Member Info for r7632

Isn't this a potential offer. Not an offer.

So presumably if the offer materializes the offer price might be higher?

My bet on news from Ganfeng was it should be through early June, based on the previous one taking 4 Months.

They have mentioned increasing to 50ktpa.

There is a 200 year life of mine at these rates. So it's. Entirely possible to go much beyond 50ktpa.

I see it like Tesla going from 500k cars last year. One million this year. But aiming for 10 million or more by 2030.

Just a question of finance - and Ganfeng will fund half of it. Demand is there and BCN Will only be producing enough for a few percent of the Market. A lot of the other sources are higher cost or lack water resources to expand exponentially. Also it just a few days from extraction to shipping out Lithium. Not months of evaporation ponds like Chile, Bolivia, Argentina.

Sanctions by USA will not affect BCN. The Lithium is going to China via Ganfeng and Japan/Korea via Hanwa.

Well the Lithium demand is continuing to rise exponentially and BCN already have offtake agreed for Stage one and two.

They are fully funded for Stage one and with Ganfeng raising their stake back to 28.8,% will have a large contingency fund.

I expect next Fund raise will be for Stage 2 at which point the SP will be much higher. And remember Ganfeng will fund 50% of stage 2 anyway. So they will need 200million for a mine expansion of a mine already making over 100 million profit per year.

This is way undervalued.

I'm happy to hold and wait.

https://youtu.be/fbNYM5x-3KY

Not enough Battery Grade lithium next year.

I see this anti Secker chat a lot. But Gangfeng own 50% of SLL and soon will be 28.8% of BCN - I think the Chinese take about 4 months to authorise these payments based on previous buy ins. So in June they will have cleared and funds should in the BCN Bank Account.

The Mine is funded and backed by Gangfeng and M&G. I think we will realise the full value. Can't say when though.

I think is just a waiting game and ticking on project objectives versus timelines provided.

Gotta say those who have got in later have done much better than early investors like me. But if it realises its potential value I'll be happy.

I'm hoping that stage one will be 20ktpa as mentioned briefly in one of the interviews after the fund raising.

I reckon Covid 19 will be used as an excuse for a two year delay in any SFO decision - by which time Petrofac wil have been driven to the wall. Then they will say they are no charges to answer and Petrofac can continue to find business. But it will be too late - another company ruined by incompetent Civil Service.

I used to have a Hybrid, then a Plugin Hybrid and now a BEV. Plugin Hybrid only because the only BEV was a 24kwhr Leaf.

Now there are very good BEVs on the market from many Manufacturers.

Toyota, BMW, Honda are sticking with old technology but they are not that efficient and certainly not clean. TH EU looks to have realised that and from 2025 they wont meet emission standards.

With cheaper BEVs and tighter emission standards there will be no benefit in Petro/Diesel car/trucks. BEVs are faster, low maintenance, and if you can charge at home very cheap to run. This is because some of the charging networks charge far to much per KW but at home you can get a EV Tariff.

mrJames Left Fuengirola - near Malaga at 8.30am Saturday - Stayed overnight at Rivabellosa - South of Bilboa. Left 9am Sunday got the Calais-Dover Ferry about 3am Monday. Drop off in Fulham London 6.30 am - Home in Finchley North London 7.30 am. Less than 48 hours. Stopped every 2-3 Hours at Tesla Supercharger. Just let Autopilot Maintain Speed and Steering. Just following speed limits and no Traffic problems apart from Bordeaux ring road roadworks. On way to initial Destination of Vera (South of Alicante) stayed at various Hotels with Free Tesla Destination chargers.

https://seekingalpha.com/article/4420928-bacanora-lithium-overvalued-on-fundamentals

It says it will only be Cash Positive after raising more money for stage two. But It will be Cash positive after stage one In that it will only take a couple of Years once in production to pay of the RK Equity loan.

I don't know when they will move from Stage one to Stage two but I'm happy with the progress now we are fully funded to production of Stage One.

And Yes Lithium America has a Market Cap of Billions and last I looked was not going to Produce from Argentina till 2022. And the Nevada Clays hasn't completed a Full Feasibility Study yet. So in comparison I would say we are under valued.

