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Part 2:
**** SONORA LITHIUM LTD [SLL] NPV ****
VENTANA [BCN 50% -GANFENG 50% ] - NPV $1 BILLION +
SONORA EL SAUZ - FLEUR [SLL]
REM 30% JV - BCN NOW 35% - GANFENG 35%
REM SCOPING STUDY 2014 OF EL SAUZ - FLEUR
NPV $2 BILLION +
[Independently commissioned and funded by REM @Lenigas, Chairman]
[Seeking Alpha said BCN did not commission a Scoping Study for El-Sauz-Fleur and that
it indicated that REM plc wanted to show the value of their JV]
****SONORA 250 YEARS OF MINE LIFE PER BCN****
NPV WOULD COME TO $ 1 0 . 2 4 BILLION for 250 year mine life [forecast hypothesis if one uses the REM scoping study 2014 of 50 years = $2 bn+ which is more conservative than Ventana 19 yrs =$1bn NPV just as an example ONLY to lend perspective ONLY.
--GANFENG - BCN, FEB 2021---
Ganfeng bought 50% of SLL at some $50m +.
It would or could imply that they paid 0.1 % [ ONE TENTH OF 1%] of the old In-The-Ground value of $50bn @REM AGM ?
If it is grossed up to 100% to see, it would be 0. 2 %.
[LITHIUM M & A- not seen in recent yrs by myself but usually in mining circles, it is usually5% or even less is around 2% in leaner years. BCN - As far as I can recall, there has been no valuation report for the sale of the 50% to[SLL]??? So, it would be of interest to read such a valuation for educational purposes and experience??
Page freezing so have to end and start Pt 3.
==="SONORA LITHIUM LTD [SLL]===
243.8 Mt
4.5 Mt Lithium Carbonate Equivalent [LCE]."
Ref: "Top 10 lithium mines based on reserves."-Mining Technology, 30 Aug 2019, Updated 4 Dec 2020.
[Note: Sonora Lithium Ltd refers to the Greater Sonora Lands of El-Sauz-Fleur in which REM has a 30% stake and BCN 35% and Ganfeng 35% due to the Feb 2021 Upgraded JV.]BACANORA
****BACANORA LITHIUM 7 JULY 2016 RNS*****
Refers to the upcoming DFS for Ventana [88% of 1st Stage mine feed] etc.
Therefore, the 4.5 Mt of Lithium Carbonate EQUIVALENT = VENTANA ONLY & NOTHING TO DO WITH REM plc? Mining Tech appears to mean Ventana for the 4.5Mt LCE also?
*****VALUE IN THE GROUND 2021 *****
4.5 Mt of LCE X US$13,000 [Fastmkts below dated 25.3.21 at mid-pt of $12,998-$13,752] ?
== U S $ 5 8 . 5 BILLION vs $50bn @REM AGM per 1 poster yonks ago.?
--**** SONORA LITHIUM LTD [SLL] 2 5 0 YEARS OF POTENTIAL LITHIUM*** ---
This is from the Bacanora Lithium Presentation and clearly stated.
Map shows Ventana [BCN] 19 years mine life.
Map shows EL SAUZ - FLEUR [SLL] - 50 years.
Rest means =1 8 1years.
How big is this? No 2 RANKED Thacker Pass , USA has a mine life of 46 years. PERSPECTIVE?
contd.
REM 2014 SCOPING STUDY ON EL-SAUZ - FLEUR, SONORA, MEXICO
NPV US$2.033 BILLION @8% DISCOUNT
My Comment:
Just realised that an UPDATED SCOPING STUDY could be done given the lithium carbonate prices have almost DOUBLED+ as at 26.3.21 vs 2014 Scoping Study price [see post below].
ALSO, THE SONORA EL-SAUZ-FLEUR BEING OPEN ON STRIKE AND AT DEPTH
- As DL, Chairman, REM plc said on 22 Dec 2014 RNS, there is "STILL SCOPE."
What Mr Lenigas said in 2014 has actually eventuated in 2019 as Sonora has indeed been RANKED NO 1 ON THE WORLD FOR LITHIUM DEPOSIT and hence why the ho ha over Sonora Lithium in Mexico per the news. Everyone is so fazed by this.
