Bacanora Lithium (BCN) – Strong Project, No Excitement?

Interview with Peter Secker, CEO of Bacanora Lithium (AIM: BCN)

READ ARTICLE FOR THIS INTERVIEW HERE:

https://cruxinvestor.com/opinions/bacanora-lithium-bcn-good-project-but-is-timing-right/

New lithium projects are finding capital extremely hard to come by in such a depressed lithium market. This doesn’t appear to be the case for Bacanora Lithium and its Sonora project. 75% of its US$400M project CAPEX looks to be covered v is a combination of debt financing and management/institutional investment says Secker. He says they have a strong project team and Asian partners. We ask what his partners have agreed to. The numbers on the Feasibility Study look good. Taking all this into account, why has the share price been on a downward slope for the last 2.5 years?

The depressed lithium market has certainly played a big part, and COVID-19 has been deleterious to the EV/battery metals thematic, but what is this story really missing? Should long-suffering retail shareholders stay quiet and wait it out?

Secker is controlling what he can control, with a 5-month of deliverables ahead of him. The permits are all in place, and an FID has been earmarked for Q1/21, with construction commencing shortly afterwards. Bacanora Lithium could be producing LCE by 2023.

Tell us what you made of Peter Secker and Bacanora Lithium? How will lithium perform for the rest of 2023? Comment below and we will respond.

00:00 – Introduction
2:37 – Company Overview
3:21 – The Foundation: Accidental Project Discovery and Business Plan Development
6:17 – Team Experience
8:19 – Tough 2.5yrs: Reasons Share Price Keeps Dropping
10:04 – Mexico Project Breakdown and Plans
11:31 – Exciting the Market: What’s Missing From the Story?
15:42 – Mexico as Jurisdiction: Any Problems?
16:13 – Project in Germany: Options and Possibilities
17:32 – Cost of Money: Means of Financing it All
18:28 – Message to Shareholders and Investors: Sit and Wait?
21:15 – A Look at the Macro: Timeline for Lithium Recovery

Company Page: https://www.bacanoralithium.com/

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Bacanora Lithium (BCN) – Strong Project, No Excitement?

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About The Author

Kane Dane