You forgot the Canadians are being super polite in reviewing environmental approvals about that other big spodumene resource we have in North America. Yes, that other asset we have.
Liontown has a market cap of $155m on a 'not fully defined/understood' resource much further behind on any development plans. It's a great resource but currently doesn't look vastly better than what GXY have at James Bay.
If James Bay was priced at even $100m, the current market cap would mean Mt.Cattlin ($30-40m EBITDA p.a. at these spod prices) and Sal de Vida (one of the highest purity and largest defined brine resources in the world, a quarter of which sold for $400m earlier in the year) are collectively worth $100-$150m. LOL, you'd think I was making this up looking at how silly low the share prices has become.
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You forgot the Canadians are being super polite in reviewing...
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