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It seems to be the way Cadence travels.. under the radar! I’ll have a look at a BOlivia Lithium and say good night and thank you once again
I will conclude with:
THE YEAR IS 2031.
KDNC - SONORA JV COMES INTO PLAY per Kiran in Year 8. [2023 production starts?]
What will history say?
How much has it gone for?
You said Barksy1, its time for back-back, hence why I decided to post. I have known for quite a long time and I have watched what folks said about Sonora.
Barksy1-put Bolivia lithium and look at the top article.
I cant put out the title.
Look at the desperation for lithium as that is the last part left given there*s 60% there.
Dont need Kiran to discuss anything as that has to come in an RNS if there is material info.
Kiran looks like a nice chap -he is the company sec rolled into the mine technical director etc. He used to run a mine and that*s where DL met him etc. It so long ago but I know there*s a link from that mine.
However, its does look pretty competitive out there.
Well, if the No 1 Sonora JV which is the PRIZE PART goes for cheeeep, then no one has been able to out-chess move. VALUATION IS PROOF.
How about Litchfield-capex is some $50-80m where its unheard of.
That*s also big money.
Wakey Wakey.
They are so desperate for lithium that they are fighting in Bolivia for it - Germans etc.
Thank you News, tonight has been a trip down memory lane crossed with much food for thought .
EMH- The CEO in his last interview publicy acknowledged REM-KDNC*s support.
What does support mean? Its obvious.
Yes, the nay nay people did a good job painting black paint.
However, not for DL, REM may not have survived.
20% in BCN and 20% in EMH.
Not for those stakes and steering out of a commodity squeeze in lithium would have meant end of. Many have gone as they did not have a life boat. This is FACT not fiction.
There may still be ndas in place from the contract with Tesla that dl/Kiran were involved in, so perhaps he can’t discuss anything still
Barksy1
Yes, you said that its time for REM*ers to get upside. I agree.
Hence, why I decided to put you in the pic and Ivybush.
I think time will tell News. He is also very interested in EMH on Twitter (which isn’t going down with their shareholders very well...can’t think why :)
Barksy1- I agree. But DL appears distant and will NOT let REM or Sonora pass his lips.
From what I gather on the KDNC forum, it appears that he might have got into the soup from the 5p folks.
I thought of setting this right but my voice alone may not move things. Even if something could be done, its a bit late in the day.
From his reaction, I gather he may no be bothered? if it goes cheeep or whatever happens.
Can anyone blame him? Even a Saint would find it difficult but even then he made the effort to look for Suckling who he said was a metals trader.
He said Amapa was not his project that he brought in.
Yes I agree Ivy but I remember they did discuss transportation in oil or something as well . A gigafactory on site or just next door (!) would be ideal!
It won’t go cheeeep , not if dl started it all News ... he wrote the book.
All in good time Obs :) I’ve come to the conclusion it’s got to be worse just sitting and watching this evolve than to be involved day to day... almost tortuous!
@Barksy1 Lithium Hydroxide is also a corrosive material and highly irritant to the human skin.
Thus transporting long distance could present problems. If I wanted to build a battery factory I
would look to a site close to my raw material supply.
CORE LITHIUM, NORTHERN TERRITORIES, AUSTRALIA
KDNC has the next door licence at LITCHFIELD.
Core Lithium share price is A 22c, MKT CAP A$264.15 MILLION.
That is worth a lot of money - lowest cost producers in the whole of Australia and highest grade in Australia near Darwin port which will export to Asia and is the nearest to Asian mkts.
Kiran Mozaria said in his last interview, we dont make much of it ie shout about it.
That*s hot property so much so that CORE is saying they want to BUY. I posted that link and it is on their Twitter handle and in their RNS/ANN.
IMHO it's nailed on our JV area will be required sooner and in greater quantities than the market is currently factoring into our share price - BCN and Ganfeng are planning on expansion almost certainly increasing the value of our JV's, hold or sell. :-)))))
"Bacanora Lithium | China Mining Club | EN" (21 Oct 2020)
https://youtu.be/FNjRt-HKa2s?t=928
===[
We can scale it up, we've looked at production profiles from 17,500 to 35,000 to 50,000 tonnes a year of lithium [carbonate] equivalent, and each construction phase is about 18 months. So we could go from, starting work to being a 50,000 tonne a year lithium producer within 4 years. And that is the plan. I mean obviously we're looking at the markets and how quickly they're growing, but, yes, Ganfeng has invested in us because they see us being one of the largest producers in the world within the next 5 years supplying a high grade product that will go straight to the Asian market.
