Member Info for tomcat-14

compared to the nextview offtake agreement 15dec2018... that sent the sp soaring to an all time high 149p close on 08jan2018... with an intraday high of 180p on 12dec2017...
nextview’s offtake was for just 5,000t stage 1... 8,000t stage 2... total 140,000t lce x $12,000 = $1.68bn...
this ganfeng offtake is more than 3x that... epic...
hopefully the market reaction will be equal in magnitude...

ganfeng offtake agreement...
50% of stage 1 lithium production...
up to 75% of stage 2 lithium production...
for the life of mine...
from table 16.2.2 of the january 2018 feasibility study... mine production schedule... column 6...
50% stage 1... years 1 to 4... 33,708t lce...
75% stage 2... years 5 to 19... 401,727t lce...
total lce recovered / sold to ganfeng in this epic offtake agreement =
435,435t lico x $12,000/t lce = $5.225bn...
approximately 72% of the total battery grade lithium carbonate production from the sonora lithium project...

between hanwa and ganfeng... at $12,000/t lce... it’s worth $6.2bn in revenue... based on the pfs project... more when ganfeng evaluate potential economies of scale in the sonora project... and build a bigger plant for the price that bcn have costed for the 17.5/35ktpa operation...

does anyone know... or would like to hazard a guess... how much of the 4,515kt lce contained lithium reserves... is held by the subsidiary company- sonora lithium ltd...

we are demonstrating our intention to be the cornerstone funding partner for bacanora at a corporate and project level going forward...
the cornerstone funding partner...

ganfeng's commitment to the sonora project will be demonstrated during the financing of both the equity and project funding stages of the capital expenditure required to complete stage 1 of the sonora project...  so, in conjunction with our existing senior debt facility from rk mine finance, we are now much closer to completing the construction funding for stage 1 and transforming bacanora into a major supplier of battery grade lithium...

192m shares in issue... @250pps... is only £480m mcap... for a $1.25bn npv8 project...
yep... you’re right... plenty more headroom in here than that...

with no dilution to bacanora lithium plc shareholders... ganfeng included...

they have a 2-year option to increase from 22.5% to 50% sonora lithium ltd...

yes... no... when ganfeng increase their project level investment in sonora lithium ltd... the cost is based on bcn’s prevailing sp at that time...
they will be maxed out in bcn shares... with the 29.99% holdings they have...

and hanwa... assuming their 10year offtake goes down now to 50% stage 1... 25% stage 2... is another $1bn on top... $6.2bn lce pre-sold...

$5.2bn...
should we ask them for a deposit... ?%... ;)

what is that worth @$12,000/t lce...

50% of stage 1 lithium production...
up to 75% of stage 2 lithium production...
for the life of mine...

you were right ob... the subsidiary is sonora lithium ltd...
project level investment of 22.5% in sonora lithium ltd ("sll"), the holding company for the sonora lithium project, for £7,563,649...

project level investment of 22.5% in sonora lithium ltd ("sll"), the holding company for the sonora lithium project, for £7,563,649...

50p close... :-) ??????

has it gone into auction on the close...

just like to reiterate this point of significance... ‘and evaluate potential economies of scale in the sonora project’...

and the results... 98.32% in favour of ganfeng farm in deal... taking them to 50% project level investment...
https://www.sedar.com/GetFile.do?lang=EN&docClass=13&issuerNo=00027103&issuerType=03&projectNo=02934966&docId=4549803 ...