It's quite simple mate.
Compare the projects to each other on a 100% basis then discount it
50% for TAWs interest. MC of GXY currently is ~$1.25B. They produced 32kt last quarter I just checked which is annual of 128kt. TAW will hopefully be producing 155ktpa by March or maybe will take to mid next year to ramp up Im not too sure. So you would expect The project to Be worth close to that if not more which should give $1.25B % 2 for TAWs project interest.
Then it's likely to be closer to 200ktpa by end 2018 start 2019.
Then going out further mid 2019 could be 350ktpa plus, close to 3 times current GXY figures. So in a perfect world scenario where the global economy doesn't shit itself, Lithium stays in high demand and price also similar or better than current prices and by 2019 TAW could be valued Upwards to $1.5B. This may sound like a lot based on current MC but it is achievable.
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