I still think its a valid comparison. I know you're are a GXY holder and I wouldn't worry, as the company will continue doing great with the lithium shortage.
However, look at the figures,
GXY has 3 projects
Mt Cattlin producing about 190k/year of spod, 57% recovery rate and a reserve of 16MT @ 1.08%
James Bay is in exploration phase but looks like about 23MT @ 1.2%
Sal De Vida is a brine project in early exploration.
AJM has the single project
Expect initial production of 220k/year of spod, HIGHER recovery and a reserve of Mt Cattlin and James Bay put together.
Everyone knows that GXY has pretty high production costs (I did read that the 57% rate has improved and they want to get into the 70% range). So yes, GXY has more projects but they cost more to run and this time next year, AJM will likely have more production output than GXY. Now this doesn't even include the proposal doubling of production to 450k/year of spod for AJM.
So a 1.5 bil target for AJM is realistic in my eyes.
AJM Chart, page-1659
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