]===
"China Mining Club - Bacanora Lithium" (19 Feb 2021)
https://www.youtube.com/watch?v=QnuOIfuEmOQ&t=930
===[
So we are going to start at a 20ktpa equivalent basis but we could easily expand to 50, or larger thousand tonnes a year.
]===
Perhaps the market needs to see the words in an official expansion plan, not hear them? Starting at 20ktpa sounds nailed on if you ask me. And by my estimates this along with an expansion to 50ktpa could increase the value of our JV by around 3 times.
See post at 21:05 for the details.
Ob.
That is the DL style - get the licence next door.
Zinnwald- no RNS for ages and ages. Nothing. All asleep.
If DL was receptive, I would tweet to him but he seems somehow distant and no longer in to REM*er no matter who. Maybe, he*s lumped all the apples together.
This is a crucial moment for KDNC - No 1 lithium project that could PUT 5.4 THACKER PASSES IN [250 divide by 46 years mine life.
"ASSET STRIPPING" [not a bad word but a biz term to split up to get value] - SONORA JV IS MASSIVE.
Will it go for cheeep?
Australia is like repeating Sonora :) also like emh/Zinnwald. ...always next door !
Yes, Ivybush, that was in the article ie lithium cannot be transported over long distances.
Yes, it is more sensible to have the battery factory near the manufacturing plants.
That may be the AMERICAN plan to get them all to Canada - everything in 1 spot.
Hence, why Ford is going to Mexico for a new production model is also interesting.
Whatever, they are doing, 1 thing is clear, LITHIUM SITU IS GETTING DESPERATE.
Buyers of spot cash spodumene are so desperate they are bidding the price up. Even SP Angel heard this from KOD*s CEO via a conference call.
So, REM IS LITHIUM - how is this going to transpire now?
BIG MONEY in lithium per Wall Street article.
News I am so sorry to hear about Phalen, I actually thought he had changed his name I had no idea he had had an accident. That’s very sad, thank you for letting us know
Gan likes to only take a 50% stake in lithium projects, even with Lithium America*s Argentine project. They have NEVER taken more than 50% or done a takeover.
So, if Stage 2, Gan goes to the JV land, then it could mean 10% more on top of what they paid BCN for 50% stake ie some US$50m give or take.
That means, $55m approximately give or take [10% more on $50m].
This means that BCN will have to give up 35% of their 70% share and KDNC 15% of their 30%.
Total of say, $55m means that KDNC could get US$8.25 million for the 15% stake that Gan may want.
Usually, in all projects, the operator wants 51%. In this case, Gan wants 50% only and BCN has to do the work as OPERATOR @50%.
$8.25MILLION FOR KDNC @15% STAKE IN THE JV WHICH IS THE PRIZED PART [250 years MINUS 19 YEARS = 231 YEARS??? THIS MEANS THAT IT IS 5 T I M E S BIGGER THAN THACKER PASS JUST FOR THE JV AREA].
THIS IS WAY BELOW THE VALUATION TAKEN BY REM OR KDNC FOR THEIR 30% JV A LONG TIME AGO. VALUES ARE RISING NOT FALLING.
Must be ?
HOW IS KDNC GOING TO EXTRACT VALUE?
What about THE NT, AUSTRALIA PROSPECT - THAT IS ALSO HOT PROPERTY. International investors paid $40m funding for CORE. Core is looking to buy as per their RNS/ANN.
KDNC*s NT PROPERTY NEAR CORE IS THE SAME BASIN AND SAME GEO ETC. Kiran Mozaria said so.
But ivybush, as I recall doesn’t it take just 5 days to process it from carbonate to hydroxide. So it could be flexible to whoever the future off taker would be .
I should have mentioned that Sonora is a Lithium Carbonate deposit.
This chemical is toxic and should be treated with caution, suitable protection and stored in a dry area.
It does seem to make more sense to me to create factories close to the deposit rather than have to
transport a long distance.
Lastly, PALEN.
In the REM days, everyone got together - no one fought no one nor bish bosh each other. Everyone had a specialism. One chap had City experience so he could tell about how many more days the placing would take to clear - Barksy1 asked him.
The rest said, lets go to Sonora-we can get the trucks out, scoop the stuff and get it to USA as its an easy operation. Why wait? Palen looked at the map and said that VENTANA [BCN] AND THE JV AREA WAS MASSIVE but he thought at the time that there was a GAP BETWEEN THE TWO.
