I mean that's great and all, but 270million tons of 1.2% is...

I mean that's great and all, but 270million tons of 1.2% is what, roughly 6Mt LCE? MergeCo has 15.2Mt LCE, that's 2.5x as much.

PLS is a great company and they will make a fortune, no doubt. They are the best company to take advantage of the current market conditions and their MC is deserved. But they simply don't have anywhere near as much lithium as MergeCo, so looking ahead in the far, far future they don't have as much room to expand, which was my point. Maybe they'll make some big new discovery or acquire a new resource, I dunno. Though even if they can match MergeCo in resource, spod is a lower value product than even the primary grade from Olaroz. But then PLS can vertically integrate of course.

I wouldn't bet against PLS, and I don't have to, and neither do you. Buy both. All the big lithium players have plenty of room to run. I'm just nitpicking at this point.