Bacanora Lithium PLC BCLMF

RE:RE:Big rise

[Bluebirds]

Hi CMH Sure - I'll try to rationalise this rise: Drilling updates pending, metallurgy reports and PEA of JV1. JV partner REM have market cap of £100m with only 30% of concession. At £65m it doesn't take a genius to work out that Bacanora's mcap is due a substantial upward realignment. In the medium term the whole lithium sector is heating up with Tesla due to break ground on a 'Giga-Factory' this year which will be capable of producing 500,000 lithium-ion packs, more than the entire world’s capacity today. Helps explain why Rockwood (leading U.S lithium producer) was the subject of $6.5 billion bid by Abermarle. Significantly C O-E claims Bacanora could produce lithium at a cost of $600/t to $900/t” making it one of the industry's cheapest. Tesla recently released their patents to the open market. The future of the auto industry is lithium based and Bacanora have only drilled 10% of a concession which D Lenigas is calling "the Saudi Arabia of lithium"