If have had 30+ years involvement in hard rock and have only been looking into brines for the last year. As such I consider my level of knowledge of brine to be "Below Poor".
That said, from what I can gather, the GXY Sal de Vida deposit is of exceptional quality and 'should' be the real company-maker for them.
James Bay in Canada is also an incredibly solid-looking prospect, but is less developed than SdV. Best thing about it is: the pegmatite outcrops above the surface by 30m, so it will be a very low strip ratio. It is also in prime location for the North American and to a lesser extent EU markets. The US Senate has just woken up that they need to secure lithium supply before China locks it all up.
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My complete thumb-suck assessment is that Bald Hill is better than Mt Cattlin, but probably not as good as James Bay (but they will be close).
So, with GXY's 3 operations running and at full valuation, I don't think TAW would be justified at a MC 50% of GXY, given GXY will (probably) have 100% of 3 diverse operations vs TAW's 50% of just one.
However - GXY have a LOT of hurdles to jump before they realise their full potential output and MC.
TAW are much closer and have a much simpler pathway. TAW really is a no-brainer for a quality business. (And I highly suspect TAW will be on the M&A pathway as an aggressor in the medium term).
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