Member Info for news

THACKER PASS- NO 2 RANKED AFTER SONORA NO 1.
100% owned by Lithium Americas, mkt cap $2 BILLION +.

Lithium Americas also owns Cuahari, Argentine.
Gan bought in but has bought another 1% for $16m to take them from 50% to 51%.

So, Lithium Americas has retained 100% of Thacker Pass. The Bloomberg article I gave a link to says Wall Street keen on lithium and money is available.
1 of the co*s mentioned is Lithium Americas who just raised $400m.

So, WORLD*S largest NO 2 lithium deposit has retained the PRIZE which will only last for 46 years.

WORLD*S NO 1, SONORA, DRILLING PAID FOR BY REM and funded and located by DL
- BCN owns 50% whilst 50% of Sonora [Ventana 88%] Part 1 lasting 19 years has been sold off for US$50 million approximately give and take [25% + 25%].

vs
TXXX royalty co today paid £28m or $39m USD just for the royalty element for THACKER PASS.
No details could be found by me as to the %. Usually, its about total 2-2 1/2% that is ever sold in total.

Posting for history.

Mon, 22 Mar 2021.

I will conclude with:

THE YEAR IS 2031.
KDNC - SONORA JV COMES INTO PLAY per Kiran in Year 8. [2023 production starts?]
What will history say?
How much has it gone for?

You said Barksy1, its time for back-back, hence why I decided to post. I have known for quite a long time and I have watched what folks said about Sonora.

Barksy1-put Bolivia lithium and look at the top article.
I cant put out the title.
Look at the desperation for lithium as that is the last part left given there*s 60% there.

Dont need Kiran to discuss anything as that has to come in an RNS if there is material info.

Kiran looks like a nice chap -he is the company sec rolled into the mine technical director etc. He used to run a mine and that*s where DL met him etc. It so long ago but I know there*s a link from that mine.

However, its does look pretty competitive out there.

Well, if the No 1 Sonora JV which is the PRIZE PART goes for cheeeep, then no one has been able to out-chess move. VALUATION IS PROOF.

How about Litchfield-capex is some $50-80m where its unheard of.

That*s also big money.

Wakey Wakey.

They are so desperate for lithium that they are fighting in Bolivia for it - Germans etc.

EMH- The CEO in his last interview publicy acknowledged REM-KDNC*s support.
What does support mean? Its obvious.

Yes, the nay nay people did a good job painting black paint.

However, not for DL, REM may not have survived.

20% in BCN and 20% in EMH.

Not for those stakes and steering out of a commodity squeeze in lithium would have meant end of. Many have gone as they did not have a life boat. This is FACT not fiction.

Barksy1
Yes, you said that its time for REM*ers to get upside. I agree.
Hence, why I decided to put you in the pic and Ivybush.

Barksy1- I agree. But DL appears distant and will NOT let REM or Sonora pass his lips.
From what I gather on the KDNC forum, it appears that he might have got into the soup from the 5p folks.

I thought of setting this right but my voice alone may not move things. Even if something could be done, its a bit late in the day.

From his reaction, I gather he may no be bothered? if it goes cheeep or whatever happens.

Can anyone blame him? Even a Saint would find it difficult but even then he made the effort to look for Suckling who he said was a metals trader.

He said Amapa was not his project that he brought in.

CORE LITHIUM, NORTHERN TERRITORIES, AUSTRALIA
KDNC has the next door licence at LITCHFIELD.
Core Lithium share price is A 22c, MKT CAP A$264.15 MILLION.
That is worth a lot of money - lowest cost producers in the whole of Australia and highest grade in Australia near Darwin port which will export to Asia and is the nearest to Asian mkts.

Kiran Mozaria said in his last interview, we dont make much of it ie shout about it.
That*s hot property so much so that CORE is saying they want to BUY. I posted that link and it is on their Twitter handle and in their RNS/ANN.

That is the DL style - get the licence next door.

Zinnwald- no RNS for ages and ages. Nothing. All asleep.

If DL was receptive, I would tweet to him but he seems somehow distant and no longer in to REM*er no matter who. Maybe, he*s lumped all the apples together.

This is a crucial moment for KDNC - No 1 lithium project that could PUT 5.4 THACKER PASSES IN [250 divide by 46 years mine life.

