Just calculating AGYs market valuations (free floating shares only). Market cap looks ridiculous compared to some valuations on DKO, PIO both hitting around $75M, BGS $60M, and other lithium junior valuations at around average $25M-$30M.
Whilst AGY is only $18M.
Hard rock is hit and miss and there is a defined boundary with pegmatites. Salars do not have boundaries so if you have Lithium in one bore hole into the acquifier, it is highly likely you will get lithium 100metres - 500metres - 1kms away within the boundary of your tenement or the edge of the Salar.
Therefore the risk of hitting blanks is very low with salars once you have determined there is lithium.
Charting, page-46
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