REM*S 30% JV SHARE OF EL-SAUZ-FLEUR SONORA LITHIUM LTD [SLL] COMES TO SOME US$677 MILLION. [idea of what 30% comes to?]
For the full project , the total NPV is US$2.033 BILLION.
As a perspective , this CAN PUT BOTH BACANORA*S VENTANA [88% of mine feed] + EMH*S CINOVEC in the shade in comparision given they both have some $1bn+ NPV EACH =$2bn+
----REM----
News, Sat 27 Mar 2021. DYOR Please check.
REM 30% JV OF SONORA SLL. - 35% BCN & 35% GANFENG [post Feb 2021 JV update]
--"-EL SAUZ - FLEUR SONORA [SLL] SCOPING STUDY : NPV US$ 2. 0 3 3 BILLION
discount rate of 8% & Lithium Carbonate price of US$6,500 per tonne.
Average total Cost of US$2,525 per tonne of LCE over a life of mine average.
OPERTIONAL CASH FLOW OF $233 MILLION PER YR.
2.75km long, 1.4 km wide & 400m wide.
Capital cost US$422m
Payback 3.3 yrs after tax & royalties."
David Lenigas, Chairman, REM plc: "Lithium deposit remains OPEN along STRIKE and at DEPTH and drilling continues on the 1/4 million acres to determine the FULL EXTENT OF LITHIUM MINERALISATION in the newly discovered SONORA clays. Potential to be ONE OF THE LARGEST LITHIUM CARBONATE PRODUCERS IN THE WORLD... Consequently, it is capable of GENERATING STRONG RETURNS FOR ALL ITS STAKEHOLDERS."
Taken from REM plc RNS, 22 Dec 2014.
---
LATEST LITHIUM CARBONATE PRICES:
"Ref: Global Lithium Wrap : Asian seaborne mkt firm on aggressive offers from China."
-Fastmarkets, 26 Mar 2021
"LITHIUM CARBONATE $12,998-$13,752 PER TONNE ON THUR, 25 Mar 2021]
[Battery grade 99.5%. "Highest in more than 2 1/2 yrs. OVERALL SUPPLY OF LITHIUM CARBONATE IS STILL TIGHT..."
My Comment:
I decided to counter-check and Seeking Alpha got the wrong figures for El Sauz - Fleur SONORA NPV.
I found the ORIGINAL REM RNS, 22 Dec 2014 and the NPV is US$2.033 BILLION.
From other places, REM plc COMMISSIONED THIS EL-SAUZ-FLEUR SCOPING STUDY WHICH WAS INDEPENDENTLY COMMISSIONED AND FUNDED BY REM PLC.
That appears very astute now, in Mar 2021 when the news in Mexico is all about SONORA lithium. As Mr Lenigas said in his RNS above, there is STILL SCOPE GIVEN THE DEPOSIT IS OPEN ON STRIKE AND AT DEPTH?
By the way, I also found a BCN RNS of 22 Dec 2014 and said it "commended" the independent study commissioned by REM plc but could not comment. BCN NEVER DID A SCOPING STUDY ON EL SAUZ-FLEUR nor commissioned a similar study.
PER THE INDEPENDENT REM PLC SCOPING STUDY: NPV $2.033 BILLION @8% discount
appears BIG compared to EMH & BCN*s VENTANA [88% of mine feed] at $1bn+ $1bn+.
I have NOT checked the exact NPV of EMH & BCN because they had several updates from recall?
---REM HAS 30% JV OF SONORA LITHIUM LTD [SLL] - EL SAUZ-FLEUR , SONORA---
[BCN*s stake is now 35% and Ganfeng 35% of SLL after the Feb 2021 JV update]
This is really useful now especially at this time-REM*s place at the table is now no longer 30% vs 70% BCN but almost equal to BCN*s 35% and Ganfeng 35%.
Please check.
News, 27 Mar 2021 [Sat]
Now, folks cant tell REM-KDNC to jog along as there has been an Independent Scoping Study done on the El-Sauz- Fleur SONORA concession for the benefit of REM plc shareholders and thanks to DL for his foresight or else there would be no idea of perceived or other "value" idea.
