Member Info for tomcat-14

what about our 30% of mexilit… 100% owned by kdnc (uk)… ;)

what about mexilit… 30% owned by kdnc (uk)…

msb & bacanora… are currently 100% owned by ganfeng (china) though… would sonora lithium still be eligible under those circumstances…

does mexico… sonora… fit the bill… currently…

why not… 100% of the planned production is sold… mexico will want additional production to supply incumbent industries… batteries (plant) required…

51% government owned sounds familiar… could be the same ganfeng m.o… same result… just a different order of events… https://www.lse.co.uk/rns/EMH/proposed-subscription-by-cez-for-51-of-geomet-5i5kl2pd4u5nqz6.html …

actually… i forgot someone… mexico gov… ganfeng… and yours truly… kdnc… :)

all coming from sonora… the potential ‘saudi arabia of lithium’… lol…

there will after all… only be two sources of lithium in mexico… mexico gov… or bacanora…

you do have to wonder who will be 1st to build a battery gigafactory in mexico… and if mexico are buying bacanora’s lithium project… will they buy one of tesla’s machines that build the machines to go with it… and be the 1st to do that aswel…

ob… ganfeng may be selling that 17.5/35ktpa project to mexico… to supply their incumbent domestic market with lithium… resulting in ganfeng moving their expanded project 100% into mexilit… which we’ve already shown is doable in our scoping study…

if we are doing a premature exit anytime soon… based on ganfeng’s recent transaction… we’d be looking at our scoping study… $2bn npv x 80% x 30% = $480m / 172,232,008 shares in issue… $2.78… uplift that for the increase in the lithium price from $6.5/kg to $16/kg lce… maybe we should be doing an updated scoping study at $16/kg… in preparation for any impending sale current valuation…

yep… with mexico coming in though… they may need 3 now…
doesn’t the fs fig 15.4.1 meet at piecework.quench.jams… with the plant at leisurely.photon.magnificent… fifo of convertible.fresh.vitality…

oops 100ktpa… ;)

nearly… but i was thinking more along the lines of plan a…
bacanora sell msb (la ventana) to fund our ($2bn @$6,500/t lce) mexilit scoping study debt free… we sell our 30% mexilit jv to tesla… tesla get their lohm for $6,000/t… job done… 100tpa sonora lithium plant fills a huge gap in the lithium supply chain…

what’s for sale…

4.515mt drilled out reserves (fs page 130 table 15.4.2)…
msb… 1.718mt (38.05%)…
mexilit (bcn)… 1.9579mt (43.36%)…
mexilit (kdnc)… 0.8391mt (18.58%)…

8.819mt drilled out resource (fs page 122 table 14.15.2)…
msb… 3.904mt (44.27%)…
mexilit (bcn)… 3.441mt (39.01%)…
mexilit (kdnc)… 1.475mt (16.72%)…

10 concessions (fs page 22 table 4.3.1)…
3 owners… msb / mexilit / megalit…
8.819mt drilled out resource…
4.515mt drilled out reserves…
who owns what…

that’s correct daz… maybe a bargaining chip… as that would need to be moved over to megalit before any potential acquisition of msb by litio para mexico could go through…