"ASSET STRIPPING" [not a bad word but a biz term to split up to get value] - SONORA JV IS MASSIVE.

Will it go for cheeep?

Yes, Ivybush, that was in the article ie lithium cannot be transported over long distances.

Yes, it is more sensible to have the battery factory near the manufacturing plants.

That may be the AMERICAN plan to get them all to Canada - everything in 1 spot.

Hence, why Ford is going to Mexico for a new production model is also interesting.

Whatever, they are doing, 1 thing is clear, LITHIUM SITU IS GETTING DESPERATE.

Buyers of spot cash spodumene are so desperate they are bidding the price up. Even SP Angel heard this from KOD*s CEO via a conference call.

So, REM IS LITHIUM - how is this going to transpire now?

BIG MONEY in lithium per Wall Street article.

Gan likes to only take a 50% stake in lithium projects, even with Lithium America*s Argentine project. They have NEVER taken more than 50% or done a takeover.

So, if Stage 2, Gan goes to the JV land, then it could mean 10% more on top of what they paid BCN for 50% stake ie some US$50m give or take.

That means, $55m approximately give or take [10% more on $50m].

This means that BCN will have to give up 35% of their 70% share and KDNC 15% of their 30%.
Total of say, $55m means that KDNC could get US$8.25 million for the 15% stake that Gan may want.

Usually, in all projects, the operator wants 51%. In this case, Gan wants 50% only and BCN has to do the work as OPERATOR @50%.

$8.25MILLION FOR KDNC @15% STAKE IN THE JV WHICH IS THE PRIZED PART [250 years MINUS 19 YEARS = 231 YEARS??? THIS MEANS THAT IT IS 5 T I M E S BIGGER THAN THACKER PASS JUST FOR THE JV AREA].

THIS IS WAY BELOW THE VALUATION TAKEN BY REM OR KDNC FOR THEIR 30% JV A LONG TIME AGO. VALUES ARE RISING NOT FALLING.

Must be ?

HOW IS KDNC GOING TO EXTRACT VALUE?

What about THE NT, AUSTRALIA PROSPECT - THAT IS ALSO HOT PROPERTY. International investors paid $40m funding for CORE. Core is looking to buy as per their RNS/ANN.

KDNC*s NT PROPERTY NEAR CORE IS THE SAME BASIN AND SAME GEO ETC. Kiran Mozaria said so.

Lastly, PALEN.

In the REM days, everyone got together - no one fought no one nor bish bosh each other. Everyone had a specialism. One chap had City experience so he could tell about how many more days the placing would take to clear - Barksy1 asked him.

The rest said, lets go to Sonora-we can get the trucks out, scoop the stuff and get it to USA as its an easy operation. Why wait? Palen looked at the map and said that VENTANA [BCN] AND THE JV AREA WAS MASSIVE but he thought at the time that there was a GAP BETWEEN THE TWO.

I now learn there is NO GAP as it is CONTIGOUS from the BCN NI43-101. SO PALEN GAVE US A BIG MASSIVE LEAD - HEADS UP. THIS WAS BEFORE DL*S PARTY and what he told them.

Palen RIP was involved in an accident in Thailand and his daughter used his Twitter to tell everyone. That is if I got the right Palen.

My word- this London listed royalty co paid £28m for a % royalty. Royalties are usually tiny. From what I know it cost a FORTUNE TO BUY EVEN 1%. Solgold sold 1% from recall for $100m from the No 1 royalty co with a mkt cap into billions. Solgold has been offered another $50m for another 1/2 %.

So, SONORA SOLD FOR SOME US$50M FOR 50% STAKE?? A No 1 ranked lithium project with 2 50 years of mine life??? No 2 Thacker Pass MAX IS 46 YEARS and royalty alone sold for £28m = US$39m.

Something wrung.

Its called market mis-pricing gap.

So, that*s it. DL - WONDER IF HE IS WOKEN TO THE BIG MONEY IN LITHIUM NOW?

Barksy1- you saw how desperate buyers are ie spot lithium ie spodumene? I tweeted it for you today. That*s from Fastmarkets.

Yes, Barksy1, I remember you did the research on the other co in Sonora who was also interested in mining lithium.

WAKEY WAKEY, I SAY.

without off-take or financing yet. All City rule of the game says that triggers in layman*s parlance has to be permit, off-take and financing before the next re-rate.

