I can’t agree with you there OldGuy. Allkem’s expected...

I can’t agree with you there OldGuy. Allkem’s expected profitability is already included in its share price, same for BYD’s. That one makes higher profit margins than the other has no relevance. The only reason to prefer Allkem over BYD is that your expectation of it’s risk-weighted return to you as a shareholder over time will exceed BYD’s. To the extent that the two companies’ returns may have low correlation (one benefits from high lithium prices, the other from low prices), your optimal portfolio allocation should probably include both.