REM ISSUED A "EL SAUZ - FLEUR" SCOPING STUDY.
Ref: Seeking Alpha, 25.12.2014
https://twitter.com/DkOkenia/status/548412886927032320 26.12.2014
Quote from Seeking Alpha:
"Impressive El-Sauz-Fleur SCOPING STUDY - NPV $ 1. 1 2 4 BILLION."
Seeking Alpha said that the above scoping study was issued by REM plc :
"to indicate F U T U R E VALUE of this project to REM shareholders."
---
My Comment:
I just located this and so, it is helpful given SONORA Lithium Ltd [SLL] is in the news in Mexico.
Even Argentine is going on with its lithium and so is Bolivia. So, lithium is very much in the news.
REM*s 30% JV with SLL [Bacanora 35% Ganfeng 35% from BCN 70% prior to their JV update]
of NPV $1.124 BILLION is insightful given many want to know THE VALUE?
As a perspective, EMH*s Cinovec has an NPV of $1.10 BILLION & IRR 28.8%?
As a perspective, Bacanora Lithium has an NPV of $1.25 Billion & IRR 26.1%?
REM SCOPING STUDY: EL SAUZ-FLEUR NPV of $1.124 Billion.
27.3.2021
Degsie asked Kiran Mozaria , CEO of KDNC how much is the SONORA JV worth. I saw Degsie*s post on the main forum not so long ago. Degsie said that Mr Mozaria told him that its in the X year accounts of some $105 or $103m from recall? I dont have the exact figure as I did not take it down as a note. But Mr Mozaria said this is with the BCN stake.
REM 30% SONORA [SLL, Greater Sonora Lands]
DL is said to have commented that the REM 30% can be sold separately without BCN approval kinda of thing. I think I hear this years ago ie in the days of REM plc. This is in the agreement REM agreement? I do not have the notes with me or the reference to check as that is now more than yonks ago.
Point is: If the Mexican govt loves SONORA [SLL] with its 250 years of lithium potential, then maybe they could buy it or are interested in buying it???? REM is not mentioned in the recent news relating to "speculation of mining concessions" as from the Head of State, Mexico etc per the news 2 days ago. REM HAS NOT IN ANY WAY OR FORM SOLD THEIR CONCESSION SO HENCE NOT MENTIONED only the other party/ies per the Reuter article?
Bannor would like REM Sonora sold from his posts? If so, then maybe that would be what REM*ers want? Or KDNC*ers want? I dont know what is their latest views? Bannor I recall said he wanted $150m? So, the KDNC SONORA value has to be RE-VALUED ?
Of course, one needs to ask DL himself again given he signed the REM-BCN AGREEMENT ON SONORA [SLL]? Only he knows the ins and outs given he was in touch with Orr Ewing of BCN?
It was DL*s project and the SONORA LITHIUM was the project that was REM*s business from Day 1 after the reverse take-over of a shell.
Just to clarify - Sonora outcome @REM?
I cannot give warranty to what the fine print of the REM agreement as that has to be checked again?
Sat, 27 Mar 2021.
Sorry for typo*s - not sure why me becomes my?
So, let me repeat that REM*S 30% IS OF INTEREST [English understatement] if Mexican Head of State, govt, politicians, publications, press, elite etc are discussing it intensely.
BCN now only owns 35% of SONORA Greater Lands [my term] or SONORA LITHIUM LTD [SLL] and 35% to Ganfeng, post Revised JV. REM STILL OWNS 30%. That is why it is of interest. Mexico is talking about SLL. [BCN no longer own 70% of SLL vs REM 30%]. REM is in the official agreement - REM Mexico and signed by DL.
Sat, 27 Mar 2021. Kindly check [means DYOR]
Observer842
That is better- QUALIFY.
TIME FOR A FRANK DISCUSSION:
Ivybush has posted given others asked him for his comments. Ivybush ended his post below with: we have an excellent investment in our Sonora JV.
True, but what does it mean?
