It's probably not a good idea to compare Phoenix to any one lithium stock. Look at the charts below of GLN and VUL. I don't follow GLN but there might be some other reason why it is on multi year lows while VUL bounced. Why is the GLN market cap only $61mill while VUL has a mc of $700mill? Different size resource but much higher grade for GLN and still big enough to produce large amounts of lithium each year. Since even as recent as March this year, GLN has fallen a further near 75% while VUL had stabilsed and then recovered modestly since March. Perhaps something stock or country specific has driven GLN to such a low valuation?
