Post by
deepoil0808 on Mar 11, 2023 1:11pm
Possible deal between BRW with Allkem.....
I listened to Killian speaking at the metals conference and he confirmed that Allkem drilled 100 meters from the border of BRW land and found minerialization. Busy with their development plan for the mine Alllkem did not bother to license the BRW land keeping this as a last step. By the time they woke up, BRW had optioned the land from Ossiko.
Killian stated they will start with a 2,000 meter drill plan. 5 holes will be drilled 50 meters from the border and a 2nd set of 5 holes will be drilled 150 meters further. These will be infilling holes drilled on strike to the mineralization found by Allkem 100 meters from our border.
100 meters is a little bigger than a football field, so distance is extremely close to us.
I see no reason why lithium mineralization would cease at the border.
Allkem is building a mine next to us.
I think that BRW andd Allkem has some sort of a verbal deal whereby BRW proves up the commerical lithium from their side and then Allkem makes a bid for the BRW land.
I heard Killian say that there will be lots of consolidation in James Bay. Consolidation by definition means deal making.
Maybe BRW could arranged a $400 million cash deal for this land and then use this flush cash for their other properties like Plex or Mirage. That would amount to about $2.50 per share in immediate cash.
The fact that the drill program is so close to the border of Allkem and is designed to confirm lithium mineralization on strike with Allkem, tells me that they have some sort of verbal agreement in place.
Then a 2nd agreement could be made on the Plex property, this type with PMET, for another $ 400 million so another $ 2.50 per share.
We would have $ 5 per share in CASH to be used to explore other properties.
Good Luck,