Member Info for degsie

Oil use by cars to peak in 7 years as more electric vehicles hit the road

The Northern Territory has installed “one of the largest grid-connected energy storage solutions in Australia”, providing further evidence of growing demand for battery metals.
The $8.3 million 5MW battery system was installed in Alice Springs to support greater supply of solar power to homes.

https://stockhead.com.au/resources/australia-steps-up-the-pace-in-battery-energy-storage-race/?utm_medium=email&utm_campaign=Stockhead%20Morning%20Newsletter%20Mon%20Nov%2012%202018&utm_content=Stockhead%20Morning%20Newsletter%20Mon%20Nov%2012%202018+CID_62eb354839954f0cf2d70bb7ca3c3230&utm_source=Campaign%20Monitor&utm_term=Australia%20steps%20up%20the%20pace%20in%20battery%20energy%20storage%20race

Lithium market 'problematic' on project delays, executive says.
http://www.autonews.com/article/20181107/OEM10/181109832/lithium-market-problematic-on-project-delays-executive-says

The lithium industry’s struggle to match booming demand for the rechargeable-battery ingredient is “problematic” and will further tighten the market, according to a top lithium industry executive.

“It’s almost impossible for me to see a meaningful decrease” in lithium prices, Livent Corp. Chief Executive Officer Paul Graves said in a telephone interview Tuesday after the company presented quarterly earnings. “Whenever you have less supply than expected, it will create more tightness.”

bought on Friday and Monday. I wonder why?

The RNS issued by BCN on Oct 26th was very reassuring. I show below Peter Secker's comment in RNS.
"The progress being made at Zinnwald, together with the US$1.25 billion valuation assigned by the December 2017 FS to our Sonora project in Mexico, highlight the huge disconnect that has opened up between Bacanora's current US$55million market capitalisation and the underlying fundamental value of our lithium assets. The valuation anomaly is arguably far wider than the figures suggest when full account is taken of Bacanora's status as one of the few pure play and publicly traded developers of what is a critical battery technology metal. With advanced discussions ongoing with potential funders, both at the corporate and project level, for the outstanding finance required to commence the construction phase of an initial 17,500 lithium carbonate operation at Sonora, and excellent progress being made at Zinnwald, we are confident this valuation anomaly will soon begin to close.

I suggest you read RNS issued on Oct 26th in particular the comment by CEO Peter Secker.
"The progress being made at Zinnwald, together with the US$1.25 billion valuation assigned by the December 2017 FS to our Sonora project in Mexico, highlight the huge disconnect that has opened up between Bacanora's current US$55million market capitalisation and the underlying fundamental value of our lithium assets. The valuation anomaly is arguably far wider than the figures suggest when full account is taken of Bacanora's status as one of the few pure play and publicly traded developers of what is a critical battery technology metal. With advanced discussions ongoing with potential funders, both at the corporate and project level, for the outstanding finance required to commence the construction phase of an initial 17,500 lithium carbonate operation at Sonora, and excellent progress being made at Zinnwald, we are confident this valuation anomaly will soon begin to close.

With two excellent assets BCN is very attractive takeover target.

https://investingnews.com/daily/resource-investing/energy-investing/lithium-investing/chris-berry-there-some-enormously-cheap-opportunities-in-lithium-right-now/?mqsc=E4001949

It is good to see some activity- 20+deals already.
I did email KM and he replied he was busy.

Lithium stocks are under-valued because investors misunderstand one key point: analyst

https://stockhead.com.au/resources/lithium-stocks-are-under-valued-because-investors-misunderstand-one-key-point-analyst/

http://www.lse.co.uk/share-regulatory-news.asp?shareprice=EMH&ArticleCode=lxlylcqu&ArticleHeadline=Quarterly_Activities_Report

South Australia launches battery subsidy scheme
The South Australian government has inaugurated its landmark $100 million Home Battery Scheme, which will subsidize the cost of buying a home energy storage system for up to 40,000 South Australian households. A nine-week priority period has been given to locally made battery systems, with Germany’s sonnen as the first provider to enjoy this benefit.

OCTOBER 29, 2018 MARIJA MAISCH

All positive

Addicknt. The failure to raise funds was a mistake but I am sure PS was acting on advice. We know that BCN has lithium and that demand for lithium is growing. I do think the capital will be raised but I do fear that an opportunistic bid at say 70p could be buy company.

The current market cap of BCN is $55m. The NPV of Sonora discounted at 8% based on price of lithium of $11000 is $1.25billion. In addition there is the potential value of Zinnwald. I appreciate that issuing more equity will mean dilution but there is a substantial amount to be shared and existing shareholders could participate in any fundraising.

Addicknt. The current market cap of BCN is $55m. The NPV of Sonora discounted at 8% based on price of lithium of $11000 is $1.25billion. In addition there is the potential value of Zinnwald. I appreciate that issuing more equity will mean dilution but there is a substantial amount to be shared and existing shareholders could participate in any fundraising.

