Ann: Prairie Lithium PFS Confirms Extremely Low Operating Cost, page-90

That's just the tip of the iceberg, as even Ioneer faces BLM challenges (although behind the scenes Chevron and if I remember correctly Shell has their back) but it will take time. Just ask AZL shareholders haha

Prairie Project really is a diamond in the rough, made quite pronounced once everyone discovers why Saskatchewan is a special place for mining. They laugh at one year production timeframe, they can do it faster if given the funding - no shortage of skilled workers, equipment, local/land owners and Govt support.

Where is Anson, Utah? The land of rich land owners where they build holiday homes for winter sports.

VUL is in NIMBY Europe, although I'm also an investor there (just recently acquired again) CAPEX is multibillion- the only saving grace on their ASX market valuation is that they are raising capital via private subsidiary companies through JVs and has VW as their "daddy". Here's an old joke for reference.

Standard Lithium is a good peer, as well as E3 Lithium. So is VUL but they serve a different market. What the industry/market isn't doing right now is separating between different type of lithium sources therefore different cost structures and corporate financing, and different markets (Big Mac cost different in Europe vs Asia, and so will lithium).

All said and done, it's not a zero sum game. All lithium mining developers right now MUST achieve production/commercialisation if to supply the world enough future raw materials demand.

The "oversupply" narratives is false. Lithium is not copper or iron ore. It is barely even recognised as a commodity yet. Oversupply narrative is manufactured and it is killing production right now as expected (see CXO) so lithium will just get more expensive (even if today cheap) in the future as a result.

Once a mine enters commercial status, it gets valued differently and more funds, ETFs and portfolios acquire shares of the company no matter the share price.

So if I'm a betting person, I'd bet on both... although more ante on AZL than ASN. But I'm not. I'm an investor and due diligence says judge on risks and uncertainties. AZL have no permitting issues or geopolitical risks (note elections across the world 2024) and minimal if at all uncertainties in reaching commercial status if given the funding.

Hope this helps