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"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.

contd
the Sonora Lithium Ltd project [SLL], then given they are a business, they may not provide the tech.

So, anyone wanting to perhaps take Sonora over may have to consider this. Hence, why it does appear to be a defence strategy which differs a bit from the normal run of the mill defence strategy which requires a different approach. In the case of EMH, the govt in the end could see that if they were to also be in 100% charge, it may involve or could involve international arbitration.

I also found out that MEXICAN LITHIUM does not only consist of clay but other sources as well eg HARD ROCK LITHIUM ETS. BUT------------THEY HAVE POOR GRADES--------------.
SONORA IS SAID TO HAVE -----------HIGHER OR HIGH GRADES FROM RECALL---------------.

In the past, when this subject was raised, the Minister in charge calmed the people and said that the methodology needed was not there yet. This is PRIOR to David Lenigas going to that AMERICAN LITHIUM CO IN KINGS VALLEY TO FIND OUT HOW TO EXTRACT CLAY. Then, NO co had lithium production from clay.

TOO EARLY TO TALK ABOUT SONORA? [Per obs]
No, I dont think so given that Kiran M has said in his last interview prior to the recent one, that SONORA comes in F R O M YEAR 8.

CASH FLOW ANALYSIS
It would definately 100% NEED CASH FLOW ANALYSIS. AMAPA COMES INTO PLAY IN 2 YRS SHIPPING [24mths] + 2 YEARS COMMISSIONING [24 mths ambitious timeline per Kiran M]. Kiran M mentioned "FINANCING or D." ONLY THEN, AFTER THE 24+24 MTHS COULD SEE 1ST CASH FLOW & even then, it has to scale up production. Meanwhile, one has to keep tabs on the price of iron ore [not sure if KDNC will sell at live spot or futures and therefore what will be the MEAN USED INTERNALLY BY KDNC to evaluate and make decisions from].

------SONORA- KDNC HAS TO NOW FIND OUT WHAT BCN-GAN PLAN TO DO WITH REM MEXICO LTD?------
Is the CONSORTIUM OF BCN/GAN GOING TO TAKE REM MEXICO OUT BY BUYING THEIR 30%.
Do KDNC want to sell given what D.Lenigas said about more with drilling?
How much is GAN willing [or BCN by extension] WILLING TO PAY?
Looking at how much GAN paid for 50% of SLL @ US$50M + VS VALUE IN THE GROUND AT US$114 BILLION, ONE CAN SEE DEPENDING ON HOW ONE ANALYSES THE FIGURES TO BE IN THE REGION OF 0.1% +. Usually, M & A IS 1-5% OF VALUE IN THE GROUND IN GENERAL ONLY.
Of course by then, the value in the ground may change. Its now a RACE TO START FIRST-Secker said so ie if one is not starting NOW IN 2021, then one is NOT going to be producing then. Its always SUPPLY PRODUCERS vs demand.

REM WAS NOT ABLE TO TAKE-OVER BCN
Whilst REM was not able to take over BCN at £1, that is a past event. However, given what I said about this 250 year supply @8.8Mt vs 9Mt Chile [No 1 reserve in the world] , nevertheless, it now means that with the new value-in-the-ground of some US$ 1 1 4 BILLION, REM*s share comes to some US$16.9 BILLION @ 30% on just what has been drilled. So, this is positive.

GANFENG
With all t

observer842
MANAGEMENT BY OBJECTIVES
The objective here is to try to get as accurate as possible the perceived value by which the market will evaluate KDNC from NOW on. I do not think that if Kiran Mozaria, CEO of KDNC were to approach the MM*s again as in the past, they would definately rate it to what we think it should be. Kiran M was able to get some value for the other projects rather than the standard MARK-TO-MARKET valuation, common to investment co*s. Some ,as you know trade on below mark-to-mkt.

AMAPA IRON ORE
Whilst this is the area of concentration right now for most people, this is not the hot area of investors attention. Why? Iron ore is NOT in STRUCTURAL SUPPLY DEFICIT ? I have to revise what I said about iron ore. The prices are said to be able to hold till the end of the year and so forth. Much will also depend on WHEN BRAZALIAN iron ore COMES BACK TO MKT and the DEMAND. So, it is a WATCHING BRIEF that one needs to do as one goes along as the situation can change per analysts forecasts. I am NOT keeping a close watch on this as I am not interested in iron ore for obvious reasons. Lithium on the other hand appears to be in SUPPLY TIGHTNESS and to jump 29.4% within a few weeks from observation tells the spot spodumene situation and the tightness that has been mentioned by Fastmarkets.

SONORA LITHIUM - REM 30% JV WITH BCN 35% & GANFENG 35% [SLL]
This is now blowing Mexican minds so to speak, hence all the hoo ha. Why is this?
As I said, the 8.8Mt of Lithium Carbonate vs 9Mt of Chile*s reserves of lithium. I found out post my post yesterday that CHILE IN 2016 HAD 7.5MT
-------AND IS THE WORLD*S LARGEST LITHIUM RESERVE.-------

That figure has obviously moved SINCE 2016 to 9Mt. Hence, why the Mexican article with an interview with Secker of BCN came up with the comparitive to Chile and SONORA GREATER LANDS.

THINK ABOUT IT - PUT ONESELF IN MEXICAN SHOES --------S O N O R A @REM
S I T S AT 8. 8 MT OF Lithium Carbonate WHICH EQUALS ALMOST THE ENTIRETY OF CHILEAN LITHIUM RESERVES R A N K E D N O 1 IN THE WORLD.

YES, IT SITS IN JUST 1 SPOT IN MEXICO CALLED S O N O R A.
David Lenigas*s old tweet which I found said that no one knew there was lithium at Sonora.
Further Mr Lenigas said that THERE IS MORE AT SONORA WHICH HAS NOT BEEN DRILLED YET.
THINK ABOUT IT. In the REM AGM, it was said by one poster on the main KDNC forum that it stunned people that Sonora had a VALUE-IN-THE-GROUND OF US$50B then. Well, it is now US$114 BILLION per today*s lithium price @$13k mid-price/t.

BCN DEFENCE
BCN told Mexican press a lot of things. Why? I think they are cognisant they have to provide a defence strategy instead of just sitting down and letting things roll on. Hence, they are putting out HOW MUCH MUST BE SPENT ON SONORA --SPECIFIC FIGURES NOT RELEASED BEFORE ie IN 10 YEARS : US$2BN. Also, they said that GANFENG provided the TECHNOLOGY. So, in other words if Ganfeng were not to own the

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