I read so much rubbish from Journalists. Like it is so difficult to charge an Electric Car. I have had no problem with charging mine. Even driven to Spain and back.

https://youtu.be/ELDDUnPlHms

So thats 1800 per tonne higher than used by BCN for its projections

https://youtu.be/ELDDUnPlHms

Direct Lithium Extraction. Using old oil and new wells to get lithium from aquafiers.

Interesting but long way from production. Greater capex than BCN - 600 million for 20 ktpa.

I'm happy after being years with BCN at a loss. To stay here as the hard work is done and 2 years to production.

But some might like diversification. My concern would be seeing early investors not being rewarded as is the case with BCN.

I don't see Ganfeng or the Chinese Government not going forward with their increase to 28.8%.

But BCN already raised enough money without this to fund mine build out.

I sure their 18-24 Months build estimate included roads and site preparation - and these started as soon as the fund raising was completed which was a couple of months back.

I think they already adjusted the cost estimates down. But not by much. I can't see any change up or down being large or having much effect.

I think the engineering package might have interesting details on the Lithium Hydroxide production setup. They might also confirm initial production is targeted at 20tpa - as mentioned in one of the interviews.

I'd like to see pictures or video of progress like you can find with the New Tesla Gigafactory Texas, Berlin, and Shanghai.

Progress on upgrading roads. Leveling of site for processing facility. Just to see things moving along.

It's kinda hard to predict what's going to force the SP higher. Confirmation of Ganfeng increase to 28.8%
Completion of roads
Completion of site leveling
First structures being built on site
First deliveries of equipment to site
Completion of utility connections
Increase in Lithium sale prices - increasing NPV

Are now 18 months from first production. Time is passing since funding completed. That is the work had started and is progressing although not on daily videos like SpaceX and the Gigafactories.

Telegraph is talking rubbish. Elon MUsk is worried about hard to come by Metals, Cobalt, Nickel, Magnesium. These on only produced in a few countries.

There are lots of Lithium everywhere. The difference is cost of production and impurities. BCN is amongst the lowest cost producers (on paper a least). The hard rock lithium are plentiful but cost almost double to convert to LCE, or Lithium Hydroxide. The only problem as we have found at BCN is getting the money to invest in the mines.

They also talk about after 10-20 years lots of batteries need to be replaced with the old ones being recycled. So the need to constantly build new mines may level off. Really does depend on have much storage and ev is needed and when that demand is saturated.

But unless someone comes up with a much cheaper production method BCN should still be cost competitive and find a market for its Lithium . But If you look at the expected LCE/Hydroxide prices for 2021/2020 BCN forecast profit is very low as it is based on 11k pt where the current estimates of pricing is 13k to 16k per tonne.

Do your own research EV and Storage are on an exponential curve as Tesla ramps up production and everyone else jumps in with competing products. The future is bright. BCN has been a long waiting game for returns so far. but we are over the hill and on the downward slope with production expected within 18 Months.

I think looking at Mexico nationalising Lithium does not make economic sense.

They are getting taxes and royalties from BCN when in production and its providing jobs and further interest in mining in Mexico.

Now if they Nationalise they need to pump in 450 Million for stage one and another 420 Million for stage two. Then they get 200 Million a year profit and another 200 from stage two And all the harm they will do to the Mining Industry in Mexico will far outweigh this modest gain. And if they Nationalised it who has the skills in Mexico to take this mine, or any other, into production. It's more non sensical Jeremy Corbyn , Nichola Sturgeon economics. It just doesn't add value. The gain for Mexico is not in the Billions like Oil. The quantities/volume is miniscule 17.5ktpa rising to 35ktpa or 50ktpa Versus Millions of Barrels of Oil per day.

Venezuela nationalised their Oil and everything else. Look where they are now. It doesn't work.

Anyway you look at this its an Idiotic idea by left wing idiots who think money grows on trees and promise utopia to the electorate. That's not to say they wont do it. Just look at Politicians around the world - you have to wonder who in their right mind voted for them.

“This is something that foreign and national private investment can generate. In the end, all these companies pay royalties and taxes for the exploitation of this resource ”, he concludes.

https://www.explica.co/the-reason-for-the-heated-debate-on-lithium-in-mexico.html