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DUMONT NICKEL MINE, QUEBEC, CANADA
Dumont is No 2 on the Mining.com list. I will check separately from Mining Technology that is useful to cite details:

"As per June 2013 estimates, the Dumont deposit has PROBABLY RESERVES of approximately
1 B I L L I O N TONNES GRADED AT 0. 2 6 %.

"The PROVEN reserve are estimated to be 1 7 9 MILLION TONNES GRADED AT 0. 3 2 % nickel and the project life is estimated to be 3 3 years."

My Comment:
So, in doing further due diligence, one will see that the MINING.COM RANKING was done on the "probable reserves" GRADE OF 0. 2 6 %.
Proven reserves are 0. 3 2 % GRADE for nickel.
[Ref: Dumont Nickel Mine, Quebec- Mining Technology. To check, put this title into the search engine. ]

It is obvious that Mining.com took the data at a certain point and Mining Technology at another point.

POW METALS HOLE 1 IS PART RESULTS AS FAR AS I AM AWARE WITH EVEN THE 300M [or over?] open so more to analyse.

SO, THAT PROVES THAT 1 HOLE AT MOLOPO WITHOUT AN O V E R A L L GRADE FIGURE MEANS THAT IT WILL TAKE SOME TIME UNTIL EVEN A MAIDEN RESOURCE STATEMENT WITH AN OVERALL GRADE when ALL HOLES ARE ADDED AND INPUTTED INTO GEO SOFTWARE TO PRODUCE OVERALL AVERAGE GRADE.

FOR THIS REASON, POW*S 8 APR 2021 RNS HAS A RANGE OF GRADES % BROKEN INTO DIFFERENT METRES. N O O V E R A L L G R A D E WAS GIVEN AND CANT BE AT THIS STAGE.

So, NO CONTEXT was meant - DIFFERENT GRADE RESULTS TELLS ONE HOLE 1 MOLOPO FARMS HAS NO O V E R A L L GRADE GIVEN YET. So, it is educational at this stage.

Tues, 13 Apr 2021

AquaeSulis01
Answer: When these world class projects are RANKED ie Top 10 in the world, one cannot
CHANGE the stats in any form from Mining.com, a respected site.

So, the Management By Objective of posting the Top 10 Ranked Nickel projects is to ILLUSTRATE what sort of GRADES is the O V E R A L L deposit.

One will find that if one looks at say Mining-Technology for any deposit, they and OTHERS will not break the 1 core or cores but rather the WHOLE DEPOSIT*S OVERALL IS GIVEN. This is derived from the JORC or PFS or such like ETC.

So, my management by objective is to ILLUSTRATE only. On another POW forum, one chap said that the X and Y etc. Obviously, WITHOUT knowing EVEN basic GRADE % OF THESE TOP 10 NICKEL DEPOSITS, folks think the ranked projects are into very high % grades.

So, a look is useful and EDUCATIONAL.

If one wants to look deeper, one can do so. However, at this time, whilst it is said that the reported hole is "300M" OR "OVER 300M", it is said to be open and from what I understand, not all were tested in the 1st round as parts were sent. Hence, why said to be "open."

If you would kindly NOTE, the OVERALL was not given by POW - that needs special geological SOFTWARE to do so. So, unless one is a specialist or economic geo etc, one will NOT have the software nor the qualifications. The OVERALL CANNOT BE GIVEN UNTIL THE WHOLE CORE IS FULLY ANALYSED.

Otherwise, folks are sitting here wondering what these grades ALL MEAN? IN WHAT CONTEXT? Are they LOW, MID OR HIGH?

FOR THE AVOIDANCE OF DOUBT; I POSTED DIRECTLY FROM THE POW, 8 APR 2021 RNS OF THE FULL RANGE OF NICKEL GRADES IN %, LEAVING NOTHING OUT.

So, any more seasoned investor will KNOW the basic*s of stats from the TOP 10 RANKED NICKEL PROJECTS.

I have NOT done more work on the ranked 10 because UNTIL WE CAN GET THE FULL INTERSECTION LENGTH FULLY VERIFIED WITH RESULTS + GRADES OVER THE W H O L E CORE , NOT PART/S, IT IS NOT POSSIBLE TO KNOW. ONE SEES RESULTS FROM OTHER CO*S OF COPPER ETC EG HOLE 1 RACECOURSE 920M @ 0.33% CU EQ [breakdown given for just cu copper at 0.3% cu] OVERALL. This has NOT happened yet at POW so one can one educate GENERALLY WHAT ARE GRADES ONE IS LOOKING AT?

Hope that clarifies.
News, Tues 13 Apr 2021

"The biggest lithium projects in the world -TOP 10."-Mining-Technology
https://www.mining-technology.com/features/top-ten-biggest-lithium-mines/

Quote:
"SONORA lithium project is the BIGGEST LITHIUM DEPOSIT IN THE WORLD." [pic caption]

"The mine is estimated to hold proven and probable RESERVES OF 2 4 3 . 8 MT
C O N T A I N I N G 4. 5 MT OF LITHIUM CARBONATE EQUIVALENT [LCE]."

