Bearing Lithium Corp (BRZ)

[Dr_Vonschellan]

Oh_nooo, senior_astute trader_injects truth_serum into LPI-HotCopper
Every LPI-HotCopperpumperpenisshrivels up instantly starting with FrankRockefield
https://hotcopper.com.au/threads/lpi-the-next-lithium-producer-in-chile.6650218/page-2187?post_id=65309209

This post from GCar won't survive more than 15 minutes before it gets deleted from this LPI-HC pump site by one of their overzealous pumper moderators (probably TheGekko or BushStar) so we'll reprint it here for those red-asked shareholders interested in hearing from another fellow ozzie an opposing viewpoint to all the redundant horsesheet from the old worn-out resident ozzie pumpers on LPI-HotCopper.

The deleted GCar post follows:
Lol Frankie 10x (ref 10x FrankRockefield), you still selling the dream?

It was over a year ago that you were claiming LPI would be in construction within 6 months, it would be “the next PLS” and would return 10bags within 12 months, “guaranteed”.
Desperate ramping, it seems.

The threads here tell an interesting story; many holders have clearly lost all faith in management, now most seem to be hoping for a buyout, knowing that there is little/no expertise or competence to actually bring such a large and complex project to production.
Sitting around waiting for a billion dollars, whilst paying other companies $100k per year to publish “research reports” about how great the company is, has a bit of that LKE flavour I reckon. Shady AF.

Like I said when I first posted here ages ago, we need all the Li we can get and I wish all companies well, but the harsh reality is that this is not selling crushed rock, and the precedents for successful Li brine projects are few and far between. Zero new ones in “the west” in the past decade or so… Anyone thinking that you go from making a few kg’s in an external lab to 10’s of thousands of tonnes per year is absolutely kidding themselves.

Construction etc will be 2-3 years post-finance and cost more than they think. Someone taking a gamble with hundreds of millions of dollars will want their pound of flesh, and with little de-risking via an actual (demonstrable) scalable production process, you will see what I mean as/if it progresses.

Comparing resource etc with those over the border is nonsense, BTW, as some others are focused on actually producing quality product at scale, with sinking holes and waving around a shiny resource number a secondary focus. It means nothing unless it can be exploited effectively, unless the plan is to be bought out. It seems that’s what many now hope, as the realities of actually developing a commercial project start to become apparent.
Do the cheerleaders still claim that producing tonnes of BG carbonate for product qualification is a “waste of time”..?

IMO if the company wants to go from “external lab producing a few test tubes of product” to “10’s of thousands of tpa” with US$500M+++ development costs,then they will have to give up a LOT to those taking that massive risk. It might happen, and I hope it does, but sheesh lay off the ramping etc and stick with the facts and actual tangible progress.

IMO might be worth a gamble at sub 30c with the hope of a buyout by a Chilean producer who can actually deliver a viable project…. Even then it’d be 2026 before production starts IMO.

IMO many under-researched shareholders think this is like building another iron ore mine or coal mine, pointing to the resource and largely ignoring what is actually critical - a proven scalable process; particularly in a sector that is severely starved of experience and expertise.

DYOR
GLA
GCar