Morning All15 Mar 2019 07:41
We all know BCN is massively undervalued.
Hundreds of Millions have already been pumped into these 2 huge Lithium reserves & a further $460M is being sought to unlock production on Sonara.
Southern Copper, The Chinese, RK Mine finance ($150M already sorted) The Omani Wealth Fund ($65M)........
Funding is coming, terms are being discussed between the various parties.
Hanwa Japan has already agreed to take full production from phase 1 - 17500Mt.
But, the stock has been shorted down to a rediculous level & it always takes time to recover.
So, holders need to remain patient, traders need to slice rather than sell out & in due course fair value will present itself.
This stock was £1.41 on 10/01/18 on assets alone.
That’s an MCap £188M.
Funding unlocks those assets - think what the MCap could be then.
And this is just Sonara.