Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
What are the realistic chances of getting a license? Well it’s nice to get referenced second (were the only Irish company) and obviously have good relations with the Bolivians… article link below too.
“We have 38 companies that presented proposals for the development of the lithium industry. They are from different countries. We have Argentine, Irish, French, Chinese, German, Russian, Brazilian companies and multinational consortiums,” YLB president Karla Calderón said in a press conference.
https://www.bnamericas.com/en/news/dozens-of-firms-submit-expressions-of-interest-in-bolivian-lithium-pilots
Or what is the worst case scenario? Well as you can see below there are still another 21 licenses to go after this, so not all is completely lost if they don’t secure one.
YLB called for firms interested in developing pilot projects to produce lithium and other minerals in seven of Bolivia's 28 salt flats: Uyuni, Coipasa, Pastos Grandes, Capina, Cañapa, Chiguana and Empexa, all located in the Oruro and Potosí departments in the east.
Https://announcements.asx.com.au/asxpdf/20240325/pdf/061tph1g6v3kwj.pdf
So if the Russians and Chinese are prepared to spend billions of dollars per each license they’ve secured, how much would one license be worth Clon? Well if we secure one of the seven licenses currently being bid for, our license will be valued around the same… And with the EU keen to provide funding, we should be valued as a company anywhere between £100m to £300m if a license is secured. Yes that’s anywhere between 2p to 5p. This is not guaranteed we’ll get a license, but from this level the risk/reward scenario is absolutely insane. If we get a license the share price will go mental and you’ll be kicking yourself you didn’t buy more at this level.
We will know by April at the latest. Just remember these licenses are worth billions of dollars each..That’s what the Chinese and Russians have already committed to in terms of their financial commitments regarding to the licenses they’ve picked up. If we get one, we’ve won the lottery!
Article is from today:
Bolivia’s state lithium company YLB authorized 25 companies to continue in the process to develop pilot projects for production of the metal and other resources in seven salt flats.
In total, 38 companies had expressed interest in the process launched in January.
“Let it be clear that we’re working with the most legally serious companies. Twenty-five companies moved on to the second phase and in the coming days the information exchange agreements will be signed, which will be mainly technical,” YLB’s president Karla Calderón said in a television interview.
Calderón added that the companies were authorized after verifying compliance with administrative and legal requirements established in the call.
In the second stage, qualified companies must present their proposals and prove their technical and financial capacity to carry out the proposed pilot projects.
In the third phase, the YLB evaluation commission will analyze the proposals and issue reports on the companies’ suitability to sign agreements with the state firm. YLB plans to sign the agreements on August 6.
The objective of the pilots is to test technology for the subsequent development of industrial plants.
In January, YLB signed an agreement with Chinese consortium CBC – made up of CATL, BRUNP and CMOC – to develop a pilot lithium carbonate production plant in the Uyuni salt flat.
The plant, which will require estimated investment of US$90mn, will have initial capacity of 2,500t/y. It will use direct extraction technology and the aim is to develop it into an industrial plant with capacity of 25,000t/y.
Last year, the state company also signed an agreement with CBC and Russian company Uranium One to carry out pilot tests with brines from the Uyuni and Pastos Grandes salt flats in Potosí and Coipasa in Oruro.
If someone could copy and paste it that would be great.
https://www.bnamericas.com/en/news/bolivia-qualifies-25-firms-for-lithium-pilot-plants
If people want to build a position, they’ve only got ‘days’ left before the next rns is likely to drop. If we get approval from the Bolivians, you won’t be able to buy anywhere near the current share price. And if we do get approval, expect the rns to be issued straight away.