Well, for that reason I posted what is being discussed in Mexico, right up to the Head of State, govt, elite, press etc They are literally going quite ....given it was stated in their press that SONORA etc is 4 times their sovereign debt.
I dont know about BCN folks since they appear passive. My and Barksy1 are more active - yes, we take an interest and if it is quite critical, we let DL know via open Twitter.
DL takes an interest and will reply if he can or can move quickly and unlike quiet CEO*s/Chairman, one knows what is going on.
I have just been to Twitter and they are still on about SONORA and that is how hot a subject it is given that its turning heads from Head of State, Mexico, govt, politicians, director of press, press, elites etc over SONORA, yes the 243.8Mt Sonora, Ranked No 1.
Maybe, the answer to ivybush*s comment is that folks may not know what SONORA means even ranked No 1. If they did, I have not read it or missed it.
So, I now wait to see what the MEXICAN GOVT is going to do next? They said they have analysts on to it and politicians are discussing it. SP Angel has also commented etc. Secker also commented.
YAH, IT IS IMPORTANT - OUTCOME. YAH, IT IS ABOUT SONORA, not Ventana that they are only discussing , hence why I posted the video taken by the Director of Puenta via his visit. THIS IS GRABBING MEXICAN ATTENTION HENCE WHY MANY JOURNO*S HAVE POSTED STILLS OF SONORA, VIDEO*S & PICS OF VENTANA BEING CLEAR UP.
So, yeah, 30% REM JV SONORA GREATER LANDS IS IN THE NEWS IN A BIG WAY.
So, yes, WE NEED TO KNOW.
Sat, 27 Mar 2021.
LoL scratch that. If it was you that concluded: "----So, Sonora*s lithium is MORE THAN 10 TIMES vs Bolivia*s ENTIRE country*s lithium----", then I am saying you've got that the wrong way round... :-)
LoL @news. I'm not saying that YOU are wrong, I am saying that some of the reports are misinformed. Trust me...
Hello @Observer842
Kindly note that it is a tweet from 2 Mexicans, one a Director.
Like it or not, MEXICO quotes 243 Million tons.
MINING TECHNOLOGY
10 LARGEST LITHIUM MINES [2019] also quotes:
243.8 Mt SONORA LITHIUM - NO 1 RANKED [see my link at 12:14 today below].
If you have any dispute, then I have provided the link to their tweets, so kindly tweet to the Director of Puenta and the other Mexican that they are WRONG. So, too are tons of Mexican press on SONORA. Oh, the HEAD OF STATE AND HEAD OF STATE BOLIVIA MUST ALSO HAVE GOT IT WRONG?
Sorry Observer842, this must be 1 of those days again. I posted 3rd party info - I DID NOT GENERATE IT AS MY ORIGINAL IE FROM MYSELF.
Appears you disagree on Mexican press about everything today LoL.
Back to square 1 again.
How about giving us some research so that I can enjoy instead of posting?
Then, I can correct but that is not my nature to do so.
Sat 27 Mar 2021.
Hello @news. I thought I'd point out that some commentators appear not to be comparing apples with apples. The 243.9Mt is the weight of the ore reserves containing the lithium. The LCE contained in this ore is 4.5Mt. Take a look at: https://www.cadenceminerals.com/projects/sonora-lithium-project/
As to Bolivia? My go to source is the USGS
https://pubs.usgs.gov/periodicals/mcs2021/mcs2021-lithium.pdf
===[
Lithium resources are Bolivia, 21 million tons
]===
Since the USGS reports in Lithium weight not lithium carbonate equivalent that figures needs to be multiplied by 5.323:
21Mt * 5.323 = 112Mt LCE of resources - compared with Mexico:
https://pubs.usgs.gov/periodicals/mcs2021/mcs2021-lithium.pdf
===[
Mexico, 1.7 million tons
]===
1.7Mt * 5.323 = 9Mt
which is presumably the (rounded) 8.8Mt of Sonora resources.
I hope that helps with the comparisons!
Ob.
What is all the FUSS about?
