Very brief response from me, Matan, and please bear in mind I am not a very experienced investor.
From the research I have done you are correct, ORE is likely to be a lower cost producer, but you need to balance that against an element of sovereign risk.
I have therefore hedged my bets and have some exposure to GXY and more esposure to ORE (about 2 to 1). ORE is likely to have a much bigger upside IMO.
I lived in Argentina years ago when I was in my teens. Its a brilliant place to live but corruption is an everyday part of life. At one time we realised I had the wrong visa, but instead of me taking a trip across to Uruguay to renew my visa, we simply paid a local official off. I think the guys in ORE are familiar with the local culture and assuming they have plenty of Argentinian employees they will probably be OK, but hey what do I know about doing business over there? Absolutely zilch!
People like 2ic and Peter Pumpkinhead (sorry to dump on you guys!) will be able to give you a better idea of potential costs versus profits although I understand there is an outstanding matter of unannounced processing costs for the lithium carbonate plant in China for GXY.
Having said that, if lithium batteries really do take off they will probably both be winners.
P.S. If you buy in to ORE before the 28th May you'll get the rights issue option of 1 new share for every 8 at 38c. Dunno how attractive that is to you. I haven't done any technical analysis. I don't know how much it will run beyond 50c. Today was a down day right across the board. If you can get in at 50c or under that might be a good option. There is a slight retracement at the moment but the trend is clearly up. Its impossible to time these things. With ORE you might see some short term loss but generally I think you will be onto a winner due to the fundamentals. I am holding both (and accumulating ORE where possible) not selling.
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