AMAPA
This is the new direction of KDNC which is via Suckling*s contacts per DL.

LITHIUM
This is where Wall Street money is going. Australia*s richest woman and her son have a stake in Vulcan in Oz, mkt cap $900m still at green field stage with a lithium project in Germany. One talks telephone no*s for Oz co*s and even a few Canadian ones.

So, London lags behind.

KIRAN MOZARIA, CEO
He has an MBA and from this discipline he will be aware that co*s must SPREAD RISKS whether by jurisdiction or by commodity type.

I dont want to touch on iron ore but I am very definate that KDNC are in contact with professionals in the City etc . DL, one of his directors in his co is the COO of a NEW YORK BOUTIQUE HEDGE FUND specialising in commodities - this is the co that is helping PREM obtain their finance etc. DL said he flew to NYC to meet a hedge fund and now it transpires that the COO is a director in 1 of his co*s.

Therefore, bearing this in mind, I WOULD LIKE TO KNOW HOW KDNC IS GOING TO HEDGE RISK?
Goldman is warning about Rio and its risk exposure to IXXX OXX given that their forecast prices say X in X-Y years given supply coming to market.

This, I am very sure KIRAN MOZARIA KNOWS. THEY HAVE TO KNOW INDUSTRY FORECASTS and the FUTURES MARKETS WILL INDICATE. They need to know as they have to make the decision to SELL SPOT OR SELL FUTURES etc. They and co*s like BP, Shell all have to know the MEAN for prices and not just X or Y price today. From this, they plan accordingly so that their FIXED COSTS do not get out of hand and they cannot cut back on the spot - all needs planning and not HAP HAZARD.

I recall Kiran Mozaria was happy to answer your list [long] of questions and he sat down with you. Some people rub others the wrong way and from this account, I know that you have the persona to tackle it professionally.

These are the type of questions any FUND MANAGER will ask - they will do a co visit. Us folks have to wait for the AGM. I cant go down to London and I have never communicated with Kiran Mozaria , only DL on Twitter.

However, I find he no longer is amused and he speak to NO REM*ers no matter who they are. Me and Barksy1 have been supportive to this very day but maybe the apples all got put together.

Its a big loss to REM with DL gone - he found T H E NO1 LITHIUM PROJECT IN THE WORLD RANKINGS and even EMH, LARGEST IN EUROPE but that is another story.

LITHIUM IS VERY HOT RIGHT NOW AND WILL BE IN THE COMING FUTURE-DL SAID THAT HE DID NOT WANT THE NAME CHANGED BUT IT WAS DONE TO KDNC.

OK , HE IS NO LONGER IN THIS CO SO THE VISIONARY AND FOUNDER GONE BUT KIRAN IS AROUND WITH AN MBA , so he know that what I say is MBA 101 whether it is head of BP or Shell or BHP or RIO - only laymen dont know cos they are not aware what is involved

Ref: "10 BIGGEST LITHIUM PROJECTS" - Mining Tech.

No 1 is SONORA. Mexico. - lithium will last 200 or 250 years depending on which article on reads. [ 2 43. 8 Mt ]
No 2 is Thacker Pass, USA. - lithium will last for 46 years. [ 1 79 .4 Mt]

No 3 is Wodgina, Australia [151 Mt], No 4 Pilgangoora , Australia [108 Mt],
No 5 Earl Grey, Australia [94.5Mt], No 6 Greenbushes, Australia [ 86.4 Mt]
No 7 WHATBOUCHI , CANADA [ 36.6Mt]. No 8 Altura*s Pilgangoora [34.2Mt]
No 9 Goulamina, Mali 31.2Mt and No 10 Arcadia, Zimbabwe 26.9 Mt.

One can see clearly that MEXICO [1], CANADA [1] AND USA [1]. The rest are Australian in the main.
---------
SONORA - VENTANA [100% owned by BCN]
A/c to miningdata online, the Stage 1 mining will be at Ventana [885] and the lithium will LAST FOR 19 YEARS. Kiran Mozaria said in his latest interview that KDNC - start from YEAR 8? He did NOT elaborate how. 19 years is pretty normal for a mine life although majors prefer a bit longer life span.

-----SO, SONORA AT 200 OR 250 YEARS IS A WHOPPER OF A DEPOSIT---------
How? No 2, Thacker Pass will only last 46 years?

