Running Commentary on the SP Movements., page-873

All IMO, but comparing AVZ to other lithium stocks on size alone is misleading.

Clearly PLS are about to mine, they will be making hundreds of millions of dollar a year. They have spent millions on building a plant. AVZ is burning through funds with no cash inflow, as they are just an explorer. Of course PLS is going to be valued much higher. Same with GXY and AJM. This should be obvious.

If I was going to spruik an asset like AVZ I would definitely emphasise the size. Also even with size, you fail to mention that other lithium cos have potentially much higher potential reserves than just their JORC.

It is clear that TAW/AJM/PLS/BGS all have much more resource than what is contained in their JORC amounts. Ignoring this is misleading as it emphasises an irrelevant statistic even further.