Member Info for addicknt

Earthling, preliminary mine plan assessment. Although I guess the metallurgy will also affect cost.
Everlong, absolutely. All projects involving significant capex change almost on a daily basis, although in my experience they never come down in cost.

Surely we have entered the Sausage and Roll pattern? - otherwise known as the Frankfurter Syndrome.
The indicators are; investors buy-in because it looks appealing. They buy and then realise it's very messy and leaves them feeling somewhat queasy.

I'm not so sure.
The PEA is a separate issue from government regs and should be issued the moment it's available.
My money remains on two possibilities: 1) the cost elements initially came in at a higher figure than anticipated and are being re-examined with alternatives being looked at (this has been hinted at), and 2) there is indeed something going on at a corporate level (although I'm not sure that should delay the PEA)
I also think we'll see an updated resource figure included, which will mitigate the extra costs. Mind you, I have no doubt the model can be adjusted within seconds, so I'm not sure it would take long to add more resource to the equation.
Conclusion? Number 1.

Well, if it comes down to meat products, can I stick to a good Lincolnshire banger, please?

Fuku, I bet you we ordinary shareholders will not get any shares in newco. It is far too costly and complex and PS will argue, quite rightly, that the value for current shareholders will be accrued via their continued holding in BCN. Provided newco actually is a publicly listed company, and it may not be, should we wish, we will be able to buy shares in the market.
So, what's the bet? A new Aston? Or a reasonable bottle of chianti?

Regardless of what form the spin-off will take, I'm wholly in favour of it.
PS simply doesn't have the bandwidth to cope with two development companies and I'd like to see a new and dynamic team take over the running on Zinnwald.

The shares in Zinnwald plc (or whatever it will be called) will be held by Bacanora Lithium plc. But there will be no "proceeds", as BCN will not be selling for cash. In effect, it will be a share swap with new investors coming on board as shareholders in Zinn.
So, just to be clear; ZInnwalds shareholders will be BCN plc and whoever else is brought on board to provide equity funding for the development.
One thing I can guarantee, there will not be any "tax free" distribution of cash to BCN shareholders as a result of the proposed transaction. There will be no cash coming out of either of these companies until such time as they are producing and creating distributable reserves; assuming they are not bought-out beforehand.

"given no value is currently attributed to Sonora"...what on earth are you talking about? It is the ONLY thing which is attributed some value.
And, shareholders will not get a "hefty tax free dividend" after the spin-off.
You appear to be very confused about this company.

PD, I wouldn't bet on it.
For years this page suffered far fewer nonsensical posts than most; mainly due to the fact the sp rarely moved and there was only about five of us who posted regularly. Life has now changed.
Anyway, I wouldn't want to be out of this over the weekend and I really, really can't wait for Wall Street to open.

Who has "paid" £5bn? No one.

The market DOES care about that. Very much.
This is the announcement of the HoT, and it's very interesting. However, it is not a signed deal and the terms will have to be negotiated; in other words, there is uncertainty as to what it will eventually look like. The there's the minor issue of funding. If you want to understand how the issue of uncertainty affects matters, look at SXX and BCN.
None of this is to say that this isn't a really very interesting situation, simply that there are various bridges to cross and it will take time.

Is your expectation based upon the fact your budgie is standing on it's head whistling Waltzing Matilda; or perhaps some less scientific reason?

have just announced a further $300m investment in their Resolution copper prospect in the US. This is a jv with BHP, who have an obligation to match fund.

He is very good on the many shysters who inhabit the junior exploration space. I imagine all of us have been burnt at least once by one of these crooks.
As far as Mather is concerned, it's pretty obvious that their animus is based upon the fact that they both have huge egos. It's also obvious that he thinks we are trying to get Cornerstone on the cheap and he isn't going to play ball.

does anyone have a view/expectation of what the NPV might look like? Or, simply an updated overall asset value for Cascabel?

Jerry, I'm absolutely with you on the downside risk and, as you may recall, I've been banging-on about the political risk for some time (my fears were greatly assuaged by the local election results in our area)
I also agree with virtually everything else you've said, particularly with regard to CGP; which, to my mind, is a waste of time, money and effort. But I do understand why Mather doesn't want a potentially hostile owner of those shares (whereas I do)
The lack of newsflow from a once prolific issuer of announcements, is baffling. Historically, I have always subscribed to the opinion that bad news always takes time to emerge...it's such a natural human instinct for people not to want to release it...and they are ALWAYS wrong not to do so. However, in this instance it seems to me the macro picture is just too compelling and perhaps we should simply take Mathers explanation at face value. Additionally, virtually every time one reads an article by those involved in the sector, they never fail to stress the M&A aspects of this situation.
Anyway, who knows? For me, this remains a very exciting prospect.

Jerry, I think you are correct with regards to the company being "forced" to release this news. Although, I can't come to a rational conclusion as to why this should be the case.
However, I don't share your pessimism. This asset just keeps getting bigger and bigger and despite the fact that the delayed PEA and or other news is frustrating, it is always worth reminding yourself why you invested and what it is we are sitting on. Things take time, particularly in the resource sector, but don't lose sight of the end game.

Great to see further progress and that this asset continues to expand.
I suppose the question is, will these results be included in the PEA and does this partially explain the delay? Given that the drilling campaign is ongoing, at what point does the company draw the line and go firm on the numbers?

There has been, but it's age related.

"Bend over John Bull. Take it like a man".