Member Info for realdeal2

Sometimes I just don’t understand investors, we have a lithium mine going into production after years of pilot testing and will be one of the biggest in the world, market cap takes the biscuit

There’s investors conference end of this months our ceo will be there perhaps fs rns just before

Canada closed 1.84 cent I make that 110p

to$24.1 billionin 2023*

"Lithiumsupply securityhas become a top priority for Asian technology companies" "The globallithium-ion batterymarket was estimated at $17.5bn in 2013. Market size to quadruple ($70B) by 2020 *" GM anticipates the Bolt will deliver an all-electric range more than 320 km, with a cost beginning at $30,000 -after a federal Current forecasts predict the global market for Li-ion batteries in passenger vehicleswill grow from$3.2 billion in 2013

Someone paid 108.75 for 48,200 shares 16:13:08 108.75 48,200 52.42k

Construction about to start straight away from fs report with off takers in place this really is a gem still not in many investors radar yet

This is grossly undervalued, “Chairman's Statement We are developing one of the world's largest lithium projects and I believe we are at a tipping point. ”

Off take agreements done with hanwa after a extensive due diligence, certainly vote of confidence

Highlights -- Delivering on objective to transform Bacanora into a global lithium producer -- Strategic partnership and offtake agreement for flagship Sonora lithium project in Mexico ('Sonora' and 'the Project') secured with Hanwa Co., LTD. ('Hanwa'), a leading Japan-based global trading company and one of the larger traders of battery chemicals in Japan o Partnership provides third party validation of quality of resource, process and product and follows extensive due diligence by Hanwa covering the Project, Pilot Plant and battery grade lithium carbonate samples -- Feasibility Study ('FS') on course to be completed in Q4 2017 and expected to confirm Sonora occupies a favourable position on the industry cost curve -- Battery grade lithium carbonate continuously produced at the Company's Pilot Plant since May 2016 has enabled optimisation and refinement of beneficiation process for Sonora FS -- 4,000 metre infill drilling programme completed to upgrade a portion of the current Mineral Resource from the Indicated to Measured category, in conjunction with geotechnical and hydrological drilling for the FS o Sonora currently has a large Indicated Resource comprised of 259 Mt averaging 3,200 ppm Li for 4.5 Mt of lithium carbonate equivalent ('LCE') o An updated resource model prepared by SRK Exploration Ltd to be included in the FS -- Acquisition of 50% interest in, and joint operatorship of, the Zinnwald Lithium Project ('Zinnwald') in southern Saxony, Germany- provides potential entry into the thriving European lithium market, which is being driven by the automotive, renewable energy storage and chemicals industries -- FS at Zinnwald commenced post period end: o Bulk ore sampling work to provide samples for metallurgical testwork for the flowsheet o Infill drilling programme planned for late 2017 to upgrade the existing resource model in accordance with National Instrument 43-101 - Standards of Disclosure for Mineral Projects Chairman's Statement We are developing one of the world's largest lithium projects and I believe we are at a tipping point. We have already proved that we can produce high quality battery grade lithium at our flagship Sonora Lithium Project in Mexico, which is one of the world's larger deposits with an Indicated Mineral Resource of 4.5 million tonnes and 2.7 million tonnes Inferred of lithium resources. We have received backing from institutional investors and we have secured an agreement with one of the world's largest traders of battery chemicals. The stand-out development was the signing of a strategic partnership and off-take agreement with leading Japanese trading house Hanwa for up to 100% of production. In our view, securing a partnership with a major trader of battery chemicals in Japan with reported net sales of more than Yen1,000 billion in 2016 provides industry validation of the large and scalable resource we have identified at Sonora; the work we have done

Right product, right time, right share to buy along with hydrogen as well, governments going made for electric cars etc

Just sold some loss makin shares and added 5k at 108

I have to disagree Collin, Bcn fs due anytime now, product tried and tested for high quality, hanwa taken 10 percent and have option of further 9.9 percent also off take agreements in place, construction to begin ASAP after fs report, by 2019 bcn will be selling, just a bit of summary

I have to say this probably is one of the best lithium play in the market

I think it’s worth reading this bit again to new investors, look at the confidence of hanwa, This saw Hanwa acquire an initial 10% equity stake in the Company via the purchase of 12,333,261 new common shares in the Company. Hanwa also has the option to increase its interest in Bacanora to up to 19.9%. Off-take agreements typically do not require any investment on the part of the off-taker until production commences so for Hanwa to agree to invest in the business represents a major vote of confidence not just in Sonora, but also in Bacanora and the management team.

Sorry resistances was 106 which is broken https://www.barchart.com/stocks/quotes/BCN.LS

107 about to go and that was a resistance on barchart

I would say it’s break out

Closing days high

Coo, I wouldn’t rule anything out, hanwa after years of testing the product takes a stake and surely will be increasing, next few weeks when fs is out it hopefully will be firework