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Latest I heard for Thacker Pass is they are targeting 40ktpa + 40ktpa. e.g. their corporate presentation:

https://www.lithiumamericas.com/_resources/presentations/corporate-presentation.pdf

Wouldn't surprise me if after (currently!) losing the Millennial bid to LAC, Ganfeng might be targeting something similar for Sonora - especially since they've been involved in the process sheets of both projects for some time. More, and Implications at:

https://www.reddit.com/r/CadenceMinerals/comments/qbvifl/sonora_project_update_ganfeng_is_reviewing_a/
https://www.reddit.com/r/CadenceMinerals/comments/qtpwkw/bcn_rns_sonora_project_update_ganfeng_expansion/

... £2 tomorrow, £3 the day after...

LoL @Kluck. % of shares held by PI's in KDNC vs % of shares in BCN - I'd like to see them try to get away with a low ball hostile offer, and I can't see our BoD recommending anything below a £1 :-)

Interesting! They can have my shares for £1 today, £2 tomorrow, £3 the day after. Better be quick, you see where this is going! ;-)

Indeed @EV. And noting that their market cap was up from today's £1.2B close to £2B earlier in the year when market conditions were more favourable.

@BorderBob. I think you might be missing some pieces from the story. Relevant quotes from the RNS which got us excited:

"Capital reduction effective and Sonora Project Update" (20 October 2021)
https://polaris.brighterir.com/public/bacanora_lithium/news/rns/story/xz95dlr
===[
In addition, Ganfeng is reviewing a lithium plant production rate above the previously planned 17,500 tonnes per year.
...
In addition, the Company has acquired an additional 500 hectares of land at the eastern end of the plant site location to allow for future plant expansions.
]===

Expansion plans benefit KDNC shareholder much more than BCN ones as the relative increase of the associated NPV to KDNC is much greater than it is to BCN because very little is mined from the JV's in the current 17.5ktpa/35ktpa plans. To my eyes Ganfeng could have big plans for Sonora, potentially 80ktpa plans, especially so since they recently lost 24ktpa they bid for Millennium.

More speculation along with possible dual mining from the "South Pit" and "North Pit" meeting in the middle, along with consequences for KDNC and potential valuations can be viewed here:

https://www.reddit.com/r/CadenceMinerals/comments/qtpwkw/bcn_rns_sonora_project_update_ganfeng_expansion/

It's all educated guesses at this stage, but foreresearched is forearmed in my experience - the world is going to need a heck of a lot of lithium in the coming years - and Sonora can be scaled up, and scaled up fast! ;-)

Ob.

I prefer to remember it as the 75.6ktpa scoping study @tomcat! lol ;-)

"US$2 Billion NPV Valuation of El Sauz and Fleur Lithium Project, Mexico." (22 December 2014)
http://irservices.netbuilder.com/ir/cadence/newsArticle.php?ST=REM&id=1367479
===[
The NPV is achieved with a constrained optimised pit shell of an average of 69,800 tonnes of lithium carbonate per annum over an initial 20-year mine life, with an average of 75,600 tonnes of lithium carbonate per annum between years 2-19.
]===

But yes... Interesting!

Certainly double. Don't forget about the additional waste storage facilities @jimb! Further speculation at:

https://www.reddit.com/r/CadenceMinerals/comments/qtpwkw/bcn_rns_sonora_project_update_ganfeng_expansion/

There's some discussion of Thacker Pass in the comments at: https://www.reddit.com/r/CadenceMinerals/comments/qbvifl/sonora_project_update_ganfeng_is_reviewing_a/

Fingers crossed!

Oh I've thought about it @EV! ;-) No point in shouting about it from the rooftops just yet though is there? Or is there!? Error, error: cognitive dissonance malfunction.

"The term cognitive dissonance is used to describe the mental discomfort that results from holding two conflicting beliefs, values, or attitudes. People tend to seek consistency in their attitudes and perceptions, so this conflict causes feelings of unease or discomfort."

I want the share price to go down and up at the same time - therefore I'm suffering from it. On balance, I think I'd be happier if it went up! But when I add, I'm happy that it went down! lol.

@MBW - I do not know how many times I have to repeat this: You do not need to create an account or log in to view the content on the KDNC reddit pages - if you did I wouldn't be contributing on there... How many times? One more? lol.

Absolutely @Mer - I've been adding the past few weeks on the back of my Strong Buy conviction here and sub @29p prices. I'm massively overweight KDNC now, as I'm guessing a few here might be! but all the signs are there to my eyes that the deal is on the cusp of closing. The share price pull back since the recent announcement has been too tempting to resist, and whilst I continue to add so long may it pull back - sorry @MBW! But I also hope the share price rises up to beyond @29p BEFORE news. A bit of cognitive dissonance for you to digest there. lol. ;-)

It's a bit of a "steal" if it pans out in this direction! Perhaps we've had this ace up our sleeves all along? @Kiran!?

I particularly liked the 5-6 minutes section on off-take discussions and strategy which I've transcribed here - quoting the summary below:

https://www.reddit.com/r/CadenceMinerals/comments/qqz9ji/comment/hk71cao/
===[
i'm more interested in signing the right off-take agreement than signing one just for the sake of it and you know i think it's fair to say that a number of the off-take agreements we've seen announced by other companies are really just an option on behalf of the buyer, we would rather do something that's a little stronger than that.
]===

Just realised the last news related to the bank credit committee approval was a month ago to the day. An update would be appreciated @Kiran! Assuming monumental news isn't imminent... ;-)

Oh, your "banks" probably covers that...! :-)

But it COULD be the agreement documents submitted to the courts @EV. lol. Seriously, they could be. Time is ticking on that 60 day clock ;-)

LoL @degsie. Well if you want to speculate, the documents COULD be the agreement... ;-)