So, 200 M I N U S 19 = 181 years for nearly what BCN does not own OUTRIGHT 100% [just rough figures which is not accurate to the last decimal].

Even 250 minus 19 years = 231 years for what BCN DOES NOT OWN 100%.

SONORA PART 2 LICENCE AREA IS A JV WITH KDNC OWNING 30% - EL SAUZ, EL SAUZ 1 & FLEUR.
From BCN*s NI43-101, it appears that BCN has drilled EL SAUZ?

Degsie was told by Kiran Mozaria recently that on the books [KDNC a/cs], the value placed on the SONORA JV is some $103m from recall and this included the % stake in BCN at the time. There is NO PURE FIGURE seperation so one cant tell how much is the SONORA JV VALUED AT ON ITS OWN from the $103m. It is well known that VALUATIONS ARE TAKEN and this valuation is VERY OLD and whether there has been a new valuation I am not sure.

KIRAN MOZARIA MENTIONED IN ONE OF THE LAST FEW RECENT INTERVIEWS: "WE HAVE AMBITIOUS PLANS FOR SONORA."

WHAT ARE THEY, MR MOZARIA?

A/c to David Lenigas, he told us REM*ers that he did the legals in such a way that REM CAN SELL THEIR 30% JV WITHOUT REFERRING TO BCN. Also, Mr Isdeer wanted DL to buy the further 19% JV to take it up to 49%- DL SAID THEY CANT AFFORD THE PRICE!!!!!

Well, it is MIND-BLOWING. DL goes to Mexico, takes a couple of pics for us to see and says its a world class mine and its going to contribute X% to global lithium and is worth $50bn? He told Daily Mail Midas that also and I have cited this article before as it was a buy recommendation from the Mail Online then. Just like that. Hardly drilled and he can just say that. Man must be able to smell big money.

TURNS OUT AFTER ALL THAT DRILLING, PFS, BFS ETC ITS TRUE THAT IT IS T H E NO 1 and acknolwedged so.

Cant blame DL that he said 5p at a party as that is only about £180m+++ when REM was £95m at 2.25p intra-day highest for all time.

EMH is £175m even no

@Ivybush Great to hear from you. Per your last post some time ago, you were right to evaluate it in that way given you were in that type of profession anyway. People ring around and they obtain actual commercial insight.

LITHIUM
Today, I watched the video interview with Lon Sth East wherein Thacker Pass royalty was bought for £28m [deal was in US$39m] given this is a Nevada project = biggest lithium project in the USA. I just could find details of how much royalty they got ie % for £28m. As a comparitive, Gan bought nearly the last 25% or so for some US$25m approx [around this area]. So, 50% odd costed some US$50m for Sonora. Stunning?

Several big events happening. Ford has moved from Ohio to MEXICO for its new model [4 days ago]. From the past, I gather than NEAR Sonora , there are car manufacturers. However, missing is car battery production from what I gather from other news reports.

In the US, as I stated the SEC has called 30 firms including Tesla etc & Livent to a closed door meeting to help them MOVE TO CANADA by order from the US govt. Meeting behind closed doors and NO MEDIA info or details put out. Canada a/c to the report said that they consider Canada to be the 51st state!? This is because activists, enviro^mist all oppose big mining in the USA. Even Rio*s Resolution mine [big copper project] is facing difficulty. Needless to say, Pebble has NOT been granted a mining permit in Alaska. From this report, I learnt that LITHIUM CANNOT OR SHOULD NOT BE TRANSPORTED over long mileage. Oh my. My logic tells me the reason why which is obvious.

So, regarding SONORA - is it not logical to have a LITHIUM BATTERY PLANT in the area so that the car manufacturers can use the lithium from SONORA? This was the discussion in the days of REM.

Then, yesterday news of a takeover which means that the TRAIN CO MERGE FROM USA , CANADA TO MEXICO [$29 billion merger - freight]. Oh my when one puts two + two as to what FREIGHT is going from these 3 places? I am not sure if one can put lithium in freight trains and its safe? If it can, then Sonora lithium can go to Canada or even the USA? We hear that another co was going to mine lithium in Sonora but I never kept up on that.

Back to what I wanted to discuss with you re: SONORA.