"MEXICO EYES BIGGER ROLE IN LITHIUM INDUSTRY: SEES SPECULATION IN MINING CONCESSIONS."- 26 Mar 2021. [Reuters etc]
https://twitter.com/miningcom/status/1375356109863591936
[Article mentions that the Head of State of Bolivia has gone to Mexico to meet their Head of State relating to Bolivia lithium and recent political event. Bacanora-Gangfeng*s 22.5% increase to 50% stake in SONORA also mentioned in the article as asked by their Mexican press. ]
----
SONORA, MEXICO VS BOLIVIA PERSPECTIVE - lithium :
"We dont have to go far to get lithium. Mexico CONFIRMS it has 2 4 3 MILLION tons in lithium reserves in the North State of SONORA.
Put it in perspective, BOLIVIA has been the MAIN POWER with its 2 1 million tons of lithium reserves." [Embedded in this tweet is the ref for the 243 million tons of lithium in Mexico SONORA.] https://twitter.com/Greg_Alvarez/status/120529003895857159 [2019]
----So, Sonora*s lithium is MORE THAN 10 TIMES vs Bolivia*s ENTIRE country*s lithium----
LUIS ALBERTO MEDINA [Verified Twitter A/c with Blue Tick]
Director, ProyectoPuente https://twitter.com/elalbertomedina/status/1374710543005614080
"THIS IS WHERE BACANORA LITHIUM CO WILL EXTRACT THE DEPOSIT OF 243 MILLION TONS OF LITHIUM IN BACADEHUACHI, SONORA." Tweet dated 24 Mar 2021
"Puente...VISITED THE AREA." Video is security marked with the Puente logo.
[VIDEO SHOWING SONORA AND RUNNING COMMENTARY OF 243M TONS OF LITHIUM].
Also, pics showing Ventana Ranch, BCN being cleared up in Sonora, Mexico. Open tweet to see]
---IN SHORT, THE PUBLICITY ON SONORA RUNS INTO LOADS OF TWEETS FROM JOURNO*S, PUBLICATIONS ETC. WHY? MEXICAN GOVT, HEAD OF STATE, ELITES ETC ARE NOW COGNISANT THAT SONORA [YES, THE REM-BCN SONORA] LITHIUM PROJECT HOLDS THE 243 Million Tonnes of lithium, RANKED NO 1 IN THE WORLD. NO 1.
Ah, REM is not named in the publicity, about the speculation concessions as above , only BCN-Ganfeng as above ie in the Reuters, Mining.com article which is basically from Reuters of 26.3.21.
So, the history of SONORA LITHIUM.
Ah yes, that*s under REM Plc under the original JV contract with BCN [see earlier post below, also today]
Sat, 27 Mar 2021.
If the whole picture is not posted, then what does 243 Million tonnes of lithium in Sonora mean? It has to have a perspective to another lithium country*s reserves ie Bolivia.
That is why SONORA is making the news, lets say. Also read what ivybush said in the post below.
Thanks to Observer842 for mentioning the SONORA LITHIUM LTD [SLL] JV BCN GANFENG*S LATEST 2021 JV UPDATE ie from 22.5% to 50% and by extension Sonora Greater Lands or so to speak is now REM 30%, BCN 35% and Ganfeng 35%. See post below with links, also today.
That summarises what*s all the news about Sonora is about.
News out today, 22 hrs ago, Sat 27 Mar 2021 about Core Lithium: Finnis Lithium project, Northern Territory, Australia.
[Link is in my post below, also today re: Seeking Alpha, Lithium Juniors for Mar 2021]
"CORE LITHIUM - AUSTRALIA
FINNIS LITHIUM PROJECT, NT, AUSTRALIA
"Core Lithium has entered into an OPTION agreement to acquire 6 granted MINERAL LEASES
A D J A C E N T to Finnis project, NT, Australia. Previous work identified HIGH LITHIUM GRADES, potential for near surface..."
"FEDERAL GOVT has given M A J O R project status to the Finnish lithium project."
---
KDNC LITCHFIELD, NT, AUSTRALIA 24% earn in up to 100%
"The Litchfield project [licence granted] , located near Dawin [NT] is C O N T I GUOUS
to Core Lithium*s [ASX] ground...for its Finnis project [for all 6 deposits].
https://www.cadenceminerals.com/projects/It-Is/
----
Kiran Mozaria, CEO, KDNC in his latest video interview [on KDNC Twitter feed], he said that Finnis [Core Lithium] is Australia*s next lithium producer.
