Bacanora Lithium Share Discussion Threads

[shores] 23/11/2015 09:20

wrtmf - here's your answer! Crunching a few numbers, when the mine is producing 35,000 tonnes at $6,000 (delivering a turnover of $210m) the lower estimate of net contribution is $2,000/tonne giving $70m profit. On a potential 15 x earnings the market cap. would be $1,050m or £700m. Today's mc is around £70m so we could be staring a ten bagger in the face! Demand for lithium carbonate is set to rise significantly. Even with a dilution worth $100m for plant installation the multiple from today could be 5x taking the share to somewhere between £4-£5.

[wrtmf] 21/11/2015 11:32

i'd like to know what the 2 rigs working through September did next? where are the results of those same drillholes?

[andrbea] 20/11/2015 17:39

Prudential increases holding (rns out)

[wrtmf] 19/11/2015 22:32

current progress at the gigafactory...

hxxp://www.fastcompany.com/3052889/elon-musk-powers-up-inside-teslas-5-billion-gigafactory

[zinkwazi13] 19/11/2015 15:13

The Aussie gasbag fatso Dave Lenigas is bringing BCN into disrepute. Common Colin get this creep off the Board ASAP.

[steeplejack] 16/11/2015 08:06

That's the equivalent of an issue of 1:8 at a discount of perhaps around 15% to the average closing price over the last month.Pretty standard stuff but in the context of an AIM market that has seen some heavily discounted issues of late,this is a reassuring.We now all eagerly await being able to assess the calibre of our institutional investor!

[12bn12bn] 12/11/2015 08:25

That was the spread!

[adobbing] 12/11/2015 07:58

BCN finished up 8.5% in Canada last night!

[12bn12bn] 05/11/2015 18:12

Above average trades again today in Canada.

[wrtmf] 05/11/2015 16:00

there is a link to an article on the rem bb [by kwizza] reporting gigafactory will be in production earlier than anticipated.
:)

'"We have also accelerated plans to begin cell production for Tesla Energy products at the Gigafactory by the end of 2016. This is several quarters ahead of our initial plan," the company said in its third quarter shareholder letter.'

[andrbea] 05/11/2015 10:10

bcn ought to hire alix's PR man.
At least they 'speak up' their project. The only way to bring in new investors.

[wrtmf] 04/11/2015 19:14

just surface sampling at this early stage?

[12bn12bn] 04/11/2015 18:02

Couple of big buys today so far.

Alix to Commence Work on Newly Acquired Project Adjoining Bacanora's "Sonora Lithium Project" Located in Sonora, Mexico
They have not said they will be drilling though or what work will be carried out.

[wrtmf] 29/10/2015 09:41

great find. pity bcn/rem couldn't grab it all, but then megalit remains largely untouched, whilst the partnership concentrate on the core areas of mexilit.

lol, wot no tweet from dl about this...

[12bn12bn] 28/10/2015 19:10

Alix Resources (TSXV:AIX) has acquired two exploration concession applications in Mexico comprising 22,625 hectares. The property adjoins the Sonora lithium project, owned by Bacanora Minerals (TSXV:BCN,LSE:BCN) and Rare Earth Minerals (LSE:REM) Minerals.

As quoted in the press release:

The concessions being acquired by Alix target extensions of lithium-bearing host horizons contiguous to the Sonora Lithium Project owned by Bacanora Minerals Ltd. (BCN) and Rare Earths Minerals PLC (REM) (a partnership known as BCN/REM). The 2010 greenfield lithium discovery at BCN/REM’s property is now being fast-tracked to production. The Sonora Lithium Project is comprised of a lithium resource hosted in hectorite and polylithionite clays within a volcano-sedimentary sequence.

Alix Resources is acquiring a 100% interest in the two concession applications, “Tule” and “Tecolote̶1;, via a Mexican company based in Hermosillo, Sonora, Mexico. The Mexican company has submitted applications for the concessions with the Mexican Mining Authority.

Alix Resources president, Mike England, said:

Alix’s Mexican consultants have succeeded in acquiring the only readily available ground on the inferred lithium trends and contiguous to BCM-REM Sonora Project. Our concessions are extremely well situated and, being on the same trend as Bacanora’s growing deposit, have us eager to commence work in the coming weeks.

[rwauu] 20/10/2015 21:51

Buy buy buy! Zak Mir gives 120 chartong on this!

[andrbea] 19/10/2015 14:56

Some of you might remember a while back, when Bacanora Minerals Ltd. was the first to secure a supply contract with Tesla.

Bacanora recently pointed out a crucial bit of information for anyone entering into the lithium market, with CEO Peter Secker saying, “The meta number in everybody's horizon is 2020. We need to be in production well before 2020 in order to take advantage of that growth.”

In other words, the market will already be past a major turning point within the next four years.

[chinese investor] 19/10/2015 13:06

Looking Good !

[wrtmf] 12/10/2015 20:57

price movement suggests update is on the way....

[steeplejack] 09/10/2015 13:43

Investors Chronicle makes reference to finance requirements to get BCN into production.Speculates that Tesla might assist with a equity placing in 2016.Once finance is in place,this stock should fly

[andysand] 09/10/2015 09:48

Will be 100p pretty quickly. Eventually, the sky's the limit. All the director buying is a very good sign here. I much prefer this to REM as a way to play the Lithium explosion. Might take a little time but the rewards should be astronomical.

[steeplejack] 09/10/2015 08:37

Today's Investor Chronicle has a write up on lithium,Tesla etc.Bacanora gets a favourable mention as a way to play the technological revolution.

[adobbing] 08/10/2015 23:33

TSXV:BCN +17.1% !