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Well whaddya' know, LPI ain't dead.
while our vacationing boys have been dressing up in latex and salad munching up in Vancouver, the minority (circa 26.4% to 50%) partner LPI has instead actually been doing something productive. Now ain't that a kick in the old dingo? I thought that after that fizzle phart Toronto/New_York/Boston Roadshow flop they were just going to evaporate away, but no they are trudging forward. LPI has selected the prestigious WorleyParsons as the engineering consultant for the Maricunga lithium brine project. Click Here 1 or Click Here 2.
The last sentence in the first clickable announcement reads "Lithium Power plans to deliver a new JORC compliant resource estimate in first half 2017"... well hooray, I for one am excited to see this upcoming LPI estimate. Any estimate (or even copycat estimate) from Beering isn't worth the toilet paper it is written on to us LIEG shareholders so let's encourage previously-very-talkative LPI to keep us up to date once again (like the old days).
WorleyParsons will undertake the design of the lithium carbonate and the potassium chloride production plants through the scoping and feasibility studies. Bravo I say. I hope WorleyParsons will also address how our friend POSCO is or is not going to fit into this whole program.
The Doctor
PS, LIEG shareholders, vote NO on the merger with Bearing and demand our BOD give us their written progress report before June 1.
Westwood to LA_in_5mins_ 130mph. Plus_4_more_Giga-Factories.
Interesting animation on the tunnels-under_LA concept (The Boring Company)
Westwood_CA to Los Angeles_CA in 5 minutes 130mph.
http://www.businessinsider.com/elon-musk-boring-company-tunnel-project-ted-2017-4
What! A tunnel between Westwood and Los Angeles propelling cars 130mph.
I wonder what form of stored energy Elon Musk will use to power the electric skates through the tunnel? Could it be electric lithium batteries manufactured in the lithium GigaFactory in Nevada?
Wow, wouldn't it be super if Elon's The Boring Company could tie into some lithium miner in Chile to to get a long term lock on the lithium they will eventually need. It's a pity we don't know any real lithium miners in Chile... other than Albemarle and SQM.
The Doctor
Certification of Blood Conflict Free Minerals. . .
there has been no citations in Chile on Salar de Maricunga issued to any of our team onsite for disposing of their used tampons on our property. No blood has contaminated the lithium on the project for a solid week... this is great news. I might mention that many kilograms have testosterone were however detected on the SQM and Codelco projects next door to us... but sadly none on our project yet.
With this in mind, we still should hurry up and apply for the International Certification (Click Here for details) confirming we are a Blood Conflict Free Minerals project... then there would be at least one shred of good news on our project for us to enjoy to offset today's miserable heart-wrenching opening at $.020 pps
The Doctor
16_test_holes. . . . . .
since we can't seem to get an inspiring current fact-based answer on how many LOM tonnes of LCE we truly have in 2017 (ie 575,000mt or 1,300,000mt?) or how much we can export in year one of production (eg 20,000mt or 48,000mt?) I suppose we should instead concentrate on something more important to the Canadian team.
Sadly owing to the hurricane that hit Louisiana Tuesday afternoon none of the Cajun-style crawfish etouffee from New Orleans could be air-freighted up to Vancouver for the most recent RuPaul costume party where the team dressed up as either a miner or a NI43-101 test hole. Strangely, everyone came to the party dressed up as a NI43-101 test hole so the party-goers drew straws to see who would have to change into dirty dominating miner costumes. Fortunately, two of the oldest attendees drew short-straws and reluctantly changed into miner gear in order to make the party theme of drilling more "discovery" NI43-101 test holes work.
Since there was no crawfish to eat, the host graciously agreed to make another tossed salad using some leftover bits of Alaskan king crab and gluten-free wheat chips garnished with a red Caesar dressing (was that ketchup again?). As SOP all the party-goers agreed to take 10 minute shifts tossing the salad, I would assume to keep it from sticking to the bottom of the ice chilled salad bowl.
The Doctor
Lukewarm_off_the_press, step_right_up, gitcher' Maricunga_NI 43-101_meh!
Imagine you have a 2012 Toyota Camry automobile with a Blue Book value of $7,000 but you want to sell it for $10,000. How do you do that?
1. Well you could buy one of those slick gadgets to turn the actual mileage on the odometer of 80,000 miles back to 50,000 miles.
2. You could hire some anal retentive clean freaks to super clean (ie "Detail") your car from top to bottom, ditch the 2012 music CDs in the radio and slip in some new hip 2017 music CDs and include them in the purchase price for free (even though you pirated the music from the web and burned your own CDs).
3. Spend $400 and put some new tires on the car and then spray that shiny tire black goop on the tires.
4. Then hire 2 really hot girls from the local strip club to sit in your car when the easily fooled eBay buyer comes out to your house to inspect the car.
Bearing hired Dan Hains from Hains Engineering Co Limited to produce a NI43-101 to be dated March 20, 2017 (are the new tires smeared with black shiny goop you ask). Danny Boy was the same author of the NI43-101 report way back in ancient times dated May 23, 2012
We LIEG mushroom shareholders today are sitting on pins & needles waiting to find out what the revised total mineral resources are in 2017 especially for the LCE (Lithium Carbonate Equivalent tonnage) on this project... is it really a whopping 1,300,000 mt? But what is the message today from Bearing?
Well, Bearing sent out an Investor Newsletter update today Click Here saying hooray hooray we have a Measured Resource of 107,850 tonnes of lithium. Yeah for us!!!!
