Bacanora Minerals is an AIM and TSX listed company focused on becoming a large scale supplier to the fast growing global lithium-ion battery market. Thanks to soaring demand from cutting edge industries such as electric vehicles and energy storage, demand for battery grade lithium is forecast to grow strongly in the short to medium term which is expected to drive the market up from $17.5 billion to $70 billion by 2020. With this in mind, the Company is rapidly commercialising the world class Sonora Lithium Project in Mexico which benefits from a large, scalable and high grade lithium resource NI 43-101 Indicated Resource. A PFS has been completed which highlight the attractive economics of producing up to 35,000 tonnes per annum of battery grade Li2CO3 at Sonora and estimates a pre-tax Internal Rate of Return ('IRR') of 29% (post tax 25%) and an associated Net Present Value ('NPV') of US$776M, (8% discount rate). CAD$13.7 million has been invested to date both on exploration and on the development of a pilot plant in nearby Hermosillo. The Company owns the Magdalena Borate Project, also in Mexico, which has the potential to provide near term cash flow to the Company as it advances its lithium asset.

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BCN's Fundamentals (BCN)

REM takeover fizzled out @ 109 rejected. wait for the next one for B C N or production 2019 BB

This is a superb rise in the sp value.....looks like the Mexican mine development is going ahead hence the stock is soaring.....

(;)))

Well....there's a sharp rebound here...don't know anything too much about lithium...except that batteries are expensive to buy and this company has two massive mineral deposits apparently ready to be extracted in the ground....to me it seems the sp looks way undervalued !.....

and so too cadence minerals who have a stake in bacanora...probably more undervalued KDNC

Cadence Minerals Plc 9,350,000 6.95%

Broker note link updated.