There's a new article where an analyst describes from a...

There's a new article where an analyst describes from a different perspective why A11 is next to another as a standout among lithium stocks.
It is therefore worth reading the article, imho.
See: https://www.*.co.uk/companies/news/995356/liberum-highlights-sigma-and-atlantic-as-the-pick-of-the-lithium-companies-995356.html"Liberum’s seasoned mining analyst Yuen Low rates Sigma Lithium Corp (TSX-V:SGML, OTCQB:SGMLF, NASDAQ:SGML) and Atlantic Lithium Limited (AIM:ALL, OTCQX:ALLIF, ASX:A11) as the best of the bunch in an increasingly crowded field of lithium hopefuls.

In a note to clients, Low pointed out that comparing lithium companies and projects has become harder in recent months as input and operating costs alike were being affected by inflation.

“Our solution,” he wrote, “is to calculate projects’ annual cash generation and payback (as proxy for returns) using our real long-term price and FX assumptions. From this exercise, which focuses on spodumene concentrate production, we conclude that Atlantic Lithium and Sigma Lithium are the picks of the sector on pre- and post-tax bases.”

Part of the purpose of the exercise was to work out which lithium companies would be most robust in the event of a fall in the lithium price. After all, with spot running at around US$70,000 it hasn’t been hard to pick a lithium winner over the past year or two.

But if the price were to fall, Low reckons the wheat and the chaff would get sorted pretty quickly, and that Atlantic and Sigma both fall firmly into the ‘wheat’ category.

Atlantic has an advanced and fully-funded project in Ghana, while Sigma has sizeable near-term assets in Brazil.

“To assist the more-discerning investor in ranking spodumene lithium projects, we provide post-tax comparisons based on our relatively conservative long-term price assumptions,” Low wrote.

“For us, Atlantic Lithium and Sigma Lithium are clear stand-out picks. AVZ, Leo Lithium and Savannah have potential to be interesting, once their respective issues are sorted.
While Atlantic stands out on both pre- and post-tax bases, Sigma actually enjoys the best post-tax payback in terms of its Phase 1 project - but falters somewhat when Phase 2 is added. AVZ, Leo Lithium, Liontown and Savannah are also clearly interesting. However, it should be noted that AVZ, Leo and Savannah have ownership-, country- or permitting-related challenges to overcome,” he concluded.

Low analysed 14 companies in all, with a median market capitalisation of US$340mln, and with median proved and probable reserves of lithium dioxide of 332,000 tonnes.

The bold above is from me to highlight the passages and by the way ALL on LSE got a little uplift today. So I hope A11 on ASX will follow