The fall is outside the statistical norm today, Mon 22 Mar 2021.

On Fri, 19 Mar 2021,I added up all the trades which came to £404,92 at above 7p [only 1 at 6.68p]
This has just appeared after the mkt closed at 4.30pm, Mon 22 Mar 2021:
£35k
£35.96k
£35.3k
£35.56k
£34.38k
£39.99k
£39.56k
£35k
£29.77k
£41.86k
£42k [660k XTR shares]

Per comment currently, these are delayed sells from Fri, 19 Mar 2021.

On Sun, 21 Mar 2021 over on another forum, the 1% cu copper post appeared. Then on this forum, this was also the topic.

In the USA, these sort of things happen at times but it is accompanied by a short-thesis?

Interesting.

However, as said this same subject matter had already been answered last week - NO EVIDENCE OF 1% CU COPPER overall grade in all the WORLD CLASS MINES in the Lachlan Fold, NSW, Australia or other deposits. XTR is in the Lachlan Fold near these world class mines eg Cadia-Ridgeway.

I have today shown that BODA at "UP TO 0. 3 5 G/T" per Edison broker*s report latest being Dec 2020 [11 holes reported at BODA] that this means that on a STRIKE of 1,000m x 1,000m [SAME AS XTR*S RACECOURSE], they attribute indications of a potential prospect of 7 3 8 Mt to 2. 2 4 1 BILLION tonnes which is TIER 1 TERRITORY and which the CEO of Alkane said he was expecting or thinking in his Jan 2021 RNS/ANN.

I refused to buy even 1 share [to add] given that people lost out due to the confusion etc.

Mon, 22 Mar 2021.

-----------BODA: Edison Broker Report Dec 2020 [1] & Hartleys Broker Report [May 2020]---

Loads of detailed assay results with differing intersections quoted by the 2 brokers.

--------738Mt tonnes to 2.241 BILLION TONNES @ UP TO 0. 3 5 G/T AU [EDISON]------
--1,000M STRIKE X 1,000M---

PROVEN BEYOND THE SHADOW OF DOUBT THAT BODA IS AS ABOVE PER EDISON.
NO WHERE DO EDISON AND HARTLEY SAY THERE IS 1% IN LACHLAN FOLD AND THIS IS EXPECTED FROM BODA. EDISON HAS IN FACT INDICATED A TIER 1 PROSPECT as everyone knows that anything 1 BILLION TONNES AND UPWARDS IS ALREADY TIER 1 TERRITORY.

So, isnt the 1% cu copper a MISSED INFOR?

2 BROKERS of note on BODA. THE EVIDENCE WITH LINKS TO CHECK. Note Edison said "UP TO 0.35 G/T."

XTR IS 0.33% CU COPPER EQ OR 0.3% CU COPPER although JORC is 0.44% cu & 0.064g/t gold.

Mon, 22 Mar 2021.

contd

EDISON CITED THE BODA NOV 2020 11 HOLE RESULTS and still said 738Mt to 2.241 BT tonnes
------------A T U P T O 0. 3 5 G/T?-----------------

It is common knowledge that 2.241 Bt is Tier 1. Even 738Mt is big.
---
XTR HAS THE SAME DIMENSIONS AS BODA AT 1,000M STRIKE X 1,000M DEPTH X 1,000M
per Mr Bird [please check].

GRADE 0 . 3 3 % CU EQ.

PER HARTLEYS, BODA*s drilling shows they have the same system as another 2 MAJOR MINES, one of which is "WORLD*S BEST." Can only be CADIA-RIDGEWAY [NEWCREST] , North of BODA and neighbour of XTR*s Racecourse.

I will now cite a 2ND BROKER REPORT on BODA from HARTLEYS, a well-known name in Australia. This will give a FURTHER backup to the EDISON REPORT of Dec 2021 in this thread with link and 11 hole results.

HARTLEYS BROKER REPORT - Alkane, May 2020
https://www.alkane.com.au/investors/research-reports/ [Alkane website on broker reports]
There is ONLY 1 report from Hartleys. The Edison report I cited of early Dec 2021 has NOT yet been posted up by Alkane but which I located.

"500m x 500m zone from NEAR surface to at least 1,200m BELOW surface.

