Share Price Potential, page-11

A couple of reasons

Firstly AMAL owns the asset - the approved mining operations and the mill, while TAW is farming in.

Secondly, AMAL is the only lithium play on the SGX, so it has a captive audience and is getting a lot of good press in the Straits Times.

Thirdly, the ASX is only just waking up that TAW is not a speculative explorer, it is actually a developer with a very short pathway to production.

Given TAWs other assets beyond Bald Hill, (Cowan, Uis and to a lesser degree the iron ore) I think TAW's market cap will surpass AMAL in the medium term. (DYOR caveat of course).