But if you multiply 107,850 tonnes of lithium metal by 5.32 you simply get the old boring previous LCE tonnage which is the 574,000 tonnes that we already knew we had back in 2012 and have used in our WAG on February 16, 2017 to determine our market value and PPS. Click Here for Excel spreadsheet. Because once you know the LIEG pps you then only need to multiply that PPS by 31 to determine a fair price for Bearing BRGRF.
I read the Bearing March 20 2017 N143-101 report this evening top to bottom but to be fair I really felt like I was simply reading the LIEG May 23, 2012 N143-101 report again albeit the :
1. The Odometer had been turned back.
2. The 2017 music CDs in the radio included most of the already public domain music from the band LPI down in Australia.
3. The tires were different... they were new retreads made real shiny with black goop.
4. The two hot stripper decoy girls in the front seat were nothing more that our 2 LIEC boys in disguise with blond wigs and padded chests.
I have to give credit to Dan Hains though... at least he had the moral fortitude to admit (albeit in small print) on page 25/3 (175 of 197) that the Summary of Mineral Resources for March 20, 2017 (of the Lithium tonnage) was nothing more than the April 17, 2012 tonnage previously calculated under old management. We LIEG shareholders want the 2017 new estimate for Lithium tonnage and it appears we will have to wait for LPI to publish that figure in their straightforward forthright upcoming report, ie hopefully upcoming, but that is OK.
Form now on I am going to ignore everything Bearing pumps out to us LIEG mushrooms (ie shareholders in the dark cellar). The only thing I am going to trust is the reports from LPI... who very oddly have been deathly quiet since March 13, 2017. Makes you wonder if they (LPI) are still even in the game or if someone in North America has upset them?
If you are wondering why our LIEG share price cratered down over the last 2 weeks to $.0206 in the last 3 trading days, well possibly someone else (not us LIEG shareholders) read this "new shiny black gooped" NI43-101 a couple of weeks ahead of us, vomited, and made a dump while the dumping is good.
And BTW, does anyone know the merger date yet? No? Yeah I thought so.
The Doctor
PS, Dear Steven Howard CEO Lithium Energi Exploration TSX:LEXI , if after your victory in Argentina you are now thinking of swooping in and scooping us up to save us from these amateurs then I think now is the time while LPI is off in the quiet dead zone circling. Congratulations on hiring Miles Rideout as Director of Exploration in the Lithium Triangle... good move. Click Here
Hot_off_the_press, step_right_up, gitcher' Maricunga_NI 43-101
Our Maricunga NI43-101 Report is published. Click Here for the PDF auto-download. 197 pages.
The Doctor
16_test_holes. . . . . .
That's the name of the next RuPaul costume party tonight in Vancouver at Jeremey's penthouse. Jeremey is bringing in a fresh load of crawfish Cajun-style etouffee from New Orleans. The costume party theme tonight is to dress up as either a miner or a NI43-101 test hole... and be ready for some good old-fashion drilling/testing and some finger-licking good crawfish.
Nothing else is going on of any interest for us LIEG mushroom shareholders being ignored down in the dank dark basement here so I guess our boys might as well continue laying back and do some more drilling/testing up in Vancouver.
The Doctor
PS, do you think our boys are supporting leftist President Michelle Bachelet or conservative billionaire Sebastián Piñera from the right in the upcoming Chilean elections? Click Here. The 50-day strike by the left-leaning union workers against BHP Billiton’s Escondida copper mine in Chile sure ain't helping foreign investment in Chile. Or maybe our boys haven't actually even noticed what's going on here in Chile with all that fun partying going on up in Vancouver.
16_test_holes 1,248,000 tonnes LCE in NI43-101!
Hooray!!!!
Oh wait, sorry. That's ILC (International Lithium Corp, ILHMF) over in Mariana headed up by that Russian powerhouse bulldozer CEO Kirill Klip... not LIEG in Maricunga headed up by who in the heck knows now. Is the merger on... or is the merger off?
Click Here 1 or Click Here 2 for ILC announcement.
I'm invested in ILC. I like Russian Kirill Klip. He keeps his projects free of any association with bloody conflict minerals tangential problems. When this no-nonsense Russian catches his executive guys wearing a tutu, changing their tampons on the site (ie salar), or schtup-ing wit' da' salad he bounces those losers off his team. He's a man's man.
I wonder if we could hire him to help us here in Chile? Those RuPaul costume parties in Vancouver are ruining the boys up there I fear. RuPaul is now saying to love yourself with vigor. Click Here for RuPaul's advice. Most guys (including the my homey MSB guys) that I know love themselves only 15 minutes every 2 or 3 days which seems more normal... but the guys in Vancouver seem to be loving themselves 12 hours a day (it would be 24 hours but they need to sleep the remainder of day to get re-energized to prepare for all the fun salad parties).
Ah well, at least my ILC is making some headway in the lithium triangle.
The Doctor
Corporations_will_no_longer_have_to_disclose_use_of_bloody_conflict minerals
Click Here for story under the new Trump era SEC guidelines issued today.
Whew, this is a relief, however I think we should still tell our executives in Chile not to carelessly dispose of their tampons onsite but rather roll them up nicely in their discarded lunchtime plastic salad boxes and take the bloody items back to the hotel for proper disposal far from the site just to make sure no blood gets mixed in.
The Doctor
This stinks....zero volume and no news. COME ON LIEG!!
The news is... there is no news.
LPI was to unlock the purse strings on the US$15,050,000 phase 2 tranche on April 1 (April Fool's Day) to begin flowing into the NewCo Maricunga JV. I can find no mention or evidence that happened. In fact 26.4% partner LPI has been deathly quiet since the April 6 rah-rah fluff PR piece they published in which our suspicion that no "big money" investor/backer/lithium-user was currently investing (or even doggy smelling around our sheet) in the JV was confirmed.
