Why GLN could be one of the best baggers on the ASX IMO., page-7

3.
Small MC compared to peers:

Since I posted this...DMI has doubled, yet the MC is STILL small if you look at DMI's neighbours on Hombre Muerto and it's ASX/TSX peers.

I've looked in detail at EVERY ASX play...
projects, mgmt...you name it. Some are just plain fluff...it's as plain as day. Yet, they have MC's over 50M or 100M or 200M.

Sometimes it takes a while but, those investors WILL figure it out...and find DMI.

I'll repeat...DMI is in the BEST Lithium sandbox in all of Argentina (the 2nd best in the world!)

-GXY with a 1.3B MC which with a 1.4B NPV for its SDV (minus 280M U.S POSCO deal) and it's SP could double in the next 12 months.

-FMC is the big kid on the block and pulling in serious $$$. FMC will spin-off it's Lithium business in 3 months. Valuations are 3-3.5B U.S. DMI actually has a project on the SAME Salar as FMC!! (agreed there a border dispute that needs to get sorted first but, DMI has mining right to BOTH sides so it's just a border fight between provinces)
Yet, DMI's MC is 35M? The mind boggles!

-NRG with a little piece on top and doesn't have as much land as DMI but, it's got a 40M MC. It's value is 100M as a floor IMO.

The 280M U.S POSCO deal for GXY's SDV has put the spotlight on Hombre Muerto.
Right now I doubt the market fully understands or knows that DMI has this massive chunk of HM. This will change.

Add to this the fact DMI might very well have BRINE under more of it's project and then you begin to realize that one needs to look at GXYs 1.4 billion NPV.

Yes, we need drilling results and a JORC but, from the HARD data and YES...it's REAL data...DMI has a lot of Lithium under it's project...a lot more than the small 80,000 tons I thought and was happy with when I bought DMI and was hoping for a 5-10 bagger.

The KEY point here...

Many of the Li plays MCs on the ASX are based on virgin salars or off shoots. DMI is the ONLY ASX lithium stock (besides GXY) that has a project on Hombre Muerto...the best Salar in ARG.

This isn't rocket science here.
Simple math from looking at the GEO results show there's A LOT of brine stuff. To think that DMI may be looking to increase...maybe double that land size says that once Drilling results come in....DMI's MC will get much closer to it's peers.

IMO, the risk isn't owing DMI...it's NOT owning DMI that's the risk.

The float is tight...once the drilling results are in...everyone will be after DMI shares. The questions is...how many can one get?

Mgmt. and insiders agree...they have 40% . Seriously...how many ASX miners/juniors have mgmt. /insiders with that much??!!

The MC of DMI will change. It will also change fast...not in 1-2 years.
If DMI can produce a JORC of 1M-2M...
20+ companies will come knocking to get in.

I think we'll ask for more then it's current MC.

IMO
DYOR!!