Member Info for Si90

Not to mention Ganfeng confident that the capital cost of plant equipment can be reduced by using their contacts and also the fact that a Team of their experienced engineers are ready to go from completing a project in Argentina, which should also reduce build costs. Suddenly the 65 million starts to look insignificant in the scheme of things.

Your not the only one! Been in this a long time now, and this deal will unlock the potential of this place. I really do believe that if the deal does go ahead, production capacity really will be ramped up very quickly.
That said, I am not getting my hopes up too much about an rns next week. I really hope it lands, but the previous rns states that “both parties will have done their due diligence by the 28th, ready for signing”. I feel it could be a long weekend waiting for the news that the deal is going ahead.
Or I could be reading it wrong and they will have signed by then.

Think the damage is done here! I bought in again in the middle of may thinking with all the news this has got to move one day. Currently 10% down. I dont think I have ever managed to buy these shares and sell them for a profit! Should have just bought bcn instead!
Hopefully things will change. But it seems there are so many people desperate to get some money back, as soon as the share price moves up on any good news, there are a wave of sellers getting the hell our, and a load more people getting spiked. And so the cycle continues.

Yes tomcat. I was thinking the same. Why mess about with spodumene when you can get as much battery grade material out of Sonora, easier and far cheaper.

We are not mining clay as you think. It’s a soft rock. Listen to some interviews by Peter Secker. It can be processed wet and does not clog up like the white coats of china. We have been providing samples to battery manufacturers for years. Hence the offtake agreements, so to say unproven Is wholly misleading.

Give us some examples of junior miners who have got funding, sold their product and are shovel ready. There are plenty of companies out there who have completed a Pfs, but have yet to even start raising money, or get any pay or take contracts in place. I’m not talking about letters of intent or mou’s. It is agreed that Gangfeng have got an extremely good deal, but so have we for what they are bringing to the table. And we are still in control, not them.

This idea of using methane (CH4) sounds a bit daft to me as well. Using a special membrane to separate the hydrogen from the carbon, sounds like an extra layer of complexity that will keep the costs high. And as nothing is free when we convert one one fuel source to another, I I wonder how much energy is lost in the process. Then you have to charge a battery and then eventually power the motor. And then what happens to the carbon once you have separated the hydrogen? Is that stored in a tank? Or just dumped to atmosphere. Might as well just burn the methane in an internal combustion engine.

I wouldn’t exactly call petrol safe! If the world had gone ev to begin with, and now people were pushing this radical new idea called the internal combustion engine, there is no way on earth it would be accepted by society! Drive around with 60 litres of highly volatile liquid sat under you! Driven by an engine that is designed to make it explode. No thanks. I will stick with my battery I think.

If lithium fluoride is 22k a ton, how much is pure lithium worth? Peter Secker does mention it in an interview, a few times. Highlighting the fact the further downstream you go in the better the finances look. I wonder how much the industry talks to each other with regards to the products they want. I always think of that sly smile he gave in the pro active interview when asked if he had any interest for our products.

The 28th is a Friday. If no rns lands on the Friday, that is definitely ONE weekend that I wouldn’t want to be out of this!

https://mobile.twitter.com/i/web/status/1140127281110822912

It can form a new base around here for a week for me. Give us good support for the next leg up.

Only if they know of no reason for the share price rise. They do, and Peter Secker stated that the market gap should start to rise, to close the gap to what we are really worth. Maybe if it goes over the $1.25 billion npv, but calm down abd. We are not there quite yet

Why would you want to sell out so cheap? We are in a position to make hundreds of millions over the next ten years. And once gangfeng get involved officially, there is nothing stopping us. Permits in place, supportive government, local port and. Not to mention we have actually sold all of our production for the first 5 years at least.

Well done Wolster. Impeccable timing! Some of us joined the 21st century 5 years ago, and have been punished ever since! But while many are congratulating themselves (and rightly so) for buying in the teens and twenties, and are now sitting on huge gains, remember there are many on here who bought anywhere between 80p and 150p. I doubt many of those holders have gone far, I see a lot of familiar posters who have been here years, and we want a return on our investment too. The share price has a long way to go yet.

It must be the equivalent of Texas at the end of the 19th century!

8,800 000 x $11000 $96,800 000 000 Or, a more realistic calculation, as it will cost $4000 a ton to process. 8,800 000 x $7000 61,600,000,000 Either way that’s a lot of zeros compared to our £45 million market cap. It seems a bit out to me. Can anybody improve my maths?

Well according to the latest corporate presentation, we have 8.8 mt of proven lce reserves.
Anybody do the maths if all those 8.8 million tons are sold at $11,000 a ton?

Sorry. I am getting confused with npv of 1.25 billion maybe? Your figures sound better :-)

We really do not want a takeover at this stage. Could you imagine investing in small oil producers 120 years ago, and then selling out when 95% of the population were still riding horses?
I really believe there is no reason why Bacanora wont be a billion pound company. When you see the likes of sxx being valued at way over that, and we are sitting on a billion dollar reserve of what is going to be one of the sort after minerals of the early 21st century. And we have barely scratched the surface of what we have.
The industry is woefully underfunded, and big money is coming. Be patient.