I am beginning to think our only chance at glory is for our LIEC boys to quick change out of their tutus up in Vancouver and let those frat boys up there toss their own salads while they (our boys) hightail it back to Chile and we then latch onto neighboring Codelco's ankles like leeches in hopes we can piggyback on the upcoming deal to sell Codelco's prime Maricunga lithium assets to the highest bidder Click Here. We are probably going to have to discount our adjacent property price 5-10% under whatever the bid the mystery lithium buyer makes to Codelco and pray to the heavens that this new land buyer (ie lithium user) wants to operate a "larger" stake/claim on the salar because we appear to have hit a brick wall on whatever the plan was that our convoluted incestuous team had in mind. If our current suitors knew which end of a shovel to stick in the ground I would be somewhat hopeful/patient, but I ain't.
This is all so sad because now Toyota is giving up on hybrids in China and going all electric. Click Here for the story that came out this morning. Soon China (and Japan) is going to be screaming for even more lithium.
The Doctor
We should have sold_the_company to Wealth_Minerals_Ltd last_year.
Henk van Alphen at least has a vision and knows how to make an organization that gets things done in Chile. https://www.juniorminingnetwork.com/junior-miner-news/press-releases/1178-tsx-venture/wml/31377-wealth-minerals-signs-non-binding-loi-to-acquire-five-salars-project-in-chile.html
Instead we appear saddled with these little Village People type pretty boys riding us (and each other) pretending to be miners but are more preoccupied with their kids lacrosse games, saving kangaroos from the sausage factory down under and planning new twists for their next RuPaul costume party up in Vancouver.
Did Phase 2 start on April 1? Or did LPI just fade away into history? It sure would be nice if our LIEG executives could spare us a minute or two of their precious time and give us a courtesy update for what's actually going on here.
The Doctor
Read and weep.
LSC just across the border in Argentina is now firing up the Enirgi separation plant on their salar to initially produce one tonne of lithium carbonate per day Click Here.
... and here we LIEG/MSB shareholders sit on our hands not even knowing who is going to build our pilot plant. This LSC-Enirgi separation plant is a thing of beauty you surely must agree. Click Here for progress pictures.
The only progress pictures we have is our boys going on a premature honeymoon and tossing the surprise dinner salad at the last RuPaul costume party in Vancouver. And that's not much of a surprise to us LIEG mushroom shareholders any more.
The Doctor
$15K/mt_good_for_China_gander is_$15K/mt good_for_Chilean_goose.
Looks like the price of Lithium concentrate in China creeped up from $12,000/mt to $15,000/mt last week. Click Here according to South China Morning Post.
Hmmmmm, and so as Church Lady (Dana Carvey) used to say... Now isn't that spaaaacial.
The Doctor
What is good_for_the_Chilean_gander is_good_for the_Chilean_goose.
Codelco is our next door neighbor in Chile. Codelco as everyone knows is the world's biggest copper producer and is now moving forward with its plans to feed into the booming lithium industry by creating Salar de Maricunga SA. Codelco's decision to create this lithium operation will most definitely with some serious heavy-duty muscle now encourage approval of improved legislation that allows easier and more secure exploration/exploitation (esp in Maricunga) of this national resource. Chile is rapidly shifting into a mode that encourages foreign investment and some more-progressive more-simplified new legislation on lithium mining would be a great enticement to increase future foreign dollars pouring into the country. Click Here for April 14, 2017 story.
Albemarle may indeed be stifling lithium brine mining competition in Nevada as a superior heavyweight lobbyist, but their chances of pulling the same industry-killing ploy in Chile against giant Codelco are near impossible. So by association we can rejoice in the old saying... what is good for the Codelco gander is good for the LIEG/MSB goose.
It would appear we only need to relax a little longer now and simply let Codelco's attorneys/lobbyists finish working their magic in the legislative halls of Chile's National Congress. Once Chile votes to minimize/rescind the outdated need to classify lithium as a "strategic mineral" (eg necessary in making nuclear bombs) and decides to free up the export quota on lithium for those miners in the Maricunga region also then the entire picture for Codelco, SQM and LIEG/MSB (who all sit atop Salar de Maricunga) is going to look a lot more promising.
The Doctor
2600 Lithium mining claims/stakes in Nevada are at a virtual_dead_stop.
The process to gain governmental approvals on any Nevada mining exploration project (esp lithium brine production) is a complete nightmare when trying to circumnavigate through at least a half dozen different basically deaf/dumb/blind government agencies who... and let's face it... could care less about seeing any struggling mining entrepreneur (esp a wildcatter) make any money during these tough times in America which probably now include nuclear annihilation within a year.
One of the biggest deal killers in Nevada is that lithium miners need huge water rights allocations in order to turn a brine project into a full-fledged working mine operation. Whenever a miner draws more than 5 acre-feet of water on his claim/stake he has to get a pound of flesh approval from the Nevada Minerals Division which is nearly impossible in this lifetime (as per Jesus... ie the Easter/Christmas Jesus).
Nevada lawmakers are feverishly trying to short-circuit all the existing "other" government bodies who have a stranglehold (and a greasy hand out) on approving lithium miners in order to feed the new monster in their backyard (Tesla Giga Factory) by introducing State Assembly Bill 52 which is deviously crafted to supersede all other governmental regulatory deal-killer agencies. Click Here for bill 52 info.
On the surface this effort by the Nevada Assembly seems altruistically admirable plus something that will indeed greatly encourage free enterprise and job growth in the state. But as Johnny Carson once said, "No good deed goes unpunished"... this good deed is taking a punishing hit from the only lithium miner in Nevada currently approved (by coincidence) to operate a brine operation.
