Whilst we wait patiently for the share price to appreciate, thought i'd sit back & remind myself why I am heavily invested in NZC...the bigger picture.
China is THE key to driving the whole EV supply chain. With this in mind consider the following :
* China Feb EV sales 34,000, up 43% v Feb 2017
* China EV market share currently 1.3%. NB Jan & Feb sales traditionally slow.
* China on track 2-2.5% EV market share by end of this year.....explosive growth
* China Gov't target 4-5% EV market share by late 2019....continued explosive growth
* China evaluating total ban on ICE will occur, possibly by 2030
* China not only wants to lock-up supply of batteries to the world.....but control selling EVs to the world.
* China locking up world-wide supply-chain for cobalt.
Over the coming months, the speculative dollars and focus will realign with quality Cobalt and/or Copper/nickel stories and NZC will shine bright.
Hang in there folks, 12 months from now our portfolios will be looking very handsome indeed.
NZC Price at posting:
36.0¢ Sentiment: Buy Disclosure: Held