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Try multipling your figure of 1.66Mt of Lithium by US$13,000 mid-price for Lithium Carbonate and see what you get. It will not come to the THEN US$50bn per D.Lenigas then [REM AGM] or from the tweet wherein he said Sonora & Cinovec 13Mt is $100 billion bucks. See my post below for the links to his tweets.
??
Hello @news. There is no doubting that Sonora has the potential to become one of the largest lithium producers in the world as it can scale much faster than traditional brines. I'm not questioning this. If I were you I'd ask for a second opinion from someone knowledgeable regarding the resource comparisons. You asked me to comment. I've commented. The lithium RESOURCES of Sonora is 1.66Mt of Lithium (8.8 LCE). David Lenigas would not disagree with this as he strikes me as the sort of person who would know his apples from his pears. LoL. The lithium RESERVES of the Salar de Atacama Chile as stated on page 48 of their 2020 annual report is 9.1Mt of Lithium, or expressed as LCE around 48.5Mt.
https://ir.sqm.com/English/financials/annual-reports/default.aspx
Ob.
JOHN CORNFORD, MINING ANALYST, MASTER INVESTORS , 12 APR 2021
on Bacanora Lithium and SONORA:
"..AND AN ALMOST U N L I M I T E D MINE LIFE."
"..OF THE LARGEST POTENTIAL LITHIUM SUPPLIERS IN THE WORLD- BACANORA*S LITHIUM S O N O R A LITHIUM PROJECT IN MEXICO."
Link: https://masterinvestors.co.uk/equities/johns-mining-journal-bacanora-lithium-amadale-capital/ Mr John Cornford, Veteran Mining Analyst
My Comment:
LAST E X I B I T
EVIDENCE
PROOF
FOR THE AVOIDANCE OF DOUBT
EVIDENCE FROM:
-REM PLC RNS - MY POST TODAY, MON 12 APR 2021 [EXHIBIT 1]
-MEXICAN ARTICLE [RECENT] BACANORA LITHIUM OVER 8MT LITHIUM WHITE GOLD
-DAVID LENIGAS, FOUNDER AND CHAIRMAN, REM *S TWEETS IN 2015 /2016 RE:SONORA
-JOHN CORNFORD, MASTER INVESTORS , 12 APR 2021 - SONORA
REM - KDNC HAS A 30% JV WITH BACANORA LITHIUM IN SONORA LITHIUM, MEXICO
AS I STATED, I AM QUOTING VERBATIM FROM THE ABOVE, TO WHICH MR OBSERVER842 DOES NOT AGREE WITH INCLUDING WITH DAVID LENIGAS OR FROM BACANORA OR REM PLC RNS ETC.
CANT SAY ANYMORE THAN EACH TO THEIR OWN.
AS SAID , N O T MY WORDS - ALL VERBATIM FROM SO MANY SOURCES INCLUDING BACANORA ETC.?