And who is that approved miner you ask?
Yup, you guessed it... that approved Lithium miner is Albemarle ($11,420,000,000 market cap).
Click Here for the news article.
Gorilla-in-the-Room Albemarle is also approved to operate in Chile. Ergo, we probably should be inviting Albemarle (in hindsight) to our next RuPaul costume party in Vancouver and let them also share in tossing some of the best, most prime, delicious salads on earth. We need to be on the best side of Albemarle I think... because you can bet your kids' college fund on Tesla eventually having to look harder at Chile & Argentina to satiate their growing inevitable ravenous lithium demand. It is going to be a long time before Nevada Assembly Bill 52 ever sees the light of day.
The Doctor
hahahahahaha ....RUPAUL/MINERS/ PARTY
Ohhhh, some sad news. The 4 cooler boxes containing the juicy thick Texas porterhouse steaks for the 2nd costume party last night in Vancouver were on a United Airlines flight... and yes, you guessed it, all 4 boxes were bumped off and soundly beaten/dragged-off the plane by 4 boxes of higher priority chilled knockwurst transiting through Vancouver and on to Anchorage. There were no Texas size juicy thick steaks for our pretty boys in the gang of five to dine upon and ravage with their beautiful newly painted nails.
But don't fret, not to worry, as usual enterprising Jeremey stepped up to the huge empty bowl and concocted another of his famous chilled tossed salads using extra virgin blanched-white olive oil, some delicious feta crumbled cheese, seared shrimp and ketchup. For the RuPaul costume party our two LIEC pretty boys were dressed up again as blushing brides waiting at the altar in brand new lemon colored chiffon dresses (we can't use white dresses anymore after the first RuPaul costume party), many of the other guests wore latex. To keep the salad fresh and avoid the rich olive oil from sticking to the bottom of the newly-enlisted oversize icy-bottom punch bowl all the party-goers took turns tossing the salad in 5-10 minutes shifts.
The Doctor
PS, and here we are again in the doldrums. Not one share of LIEG has sold this morning. Only 1100 shares of BRGRF have sold... and LPI is down a penny at AU$.335 just continually swimming lost in circles. Maybe LPI could use some vacation time in the chilly salad punch bowl for some good old fashioned Canadian tossing.
hahahahahaha ....RUPAUL/MINERS/ PARTY
There is another RuPaul costume party tonight for all you big tough dirty miners at Jeremey's tonight in his penthouse. Jeremey is having prime cut juicy porterhouse steaks flown in from Texas especially for tonight's party. Now everyone dress up spaaaaaacial for the party. The gang of five will be there.
The Doctor
As_in_all_James_Bond_movies, the_killer_waltzes_around_handcuffed_James_20 times
flashing his gun (or evil deathly canister of poison/radioactive-uranium/rap-music) threatening to finally kill James Bond, but in the long drawn-out moments the killer is prancing around celebrating his perceived glory James always ingeniously picks the handcuffs holding him down and escapes...
and so Dear Friends we have Jeremy prancing around in his tutu again threatening to consummate the wedding to us (LIEG) after honeymooning our 2 pretty LIEG boys to near complete exhaustion up in Vancouver over the past 6 months. Click Here for another blah-blah boring-boring story on how Bearing is not going to desert us at the altar and Bearing will not besmirch the fact we are no longer a pure untouched virgin.
You may ask, "OK Bearing has declared their love for us... but when are they going to actually marry us?"
Well that my friends is the unknown $64,000 question... which only a James Bond (and us or a Chinese mega lithium producer) could appreciate.
The Doctor
PS1, and yes the Bearing April 4, 2017 notice to the SEC does indeed contain this salient caveat which is integral to all James Bond movies, "The Merger cannot close until all of the conditions have been satisfied and there can be no certainty that the Merger will be completed, either as presently proposed, or at all."
PS2, LIEG is at $.0228pps and BRGRF is at $.695 today. BRGRF will never rise in pps more than 31 times the LIEG pps, just remember that amigos. LIEG still holds the keys to this boooorrrriiiiingggg relationship.
March 11, 2017_Solar_Electricity_briefly drives CA rates below zero.
Click Here only once for story .
There is going to be a lot more cash-strapped municipalities looking at solar energy as a serious alternative to fossil fuel generated electricity after hearing about California's continuing successes in driving electrical power prices down. And correspondingly more of these solar energy farms are going to be ordering bigger fatter lithium battery packs. Tesla and lithium miners/producers will soon be rolling in cash. I hope someday we will grow up to be a real lithium miner/producer.
The Doctor
Dear Vladimir, forget Syria, come to DRC_and_work_your_magic_here.
Your organizational talents would be much better appreciated here. Syria is turning out to be nothing more than a never-ending slimy quicksand pit & cesspool. And if you truly want electric cars in Moscow to relieve all that choking smog in the capital then come to DRC. Plus, you really do need to diversify away from oil and get "greener". It's the future.
The Doctor
Sooooo.... here's_the_plan_from_LPI as_best_I can decipher.
LPI got a bit more talkative this morning. Click Here for detailed April 6 announcement.
LPI has made a successful institutional placement of 31,580,000 shares generating AU$12,000,000 before costs. It appears Sprott Capital is now A (or maybe "the") "money player" in our collective future along with paid cheerleader EverBlu (cheerleading rah-rah report #1 Click Here) which we already knew. Apparently Sprott Capital is glory-glory hallelujah now "supporting further" LPI as they delve deeper into Maricunga Chile after that dead cat dud of a conference in Toronto a few weeks ago which we have all already long forgotten about.