PS comment in RNS

The progress being made at Zinnwald, together with the US$1.25 billion valuation assigned by the December 2017 FS to our Sonora project in Mexico, highlight the huge disconnect that has opened up between Bacanora's current US$55million market capitalisation and the underlying fundamental value of our lithium assets. The valuation anomaly is arguably far wider than the figures suggest when full account is taken of Bacanora's status as one of the few pure play and publicly traded developers of what is a critical battery technology metal. With advanced discussions ongoing with potential funders, both at the corporate and project level, for the outstanding finance required to commence the construction phase of an initial 17,500 lithium carbonate operation at Sonora, and excellent progress being made at Zinnwald, we are confident this valuation anomaly will soon begin to close."

Macarthur Minerals Limited (TSX-V: MMS) is pleased to provide an update on the progress of its drilling of high priority nickel sulphide targets at its Lake Giles project in Western Australia. The targets were derived from recent geophysical surveys using Moving Loop Electromagnetics (“MLEM”). Surveying at Moonshine successfully delineated two bedrock conductors, MC01 and MC02, with a further bedrock conductor identified at the Snark prospect.

HIGHLIGHTS
* 395 meters of Reverse Circulation “RC” drilling completed at Moonshine North.
* Both holes successfully intersected sulphide minerals at depth.
* Semi-massive sulphide comprising 20% pyrite/pyrrhotite was recorded over 12m in hole 18MRC002 from 185m to end of hole (“EOH”).
*Sulphide mineralisation open at depth with hole ending in sulphide mineralisation.

http://www.investi.com.au/api/announcements/aou/f51cf9fb-cc7.pdf

Q3 HIGHLIGHTS
ARDEN PROJECT - Maiden drill contract awarded - Environmental approval (EPEPR) granted for planned drilling programme - Maiden drilling programme commenced at the Ragless Range target testing highly-prospective zinc, lead, copper and cobalt mineralisation - New exploration licence adjoining Arden was granted, increasing the total project area by 954km2

BONAVENTURA PROJECT - Interpretation of IP survey identified a high chargeability anomaly over the Dewrang Target - Maiden drill contract awarded - Environmental approval (EPEPR) granted for planned drilling programme at the Bonaventura Project - Drilling programme commenced at the Dewrang prospect with further drilling undertaken at Grainger and Kohinoor targets targeting high-grade zinc, lead and gold mineralisation - New exploration licence was granted to the east and to the west of the project, contiguous with the existing tenement and increasing the total project area by 181km2 - Post reporting period, the first drill hole at Bonaventura confirmed basemetal mineralisation, intersecting 8.90m at 2.12% zinc and 0.51% lead from 180.6m including 1.00m at 4.53% zinc and 0.97% lead from 186.7m

COBALT LICENCES IN MOROCCO UPDATE
Clancy completes acquisition of an initial 20% ownership interest in Atlas
Managem, which holds 3 licences prospective for Cobalt in Morocco, and aims to
commence diamond drilling in November

https://wcsecure.weblink.com.au/pdf/CLY/02038697.pdf

MACARTHUR MINERALS UPDATE ON DRILLING NICKEL SULPHIDE TARGETS AT MOONSHINE LAKE GILES
Macarthur Minerals Limited (TSX-V: MMS) (the “Company” or “Macarthur”) is pleased to provide an update on the progress of its drilling of high priority nickel sulphide targets at its Lake Giles project in Western Australia. The targets were derived from recent geophysical surveys using Moving Loop Electromagnetics (“MLEM”). Surveying at Moonshine successfully delineated two bedrock conductors, MC01 and MC02, with a further bedrock conductor identified at the Snark prospect.
HIGHLIGHTS
❖ 395 meters of Reverse Circulation “RC” drilling completed at Moonshine North.
❖ Both holes successfully intersected sulphide minerals at depth.
❖ Semi-massive sulphide comprising 20% pyrite/pyrrhotite was recorded over 12m in hole
18MRC002 from 185m to end of hole (“EOH”).
❖ Sulphide mineralisation open at depth with hole ending in sulphide mineralisation.
Mr. Cameron McCall, Executive Chairman of Macarthur Minerals commented: “We are excited by the results of our initial drilling that intercepted the target derived from earlier geophysical surveys. Macarthur is now interpreting the geological data obtained during drilling and has submitted the samples for assay. This will guide the next step of this program which will involve a diamond drill program to penetrate through the extent of the sulphide mineralisation.”
Nickel Targets
A Moving Loop Electromagnetic (“MLEM”) survey was conducted across three prospects at the Lake Giles project. The survey targets were derived from previous drilling and soil geochemistry data that indicated potential for nickel sulphide.
Interpretation of data was undertaken by geophysicists from Newexco Services Pty Ltd who are experts in the application of geophysical surveys for the discovery of nickel sulphide deposits. The interpretation was undertaken on the basis of detecting bedrock conductors consistent with accumulations of massive sulphides.
1. Moonshine Conductor
Strong conductance was recorded across all five lines with modelling delineating two bedrock conductors, MC01 and MC02 (Figure 1). The two conductors are both coincident with a magnetic high that is faulted and consequently both MC01 and MC02 are likely to be the same geological unit. MC01 extends over a length of 700m with MC02 extending over 650m however the source can be defined as being open to the north and south.
2. Snark Conductor
The survey at Snark identified two bedrock conductors at SC01 and SC02 (Figure 2). These conductors will be drill tested at a later stage.