I had posted much earlier that Core raised $40m with international institutions and was looking to buy into NEARBY licences. The above is therefore the results of their statement which was also in their RNS/ANN.
Finnis is Australia*s LOWEST cost next lithium producer and HIGHEST GRADE. It is also close to Darwin port and ease to ship to Asia. Core*s OFF-TAKE partner is a supplier to TESLA [see Seeking Alpha article below this post for the link].
Finnis *s capex is also very low - from recall $50-80m?
All details can be checked on Twitter under Core Lithium for latest news.
--
Sat, 27 Mar 2021.
That covers KDNC*s lithium projects [Sonora, Litchfield]
***SONORA LITHIUM LTD [Bacanora & Ganfeng Revised JV]-26.2.21***
"As of 26 Feb 2021, Ganfeng completed its option to INCREASE its stake in SONORA LITHIUM LTD [SLL] from 22.5% TO 50%. On completion of the transaction, a revised JV agreement came into force whereby each party is responsible for their portion of project CAPEX."
https://seekingalpha.com/article/4416237-lithium-junior-mining-news-for-month-of-march-2021 22 hrs ago, Sat, 27 Mar 2021
---
***SONORA LITHIUM LTD [SLL]- Prior to the Revised JV as above.*****
"is the operational HOLDING co for SONORA Lithium Project and owns 100% of Ventana Concession -88% of mined ore feed Feasibility Study, 19 yrs."
"10 mining concessions areas covering 100,000 hectares in Sonora, Mexico. 7 of these mining concessions are included in SONORA Feasibility Study 2018."
https://www.bacanoralithium.com/projects/sonora-lithium/
<><>" Sonora Lithium Ltd ALSO OWNS 70% OF EL SAUZ & FLEUR which are held by Mexalit SA de CV." <><>
POST REVISED GANFENG & BCN JOINT VENTURE, 26 FEB 2021
The 70% of El Sauz & Fleur previously owned by Bacanora Lithium [BCN] has by extension of the revised JV means that BCN NO LONGER OWNS 70% but 35% and Ganfeng 35%. Why? Ganfeng now owns 50% of Sonora Lithium Ltd [SLL].
---EFFECTIVELY, REM OWNS 30% OF MEXALIT, SONORA-----
BCN OWNS 35% OF MEXAILIT, SONORA
GANFENG OWNS 35% OF MEXALIT, SONORA
[Stage 1 production Sonora Lithium, Mexico is forecast to start production 2023 with Ganfeng -BCN JV at VENTANA, Sonora - 88% of mine feed, 19 yrs].
========REM OWNS 30%, SONORA [not Ventana 88%]==========
REM plc is used as that is in the original agreement with DL Chairman signing the agreement for REM. In Bacanora*s presentation, the map [50 years shaded part of Mexalit + unshaded part] lists BCN-REM. So, that is official . Per Observer842, REM*s 30% stake is held still currently by REM MEXICO?
--***SONORA LITHIUM, MEXICO : RANKED NO 1 IN THE WORLD--****
"243.8Mt." BCN*s presentation said 250 years of potential mine life.
BCN Mkt Cap £138m @42p. KDNC [New name for REM], Mkt Cap £28m @19p.
No 2 ranked: Thacker Pass, USA
46 yr mine life
Owned 100% by Lithium Americas, Mkt Cap: $2bn+ [also owns Cauhari JV 49%]
https://www.mining-technology.com/features/top-ten-lithium-mines/ 30.8.2019
---
Why post the above? Folks can say, we knew all this? Folks may not have realised that post revised SLL JV BCN-Ganfeng, 50% 50%, it means that GANFENG ALSO OWN 50% OF SLL, THE HOLDING CO FOR ALSO MEXALIT and therefore BCN*s holding of previous 70% as above is NOW 35%.
HENCE, REM*s [renamed Cadence Minerals, KDNC] 30% vs 35% BCN & 35 % GANFENG [previous 70% BCN].
