ati vs ord

Can anyone explain the following market cap valuation?


ORD Market Cap $12M
ATI Market Cap $37M

ORD has an exisiting partner to help fund the project.
ATI is stilling looking for one.

ORD • SARCO currently has rights to 2 tenements over an area granted of 574 km2.
Application for an additional 867 km2 tenement is in final stage of approval.
When all tenements are granted SARCO will have access to over 1,400 km2
• The bauxite potential, in the areas of interest to Ord, is estimated to be up to
2 billion tonnes
• JORC compliant Indicated Resource of 130mt identified at end 2008

ATI Previous exploration data included an estimate
of the extent of the bauxite mineralisation
based on area and average thickness to
suggest a conceptual target in the order of 50
to 100 million tonnes. To date there has been
insufficient exploration activity to define a
Mineral Resource as defined by The
Australasian Code for Reporting of Exploration
Results, Mineral Resources and Ore Reserves
(JORC Code).

Also ORD has other huge potential projects like copper flats.
ATI is a one project company.