Hooray the JORC-compliant lithium update report has a target release date for May 2017. But OK, we kinda knew that already.
LPI claims to be accelerating the next payment into the NewCo JV of US$5.5M and is now expecting the project timeline to shift 3-6 months forward. The reader should now reference to the Bearing Resources timeline on page 10 in the March 2017 Maricunga report.
This 3-6 month shift in the timeline is basically quite nebulous and impossible to define today. Is the completion of Phase 2 shifting 3-6 months forward? Or is Phase 3 completion date shifting 3-6 months forward which would then see the Financial Close and Pre-construction start in July 2018 instead of December 2018? The nine benchmark activities LPI is referencing to in the April 6 announcement all look to be nothing more than a regurgitation (albeit in a new flowery sexy dress) of benchmark activities you would expect (ie expected) in the Phase 1 timeline which were already supposed to be completed by March 31 a week ago. So what LPI obligations/responsibilities are getting this so-called new "fast-tracking" they are trying to sell us on believing today in this announcement? This "strange" new April 6 announcement just looks like a rehash of the Phase 1 obligations/responsibilities which we already know too well.
If LPI was "fast-tracking" something to impress us LIEG mushrooms then why aren't they talking about the Phase 2 obligations/responsibilities like who is building the Pilot Plant? In reality there is nothing more important for us LIEG/MSB shareholders to know at this critical point in time than this point. Also, I hate to appear dumb but is this US$5.5M payment (ie to the initial bankers) LPI is yammering on about simply the last portion of the initial US$6.95M payment which gives LPI a 26.4% share in NewCo Maricunga? Or is this US$5.5M payment LPI is yammering on about a nice-guy early partial payment on the US$15.05M Second Payment which when paid in full triggers LPI's 50% ownership in NewCo? In theory if the US$5.5M payment LPI is yammering on about is a fast track payment on the US$15.05M Second Payment so LPI could then brag they are simply becoming (or will become) a larger 34% partner in NewCo then no big whoop I say. But if this US$5.5M payment is just some fancy window-dressing method to say LPI is paying down on the the first US$6.95M bill then we are still sitting here with a LPI who owns no more today than 26.4% of NewCo and we have no idea what activities on the Timeline are really getting fast tracked 3 to 6 months.
If LPI wants to be helpful they should take Bearing Resources page 10 Timeline and detail exactly what activities or benchmarks are getting the hyped-up 3 to 6 month fast-track acceleration otherwise we would be better off going back to simply playing a card game of canasta and waiting for a real White Knight to ride into our LIEG/MSB future.
And make no mistake my friends... it is LIEG/MSB who quietly hold the reins to a future with a (or with some) White Knight in it.
The Doctor
PS, if BYD wants to talk to someone in Maricunga Chile about Lithium... then my bet it is going to be the larger LIEG/BRZ/MSB partner... not a minority 26.4% partner putting out Fluff PR alternate fact pieces full of Shakespearean wind & fury but nothing substantially more which only KellyAnne Conway or Sean Spicer could love.
BYD wants Lithium and Cobalt.
Fred Ni, the VP for BYD Americas Division is Santiago Chile today looking around for Lithium and Cobalt.
https://www.ft.com/content/ab639040-1aa9-11e7-a266-12672483791a
(you can click above URL only once)
I think we should talk to Fred.
The Doctor
You knew it was inevitable... BYD_is_actually_coming_to_Chile.
Fred Ni, VP of BYD Americas is in Santiago now.
https://www.ft.com/content/ab639040-1aa9-11e7-a266-12672483791a
(you can only click once on the above URL before FT starts its nag screens)
We need to get our boys to finish up the fantasy play RuPaul costume party in Canada, put the wedding dresses away, drop the delicious salad Jeremey so graciously prepared when the lobster didn't show up, stop tossing the salad (to keep it yum-yum tasty/fresh) and get on the first plane back to Santiago Chile.
Our Time in the Spotlight has finally arrived.
The Doctor
PS, do you think we can get Martin to drop his regular canasta game down under and head over to Chile also? This is really important for us. It is time to make "El Big Move".
hahahahahaha ....RUPAUL/MINERS/ PARTY
LPI has a new blah-blah non executive blah-blah director Russell blah-blah Barwick doing something somehow somewhere blah-blah for some new reason. Click Here
There is unconfirmed speculation that Russell is a wickedly good canasta card player. Martin wanted a new fourth for this canasta club parties every Wednesdays & Fridays (10AM on the nose at HQ) so he is very happy.
At 10AM today on the American exchange
BRGRF is $.71 no movement zero shares moving.
LIEG is $.024 no movement zero shares moving.
LTHHF (LPI) is $.34 no movement zero shares moving.
The RuPaul themed costume party at Jeremy's last night was a success. On a lark our 2 LIEC executives dressed as waiting brides in white veils left standing at the altar. The party was a riot with the exception the fresh Maine lobster (for the surprise main course) being flown in from America was held up at the border for an overly long Trump immigration body cavity inspection and never made it to the party. Instead everyone had a superb salad with many exotic ingredients mixed in for a nice homogeneous concocktion. Everyone took turns tossing the salad to keep it fresh and tasty.
Other than that there isn't much more to add about the project down in Chile which I think is a lithium brine project... or is it gold? Silver?
The Doctor
Hooray the kids won a lacrosse trophy.
LPI is in a dead stop at AU$.375
BRGRF is stuck in the dank dark basement at $.71
We (LIEG) are foundering around aimlessly at a measly $.024 today.