I now learn there is NO GAP as it is CONTIGOUS from the BCN NI43-101. SO PALEN GAVE US A BIG MASSIVE LEAD - HEADS UP. THIS WAS BEFORE DL*S PARTY and what he told them.
Palen RIP was involved in an accident in Thailand and his daughter used his Twitter to tell everyone. That is if I got the right Palen.
My word- this London listed royalty co paid £28m for a % royalty. Royalties are usually tiny. From what I know it cost a FORTUNE TO BUY EVEN 1%. Solgold sold 1% from recall for $100m from the No 1 royalty co with a mkt cap into billions. Solgold has been offered another $50m for another 1/2 %.
So, SONORA SOLD FOR SOME US$50M FOR 50% STAKE?? A No 1 ranked lithium project with 2 50 years of mine life??? No 2 Thacker Pass MAX IS 46 YEARS and royalty alone sold for £28m = US$39m.
Something wrung.
Its called market mis-pricing gap.
So, that*s it. DL - WONDER IF HE IS WOKEN TO THE BIG MONEY IN LITHIUM NOW?
Barksy1- you saw how desperate buyers are ie spot lithium ie spodumene? I tweeted it for you today. That*s from Fastmarkets.
Yes, Barksy1, I remember you did the research on the other co in Sonora who was also interested in mining lithium.
WAKEY WAKEY, I SAY.
without off-take or financing yet. All City rule of the game says that triggers in layman*s parlance has to be permit, off-take and financing before the next re-rate.
AMAPA
This is the new direction of KDNC which is via Suckling*s contacts per DL.
LITHIUM
This is where Wall Street money is going. Australia*s richest woman and her son have a stake in Vulcan in Oz, mkt cap $900m still at green field stage with a lithium project in Germany. One talks telephone no*s for Oz co*s and even a few Canadian ones.
So, London lags behind.
KIRAN MOZARIA, CEO
He has an MBA and from this discipline he will be aware that co*s must SPREAD RISKS whether by jurisdiction or by commodity type.
I dont want to touch on iron ore but I am very definate that KDNC are in contact with professionals in the City etc . DL, one of his directors in his co is the COO of a NEW YORK BOUTIQUE HEDGE FUND specialising in commodities - this is the co that is helping PREM obtain their finance etc. DL said he flew to NYC to meet a hedge fund and now it transpires that the COO is a director in 1 of his co*s.
Therefore, bearing this in mind, I WOULD LIKE TO KNOW HOW KDNC IS GOING TO HEDGE RISK?
Goldman is warning about Rio and its risk exposure to IXXX OXX given that their forecast prices say X in X-Y years given supply coming to market.
This, I am very sure KIRAN MOZARIA KNOWS. THEY HAVE TO KNOW INDUSTRY FORECASTS and the FUTURES MARKETS WILL INDICATE. They need to know as they have to make the decision to SELL SPOT OR SELL FUTURES etc. They and co*s like BP, Shell all have to know the MEAN for prices and not just X or Y price today. From this, they plan accordingly so that their FIXED COSTS do not get out of hand and they cannot cut back on the spot - all needs planning and not HAP HAZARD.
I recall Kiran Mozaria was happy to answer your list [long] of questions and he sat down with you. Some people rub others the wrong way and from this account, I know that you have the persona to tackle it professionally.
These are the type of questions any FUND MANAGER will ask - they will do a co visit. Us folks have to wait for the AGM. I cant go down to London and I have never communicated with Kiran Mozaria , only DL on Twitter.
However, I find he no longer is amused and he speak to NO REM*ers no matter who they are. Me and Barksy1 have been supportive to this very day but maybe the apples all got put together.
Its a big loss to REM with DL gone - he found T H E NO1 LITHIUM PROJECT IN THE WORLD RANKINGS and even EMH, LARGEST IN EUROPE but that is another story.
LITHIUM IS VERY HOT RIGHT NOW AND WILL BE IN THE COMING FUTURE-DL SAID THAT HE DID NOT WANT THE NAME CHANGED BUT IT WAS DONE TO KDNC.
OK , HE IS NO LONGER IN THIS CO SO THE VISIONARY AND FOUNDER GONE BUT KIRAN IS AROUND WITH AN MBA , so he know that what I say is MBA 101 whether it is head of BP or Shell or BHP or RIO - only laymen dont know cos they are not aware what is involved
News this is music to my ears after all these years , thank you. It is also very interesting to hear about the train merger. We always thought Grupo Mexico would become involved as it is close by and has a railway company to service its own mines in the area. Are they involved in the merger I wonder .