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http://www.sedar.com/DisplayCompanyDocuments.do?lang=EN&issuerNo=00027876
=== The Feasibility Study is ongoing and the company continues to focus on reagent costs and consumption, specifically energy and hydrometallurgical plant consumables As a result of this continued focus, on December 19, 2016, the Company announced that it will take longer than originally anticipated to complete the Feasibility Study and that it is now expected to be completed in late summer of 2017. === Late...
yes obsever842, likely to be perceived as negative (certainly to me) I posted this last Wednesday: ~~~~~~~ I noticed in Peter Secker's interview yesterday he suggests the 'Bankable Feasibility Study' will be completed around Q3, I did email asking whether the Off-take announcement is due in Q1 and received a reply more or less saying refer to the updates and press releases. So in tandem suggests at the same time: As part of this, the Company is delivering a strategy to optimise the projects operating costs and energy requirements given the continued strengthening in reagent input costs. With this in mind, the Company now believes it will take longer than originally anticipated to ensure that the optimum energy supply for the kiln is selected, and therefore the FS is now expected to be completed in the summer of 2017. Rising costs are relevant to all Bacanora's peers, and importantly, are being experienced in tandem with a rise in lithium carbonate pricing. Bacanora Executive Chairman Mark Hohnen said, "Securing an offtake partner is a key component in our strategy to commercialise our large scale, long life lithium deposit at Sonora. We are therefore encouraged by these advanced discussions which, in our view, provide third party validation of the processing route we have put in place at our pilot plant, where battery grade lithium carbonate has been produced continuously for over six months. In tandem with securing an offtake partner, work continues on our FS to minimize any impact on our development schedule. With the completion of the FS in 2017, the year ahead is anticipated to be a transformational one for Bacanora, characterised by the development of this world class asset." Down to interpretation? I hope it's not Q3 because that will be a full year delay. ~~~~~~ Not that encouraging, IMHO
We need to move on them imo, night!
Meanwhile.....returning from planet 'painfully slow' back on planet normal speed we're all getting older & personally I'm becoming very grateful we're not wholly reliant on BCN to provide some forward momentum.... I've as much chance of pushing up daisies as enjoying any value they'll provide at the speed BCN are moving....... don't need the BFS to announce off-takers but I suspect we'll have to wait anyways....
RTO needed asap give then a kick up the asss. Maybe KM left to progress other assets and leave BCN to it .... something got to change soon. No wonder they tried a RTO BCN are very very slow