aug 12 pre market nat vinyl record day, page-66

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christophe

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12/08/19

10:03

Post #: 39959872
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Originally posted by valvesound: ↑

Few comparison notes i put together regarding MQR and BMG ( I hold a position in MQR )
Both have acquisitions in the lithium triangle and both of the cusp of a drill campaign.

BMG
BMG @ 1.4 cents ( will need to raise another $2 Mil worth of funds for exploration capital in time causing significant dilution for get there 50 percent earn in, this maybe done by getting the options converted? )
Shares on Issue : 550 Million
Market Cap = $8 Mil
Cash = $1.5 Mil
EV = $6.5 Mil

On the upside i do see a positive here in that, they are reissuing the expired June BMGOA options this week to expire 31st Dec 2019. Management would have only done this if they thought they were going to get them in the money and get them converted for funds. So there is def upside in that respect.

MQR
After Capital Raising and acquisition approval by share holders this Wednesday
Owning 30 percent of the project in a JV with LPI ( who have recently signed an MOU to with Codelco to develop there Maricunga project ) should bode well for MQR's presence in the lithium triangle.

MQR @ 10 cents
Shares on Issue : 53 Million ( Very tightly held )
Market Cap = $5.3 Mil
Cash = $1.7 Mil
EV = $3.6 Mil

Drilling to commence soon, certainly makes MQR the value play for a lithium brine stock in the Salar

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You've also got to compare the quality of the leases too Valve!

BMG have a few leases in the Salar West as direct extensions from SQM's and Albermarle's biggest producing tenements! The geophysics etc is exceptional on this main lease which they will drill first. Just because you are in the Lithium Triangle it doesn't guarantee success. BMG have an exceptional lease here that is far more valuable imo.
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