Member Info for Fourprinces

Poulden talking about wishbone at some breakout event at UKIS on Saturday so you would hope there would be good news...

Interestingly the North American bulletin boards were very bullish based on facts. We’ll see how Monday on the TSX looks.

Morning.Putting yesterday’s IIROC shenanigans aside the MMS/Glencore deal is a full on binding off-take agreement for 40m tonnes and not an LOI. So what’s the bankable value of that?

MMS up 150% on open

Lake Giles’s Moonshine Magnetite Project indicates that an export product of high margin +65% Fe can be achieved. “Current market price for 65% Fe product is quoted at US$98/tonne (A$140 per tonne). (1 - Custeel Iron Ore Price Index) The value of the initial 10-year Glencore off-take at current market price for Moonshine iron ore would be ~US$4 billion.”; and
“The Capex for a combined Moonshine Magnetite and Ularring Hematite operation is now estimated to be US$335 million. Magnetite Opex costs are estimated to be A$55/tonne free on board (“FOB”) and Opex costs of A$42/tonne FOB for hematite.”.

Macarthur Minerals Clarifies Disclosure
VANCOUVER, British Columbia, March 22, 2019 (GLOBE NEWSWIRE) -- Macarthur Minerals Limited (TSX-V: MMS) (OTCQB: MMSDF) (the “Company” or “Macarthur”) announces that, as a result of a review by the Investment Industry Regulatory Organization of Canada, the Company is issuing the following news release to clarify certain statements in the Company’s news release dated March 21, 2019 entitled “Macarthur Minerals Signs 10 Year Iron Ore Off-Take Agreement for the Lake Giles Iron Project in Australia With Glencore International A.G.” (the “March 21 News Release”).

In addition to the retractions and clarifications contained in this news release, the Company would like to clarify that the intention of the Company in issuing the March 21 News Release was to immediately disclose the entering into a material contract with Glencore International A.G., as required by Policy 3.3 – Timely Disclosure of the TSX Venture Exchange Corporate Finance Manual (the “TSX-V Manual”). The Company regrets any confusion to the shareholders of the Company that may have resulted from the March 21 News Release.

The disclosure in the March 21 News Release relating to the gross value of the iron ore off-take agreement, projected revenue to the Company, projected spot price for iron ore during the term of the off-take agreement and the resource estimates and economic forecast of the combined Moonshine Magnetite and Ularring Hematite operation (collectively, the “Disclosure”) is inconsistent with:

section 2.1 (Requirements Applicable to All Disclosure) of National Instrument 43-101 - Standards of Disclosure for Mineral Projects (“NI 43-101”) because the March 21 News Release did not contain the required statements that the scientific and technical information contained in the March 21 News Release has been approved by a “qualified person” under NI 43-101;
section 2.3 (Restricted Disclosure), subsections (1)(b) and (1)(c), of NI 43-101 because the Disclosure discloses the results of economic analyses that includes or is based on inferred mineral resource and the gross value of metal or mineral in a deposit;
section 2.3 (Restricted Disclosure), subsection (3), and section 3.4(e) of NI 43-101 because the March 21 News Release did not contain the required cautionary language, including the qualifications and assumptions made by a “qualified person” under NI 43-101;
section 4.2(6) (Production Decision) of Companion Policy 43-101CP to NI 43-101 because the March 21 News Release did not contain the required cautionary language that Macarthur has not filed a technical report to support a production decision; and
section 8.1 (Content of News Releases) of Policy 3.3 – Timely Disclosure of the TSX-V Manual because the March 21 News Release only discloses the projected “revenue” of the Life-of-Mine Off-Take Agreement.
In addition, the preliminary assessment titled “The Technical Report on the Moonshine and Moonshine North Prospects, Lake G

https://web.tmxmoney.com/article.php?newsid=8899606909574587&qm_symbol=MMS

https://www.investegate.co.uk/bigblu-broadband-plc--bbb-/rns/participation-in-french-national-subvention-scheme/201903221311517634T/

OTC closed 420% up. Let’s see what MmZ does when it comes out of suspension on the TSX shall we?

https://twitter.com/WishboneGoldplc/status/1107577691488833536

Would expect gold shipment news from @WishboneGoldplc next week #WSBN

3:52 pm - 16 Mar 2019
4 Likes Peace and more PeaceStock MafyaPablo_TradesGeorge Townsend
1 reply . 0 retweets 4 likes
Reply 1 Retweet Like 4 View Tweet activity
MausaeusTweet text




New conversation

Wishbone Gold Plc
?

@WishboneGoldplc
2m2 minutes ago
More
Replying to @Mausaeus
We are aware of expectations and will try to meet them soon.

Great post

https://twitter.com/ZaksTradersCafe/status/1106527790789210117

Stop shouting

Got in touch with the journalist that wrote the piece. She is certain - only Canadian linked co with lithium assets in Sonora and Gonzales was very specific. Spoke to Southern Copper comms people and they confirmed the interest in lithium in sonora and that there were other interested parties. The guy didn't say outright it was bacanora but refused to deny it.

We know there are. Gonzales said a Chinese company were interested.

Please use the sharing tools found via the share button at the top or side of articles. Copying articles to share with others is a breach of FT.com T&Cs and Copyright Policy. Email licensing@ft.com to buy additional rights. Subscribers may share up to 10 or 20 articles per month using the gift article service. More information can be found at https://www.ft.com/tour.
https://www.ft.com/content/83dfd380-464e-11e9-a965-23d669740bfb

Shares in London-listed lithium developer Bacanora Lithium jumped by 23 per cent on Thursday after reports that Southern Copper was considering investing in the company.

Bacanora said that it was “in discussions with a number of potential cornerstone investors” as part of its fundraising efforts, but declined to provide any further details.

Bacanora is looking to raise $460m to develop its Sonora lithium project in Mexico by the second quarter of this year.

Lithium is a key ingredient for lithium-ion batteries used in electric cars and demand is set to rise by 20 per cent this year, according to Chile’s SQM, one of the world’s largest lithium producers.

But prices for the raw material have fallen this year due to growing amounts of supply.

Reuters reported that Phoenix-based Southern Copper is considering investing in the company, citing its chief executive Oscar González.

https://www.ft.com/content/83dfd380-464e-11e9-a965-23d669740bfb

And yet the Reuters article has BVCN as a target for both Southern Copper Corp and a chinese outfit - a fact that's confirmed by the journalist that wrote it - see below. 50 more likely than 15 imho

From journo who wrote Reuter’s article Hi, all I know I put in the story. I haven't received any confirmation since publication that it's Bacanora, but it does seem to be the only foreign lithium company in the state of Sonora. And yes, usually companies cannot confirm or deny talks like this until they're final.

And yet it din't deny the reuters article which you would have expected it to do as whether it's true or not it would have a substantive impact on the SP? https://uk.reuters.com/article/peru-southern-copper/update-1-southern-copper-eyes-lithium-project-in-mexico-ceo-idUKL1N2102C2