Some brief history from what I know. Alliance held a tantalum...

Some brief history from what I know. Alliance held a tantalum processing plant, a huge plot of tenements and plenty of environmental permits, allowing it to fast tracked it's project. Permits are painful to get and takes a long time. Mark saw the obvious advantage that Alliance had and came in with proposal to alliance ceo to develop Bald Hill. Alliance ceo gave 50% rights of Bald Hill to Tawana for $20m earn-in.

The way I see it, Alliance could have had other operators developing Bald Hill and it might probably work out just fine. Tawana without Bald Hill, might develop Cowan but definitely won't be a producer right now.

So, never discount what each other had did. Both contributed their parts to what it is today, Bald Hill being a producing Lithium mine.

Merger is definitely the way to go in the longer run if we want to aim for billion dollar market cap.