Imagine Lithium Inc. V.ILI

RE:RE:Lithium concession surrounded by $300m REM/BCN

[Bluebirds]

Great to see Alix expanding their lithium portfolio today - but the big news is still to come with working ongoing & results pending from Electra + Jackpot lithium properties.  Potential investors, please take a look at below for my own overview and expectations which I believe will push this stock over $1... 

Bluebirds wrote: Interesting news release from ASX listed Global Geoscience last Friday who acquire an advanced lithium-boron project in Nevada.  How is this relevant to Alix?  Well the mention of "Similar "clay-type" lithium deposits include Sonora Lithium-Potassium (Bacanora Minerals, Mexico) and Jadar Lithium, (Rio Tinto, Serbia) was sufficient to generate discussion on London based message board for lithium neighbours REM & BCN:

https://www.lse.co.uk/ShareChat.asp?ShareTicker=REM&share=rare_earth_min&thread=F5547CE3-B784-419C-A487-92786CF51DA7

https://www.publicnow.com/view/6240416EF39BEAC2FBA7BE87EBDB685D306FF2A1

The following presentation by JV Partner Lithium Australia indicates they are in discussions with potential lithium developers in Europe OTHER than EMH. Given that Europe only has 2 or 3 potentially sizable lithium resouces, there is a good chance that LIT is talking to RIO TINTO, particularly as it contains the same geology. 

https://lithium-au.com/wp-content/uploads/2013/09/4347rfyk4td28y.pdf

Why is significant for Alix???  It would certainly be in keeping with JV Partner LIT's company ambition to "aim to control the greatest lithium resource base of any entity worldwide",  and explain the caveat in their jv with Alix:

"Also included in the definitive agreement is the right for AIX to be granted a 10% interest in any novel lithium extraction technologies ('LET') used or developed in relation to the Project properties (Tecolote and Tule Concessions) and/or the Sonora Project currently owned by Bacanora Minerals Ltd. and REM, whether patented or not patented.."

I believe that LIT are fast-tracking the Electra project with the intention of developing processing techniques which will be marketed to BCN and Rio Tinto and fulfill LIT's aspiration of creating the global cost-advantageous regional processing hubs for outsourced production of market-supply disruptive sized lithium deposits.  As well as developing their OWN resources, Alix will also profit from the subsequent 10% interest in technology royalties.

And it is my opinion that the same pattern will be followed at Alix's recently acquired Fish Lake Lithium Brine, Nevada and Jackpot hard rock lithium resource, Ontario where sampling was completed and sent for assys at the end of April.

Finally, would anyone like to speculate on the use of the words "currently owned" in reference to Sonora property of BCN???
 

Bluebirds wrote: Alix's latest Electra aquistion, Gran 2 "is readily accessible through a system of secondary roads that parallel the Bavispe River" and as the below map illustrates, is completely surrounded by BCN's Buenavista property.  It is within 600m of BCN's drilling and near the town of Granados, transport accessible and near water supply - the perfect location for a plant site. So it seems unusual to me that they would allow a competitor to acquire such a property, which previous maps show as belonging to BCN, unless motivated by greater ambitions...

As far as I am aware, BCN/REM are setting up a pilot plant to process LCE, but cannot find any information regarding how they plan to develop the necessary hydroxide.  Which makes me think that in return for lower capital costs, BCN/REM intend to adopt Sileach through the use of a combined plant.

Also from a London messageboard:

"IMHO production costs are key to every producer. Sileach has been developed by LIT and it's a process designed to fit their (putative) investments. L-Max (which was available for use in Mexico), I believe, is redundant as a consequence of the development of the Sileach process so far as Cinovec and Sonora are concerned.

OK, BCN didn't "need" more acreage but no one in their right mind turns up the opportunity of adding more to the pot when it's available right next door; much less opening the door to a competitor with a strategic alliance already in place with a company at the cutting edge of processing technology. BCN had already predicted the likely course of the layers both to the North and South of its concessions so why not snap it up ? IMHO, they've already "done a deal" with AIX/LIT. Nothing formal, requiring disclosure to the market, but a "you scratch my back and I'll scratch yours" understanding of how all the players can benefit from collaboration (through amalgamation) rather than competition. That alliance will make for the single biggest Lithium producer in the world, spread across three continents and producing Lithium (and by-products) far cheaper than anyone else and all the main markets covered in Asia, Europe and North America.

And the funding ? If I'm right in thinking that BCN's strategic (and anonymous) II is indeed Tesla, that's probably the answer to that question too.

Time will tell. But I wouldn't be surprised if, with the PFS, there didn't come news (or at least a hint) of what I'm speculating - certainly with the BFS. At the end of the day, it's not a question of how much Lithium can be produced but, moreover, the cost to the consumer."

Courtesy of GoodFlyingDuck on:  https://www.lse.co.uk/ShareChat.asp?ShareTicker=BCN