Bearing Lithium Corp. (fka BLILF)

[nomaddic1]

"Cristobal made it very clear that the imminent announcement has been something they have been working on for some time and represents "plan B" but at the same time STRESSED that they continued with the Codelco Plan A. Codelco is a very large copper coy and making a truck load of money with copper at 7 year highs and looking like rocketting further in 2021 as the Chinese economy powers (similar to after the 2010 GFC.)

The current Government has until March 2022 to make its mark and the Maricunga and Lithium are one of their first priorities. No government in Chile can be re elected, so they have to push hard to get infrastructure in place and thus the drive behind getting Codelco involved in the Lithium sector ( whether they like it or not)

All IMHO and my take on the call."

Codelco is use to Copper but needs MSB, or in other word our JV to assist and consult. It is important to note that only 2 other EIA's have been issued IN THE LAST 5 YEARS. We are barely coming out of the Pandemic. All projects halted, will re initiate once again. IE this is excellent, right when the EV market is on a very apparent up and increased trend.

For a more in depth Forum regarding our JV partner Lithium Power, please go here: https://hotcopper.com.au/threads/q-a-02-12-2020.5782752/#post-49311631

for more due diligence.