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Bacanora Minerals delighted as feasibility study indicates Sonora worth US$1.25bn

Published: 08:54 13 Dec 2017 GMT

Bacanora chief executive Pete Secker

Peter Secker, Bacanora (LON:BCN) chief executive, believes the Mexican deposit can become one of the world's top lithium producers and generate significant returns for shareholders given its low operating costs.
The rate of return is 26% and net present value US$1.25bn while Sonora also has the resources to run for more than 200 years at the projected annual production rate of 35,000 tonnes.

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on 27/1/22