Ann: Market Update to Sinomine Transaction, page-50

Sinomine seems pretty intent on acquiring Arcadia for its battery making intentions. It can acquire PSC and Farvic outright and obtain 90%. I think it needs Examix as a 10% partner as Paul C. is very influential in Zimbabwe. Not sure whether the shareholders of PSC will sell the asset alone and, that will get Sinomine only 63%.

Petalite lithium is a type of pegmatite ore that is suitable to make lithium hydroxide, for electronic and electric vehicle batteries, and high-grade glass applications. There is a growing market for glass applications, not just in traditional uses but also in new high-strength applications like the glass used in mobile phone screens, according to Bubar of Avalon Metals. Glass manufacturers prefer petalite because of its low iron content that simplifies the purification process, he said. Buyers in the glass industry are also concerned that car manufacturers will also guzzle up all existing lithium supplies.

There should be at least 1-2 bags in the shareprice of PSC once word gets out, IMO.