how is it possible, page-7

Well, AYN have everything in place, and should have poured first production by now. CCU haven't got a ML, or a mine, or plant etc. etc. I suppose the mkt doesn't really expect them to be producing in December this year.

They'll get re-rated when they are closer to production, just like AYN did.

Don't get too hung up on differences in resources/reserves. These numbers change all the time when they start mining.