumps along the way. Not enough charging stations, no standardization of charger connectors, not enough electrical grid to support the demand, 80% of electricity still being produced by fossil fuels and nuclear, droughts further endangering electrical supply, battery tech still not there yet. Cross country travel with an EV takes twice as long because of charging issues. Will need way more charging stations than gas stations.
my prediction is that EVEryone will have to get into installing charging stations. All hotels, employers, restaurants, all employers, parking garages and every house.