First of ALL galaxy is at $1.89 billion , PLS is at $4.32...

First of ALL galaxy is at $1.89 billion , PLS is at $4.32 billion ( and just around $2 billion before AJM acquisition ) , and MIN is at $10.79 billion . So how old are your figures would be my first question.

But lets look at something more comparable in Sigma Lithium with its Brazilian ' Twin ' pit operations of XUXA North and XUXA South and which has only just broken ground at its Phase 1. = 220,000 tonne ( 33,000 tonnes of annual LCE ) and it's some way off feasibility Phase 2. with it's projected 440,000 tonnes ( or 65,000 tonnes of LCE ) .

So without getting into ALL the finer comparative details of each of Sigma's and Sayona's DFS's , they ( Sigma ) are currently valued at CAD $562.65 million ( AUD $605 million )

Note that Sigma only has the one Lithium project and not the potential for a third or fourth in the alternative largest hard rock lithium geography in the world being the Australian Pilbara. They also don't have the added upside in significant possible GOLD discoveries along currently the worlds largest GOLD find ounces potential per kilometre over it's ( De Grey's ) defined 150 kilometre strike zone.