Bacanora Lithium PLC BCLMF

a new article on bacanora on seeking alpha

[DoctorFouad]

https://seekingalpha.com/article/2778305-bacanora-minerals-its-new-roasting-method-will-be-key?ifp=0

Bacanora Minerals: Its New Roasting Method Will Be Key

Dec. 24, 2014 6:15 AM ET | About:Bacanora Minerals Ltd. (BCRMF)Subscribers to SA PRO had an early look at this article. Learn more about PRO »

Disclosure: The author has no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. (More...)

Summary

• Bacanora Minerals has several very interesting projects regarding lithium and borate.
• The Sonora project, located in Mexico, is quite special as its mineralization is clay hosted instead of the usual brine or hard rock, without their disadvantages.
• Next to being one of the biggest lithium deposits in the world, it is also one of the highest graded, with very good PEA economics (IRR of 84%, NPV8 of $848M).
• To achieve these amazing numbers, the company is developing a new roasting method, in order to extract the lithium from the hectorite clay material.
• I expect a rerating when a PFS comes out on both borate and lithium projects in 2015.