Rating is available when the video has been rented.
This feature is not available right now. Please try again later.
Published on Mar 3, 2016
Peter Secker, chief executive of Bacanora Minerals (LON:BCN) says the completion of the pre-feasibility study at its Sonora project is “another milestone and another step in the development of the project.” The PFS estimated an internal rate of return of 29% (post-tax 25%) and an associated net present value US$776mln, (post-tax US$542mln). “We are continuing to deliver good news and we think we are on the next stage of developing Bacanora into a significant lithium producer,” he says. The next stage is to search for off take partners, with Secker’s preference for two large off takers on long term supply agreements.