Bearing Lithium Corp BLILF

Finally

[SmilingDog]

Finally the project is moving along! In addition, management would not have progressed down this route if they didn't have offtake and financing lined up and ready to go so I'd expect additional announcements in the very near future. Let's see how much value this can finally unlock from such a deeply undervalued stock.

[SmilingDog]

Some additional thoughts: They are not abandoning the original plan with Codelco - that's still on the table. However, now we have an alternative approach that is already in the works. On top of that, you have to know that management would not have gone along with this plan if they didn't feel really really good about project financing and off-take ex. Codelco. IDK when the announcement(s

[moorage]

BRZ has two trump cards: 1.) Lithium Production and / or 2.) Takeover fantasy with high severance pay.

[SmilingDog]

Option 2 (assuming LPI consolidates them) would be a nice immediate payout given its discount to its proporation of its project NPV (vs. LPI's proporation of its project NPV). I'd probably still hold onto my new LPI shares though given what would be realized in option 1. Option 1 would be an amazing medium-term play though. DFS shows annual project cash flows of  over $160M per year.

[laporte]

I prefer option 1 and I am quite pleased that MSB is forging ahead without CODELCO.  Keeping the CODELCO MOU alive while developing their initial plays is the prudent route to take. A signing with CODELCO derisks the project immensley however I was always aware that it would probably slow down the start of the project.  A government controlled entity will never move quickly.  

[SmilingDog]

At the end of the day both options get you to the same place fortunately, the consolidation route just gives you a nearer term boost in share valuation.  Management definitely sounded confident around how advanced they were with off-take and financing, which makes sense given how advanced the project is. It also makes sense when you listen to peers like NLC, who were courted by CATL, and

[laporte]

I would think that the decisions within this press release are at a minimum two months old.  I was wondering why they needed to do another private placement(then a second round of it) then a granting of stock options.  For BRZ's contribution of the finanical calls for the MSB project is what we are told.  At that time I was thinking something may be in the works.  Now we

[SmilingDog]

Yes, well said. This money plus a few months of work should get the project to a point where they can announce off-take/financing, which will substatially de-risk the project and allow the stock(s) (either seperately or consolidated) to finally reflect the true value of the asset. It should be relatively smooth sailing from here.