Argentine Brine Comparables

By comparing companies whose main asset is Argentinean Brine, we can control for issues that people identify as issues for GLN detractors, ie that Argentina is a political and economic basketcase, and that brine assets are not worth as much as hard rock ones.

For example, in another post i mentioned that Tecpetrol is currently offering US46/t LCE for Alpha Lithium (listed on some obscure exchange in Canada) which has a 3.3Mt LCE on the Tolilar Salar in Salta, Argentina (<50km away from Hombre Muetro), an offer Alpha Lithium has rejected. Why Tecpetrol is willing to spend us$150m for 3.3mt is head scratching when GLN's 7mt+ LCE trades at the same price.

Another example is Lithium Chile, also listed in Canada. Despite their name, their main asset is a 62% interest in a 3.3mt LCE resource on the Arizaro Salar in Salta, about 100km away from Hombre Meurto. In the below youtube talk uploaded a day ago, at around the 13min mark, their CEO says their shares are undervalued at cad 150m. I wonder what he thinks of GLNs 7mt LCE resource at cad 200m?!

more interestingly though at the 14min mark, he mentions that YPF, the national Argentinean oil and gas company, has bid usd 120m on 10000 ha of unexplored land on the Arizaro Salar. For nearly the same price you can get the already established 7mt LCE... apparently the full tender results for the Arizaro Salar divestment by REMSA (the Salta province) are released in 3 weeks and could provide further details of this valuation head scratcher. Will the underbidders in the auction look to the cheaper Australian market for established resources instead or will the valuation difference continue to manifest?