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"The White Gold Dream: Why Mexico Wants To Control Lithium Exploitation."-El Pas, 3 days ago.

"Even less so after Anglo-Canadian exploration co Bacanora Lithium DISCOVERED THE LARGEST DEPOSIT IN THE WORLD...SONORA IN THE NORTH OF THE COUNTRY."

----------------THANKS TO DAVID LENIGAS*S REM plc-----NOW KDNC- ALL HISTORY.
Great to be in on this from early days like others.

News. Sun 24 Oct 2021.

StarPlus on HC CCZ has just shown a MAP WHERE RIO IS PEGGING to the left of the BIG ONE Copper project Queensland. Just type up his name and it will come up. Starplus posted on the NEW THREAD RE; DRILLING JUST OUT.

Sun, 24 Oct 2021 UK time @11:22 but Mon morning in Australia, hence CCZ RNS has come out there first before London.

XTR forum [another]:
"all in eol: Anyone work out where we are right now if we had a JORC BASED ON CURRENT DRILLS."@19:50, Thurs, 21 Oct 2021.

Yup, that*s what "every one" wants to know like me.
I may have an idea but its always good to put it out to the forum for greater consensus etc but most of all to Mr Bird himself who reads these forums.

I looked at the Tandayama MRE more closely given it is potentially open pit.
With just 18 holes, they achieved an MRE of 223MT from recall.
They have already drilled 30 holes from what I understand.

I checked the presentation to see what their best holes look like.
So, from this, I can guage XTR*s Racecourse and how the Phase 1 - 21 holes should be able to produce a MRE. That*s what Dr Rohlach said in the past ie 18-23 holes is sufficient to produce an MRE.

So, it would be helpful to consider a potential MRE figure for Racecourse given there is a JORC + 21 holes drilled.??

Just discussing and gauging views etc.

Thur, 21 Oct 2021.

On Twitter, I see the same type of conclusion, hence why I posted.
LoL

Eer, isnt XTR Phase 1 Drilling at Racecourse FINISHED?
Last we heard was Hole 21?
So, there could be 500Mt or even at the lower 440Mt that AA wants?

Thur, 21 Oct 2021

I listened to it at under 40 mins: Mr Bird, XTR Chairman:
"WORLD CLASS
Big Un.
All of them are coming in, mineralised.
NW, SE...anomaly.
Ambition: 500Mt Phase 1, 1bt Phase 2.

Per Sq52 at 17:31 Thur, 21 Oct 2021:

"Just under 40 mins in when PHASE 1 WAS QUOTED AT 500MT
PHASE 2 - 1BT, thats BEFORE the SE EXPLORATION OR FOOTROT."

[Ref: New Colin Bird, Executive Chairman, XTR interview at https://youtu.be/iWwCu30natU thanks to HawaiifiveO today. Re: Racecourse, Lachlan Fold, NSW, Australia]
Thur, 21 Oct 2021.]

Market has just closed.

The advertised price was 5.60p to sell and 5.80p to buy.
Live price - quote was 5.715p to sell and 5.796p to buy.

Once the mkt is closed, then the price can be given as it becomes historical.

There*s silver as well in the XTR RNS today at 2:42pm, Thur 21 Oct 2021.
--Racecourse Assay results - Hole 21.

Dont forget that the IRR-Piedmont deal signed for US$102m to cover study, capex etc was signed at a time when lithium spodumene price was way lower.
Prior to the Pilbara Minerals 14.9.21 auction, lithium spodumene was selling around US$1,000 having jumped from the $600-650 level.

Others may be able to pin-point the lithium spodumene price at the time of the IRR-PIEDMONT JV. If it was around $650/t , then $2,444 is 4 TIMES MORE /400% roughly/approx.

Wed, 20 Oct 2021.

I read in one of the financial reports that discussed Amapa iron ore projects v Litchfield Lithium project, Northern Territory, Australia, near Core*s Lithium DFS deposits.

I posted Core*s latest mkt cap below.

What will history say of Amapa vs Litchfield, the latter of which is no longer under KDNC but optioned out although the sale price if achieved will result in Castillo shares providing the $2m payout conditions are met.

Wed, 20 Oct 2021.

Lithium spodument is now $2,444/t per S & P Global dated 15 Oct 2021.
I posted this on another lithium thread today, 20.10.21

S & P Global : Lithium Spodumene $2,444/t.
Screen shot shown of above dated 15.10.21.
https://twitter.com/8lusky/status/1450077610155728897

IRR*S COST is <$300/t.

Just checked. Core Lithium *s mkt cap is now A$936m as at 20 Oct 2021.

KDNC optioned Litchfield to Castillo Copper.
KDNC RNS today, 20 Oct 2021 refers.

Litchfield is 900m to the Core Lithium boundary. Core is Australia*s next spodumene lithium producer said to be H2 2022 or End 2022.

Core has a mkt cap >A$600m from recall.

The MAPPING by the Vendor*s Consultant Geo impressed Castillo per the RNS.

Just have a look why.

It is also stated that NO third party has looked at Litchfield once in Cadence ownership except impliedly Castillo under 90 day due diligence.

-----------------ONE TO WATCH-----------

Wed, 20 Oct 2021.

I saw the mapping that the Consultant Geologist did relating to the surface rock/soil samples taken
vs Core Lithium*s boundary which was in the RNS/ANN in Australia last night.

Interesting.
Wed, 20 Oct 2021.

A screen shot of the above from Rio*s presentations: "Significant Supply Gap emerging for lithium."
https://twitter.com/HC_Haplo/status/1450780691990396940 Oct 20, 2021
[Details are in the screen shot shown from Rio]

---Industry News---

Caveat Emptor 11:25am, Wed, 20 Oct 2021.
Quote: "Several points during EVENING Colin was asked about a possible buy out. Colin did seem to lean toward a QUICK SALE being a better option for current shareholders and 25p -30p was mentioned in this CONTEXT. Colin repeatedly stated OCT 2022 as a back-stop for triggering the BUY-OUT CLAUSE, so I think he would be happy with an early sale.

I think that if AA came forward with a offer of 25p+ tomorrow, then CB would be only too happy to sit down and start negotiations."

[Ref: Evening with Colin Bird, Executive Chairman for shareholders of XTR etc on 14.10,21 in London]

Comment:
Posting for my archives. I did STUDY Mr Bird*s MODUS OPERANDI and he goes for a quick sale at the level like Kiwara in Zambia to First Quantum of some US$265m from recall.

Yes, as I said, a long drawn play out like what others want may end up with a situ like...better not mention the name. Mr Bird is cognisant of the empirical cases.

Wed, 20 Oct 2021.

As a point of interest:
Tweet from Solgold, 10 hrs ago re: MRE [18 holes] at Tandayama.
Screen shot shows: " OPEN PIT - CUT OFF GRADE 0.16% cu eq.
Underground Cut Off - 0.28% cu eq."

Link: https://twitter.com/SolGold_plc Tues, 19 Oct 2021.

Comment:
XTR*s Scoping Study shows 0.15 % cu cut-off once copper reaches $10,000?
Currently, copper price is US$11,000.
A much discussed topic in the past but now the above MRE also shows that open-pit cut off is around this grade although 0.16% cu eq.

"The London Copper market is in a historic flash squeeze, as a critical short fall in available inventories drives prices to near record prices and.."-Bloomberg, 42 mins ago, Tues, 19 Oct 2021
https://twitter.com/BloombergAsia