Member Info for EV_Bull

Start here: https://www.bacanoralithium.com/pdfs/Bacanora-FS-Technical-Report-25-01-2018.pdf

Page 134 (148) shows the mine plan with lithium mined from the Fleur area. and 151 (137) % of feed from La Ventana Claims - this is pre-expansion of course so this will be accelerated.

Alongside this the plant, and tailings storage is also in the JV area.

Page 166 (152) gives a scale with the plant sizes, plant layout is page 184 (170)

We know from the Ganfeng annual report they are going to scale this up beyond what has been stated.
https://www.reddit.com/r/CadenceMinerals/comments/q4h7fc/ganfeng_interim_report_2021_the_company_will/
Ganfeng Interim Report 2021 - “The Company will further accelerate the construction of the Mexico Sonora lithium clay project, endeavouring to make it a leading project in the field of extraction of lithium from clay across the globe.”
https://www1.hkexnews.hk/listedco/listconews/sehk/2021/0924/2021092400651.pdf

So now the cat is out of the bag with your BCN posts.... tell us how many 35ktpa plants can you fit on 500 hectares @Jimb2 @tomcat-14

Certainly a flurry of activity at the courts, there have been 46 Attached documents in the entire six year case, five of which were last week.

MOVEMENTS

Date Movement

12/11/2021 Attached document
12/11/2021 Electronic Message (email) Attached
12/11/2021 Attached document
12/11/2021 Electronic Message (email) Attached
12/11/2021 Attached document
12/11/2021 Electronic Message (email) Attached
12/11/2021 Dispatch Conclusions
11/11/2021 Attached Petition Protocol No.: WJMJ.21.41858572-6 Type of Petition: Miscellaneous Petitions
10/11/2021 Electronic Message (email) Attached
10/11/2021 Attached document
10/11/2021 Attached document
10/11/2021 Electronic Message (email) Attached
09/11/2021 Attached Petition - Protocol No.: WJMJ.21.41841657-6 Type of Petition: Intermediate Petition
09/11/2021 Attached Petition - Protocol No.: WJMJ.21.41839859-4 Petition Type: Miscellaneous Petitions

Exactly Tomcat, which is where the KDNC JV comes in to play much sooner than planned, the market hasn’t woken up to this yet.

It really could be any day now, I would refer you to our lawyer in Brazil who expects the deal to be signed before the end of the year.

"we expect that, within 60 days, the contracts will be signed". (21/10/2021)

https://bahia.ba/economia/credores-bancarios-aprovam-plano-de-recuperacao-de-mina-no-amapa/
Published on 10/21/2021

Bank creditors approve mine recovery plan in Amapá
The project is expected to cost US$ 200 million, and studies will start as soon as the contracts are signed

"Washington Pimentel, executive director of Ayres Catelino Pimentel Advogados, which represents Cadence and Indo Sino in the process, told Valor that after the approval of the three banks, Intesa San Paolo, Canada Bank and State Bank of India, the company will start the feasibility studies for the entire project, including the railroad, which is currently scrapped.

According to him, the project should cost US$ 200 million, and studies will start as soon as the contracts are signed. “The credit committee of all the banks approved the plan and now we expect that, within 60 days, the contracts will be signed. That way we can start the project schedule”, said Pimentel."

https://www.tjsp.jus.br/

"Assumptions and guesswork" are the basis of investing, otherwise I'd just buy an index fund. lol

Dispatch Conclusions precedes a decision on the case by the judge.

MOVEMENTS
Date Movement
12/11/2021 Dispatch Conclusions
11/11/2021 Attached Petition
Protocol No.: WJMJ.21.41858572-6 Type of Petition: Miscellaneous Petitions Date: 11/11/2021 19:53

check it out......

Conveniently located some might say...

If Ganfeng are willing to pay so much for the BCN which only actually holds 50% and 35% of the tenements it stands to reason they would also want to own all of the other tenements too, especially ours which just so happens to be closest to their processing plant.
Speaking of which.... ok I won't say anymore Obs but I'd advise you to hurry up and get your buying done!

All things being equal, if they double the production plans, year 9 becomes year 4 and if they treble it becomes year 3 by the time they will need our JV (according to current mining plans). Perhaps they mine two pits simultaneously and want it from year one. This is clearly very good news for KDNC as the concession is very valuable to Ganfeng.

Think about it... this could be the last private lithium mining project that will ever be granted a license in Mexico. Surely you can see that increases it's value yet further.

Because you're missing something MrNegative.....
Ganfengs expansion plans

Not necessarily Fozdog as it says as at 3.00 p.m. on 11 November 2021

They have now passed the minimum 50% required for acceptance (56.6%).

https://polaris.brighterir.com/public/bacanora_lithium/news/rns/story/x8q0kpx

Accordingly, as at 3.00 p.m. on 11 November 2021, Ganfeng holds, or has received valid acceptances in respect of, a total of 217,387,053 Bacanora Shares (representing 56.6 per cent. in aggregate of Bacanora's issued ordinary share capital), which Ganfeng may count towards the satisfaction of the Acceptance Condition.

You can clearly read that not all nominees have been sent through yet (if any).....

"As at close of business on 11 November 2021 (being the latest practicable time and date prior to the date of this announcement), Ganfeng has outstanding irrevocable undertakings given by Mark Hohnen and Eileen Carr, each a Bacanora Director, in respect of 908,285 and 88,888 Bacanora Shares respectively beneficially held by them (representing, in aggregate, approximately 0.3 per cent. of the issued ordinary share capital of Bacanora)1. Each of Mark Hohnen and Eileen Carr have irrevocably instructed their brokers to instruct their respective nominee holders to submit acceptances in respect of their Bacanora Shares. Further to these instructions, the Bacanora Directors and Bacanora now understand that, in line with the nominees' current practices, such acceptances will only be submitted by the nominees to the Receiving Agent later in the Offer Period, as part of their overall submission of acceptances received from their other beneficial shareholders. The Bacanora Directors' intention remains to accept the Offer."

https://polaris.brighterir.com/public/bacanora_lithium/news/rns/story/x8q0kpx

£20m+

Ganfeng will also want to buy KDNC's stake to have 100% of the resource and scale it up massively.

It is the reason you do have to think about opportunity cost though, how long will this take, what else could you be investing in.