Since you asked...
Producers like A40 are priced on a % value of the deposit until they first reach nameplate, have zero debt and then finally pay dividends.
Liontown as an explorer, has a better deposit than A40 and is completely untied, therefore is pretty primed for sale(check KDR offer for good example). Explorers are valued off there future potential and current size. The scoping study proves the project feasible... The met tests prove KV has extremely low impurities and high recovery rates. The management have a proven track record and are heavily invested.
LTR doesn't have to deal with the current oversupply problem, because when its producing EV's will be booming at a rate far higher than they're right now. It's simply better timing.
A40 will be fine once lithium demand picks up closer to the end of the year... Having a stockpile isn't always a bad thing if you've got enough cash to survive. Worst comes to worst, they sell it at a discount to survive until the real boom occurs mid to late next year.
Lithium is the future. Think positive and average down if you can afford it/plan on holding this long term.
All my opinion. DYOR
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