Sorry but that's definitely wrong. When a project has yet...

Sorry but that's definitely wrong.
When a project has yet to be derisked, it's market cap is NOT directly proportional to its deposit size. Ie if it's deposit is 10 times bigger than XYZ then PTM = 10XYZ, it's more than PTM = 3XYZ, at best, UNTIL the resource is derisked or at least proven.

that's solely my argument, that given PTM is at its infancy stage, we have so much to prove, so much capital to raise and spend, and many years behind the likes of SYA, AVZ and the likes.

btw, for everyone claiming this is going to be bigger than PLS etc and probably the biggest mine in the world with over 300mt. Let's be clear, after 100mt it's all the same and companies don't even bother proving their deposit beyond number like 150mt. PLS, one of the largest producer, making $3.2bn PROFIT per year, will take another 6-8 years to upgrade their mines to be able to mine 1mt/year. Once they get to 1mt/yr, a 100mt mine will have a 100 year mine life. So tell me again how a deposit greater than 200mt is meaningful?

thanks