OTCPK:BCLMF - Post by User
Post by
DoctorFouadon Dec 25, 2014 12:38pm
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Post# 23265102
a new article on bacanora on seeking alpha
a new article on bacanora on seeking alphahttps://seekingalpha.com/article/2778305-bacanora-minerals-its-new-roasting-method-will-be-key?ifp=0
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.