Ann: Bawdwin Resource Grows in Size and Confidence, page-23

I'm always questioning my investments to make sure I've got my money in the right place relative to a similar company. The table below is a basic comparison between MYL and a couple of ASX poly peers (G1A and ADT) that I've been sniffing around. G1A is clearly the most advanced, followed by MYL then ADT, which is still working on its maiden JORC. I appreciate G1A's higher valuation as it's in Australia and clearly more advanced. I still don't understand ADT's relative valuation based on the potential upper estimate for JORC at the moment. I'm guessing it probably has something to do with it being at the exploration phase of the cycle where speculators are looking for that initial 5-10 bagger before the development part of the cycle sinks in. I think they're all cheap but to me it's pretty obvious which one is relatively cheaper. Anyway, make your own judgments and if I've made a mistake apologies in advance - I'm a complete amateur.