Moin Paul,I take a similar view, but I'll add several things to...

Moin Paul,

I take a similar view, but I'll add several things to the assessment here.
- Ownership of LEL was 90 %
- The non-consideration of sunk capital can certainly be applied to exploration costs, but certainly not to infrastructure construction.
- Consideration of authorisation status - Permits
- Existing expertise/specialist personnel
- The Olaroz Salar is shared by 3 parties. LEL/Arcadium/Laac The indicated resources are immediately adjacent to Arcadium Bore Field, which could affect both the water balance and a constant Li content
- Mg/Li ratio is more favourable at Hombre Muerto

Fundamental difference
Management, yes the usual suspects here in the thread won't like to hear that, better management. In terms of financial management, I rank both at the same level, but Galan has proven operational excellence and an international network. Both are decisive success factors for me.

Music tip for all doubters: Lost frequencies ‘Heads down’

Smith71