Member Info for r7632

https://www.youtube.com/watch?v=Pulyoz0ZcOo&ab_channel=TheLimitingFactor

Im hoping to see 85p within six months. VSA target price of 120p hmmmmmm.

One thing is Peter Secker is saying around 15.26 minutes in (summary) first phase will be 20tpa and easily scalable to 50tpa, or more!!!.

I imagine Ganfengs' extra money by raising their stake to 28.8% allows for that increase from 17.5tpa to 20tpa. .

https://www.bacanoralithium.com/media/webcasts-and-interviews/#project-3

Good look digesting that little snippet.

No these short term dips do not change the investment case for raising their stake to 28.88%. it's still good value. If they want they can buy on the open market. But that demand would raise the price significantly. So there couldn't easily do it any other way.

Yes. You need a backbone.

Brokers target price is 85 and 120p.

They are a fully funded Junior miner with huge 8.1 Mt Lithium deposit which is amongst the lowest cost producers for top quality Lithium. 2 Years away from production.

Just had placing where shares in issue have almost doubled.

I like some others believe some that bought in the placing looking for a quick buck are offloading those shares forcing the price down. Others like me hoping to stay around and see 85p or 120p a share.

With the US car manufacturers there it seems a reasonable assumption. Just a question of when.

Although the drug cartels are probably not into being green . They will love speed of a Battery electric vehicle. All bulletproof Tesla cybertrucks,? And a few Tesla semis to outrun the police.

if they wanted a larger stage 1 mine they would have tried to raise more money and stated why it was needed. All the statements and prices were for the previously stated stage one mine of 17.5k tpa.

Just a small point but BCN have agreed Market Price with Ganfeng and Hanwa. Who cares where it goes. It can stay in Mexico, USA, Asia, Europe - where ever as long as they get the best/market price for it.

My understanding is Hanwa have 50% of Stage one for Asia, Ganfeng the Other 50%.

Stage 2 is what maybe 6 years away and Ganfeng already have and agreement for 75% of that I think.

It not like BCN will have a problem with customers. I think Gangfeng will take everything BCN produces as they own 50% of SLL and 28.8% of BCN.

Sounds of Men on the Titanic saying it will never sink. Punch drunk with this one. Some hyping it up, others talking it down.

SFO close case. Covid vaccine delivered and I think it will be ok. Before then in a holding pattern.

I think Npv was based on. 11k per tonne LCE.

On prices if Npv was achieved I think the do would be around 170p based on the number of shares in issue, 390,000,000 and 667 million GBP Npv.

Do do you expect to go above Npv, or the Npv to be increased.

Ganfeng top up to 28.8% is not required. The placing secured all the money needed to build the mine and start work on it. Which they are now doing by getting quotes to improve roads and remove top soil from land into storage so they can dig the Lithium. The topsoil and plants to be restored after the land is mined.

I don't think royalties were due on the Sonora project.

I think it was Mexilit and Megalit. The ones where cadence has a 30% share. So no hurry as they are not due to be mined for 20 years.

All delayed historical trades. 10 and 11th feb

Nearly all buys.

Most for 10k GBP plus.

Same as yesterday.

Not sure how that works.

Ganfeng all have contracts to supply most if not all lithium battery makers. Including Tesla and VW group who appear to be the big two Western World EV makers.

https://twitter.com/BacanoraL/status/1359820485698199552?s=19

Nice to get some postings on here occasionally.

I look at the trades. Most of the day seems to be buys.

Close to the end of trading lots of large sells go thru.

I think it's just the new 100 million new shares finding new homes.

Keeping prices down.

So in time this will settle. And we will be back to 68p.

No idea how long this will take though.

Regarding the challenge to Lithium.

It may be some other form of Lithium battery. Phosate, solid state.

But hydrogen not economic use of electricity.

Nuclear no in transport or in storage.

Flow batteries. Static storage yes. Transport no.

I think Lithium batteries here for a long time. Safer than petrochemical. Non polluting. Recycleable.

Soon Electric cars will be bought for similar price to Petrol cars then anyone with any sense will buy them. No maintenance for many years. Tyres mostly. Non polluting. Quiet. Fast. Cheap pet mile.

Transport is really huge market that will take twenty or so years to replace the current fleet of polluters.

I have no fear that demand will decrease in the next 50 years. And even if it did most mines have a shorter life. Bacanora has a 250 years mine life. Hopefully they will increase investment over the years and reduce that by extracting at higher volumes.

They are lots of Mining Companies in Mexico apparently.

https://oilprice.com/Latest-Energy-News/World-News/Bacanora-Lithium-Starts-Work-At-Flagship-Project-In-Mexico.html