thanks, this is a good metric

you see we underperforme extremely

and the low of the bear in this cycle

should be between 130 k and 300 k

so even when we shoot to 200 k this year

the bear will be very mild !

and at the end of this cycle we should

be at 400k to 600k, which would be 04-2028

this is consistent with "stock to flow" metric