theprior
01 Feb 2018
Re: NO Announcement Don’t you just love it when somebody shouts “Announcement” when their is none !Waste of space. If you’ve nothing to say it’s best to say nothing. Why open your mouth and prove your a fool when you can just keep it your secret by being quiet.LolTP
Old Ma Coni
31 Jan 2018
NAV Anyone had a stab at Cadence's NAV recently ?
Always Hoping
31 Jan 2018
Announcement Just waiting for an announcement to say that one of their investments is actually producing rather than just finding more.
ybhere
31 Jan 2018
This afternoons RNS From the full news release on McArthur,Cameron McCall, Executive Chairman of Macarthur Minerals commented:“Macarthur Minerals is excited about the potential for gold on this tenement, which forms part of the Company’s Hillside Gold Project. The Hillside Gold Project, where gold nuggets have been found is highly prospective. Historical rock chip sampling on the Hillside Gold Project has returned results up to 447 grams per tonne gold and 7.8% copper. A rock chip from a recent reconnaissance visit with Artemis Resources to the Hillside Project returned 8.5 grams per tonne gold. We are excited about the potential to further explore and drill any targets arising on the Hillside Gold Project tenements.”YB
ybhere
27 Jan 2018
SQM's New Deal - No Negative Impact for KDNC A note from CadenceSQM's New Deal - Positive for the Markets and Critical to the Adoption of EVsLast week Sociedad Quimica y Minera de Chile (“SQM”
announced (SQM, 2018) that it had ended its long-running dispute with Corporación de Formento de la Producción (CORFO). The associated agreement, which terminates in 2030, will allow SQM to increase production to circa 180 thousand tonnes (“Kt” of lithium carbonate equivalent (“LCE” per annum.Positive DevelopmentAt Cadence Minerals, we saw this as a positive development both for the lithium market and for our investments. However, the markets and some analysts clearly did not share this view, with some lithium equities declining by as much as 20%.Initially, the headline numbers within the SQM announcement are considerable, given that 180 Kt of LCE represents circa 90% of all lithium compounds produced in 2017. However, the reality is complex and more nuanced.To fully comprehend the potential impact, we need to understand not only the impact of SQM’s agreement with CORFO, but also the broader supply-side risks. Capital hurdles, upstream supply-chain bottlenecks, and the lack of availability of raw materials all need to be considered in this analysis.Holistically, it is clear to us that the markets have overreacted. The “supply wave” is going to be more of a ripple, and will be delayed.Supply Side RiskThe exploration, development and commissioning of mineral deposits is a high-risk venture. The probability of discovering a world-class economic deposit is estimated to be just 0.07% (Guj, June 2009). With much of the forecast supply coming from undeveloped assets, we take a risk-based approach to understanding which projects have the highest probability of delivering the right product at the right time into the market.Taking this approach, we saw a deficit in the supply chain which ultimately would have a knock-on effect in the adoption of electric vehicles (“EV”, which is the primary growth driver in lithium demand. Therefore SQM’s increased quota is certainly needed. Given their pedigree as operators and the nature of their assets, the risk of delivery is substantially reduced.However, increasing production from the Salar De Atacama is not simply a matter of flipping a switch. It will take time to ramp up production as they will need to deploy the capital and process the brine, the latter of which can take up to 18 months. So the market will probably only see material changes in supply from SQM’s Salar de Atacama in 2020 to 2021.In addition, two aspects of the new agreement could have a significant impact on SQM’s investment decisions going forward. First, the agreement terminates in 2030, at which point the assets and operations could be taken over by CORFO. Secondly, the lease rates applied to production by SQM would result in circa US$2,000 per tonne of lithium carbonate being paid in “royalties”, probably increasing the cost to over US$4,000 per tonne of lithium carbonate.Therefore, with the relatively short investment horizon to recover the additional capital expenditure needed and the increased production costs, the question remains as to where SQM will focus its efforts.Supply Availability as a Constraint on DemandOne of the risks we have been monitoring for the last year is that supply availability has the potential to delay demand in the EV sector. In 2017 we saw forecasts (Roskill, 2017) predicting that EV penetration rates will increase to 28% by 2026. This would drive demand for lithium compounds to circa 1 million tonnes per annum.However, these forecasts are precedent on the EV supply chain working efficiently, and supply meeting demand on time. But often this is not how things work out. We just have to look at the recent history of the lithium market to see delayed commissioning, stuttered ramp-ups and lower-than-forecast utilisations.This could mean fewer EVs were available to buy. Customers faced with
theprior
26 Jan 2018
Re: BCN news today Haha, sm.Looked like a bit of life in the sp the other day but I see it’s back to business as usual today... 0.3p !!TP
sennsmankini
25 Jan 2018
Re: BCN news today The revised plan to increase production to satisfy both off takers with potentially using the JV lands should put a rocket underneath KDNC News soon with a bit of luck
ybhere
25 Jan 2018
Re: BCN news today Morning TP,The Feasibility Study is positive, highlights in the full RNS.Bacanora Minerals Ltd. (TSX-V: BCN and AIM: BCN), the Canadian and London listed lithium company, is pleased to announce that it has now filed on SEDAR the Feasibility Study ("FS" for the Sonora Lithium Project1 in Mexico ("Sonora" or the "Project" that has been prepared in accordance with National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101" and was previously announced on 12 December 2017.The results of the FS confirm the positive economics and favourable operating costs of a 35,000 tonnes per annum ("tpa" battery grade Li2CO3 operation. The FS estimates a pre-tax project Net Present Value ("NPV" of US$1.253 billion at an 8% discount rate and an Internal Rate of Return ("IRR" of 26.1%, and Life of Mine ("LOM" operating costs of US$3,910/t of lithium carbonate ("Li2CO3".YB
theprior
25 Jan 2018
BCN news today on Sonora feasibility study.Will it move KDNC’s sp?TP
ybhere
19 Jan 2018
From Stocktube - Ford discusses Lithium Assets. Mining sector very well positioned to meet increasing energy demandsPublished on 19th Jan 2018Mining Capital's Alastair Ford talks Lithium, Cobalt and the growing electric vehicle market.Ford discusses the lithium assets of Savannah Resources Plc (LON:SAV) as well as European Metals Holdings Ltd (ASX:EMH; LON:EMH) and Bacanora Minerals Ltd (LON:BCN)(CVE:BCN).He says he's been speaking with the team at Cadence Minerals Plc (LON:KDNC) (OTC: KDNCY), who have significant investments in both Bacanora and EMH, and adds that they're very confident on the future demands for lithium.''It looks as though new supply from projects ... will go into a market that has grown significantly by the time they produce it''.On the subject of Cobalt, Alastair says he's been chatting to Julian Treger at Anglo Pacific Group plc (LON:APF) who he says is very positive about the energy metals.''He made the point to me that while mining is one of the oldest industries in the world it's uniquely positioned to meet all of the new technologies that come along''.YB
saul_investor
11 Jan 2018
Further Good News on Bacanora [link]
sennsmankini
11 Jan 2018
Dec 19Guess a few people may have missed this gem [link]
sennsmankini
10 Jan 2018
Re: Interesting Podcast Nice informative plug on KDNC, appears to have caused a little boost [link]
saul_investor
10 Jan 2018
Interesting Podcast Start listening at 27:30 - Very good comments[link]
Bluemogganer
10 Jan 2018
Re: Bacanora Zinwald RNS The latest video on below website is worth watching: www.bacanoraminerals.com
