GSC mc at around 660 million.
BGS mc at around 110 million.
Both at pfs stage, but bgs actually ahead as previous pfs already done before.
Leach process only way to really derive value from GSC deposit as it is relatively low grade compared to BGS. BGS can just sell the spodumene directly. Huge advantage in capex costs.
Imo only advantage GSC has is location and it is a big advantage. Process more complex than BGS, may not necessarily beat them to market. Anyway with around 6x the valuation, I cannot see enough value to invest.
I see both projects being funded though. BGS will likely go through China, majority of lithium demand from there.