But don't be too sad. They say Martin's wife got a promotion at her new bread-winner job and Martin was able to buy an extra week's worth of groceries this morning on his daily errands after using his wife's 50% off coupon on a pedicure for himself. Martin does have pretty feet. And Martin is so proud of his kids for winning another lacrosse trophy, all those months spent being a helicopter dad over the kids ferrying them back and forth in the station wagon after school to lacrosse practice has finally paid off.
And the gang of five are having a wonderful dinner party tonight at Jeremy's place in Canada. It is rumored to be a RuPaul inspired surprise costume dinner party... everyone should dress up as someone they secretly admire. Now wouldn't it be a hoot if they all unbeknownst to each other dressed up in drag as lithium miners with pretty outrageously colorful coveralls pretending to mine lithium in faraway dusty Chile? That would be a great group picture for social media showing all our pretty boys having such big fun.
The Doctor
Wealth Minerals begins work at Laguna Verde in Chile.
Henk van Alphen (the archetypal busy bee in perpetual motion) is busy on his new lithium brine project in Chile Click Here.
Martin is busy on sewing his daughter's costume for the upcoming Romeo and Juliet play at her grade school.
Jeremey is also busy today having his custom made tan suede jacket dry cleaned this afternoon.
I just wanted to give you all a little update on where LIEG is headed today.
The Doctor
Tesla delivers 25,000_cars in Q1 up_69%_from_a_year_ago.
Tesla is opening the flood gates on car production banging out 13,450 Model S Sedans and 11,150 Model X SUVs for a combined total of 25,000 new cars out the door for the first quarter of 2017. Click Here
I want to remind everyone here in case you didn't know... Tesla uses lithium-based batteries in their cars. Most lithium comes from brine evaporation ponds.
For us at LIEG the good news is Jeremy has changed toilet paper suppliers in the Vancouver office and everyone is now using Charmin TP to keep their bums nice and soft... our 2 LIEG boys in Vancouver want to keep their bums especially nice & soft.
In Australia the LPI share price remains at a dead stop of AU$.375
It would appear even more shareholders down under are researching the best way to slit their wrists (ie vertical versus horizontal). Plus Martin's pet koala bear just had a baby joey.
And that dear friends is all the current news affecting LIEG... and BRZ also through the drip-down trickle-down process I suppose.
The Doctor
Kim Jong-un wants to sell some Lithium.
I wonder what he is asking per kilogram? Click Here
It looks like he is trying to bring back the 60s-70s style for men of bell bottom pants also. Oh that little tubby Kimbo... he is such a trendsetter. He might be way ahead of the curve on this new fad for pants.
The Doctor
What are the LCE tonnage_quotas_for_Chile? Maybe_we_just_found_out.
Chile has a governmental agency named InvestChile who has the responsibility of encouraging new investment in Chile. This agency is currently undertaking to encourage an international company to step up and begin to manufacture lithium-based end-user products (eg batteries) using the country's resources at "favorable" terms. A call for proposals to meet this objective was issued yesterday Click Here for Mining Journal announcement
Of interest, this call by the Chilean government for proposals is getting a significant amount of air time in India Click here for story .
The specifics of the call for proposals is outlined in more detail on the InvestChile website Click Here for original copy.
Buried in this article you will see a previously unpublished new figure of 300,000 metric tonnes LCE production target set for the year 2035 in Chile. This increase would "stage out" in linear fashion over the next 19 years as follows:
2016 - 80,000 mt
2017 - 91,579 mt
2018 - 103,158 mt
2019 - 114,737 mt
2020 - 126,316 mt
2021 - 137,895 mt
2022 - 149,474 mt
2023 - 161,053 mt
2024 - 172,632 mt
2025 - 184,211 mt
2026 - 195,789 mt
2027 - 207,368 mt
2028 - 218,947 mt
2029 - 230,526 mt
2030 - 242,105 mt
2031 - 253,684 mt
2032 - 265,263 mt
2033 - 276,842 mt
2034 - 288,421 mt
2035 - 300,000 mt
Albemarle has secured a yearly production quota of 80,000mt of LCE in Chile through 2043.
If NewCo Maricunga began to produce LCE in 2019 then it would figure Chile would be agreeable to endorsing a consolidated production target for other miners like us "above the Albemarle 80,000 mt quota" of 34,700 mt (ie 114,737 - 80,000).
In 2025 that figure for "other miners" could be 104,000 mt (ie 184,211 - 80,000)
It would appear that Chilean long range planners are not looking to throttle down or squander lithium output.
From what I see a NewCo 20,000mt LCE production target in 2019 does seem to fit into the big picture plan for Chile. If we max out at 48,000 mt for 20-30 years beginning in 2021-ish then it would appear everyone will be basically pleased. Over 48,000 mt/year we then start getting ecstatic I would think.
The Doctor
And now Wealth_Minerals is breathing down our neck.
As pretty boys Martin and Jeremy sit twiddling their thumbs possibly hoping someone with a modicum of real mining knowledge (and stones) will buy this project, we also now see in the rear view mirror spurned-lover Hank van Alphen hot on our trail aiming to zoom right up our patootie. Click Here for the announcement. Previously puffed up Daddy Warbucks BRGRF has plummeted from a high $1.43pps down to today's paltry $.74pps to wit some might now venture to say the previously dapper body appears lifeless in need of more oxygen and resuscitation. And oh yeah, did by chance our gold band wedding ring happened to get hocked? ... that is, assuming our wedding ring was solid gold (which is hockable) to start with and not just fake gold-plated.
The Doctor
EV_manufacturers_like_Tesla will have gobs_of_money_popping out_of_their_ears.
