Re: REM Stream Log - Bengt Saelensminde writer for The...

Bengt Saelensminde writer for The Right Side ( a Fleet Street Publications outfit) has circulated an email to those on the mailing list, with an article outlining six reasons why he believes the Sonora project is still grossly undervalued. He is better informed than the sceptics of Share Prophets. A summary/extract of each reason follows:- ... “First , this project is sourcing lithium from clays. Most competitors are sourcing the metal from brines, or rock. Second, mining clay formations are likely to produce valuable by-products. Other minerals may well emerge, maybe even precious metals! Third, not only is mining clay cheaper, it’s also much quicker. Fourth, Sonora has local infrastructure, it has a strong pedigree of mining and more recently, even car manufacturing. It’s also only 150 miles from the US border. Fifth, from the initial drill samples, Bacanora has already created what’s known as battery grade lithium carbonate. Sixth, Bacanora is currently working on a borates project in Sonora too. ... Bringing the borate mine into production should not only provide profit (again, on paper, the project shows fantastic profitability), but it’ll also prove I can see why the market is starting to wake up to the delights of Sonora. “I can also see why these projects have higher valuations than competitors. Bacanora’s credentials as an operator – not just explorer”.