RE: 50p By Xmas?6 Aug 2022 09:19
@Beardozer. I drive an almost 5 year old Leaf. 80,000 miles on the clock. Battery functioning perfectly. When new, Nissan guaranteed the battery for 8 years, or 100,000 miles. To replace the battery (£4000): could be budgeted at £500 per year (8 years) or 4p per mile (100,000). I suspect the battery will last much longer, and as nothing else (except tyres!) wears much, I will likely get > 12 years out of it. No idea really how hard the recession will hit car sales, but all I see at work/on the road is more and more EVs. Electrification will happen (heat pumps etc), perhaps driven faster in the long run by Russia's war and the ensuing gas/fuel prices, with hopefully only a temporary blip from increased coal use (Germany). I hope recession will be over by the time PXC is gearing up for production, which should just be perfect timing for the copper price. PXCs attention to ESG is important to me and others. So I am confident that long-term there are major gains here. Don't want 50p by Xmas. £5 in 5-10 years, plus dividends, is what I think I bought into. Underwater anyways, so hold I must! Waiting patiently for news of the debt raising....fingers, toes etc all crossed. GLA.