Now Chinese money is flooding into Tesla.
https://www.bloomberg.com/news/articles/2017-03-28/tencent-buys-1-8-billion-tesla-stake-ahead-of-musk-s-model-3
Lithium battery powered cars will soon be ubiquitous, first in China ubiquitous everwhere, then USA (esp California) ubiquitous everywhere.
The Doctor
PS, ubiquitous is the new 50 cent word for today dear students.
More Canadian miners coming to South_American Lithium_Triangle.
Advantage Lithium (AVLIF) from Vancouver is making the move to South America Chick Here.
Pure Energy Minerals Limited (PEMIF) is also coming down here to South America now. Click Here.
Soon all these chubby Canadians will be here once they realize the evaporation times for brine operations in Nevada are way too long and too difficult... plus getting water rights in Nevada without already being grandfathered in is nearly impossible. Elon won't be too far behind them.
The Doctor
Tesla to Start Taking Orders for Solar_Roof_Tiles in April
http://fortune.com/2017/03/24/tesla-orders-solar-roof/
Ohhhhh noooooo Mr Bill
Guess who needs even more lithium next year than we thought?
Yes that's right kids, all those Americas two-steps ahead of the curve cutting reliance on the over-priced grid need more lithium for their home battery stations.
The Doctor
Slowly I turned... step by step...
I still love that stupid schtick comedy skit from the Three Stooges.
For us (LIEG) our skit in South America could very likely unfold something like this:
Slowly I turned... step by step... Powerhouse Enirgi is getting closer and closer. Soon Enirgi will be breathing down our neck.
Click Here to see Enirgi with its mighty clutches creeping closer and closer to us.
Enirgi is entrenched in Argentina now... perhaps we are on the giant's menu for its next swallow-in-one-gulp meal. The giant is currently undertaking to polish off its appetizer in next door Argentina today. Tomorrow when Giant Enirgi is standing way high on his tippy tippy toes in Argentina He will easily look out to see Maricunga just across the border and start licking his chops.
The Doctor
Bearing is now producing_a_newsletter... well golly gee.
A friend of mine who is a shareholder in Bearing Resources alerted me to the fact the Canadian frat boys have launched a Bearing Resources Investor Newsletter this morning. My friend sent the Inaugural copy to me earlier today. Awwww, isn't that precious.
You can subscribe to the newsletter by clicking on the Bearing contact page.
http://bearingresources.nimbol.com/contact
and putting a check mark in the newsletter box.
If you want to read the current scoop on/affecting lovebirds LIEG & Bearing two weeks before it is published/regurgitated by Jeremy in his newsletter... then just simply stay tuned to this iHub board. You will most likely hear most of the freshest story/analysis on Investors Hub first long before the Gang of 5 in Vancouver gets around to bringing us mushrooms up to date with their glossy after-the-fact couched newsletter I am betting.
The Doctor
PS, one quick question to Jeremy. How many tons of LCE is Chile going to allow us to export per year? Just publish your answer in the next newsletter and we'll be happy. Thanks
Oh good... Russia wants to help in the Congo now.
http://tass.com/politics/936845
I wonder if the Russians want to also help get some of this smelly, dirty, ugly cobalt out of the Congo and over into Russia... of course, just for safe keeping until things settle down?
The Doctor
PS, note to Secretary of State Rex Tillerson, you might want to push that visit to the Congo up a little on your schedule. Without cobalt Elon is going to crash.
Remember that cobalt and graphite will_be_important also.
The Doctor
Sitting, Holding, Waiting, Wishing.... about time to get
Bearing is down 2% today. We LIEG are happily up 16%. LPI is down AU$.02 to a disappointing AU$.335 and all the shareholders down under are ready to commit suicide. The Roadshow in Toronto and New York/Boston was a complete bust and our whole rah-rah show went over like a lead balloon. Chile’s mining minister Aurora Williams (under President Michelle Bachelet) speaking at PDAC 2017 in Toronto (near the LPI booth) offered zilch encouragement to lithium miners in Chile.
http://www.mining.com/chile-steps-up-efforts-to-lure-mining-investors-beyond-copper-sector/
For the video of token female do-nothing minister of something-something in Chile Aurora Williams babbling on with canned platitudes about nothing of any importance click here
We LIEG shareholders have not received any notice to vote on the approval (or rejection) of a merger with Bearing Resources which was supposed to ideally happen in the Spring of 2017. Such a notice would in theory precede the vote by 60 days so it is safe to say the marriage with them ain’t happening this Spring. My bet is this marriage at the most optimistic date ain’t happening until November if it even happens.
Bearing Resources http://bearingresources.nimbol.com/stock-information
published a 29-page Corporate Presentation a few days ago in PDF http://bearingresources.nimbol.com/LiteratureRetrieve.aspx?ID=236726
which sheepishly borrows heavily on content from LPI’s Investor Roadshow PowerPoint presentation published earlier http://www.lithiumpowerinternational.com/wp-content/sharelink/20170301-pdac--nyc-investor-roadshow-f16db6feff1438758b04080babd4975f.pdf
In looking at this new Bearing Resources “term paper” I am torn between doing a polite rubber-stamping “Oh that’s nice honey” review and a full-blown Tosh.O type web redemption. I think I will go for the Tosh.O web redemption otherwise I wouldn’t be able to sleep at night.
Page 01 boilerplate. No Comment
Page 02 boilerplate. No Comment
Page 03 ground rules. See LPI page 09. On page 09 Bearing pays homage to Posco and tells you Posco is a major player in this deal who is capable of being our onsite lithium concentrator at the minimum on MSB’s land that is “grandfathered” in for mining. One page 03 LPI does not even mention Posco and leads me to wonder if LPI does not “truly appreciate” having Posco in this deal. Posco has the power to bust this whole deal wide open. And don't forget that my dear amigos.