Hole 6 267m @ 0. 29 g/t au EQ & 341m @ 0.43 g/t au.
3 502m @0. 7g/t au EQ
5 1167m @ 0.83 g/t au gold EQ
7 966m @0.34 g/t au EQ
8 68m @0.35 g/t au EQ
9 152m @ 0.31 g/t au EQ"

"Drilling has CONFIRMED the presenc of a alkaic PORPHYRY SYSTEM at North Molong. THE ONLY 2 OTHER SYSTEMS IN THE MACQUARIE ARC ARE MAJOR MINES & O N E OF THE WORLD*S B E S T."

My Comment:
One of the world*s best would be CADIA-RIDGEWAY as that is Australia*s No 1 for the whole of Australia and is the near neighbour of XTR Bushranger-Racecourse, Lachlan Fold, NSW, Australia.

If you look carefully at the above drill results which PRE-DATE Edisons Dec 2020 report [11 further holes], one can see with one*s own eye by comparing the 2 set of results that:

The set commented on by HARTLEYS appear BETTER than the later BODA 11 hole results.
Hartley*s commented at the time that BODA*S STRIKE WAS ONLY 500M [also mentioned by Edison who said it has gone from 500m TO 1,000m STRIKE].

THE SET OF 11 DRILLS REPORTED BY BODA IN NOV 2020 & SHOWN BY EDISON SHOW GRADES HAVE GONE DOWN and as said there is always VARIATION as shown INCLUDING INTERSECTION LENGTHS.

NOTICE THAT EDISON *S LATEST REPORT OF DEC 2021 [in this thread] stated that the STRIKE IS NOW 1,000m x 1,000m and that the resource could be "738 MT TO 2.241 BILLION @ UP TO 0.35 G/T ?"
-------------------------------------------------------------------------

Wow! 738Mt to 2.241 Billion, the latter is Tier 1 territory and even 1Bt. Wow! At "UP TO 0.35 G/T"!! Edison Report on BODA, Dec 2020 latest.
----------at 1,000m strike x 1,000m Dimensions : BODA, Lachlan Fold, NSW, Australia----

vs XTR RACECOURSE, Lachlan Fold, NSW, Australia.
0.33% cu eq. Also within this intersections of 0.4% cu and 0.5% cu copper.
Notice that Racecourse JORC is already 71Mt @ 0.44% cu & 0.064g/t gold.

-----------
Tier 1 is from the CEO of Alkane himself in his Jan 2021 RNS/Ann wherein he thinks they are headed for a Tier 1 deposit. ALKANE*S MKT CAP IS STILL A$400M PLUS [Mr Bird mentioned the mkt cap in his last Fri, 19 Mar 2021 interview with Sharetalk after Hole 1 assay results @racecourse]
----CONCLUSION: IF CEO OF BODA THINKS THEY ARE HEADING FOR A TIER 1 AND EDISON HAS PUT OUT THE ABOVE WHEREIN BODA IS HEADING FOR 738 MT-2.241BT.

AA only wants 440MT-JORC ALREADY 71MT.

HOW COME EDISON AND

Per Olderandwiser:
"News, I think we both know who started this nasty thread about the 0.3% vs 1% cu. Not on here but on the other place..." @15:57, Mon, 22 Mar 2021.
-----------
Olderandwiser:
I respect your honesty and integrity in saying that given you were in the industry before. In the USA and even in the UK, something like this come under the REGS as you may already now.

Many good folks have lost a lot o;f money due to the missed info [putting it mildly].

Never seen anything like this in all my years. You are the only one that spoke up about this 1% MISSED INFO vs NO EVIDENCE FROM THE AUSTRALIAN MINING GOVT DEPT which will have all the DRILLING REPORTS/PFS/DFS/BFS of ALL MINING CO*s with deposits in the LACHLAN FOLD, NSW, AUSTRALIA WHERE XTR*S BUSHRANGER IS SITUATED.

SO, AN IMPOSSIBILITY THAT ANY CO IN THE LACHLAN FOLD COULD HAVE EVER PRODUCED 1% COPPER OVERALL GRADE FOR THEIR DEPOSITS, WORLD CLASS OR OTHERWISE.

BODA IS HEADINNG TOWARDS TIER 1 DISCOVERY per the CEO of Alkane [Jan 2021 RNS/ANN] with the same dimensions as XTR?

Mon, 22 Mar 2021.