SONORA LITHIUM IS NOW IN THE NEWS IN MEXICO [not just Ventana].
-Folks now know its is the LARGEST lithium in the world.
Head of State, Mexico talking about Mexican lithium and SONORA lithium mentioned in the news on 25.3.21 [Reuters].
Posting to add to Ivybush*s post below abou
I have been asked to comment on REM/KDNC involvement in Sonora jv's. Having first purchased
kdnc in [I think] 2016 my knowledge of the earlier transactions is only gleaned from posters on this
and the other kdnc site. I therefore bow to greater knowledge and thank you all for the background
information. Most helpful and enlightening.
However, I do take a macro economic view in relation to our jv developments in that it is, today, clearly
obvious, that delivery of future clean energy worldwide will necessitate greater use of battery power
and thus lithium.
As for Sonora, subsequent to Ganfeng committing themselves to a substantial capex, it seems to me to be
in their best interests to move ahead as quickly as possible to expand production to 50,000 tonnes p.a.
as has already been suggested. This imv would have to involve our jv's.
Now whether kdnc wishes to assist in funding this would be another question, but nevertheless any
formal announcement from BCN/Ganfeng on such a proposal would have a material effect on value.
Hence my optimism, with some puzzlement why the market is discounting this move, viz, present sp.
The current flag waving by Mexico Gov will end in a pragmatic agreement imv. The Mexican economy
needs BCN [and other mineral exporters] to be successful. Any nationalisation move would immediately
affect inward investment to the detriment of all concerned.
So, in summary, we have an excellent investment in our Sonora jv's which are seriously undervalued.
announcement
That*s fine Dallasdaz.
All good.
On Twitter, they are all going ga ga over this TESLA NEWS FROM MEXICO reBCN-Ganfang sending the Sonora lithium to TESLA-USA.
vs REM plc -BCN 1st big contract was to TESLA-USA.
To everyone, its been so stunning. Even DL is stunned LoL.
So, I think we all need a strong cup of black tea.
All good - thanks Dallasdaz and Observer842 - all clear now. I am just reading Twitter and all the responses to the Mexican story - EVERYONE IS VERY PLEASED AND POSITIVE.
Thur, 25 Mar 2021.
Could have said financed JV1 + JV2 lol. Sonora lithium is the holding company for all 10 concessions.
Apologies for the cross wires @News.
Yes, Observer842.
That I will agree with-your last post @21:31, Thur 25 Mar 2021.
To me, to be part of the world No 1 lithium deposit at Sonora and its history is really something that is of interest.
Barksy1 was also in REM plc from the early days, so was Phalen etc.
No one was disputing each other-such goodwill existed.
So, for us, at least, it is something that is so rewarding ie to have been on the drilling and understanding exploration which has stood me in good stead when it came to the next exploration play. A big learning curve for all of us.
So, thank you.
News, 25 Mar 2021 [Thur]
Dont talk about me, the WHOLE OF THE MEXICAN GOVT INCLUDING THE HEAD OF GOVT PLUS PRESS CAN GET THEIR HEADS OVER WORLD*S NO 1 LITHIUM DEPOSIT IS IN MEXICO.
That is why I said to read about BOLIVIA the day before. Today, in conjunction with MEXICO, REUTERS COVER THE MEXICO SONORA STORY WITH BOLIVIA and what the Head said.
An Over-T, FOR LITHIUM-that*s in the Reuters story of today.
Then came the SHOCKING REVELATION THAT THE SONORA LITHIUM IS NOW GOING TO THE USA - TO TESLA. That I did not know nor did DL? It was said that Sonora lithium was going to China and Asia - BCN*s CEO said that on Crux Inv video interview, 3 wks ago.
So, the MEXICAN ARTICLE in Mexican was sent to DL and that*s how he responded to this new article from Mexico out today.
WHY DID DL GO TO TESLA IN THE USA AND POSTED A PICTURE OF HIM IN THE TESLA FACTORY under REM plc?
Then came the news that BCN [REM] signed an agreement with TESLA. THAT SHOCKED EVERYONE IN THE PRESS AS WELL as in surprise as no one managed to get that type of contract from Tesla. I think another co was also in the frame but I did not pay attention to this other story at the time.