Page 04 maps (BRGRF) and charts (LPI). Blah blah.
Page 05 charts (BRGRF) and pictures of all white LPI board.
Page 06 pretty visual on where lithium demand will be in 2020.
Page 07 more pretty visuals.
Page 08 market comparables. We’ve seen this study before but what is significant is that on page 08 of the LPI version they tell us (wink wink) our Maricunga project is 78% bigger than we previously thought (574,000mt LCE) which means the new projection of 1,300,000mt LCE is probably the new figure to come in the upcoming highly anticipated JORC. Some will argue this 78% figure is the growth size in hectares of the project but I think it is also coincidentally the size increase in the LCE reservoir underground. It would be nice if “helpful” Jeremy would now tell us if we have a 20-year or a 30-year project in Chile, but no he doesn’t mention that one small critical key salient fact today that we shareholders are all dying to know ASAP.
Page 09 salar comparison. See page 16 in the LPI report. No comment.
Page 10 timeline. This is where we (LIEG) start to see the “tension” between BRGRF and LPI. BRGRF’s Page 10 compares to page 12 in the LPI study. Note how BRGRF has superimposed the two part $22,000,000 contribution IN BOLD PRINT that LPI has to inject into the Maricunga deal in order to continue “in the club”. What Bearing is clandestinely telling us here is “whoa, whoa, Big Fella! You (ie LPI) ain’t a 50% partner yet as you have been bragging. You are only a 26.4% partner in this NewCo deal and you won’t be a 50% partner until you fork up another hot coochee-coochee mama US$15,000,000 CASH (which starts dribbling out after April 1 THROUGH December 2018) so don’t get ahead of yourself. The question today (March 22) for us is LPI going to bail on us April 1 and walk away from the $6.95M they have “added” to our LIEG net worth or forge full-speed ahead through clueless Chilean mining ministerial flunkies and countless silly-boy stock shorting manipulators bad-mouthing the whole lithium play for their personal gain? We’ll see.
Page 11 assay and test results. Borrrrrrrring. We (LIEG) already know we have a premium choice winner.
Page 12 assay and test results. Borrrrrrrring. We (LIEG) already know we have a premium choice winner.
Page 13 assay and test results. Borrrrrrrring. We (LIEG) already know we have a premium choice winner.
Page 14 pretty pictures.
Page 15 pretty pictures.
Page 16 who owns what chart. Bearing takes the sharp stick out of their tool box and sticks it right into LPI’s eye here by showing in bold print that LPI is only 26.4% “into” this love affair until they cough up another $15,000,000. Now look at LPI’s similar graphic on page 10 of their report. There is deliberately no bold mention of the current 26.4% (read inferior) position in NewCo on this LPI graphic. I wonder why LPI didn’t also mention (in oversize bold font) this small technical fine-print point? Maybe because if Ganfeng or Albemarle or LG-Chem or Tanqui are thinking of swooping in to buy Maricunga in April the question then arises would they (ie the new buyers) be more inclined to negotiate with a minority 26.4% owner (LPI) or a major 76.6% owner (LIEG/Bearing/MSB)? Perception counts for a lot in this deal. LPI wants to be perceived as a 50% partner in NewCo… NOW.
Page 17 special circumstances. Bearing reiterates the fact that only the “old code” sections of this Maricunga property could in theory be mined under the current President in Chile (Michelle Bachelet). Bearing is warning us now that we have to pull the stick out of our posteriors pronto and get Chile to commit to an export-quota on LCE in 2017 NOW! This export quota won’t be equal to Albemarle’s 80,000mt of LCE but it should be at least 48,000mt (not a measly deal-killing 20,000mt). Reference page 23 of the LPI report. LPI tells us in the last sentence that we all have to hold our breath on this project with regard to possible successes until the new president in Chile is installed in December 2017… which is probably going to have to be Sebastián Piñera if we want even half a chance to flourish/expand.
https://panampost.com/ysol-delgado/2017/02/28/pinera-denounces-dirty-campaign-block-candidacy/
Page 18 the gang of five.
Page 19 the gang of seven, the technical advisors who will in due time give us a clean bill of health (for tonnage and environmentally).
Page 20 capitalization of Bearing… which won’t mean sheet if we (LIEG) don’t marry them.
Page 21 hooray ciscoomba Jeremy, yeah yeah go Jeremy.
Page 22 our 574,000mt of LCE… yeah yeah, blah, blah.
Page 23 disclosure.
Page 24 lithium cost curve lifted from page 14 of the LPI report.
Page 25 pretty pictures.
Page 26 pretty pictures.
Page 27 pretty pictures.
Page 28 pretty pictures.
Page 29 pretty pictures.
MSB is in the best “driver’s seat” in this whole NewCo deal… and we (LIEG) are in the second best driver’s seat. LPI is in the third best driver’s seat and "unmarried" Bearing (suckling on the hind teat) is in the fourth best driver’s seat. And all that my dear friends is the facts of life for today March 22, 2017.
The Doctor
PS, do remember we (LIEG) are $6.95M richer today, we'll have a real NI43-101 in hand soon and Bearing has generously covered all our old pesky bothersome bills so far... so that's pretty good in the big scheme of things as our 2 sorta' former sorta' still LIEG executives in Vancouver must be quietly contemplating today.
Think Big... think Bigger than just electric cars.
Think lithium holding all the night time electricity for entire cities.