OK, Here is a comparison of 2 different companies. I'm not making aspersions to either side. But look at the economic factors in play.
AVZ is just so overwhelmingly undervalued as a resource.
PLS 52.2Mt @ 1.3% Li2O containing 668,000 tonnes Li2O, and including 32.9 million tonnes of Ta2O5 @ 0.022% containing 15.7 M lbs Ta2O5
• 83 holes for 10800m by 27th November 2015
MC was $195 million
PLS reported, in Beer & Co presentation, of prices up to US$ 450/t for low Fe, 6% Li2O, concentrate for chemical or battery grade, and higher prices for very low Fe concentrate for industrial (glass or ceramic) applications.
http://www.pilbaraminerals.com.au/site/PDF/1091_0/BeerampCoResearchReport06102015
PLS reported, in presentations, of prices up to US$ 450/t for low Fe, 6% Li2O, concentrate for chemical or battery grade, and higher prices for very low Fe concentrate for industrial (glass or ceramic) applications.
So 52.2Mt @1.3% Li2O at <$450/t and a MC of $195million 30/11/2015
AVZ 400.4Mt @1.66% Lithium >$650/t and a MC of $100.46m 8/03/2019
I haven't mentioned tin either.
Market is crazy at times and just doesn't add up