It makes little sense that a company like GLN with only a Lithium resource in a risky country of higher taxes and stronger regulatory conditions can have a market cap of around 35 million while ASN only has a market cap of around 15 million ,considering that the Bromine resource could be worth as much as 10 billion once more exploration has been done and cheaper to set up and process than Lithium.
I have no idea what the GLN Lithium resource may be worth ,but IM sure it does not deserve a market cap way above ASN ,or at least the ASN market cap should be the same or more.
The Lithium is still worth something to ASN and not anywhere near the value of what GLN has ,but ASN is a mineral company ,not a Lithium company ,and certainly not worth a market cap of 5 million like some troll is saying on twitter ,while trashing ASN everywhere else.
Major Lithium producers are not increasing there Bromine production capacities for nothing ,they are doing it because there is big money to be made in Bromine production from brines.
Bromine production could make other minerals such as Lithium Boron and Iodine quite profitable for ASN from the Paradox Basin brines.
So in saying all this ,does anyone truly think that in the long run companies like GLN AGY and others only producing Lithium will be worth more ,or make more profit ?.
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