 Hi, this is Jack Lipton and Critical Metals Corner. Today I want to bring up something that I think has been overlooked by everyone in the electric vehicle space. And that is, since I believe there isn't going to be enough of the three key materials, the most critical critical materials, lithium, cobalt and the rare earths, there's going to be a contest rationing. I'm calling this the trifecta. Trifecta, for those of you who aren't horse race fans, means you have to pick winners at three levels. In a horse race, you have the winner. The next one holds the place and the third one shows. So it's win place and show. A trifecta is a bet that your picks will win in that order. Well, lithium, cobalt and rare earths are actually in that order, win place and show for EVs. But the problem is that there isn't enough of all of them. There certainly is not enough lithium to transform any real significant portion of the global automotive fleet before the year, God knows, 2080. There's definitely not enough cobalt and there's not enough rare earths. So what I'm saying is while we're all looking at this transformation, please start thinking that many companies are going to fall by the wayside. I'm not talking about mining companies. It's a bull market for mining producers. I'm talking about the end users, the car companies. You may think, oh, how can Toyota or General Motors or Ford or God forbid Tesla go out of business? Believe me, it's easy. The between 1900 and 1912, 508 car companies started up. Sound familiar to those of you thinking about Silicon Valley? By 20 years later, there were about 20 of them. And in 1950, there were six or seven. So this is an industry that's gone through this. Automotive was once the Silicon Valley of industry. Believe this or not, in 1956, General Motors was the largest industrial corporation in the world as Apple is today. General Motors revenues, market cap, et cetera were one fifth of America's gross national product. Think about it. Today, that gross national product is $21 trillion and Apple is 10% of that. Apple's market cap. So the banner has passed from automotive. And automotive, in my opinion, that sounds dramatic, is in a death spiral. There's only so much material to make EVs and it's going to be, the winner take all, it really is. And I'm not gonna say right now who I think won't be around by the time the EV revolution completes, but there'll be some famous names that are gone or absorbed by other companies. So be careful if you are going to invest in manufacturing. They are really now in a bad place as far as sourcing critical materials. European companies have given us a great deal more thought than American companies. Japanese companies have given a great deal more Korean and of course the Chinese are already there. They've sourced everything they need for what they plan to produce for the next decade or two. We've fallen behind and we're gonna pay the price in companies, they're going to be gone. Watch out what you invest in. Thanks, talk to you next time.