"Initial mine life 19 years."
[BCN & Ganfeng mentioned as JV partners and La Ventana]
---
My Comment:
Kindly note that Sonora BCN-GANFENG*s deposit is 2 4 3 . 8 MT.
Then, C O N T A I N E D LITHIUM CARBONATE EQ [LCE] IS 4 . 3 MT.
It has ALREADY BEEN REDUCED TO ACTUAL LITHIUM, HENCE THE WORD "CONTAINED."
------
2] REM*s 2015 RNS [post below via this forum this Sun] stated " 8 . 8 MT." [Ind & Inf]

3] David Lenigas*s tweet: 1 3 MT SONORA AND CINOVEC IS 100 BILLION BUCKS.
If one minuses 13Mt from 8.8Mt = 4.2 Mt for Cinovec approx. Not sure whether DL used 8 or 8.8Mt as a rounding figure.

4] Mexican article from E & T from BCN: "OVER 8MT @250 years"
This would be the WHOLE OF SONORA INCLUDING REM 30% GREATER SONORA LANDS VIA SONORA LITHIUM LTD [LLC].

5] The Mining Technology 10 biggest lithium reserves for Bacanora at 4.5Mt [Gan JV] is only for their MINE [proposed] @ 19 years mine life.

6] TOTAL SONORA = 8.8Mt
A L L D E D U C T E D ALREADY as its a "CONTAINED" figure.
---
Your reduction of 8.8Mt to 1.66Mt has REDUCED SONORA further which NO OFFICIAL FIGURES SHOWS AS ABOVE. It says CONTAINED = LITHIUM CARBONATE EQ.
BIG DIFFERENCE?

EXHIBIT 5 OR 6
EVIDENCE
PROOF

Observer842 -- David Lenigas never gave your figure of 1.66Mt for the whole of Sonora and this is NOT in the REM RNS of 2015 nor his tweets which I posted yesterday, Sun, 11 Apr 2021.
I gave the links to his 13Mt for Sonora & Cinovec which he said 100 billion bucks.

LET*S JUST LET THIS TOPIC END.
IT MAKES NO DIFFERENCE - IF YOU THINK IT IS 1.66MT WHICH YOU REDUCED FURTHER FROM 8.8MT WHICH BOTH REM AND BCN QUOTED, THAT IS UP TO YOU.

FOR THE AVOIDANCE OF DOUBT - I Q U O T E SO MANY SOURCES & THEY ARE VERBATIM.
I HAVE PROVIDED EVIDENCE AND EXHIBITS AS SAID ON SUN, 11 APR 2021.

So, its time to call an end to this topic.

News, 13 Apr 2021.
Wanted to get a cup of tea.

With all the hoo ha , will GAN take over possibly BCN? It is NOT usual to buy some 29% of a co if one did not want to take it over? Logic but I am NOT certain as there has been NO previous pattern to show either way?

Can they now with all the Mexican hoo har? Will they? Only they know at the time.

That was why REM bought 20% of BCN and a 30% share in the Sonora Lithium Ltd [SLL] so that it takes up their stake to a higher economic interest. IN CANADA, DL EXPLAINED THAT THE THRESHOLD IS DIFFERENT TO LONDON @20% NEEDED. INDEED, REM DID MAKE AN OFFER WHICH BCN LET OUT TO MKT THEN. So, some basis.

TAKE-OVER OR PRODUCTION [GAN] ?
In both scenarios, one still has to be forward looking from KDNC*S VIEW.
It will help with CASH FLOW ANALYSIS. Litchfield also has to be taken into ACCOUNT.
Then, one can PLAN CASH FLOW ANALYSIS GOING OUT FOR AMAPA, SONORA & LITCHFIELD.
No co usually waits TILL it happens one day and its all a SURPRISE. Listed co*s dont work that way given accounts will need to be 12 months ahead at least to qualify for continuation.

GOING FORWARD, THE LONGER TERM PLANS HAVE LANDED ON KDNC [REM MEXICO]
GIVEN BCN IS TALKING A LOT TO MEXICAN PRESS AND GIVING OUT NEW INFO.

If one were the CEO of KDNC, one may have to speak formally to BCN or put it in writing as to the release of NEW INFO ie BCN-GAN PLANS. Obviously, no one can be SO SPECIFIC IE US$2B UNLESS ONE HAS THE ACCOMPANYING FIGURES OR STUDY TO GO WITH IT. Nothing is done haphazardly in biz as norm.

WITHOUT LOOKING AT THE PRECISE CASH FLOW ANALYSIS, ANY CO WILL BE SITTING IN THE DARK AND WAITING FOR CASH NEEDS WITHOUT KNOWING WHAT IS HAPPENING.

HENCE, WHY CO*S ALL PRODUCE CASH-FLOW ANALYSIS AND LONG-TERM UNPUBLISHED CASH FLOW ANALYSIS AND STRATEGY otherwise it could be MESSY? it is norm to do so.

SONORA
Obviously, now that so much is revealed by BCN, REM Scoping Study and DL*s tweets from the past, KDNC will have to GET MAX VALUE. TO DO THAT, THEY WOULD NEED M & A EXPERTS in order to prepare for whatever route GAN will take. Cant see BCN has the money to take REM over for their % share. GAN will NOT be giving BCN FREE MONEY to pay their part so do they buy MORE OF SONORA LLC FROM BCN/REM etc to GAIN OPERATORSHIP at 51% or 66%, latter you mentioned for a special case.

I rest my case. ACCURATE ANALYSIS AND KNOWING THE PATHWAY OF KDNC will provide a more accurate analysis of sp going forward. MR MARKET WILL ALSO BE DOING THE SAME THING.

All for discussion only. IMHO. DYOR. Please do due diligence and ask KDNC or BCN to confirm etc.

11/4/21 News.

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