Ann: Major Lithium Brine Discovery at Solaroz Project, page-120

your missing the part of the picture after it comes out of the ground . 400 ppm isn’t equivalent to 800 ppm stuff . 400 ppm brine without a dle tech requires a heck of a lot more pondage and other reagents to concentrate it then 800 ppm
stuff. You might be right about estimating total contained lithium but it’s the opex cost to produce carbonate that is relevant to valuing the resource then just contained lithium .

Look at Lithium Clays , they have far bigger resources then brines . Some of those resources in the Nevada dessert are 10 MT of lithium , but big question mark exists over how costly it costs to get that lithium out of the clay and concentrate . Concentration is directly correlated with Opex cost . That maybe somewhat irrelevant now we are at 80000 per tonne of carbonate but in the long run prices won’t stay at these elevated levels . The world is do short of lithium a lot of lower quality resources are going to be needed so maybe this will prove to be an academic argument if this lithium bull cycle runs long enough . But you simply can’t argue a 400 ppm resource is equivalent to an 800 ppm one because it might be twice the size , the economics of extraction don’t work that way . Galan is in a different league . Galan is way undervalued and this too at 100 million market cap is way undervalued too if they can firm up some good drill results .