Yes GSC is valued significantly higher.
What I found interesting and trying to get my head around is the Rincon mobilisation straight to capex and works, ie pond construction. Without an initial exploration campaign.
This indicates to me that the Rincon project is quite mature and should have prior exploration results that have not been released by AGY and kept private by Pablo. Even now AGY is beginning to plan for Phase 2 of Rincon subject to a successful phase 1.
Pablo is AGYs strategic partner and brings considerable experience and also patented lithium processing intellectual properties.
20 Bagger. Aspiring Lithium Triangle Producer!!, page-23
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