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Hastings Technology Metals Ltd (ASX:HAS) Bulk Ore Sorting Trial Shows Outstanding Results

https://www.abnnewswire.net/press/en/99741/article.html

Any value from Zinnwald would benefit BCN.

All the negativity is undermining share price. Be positive. EMH has done a deal with CEZ – 70% owned by government- that ensures the project will proceed to completion. There is no doubt that CEZ has done a good deal but at the current market cap of £29m EMH is substantially undervalued. The NPV of Cinovec is $1.108b and that is after applying a discount of 8%pa and is based on only 9.3% of the indicated mineral resource and a mine life of 21 years. Lots of value for all parties,

There are positives for shareholders to consider with this deal that go beyond a simple examination of the deals valuation, including: it would de-risk the remaining 49% interest in the project financially while final studies are completed during a financially challenging market; the deal would bring synergies with the Czech Republic Government, which holds a 70% in CEZ Group, de-risking the project from a geo-political perspective; and having a major strategic partner with experience of completing major projects and could help fund and source funding for the development of the mine, would de-risk the construction of the mine.

The big plus is that the deal guarantees that Cinovec will proceed to the benefit of all parties. The political uncertaintity is ended.

EMH has 50% of an asset with a NPV of $1.108b and the uncertainty about the viability has been removed. Market cap of EMH does not change as CEZ is investing in Geomet. This is a win win deal for both EMH and CZE.

Extract from RNS issued on Nov 11th.
The recent 29.99% equity investment by Ganfeng Lithium and their 22.5% investment at the project level, in combination with a combined 100% off-take held by Ganfeng and Hanwa Corporation ('Hanwa') for Stage 1 production of 17,500 tonnes per annum of lithium products at the Project demonstrates the strong support that both these cornerstone investors have shown in Sonora. Combined, Ganfeng and Hanwa have a see-through ownership of more than 50% of Sonora. In the last 18 months, Bacanora has already secured a US$150 million debt facility with RK Mine Finance and continues to explore additional sources of project funding. The 22.5% project investment and 29.99% equity investment from Ganfeng, in addition to ongoing support from Bacanora's other shareholders and off-takers, ensures a very solid position for finalising the project funding stage of the Sonora development.
The Company had US$40 million of cash at the end of October 2019, which will enable Bacanora to commence the bulk earthworks on site in H1 2020 and start to upgrade the primary access road to site. The Company will also be able to use part of these funds to place the initial orders for some of the longest lead-time items in the concentrator, pyrometallurgy and hydrometallurgy sections of the lithium plant.

I posted this yesterday. It explains the 500m.
At the 2018 AGM there was resolution giving authority to issue 500m shares . That expires at this AGM so it isjust a replacement of that authority. I do not think anywhere that number will have to be issued to bridge funding gap. The NPV of Sonora is $1.25b and Zinnwald is Euros 428m .

Mr C . Stop the pain , sell and go away.

I realise what AIM is. There are winners and losers . I bought ASOS at 10p but did not keep until the price reached £77. I think BCN is great value - I am in profit- and I do not understand all the moaning about Peter Secker. His presentations are a little wooden and , unfortunately, because of all rules and regs he has to be careful about what he says. Financing of small mines has become difficult and the lithium market has had a recession but demand in future will ensure rising prices-I MO. The deal with Ganfeng insures future and although there will almost certainly be some dilution the is a lot of value for all shareholders. The NPV of $1.25B is after discounting the gross NPV of $3.4b by 8% for 12 years so the passing of time will see substantial growth. Have a look of at page 221 of report at link below.
https://www.bacanoralithium.com/pdfs/Bacanora-FS-Technical-Report-25-01-2018.pdf
And don't forget Zinnwald.

And of course UBER is not safe .

Mr C. You bewilder me. You constantly complain about BCN and KDNC and AIM shares generally. You'd be happier if you sold them and bought UBER, Spotify or other safer shares.

At the 2018 AGM there was resolution giving authority to issue 500m shares . That expires at this AGM so it isjust a replacement of that authority. I do not think anywhere that number will have to be issued to bridge funding gap. The NPV of Sonora is $1.25b and Zinnwald is Euros 428m .

https://www.proactiveinvestors.com.au/companies/news/907144/macarthur-minerals-attracts-pre-listing-buy-recommendation-and-6-month-price-target-of-43-cents-907144.html

Macarthur Minerals Limited (CVE:MMS) (ASX:MIO proposed) has attracted strong interest in its proposal to list on the ASX and this is supported by a buy recommendation from Breakaway Research along with a 6-month price target of 43 cents.

KDNC has deposited the initial $2.5m re Amapa so no need to raise capital immediately,

Do we know date of AGM?

Ireland has placed a value on 30% share of Sonora JV of £21.5m and has discounted this by 80% to include £4.3m in its recent report. The figure for Yangibana is £18.5m discounted by 90% to £1.2m. As Irelands are brokers to KDNC the values were probably approved by KDNC.

MikG . A very good appraisal of where BCN is. I believe the company is substantially undervalued. Apart from Sonora there is the potential of Zinnwald and the possibility of realising value by finding partners.
See below from Annual Report.
Peter Secker, CEO, of Bacanora Lithium, commented: "The securing of the strategic investment from top tier lithium company Ganfeng Lithium, the advancement of the Sonora Project in Mexico to construction-ready status and the completion of a feasibility study for a high-value lithium operation at our Zinnwald Project in Germany, all are stand-out milestones achieved during the year under review. All provide Bacanora with a strong platform from which we can build on in the year ahead and, in the process, deliver on our objective of becoming a leading supplier of high-value lithium products to fast-growing industries, such as electric vehicles and energy storage.

With partners of the calibre of Ganfeng and leading battery metals trading house Hanwa in place providing valuable validation, we are confident we will soon be in a position to finalise the financing package for the Sonora Project and move on to the 24-month construction phase. With the feasibility study completed for Zinnwald and the option to acquire the outstanding 50% interest in the project extended, we are advancing discussions with potential partners at the project level to take this project forward. Today, we have two high-value lithium projects with a combined NPV of over US$1.7 billion at the funding stage and we are focused on advancing these to the construction stage at the earliest opportunity. With this in mind, I look forward to providing further updates on our progress during what promises to be an exciting year."

Disclaimer
In our roles as Research Analysts for VSA Capital Limited. we hereby certify that the views about the companies and their securities discussed in this report are accurately expressed and that we have not received and will not receive direct or indirect compensation in exchange for expressing specific recommendations or views in this report.

VSA reiterate Buy recommendation and 114p target price .

The following extract from RNS issued by BCN today states that La Ventana accounts for 88% of mined ore feed. That must mean that share of JV owned by KDNc must account for 12%. What is value of JV to KDNC??
“ Sonora Lithium ltd ("SLL") is the operational holding company for the Sonora Lithium Project and owns 100% of the La Ventana concession. The La Ventana concession accounts for 88% of the mined ore feed in the Sonora Feasibility Study which covers the initial 19 years of the project mine life. SLL is owned 77.5% by Bacanora and 22.5% by Ganfeng Lithium Ltd. SLL also owns 70% of the El Sauz and Fleur concessions, which are held by Mexilit S.A. de C.V. ('Mexilit').“