By the standard pricing that the market has been applying if GXY is at 36.5c then GMM should be in the region of 55c.
That said.. If the market cap was $171 million at last close, and looking at other lithium stocks market caps, this one is undervalued and should have been at $1 some time ago.
HINT: Not many shares in market.
Problem is, a lot of traders just look at the share price and not the market cap.