Everyone at REM plc just went ga ga and it was a wild time with the news about Tesla. When it was cancelled or did not go ahead, everyone as in folks got really confused and then.....
NOW, OF COURSE WE KNOW WHAT HAPPENED.
ITS FROM DL HIMSELF ON WHAT HAPPENED AND OF COURSE SHOCKING TODAY THAT SONORA LITHIUM WILL GO TO USA -TESLA!!??
So, there were never any PICS OF BCN GOING TO TESLA FACTORY TO MEET ELON OR THE EXECUTIVES TO GET THE CONTRACT WITH TESLA. So, what can one think except that REM PLAYED A ROLE IN THE SONORA STORY?
Nothing wrong with that-that*s history that cant be wiped out?
Thanks.
Thur, 25 Mar 2021
Evening @Dallas. I think it depends on what lens you read the words through: @news. "Mr Lenigas, former Chairman of REM plc who financed the Sonora lithium drilling otherwise Sonora lithium would not exist today".
As you know @news has no ill intent and is enthusiastic as the next person about the Sonora lithium project - he's one of the good guys. So my understanding of that statement was that it his belief that if REM had not funded the drilling of the Sonora JV's then Sonora would not exist today ... in its current form.
We are all friends here. Let's try our best to get along! ;-)
Ob.
Observer842,
REM plc - we were NEVER TOLD even then on London South East REM PLC forum via RNS that REM FUNDED VENTANA.
Its OBVIOUS REM *S 30% EQUITY MEANS THAT IT IS THE GREATER JV LANDS - this is what the 30% JV stake relates to.
IF THIS WAS NOT FUNDED BY REM, then what part of SONORA would not exists ie the 50% part?
What has Ventana to do with REM plc?
My goodness, that*s all I can say.
Lastly, we are part of REM plc with David Lenigas as Chairman.
There was a shell that D.Lenigas reversed into and renamed it REM plc.
The BUSINESS that REM plc EMBARKED ON WAS SONORA.
Us on the London South East REM plc forum saw the initial REM FUNDING RNS at the time.
What was it for? SONORA DRILLING.
Everything was SONORA, SONORA.
I posted the results RNS below.
So, if folks NOW say its NOT REM PLC AND SONORA, that* fine - each to their own.
Money Week and MIDAS, Mail Online tipped REM plc in 2014, latter I have posted links to including Money Week now.
So, if we, in the co of REM and now KDNC have to dispute, then what can be the reason to go on and on and on?
Well, is there goodwill, a sense of common purpose or is it to dispute so that News is wrong and X is right etc.
Is it to RUB OUT REM plc from the HISTORY OF SONORA?
I dont know and I am not sure why this topic has to even go on and on?
For me and all the other old timers like pension pot were there ie LONDON SOUTH EAST REM PLC. If I did see your names on the REM plc forum in 2013, that*s is different but I never saw any of your names.
:So, I take my leave and ta ta.
Cant go on and on over something in 2013?
News, Thur 25 Mar 2021.
I note that its hours now and its still on the same subject. SO MUCH TO LOOK FORWARD TO AS SONORA COMES ON STREAM AND REM PLC*S 30% JV CAN ONLY BE POSITIVE FOR SHAREHOLDERS? THAT IS THE IMPORTANT THING - REM* S 30% IS PART OF SONORA, NO 1 RANKED RE; GREATER SONORA LANDS.
Evening @Obs, delightfully put and factual ;-)
I just didn't understand @News statement...
"Mr Lenigas, former Chairman of REM plc who financed the Sonora lithium drilling otherwise Sonora lithium would not exist today".
Hello @news (and @Dallas) I think you are misunderstanding the history of Sonora which @Dallas is kindly trying to explain to you. BCN funded the drilling of their 100% area La Ventana before REM was on the scene. Then REM came along and funded the drilling on the JV areas for which we could then get 30% ownership of the JV (actually up to 49% but we declined). Is this what you are trying to explain @Dallas? Please forgive me if not!
PS.
When one talks of SONORA, it depends on what one means by Sonora.
I leave it there.