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"More like Adam ant"
Ouch, ziiiiiing. You got me good there.
Oh dear Alan sugar, more like Adam ant
I said COUNTY
So kdnc cadence have approx 3% of Sonora deposit?
I would also state that Bacanora’s concession in Sonora, which is the one the BFS relates to has a 8.7Mt resource statement. It’s nowhere near being a large project. It IS one of the larger CLAY deposits in the world.
I think the confusion comes from the fact Sonora itself is massive, it covers nearly 100,000 hectares. It’s split into 10 concessions, Bacanora Ltd own one of them (this is the one at BFS, that Cadence have a tiny stake in). They also have a JV on two others (70% Bacanora, 30% Cadence). But those two (Megalit and Mexalit) are not explored.
Note that Bacanora mention them as two concessions but Cadence call them JV companies with 5 concessions. I guess it doesn’t matter much at this stage. They are in the long term (20-year) plan for Bacanora / Sonora.
Thanks for the clarification, fatsuperman
And there's the bell... GLA all, hopefully a sizeable blue day.
Its nowhere near the size of 20,000 rugby pitches, more like 40,000!
Well Kenny has plucked his numbers out of thin air. You’ve only got to go on Cadence’s own website and read their RNS.
As of August 1st, Cadence owned 0.5% of the owner that project. On October 14th, Bacanora (the owner) sold 30% of their equity to Ganfeng, in a JV. That makes Cadence’s small stake even smaller.
So yes, they own a portion of a project which is at BFS, and now has significant funding, but it’s a tiny stake at this stage.
I’ll pre-empt you mentioning their 30% investment in the Mexalit / Megalit JV, which is in the same area. This is not part of the BFS And has not been explored to have a resource estimate. The KDNC website is very out of date.
By the way, DFS and BFS are the same thing.
Good luck all!
fatsuperman, the Sonora lithium mine in Mexico.
From kenny100's post on Sunday - "The Sonora lithium project, located in Sonora, Mexico, is the biggest lithium deposit is being developed by a joint venture (JV) of Bacanora Minerals (30%) and Cadence Minerals (70%)."
rob--or as some one else put it --the size of Birmingham.
Your posts get worse
Jeremiah, because Zulu will a open cast mine it can be conducted on a two phase project level... First phase to fast track Zulu to DFS in 12 months... Second phase to look at the extended area.
GLA
Fingers crossed
Jeremiah, which lithium deposit are you talking about with regards to Cadence?
Try and keep it civil grobag. I notice a few of the rampers quickly stoop to name calling instead of healthy debate which detracts from their own arguments. I suppose being on a public bulletin one has to rub shoulders with all kinds of undesirables among the majority of decent folk.
Why don't you find out from the company yourself Acker??....guess more like SLACKER than ACKER...
Going to be a boooming day!
You've clearly never been to San Marino ;P
Alan, very true. But I think that’s why he mentioned ‘county’
When George was in London , I asked about dfs . He said need to drill 20,000m and dfs would take only 6 months
Is it not 22000 acreas?
That not the size of a country!
Jerrymander
It's not a pi**ing contest between prem and anybody, if anyone is looking for returns on their investment look no further.
The claimed EPO area is unimaginable, the size of a county. News is that's bolted on
There's no argument George may bad moves en route, but.....
We didn't agree to Honey Badger and wondered why George was contemplating it. Now we know there's gold in the EPO!
Stop whingeing get on or leave the room
Depends how many Rio tintos are on board with Jv’s I suppose
Yep I’m hoping someone else can answer that.
I have asked the same question and prem own 100% of Zulu higher grades of lithium. Other licenses could make this a unique opportunity.
I see company making news on the horizon and a confirmation of what was in the Zim press. 1p plus is a distinct possibility in the short term imho gla
And still no answer as to why Cadence's Mcap is only £8m if they own a chunk of the biggest lithium deposit in the world, and have progressed it to BFS, which is beyond a DFS, that too in a far more stable jurisdiction than Zimbabwe?
2857mal--you should be aware that the BCN DFS for Sonora started March 16--completed Dec 2017.
Was asking--how long DFS for Zulu.