Bearing Lithium Corp fka BRGRF

[Dr_Vonschellan]

20,000MT/yr is one_big_fracking_political_dump...Jeremy,_you_just_rubber-stamped_it
like this stinky white-washed 5th-place medal finisher news in a 5-man news race is just wonderful la de dah, la de dah 1st-place medal winner news without making even one intelligent qualification or clarification to this on-going politically warped yearly output absurdity. When I write here that we new BRGRF (ie Legacy LIEG) shareholders are nothing more than mushrooms-in-the-dark inside a windowless darkened cow barn being fed a steady diet of sheet... this is a good example of what I am talking about. How do you Canadians sleep at night?

Way back on November 14, 2017 Elm Strator Click here for Spanish. Click here for butchered Spenglish.
investigative writer for Pulso, Constanza Valenzuela wrote (in so many words):
Codelco has only 18% of the Salar, while SQM and the mining company linked to Martin Borda have similar percentages but with a better quality on their properties, which allows them to extract a higher concentration of lithium. Despite this, Codelco recently received a permit to extract up to 325,045 Tonnes of the metallic equivalent lithium (LCE). This was granted after the projections delivered by the company itself from their property held in the Salar de Maricunga.

Codelco has only 18% of the surface area in Salar de Maricunga and can produce 325,045 Tonnes LCE LOM which translates into 16,252 Tonnes LCE per year for 20 years.

Our Maricunga NewCo JV property has 18% of the surface area in Salar de Maricunga and can produce a mind-boggling RAW 2,150,000 Tonnes LOM which translates into RAW 108,000 Tonnes (ie apples-to-apples 59,400MT of LCE) per year for 20 years.

In order to get this comparison into an Apples-to-Apples format we need to take our RAW 108,000 Tonnes/yr and through "conversion" which amounts to a 45% loss in weight convert this material to LCE (Lithium Carbonate Equivalent)... so, simply multiply 55% times 108,000 Tonnes/yr to produce 59,400 MT of LCE. See page 155 of the NI43-101. To maintain this 45% loss in the "conversion" process using any of the new modern membrane processes instead of the old-fashioned antiquated evaporation pond process we would need to tie one hand from every worker on our site behind his back during his entire working shift. I do believe this conversion loss is going to go down to 10-15% by 2019 (ref POSCO 5% loss results on first pilot plant)... but that is another discussion for the future in which we easily and very likely approach 80,000MT of LCE per year in 2022-ish if Chile relaxes the export quota restrictions under Pinera.

My point is, our project has no problem hitting 59,400MT/year of LCE using even the most primitive ancient (Codelco-type) pure evaporation pond techniques. This would be three times the current PEA of 20,000MT using the same $527,305,000 equipment. I was hoping Jeremy would address this "anomaly" in his press release on December 19... but such a discussion would greatly diminish/impact/subvert the mushrooms-in-the-dark policy apparently in place up in Canada.

What is even more galling to us lowly shareholders is that in order to reduce this minimal output of 59,400MT/yr down to 20,000MTper yr you/we must apply a Tricky Dicky Fudge Packer factor (SUBTRACT) factor of 66% as a further reduction to the yearly LCE output. This Tricky Dicky Fudge Packer factor (SUBTRACT) factor has varied between 46% to 66% in our Excel spreadsheets for proposed Scenarios 1-3 used to determine current BRGRF PPS. Click Here for proposed Scenario #3.

So, in order to get DOWN to 20,000MT of LCE per year we must (using the Tricky Dicky Fudge Packer factor (SUBTRACT) factor of 66%) have aliens from another planet swoop down in their UFOs during a coffee break for the workers onsite and suck up 39,400MT of LCE per year to fuel their UFOs when all our employees and contractors are looking the other way. Or, we deliberately have to throttle down our Lithium making operations on the project. I was kind of hoping that in Jeremy's PR statement on Tuesday he would highlight the fact that the project is a nothing less than a colossal monster project in Chile and is being deliberately throttled down (ie strangled) to meet a momentary artificial political target of 20,000MT/yr whilst we simply rebuild/enhance/construct a new trusting open kissy-kissy relationship with the government... and not the true 59,400MT of very-high quality low-impurity LCE we could actually produce with one hand tied behind our backs.

Our Maricunga NewCo JV property has 18% of the surface area in Salar de Maricunga and can produce RAW 2,150,000 Tonnes LOM which translates into RAW 108,000 Tonnes (or 59,400MT of LCE) per year for 20 years. WE are over three times more productive/wealthy on paper at full bore than neighboring old-geezer Codelco... where was your mention of this huge basic good/uplifting news in your latest PR blast? Have you Canadians never heard of adding a minimal amount of good news "color" to your PR announcements?

Jeremy, we lowly mushroom-in-the-dark still-peasant wetback shareholders were looking for some good uplifting news from you on Tuesday in your grand over-dramatic Halt-the-Whole-Fracking-Show PR Announcement. Instead. you gave us nothing but more mushy-slushy brown sheet in the our darkened cow barn.

Jeremy, You gotta' step up your game man... be a leader, show some initiative/balls/chutzpah.

The Doctor