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Wolf- i'm not suggesting anything.
IMO the Zulu mine has already been sold,subject to a swingeing list of conditions.
All this talk about other interested parties is often used by Mr Roach,utter rubbish.
Still believe Zulu will be taken out of Prem,makes commercial sense to me.
We should all do well from our investment-
Acker
You could be right acker.. then again you could be wrong... the mine will be open pit and the product will be brought to the plant for prosesing regardless of how big the resource is.
bickmaster he says the majority of drilling is doen , that is in my mind > 50% . you may want to listen to interview again .
Acker , nonsesne nothign has been sold , the list of companies are only at the DD sage andf it wil ltake a week or two for offers to come in , George is plannign to build the mine and retain as much as we can and give as little away as possible. i want at leat 80% of a mine producing £100ms a year not give away 50% now or as you say 100% . Those asking for a full 505 jv now dont understand how much monewy is to be made havign a mien producing Spodumene at current price $2260 a tonne
Evening SK
Didn’t GR say he would not the build the mine in London?
Prem are exploration and surely the last thing anyone wants to hear is that Premier is going to build the mine ...
I wouldn’t trust him to dig a 6foot grave let alone a lithium mine ...
You never know he may be studying an on line mine building course via open university !
SK--I think you are being a little naive regarding Zulu & CEO.
Prem is operating in one of the worlds most corrupt countries,you and any other shareholder would not be privy to what is really happening.
George is just smoke-screening shareholders,the power and the money will be within the cartel.
Acker
SK - I do sincerely want Prem to keep hold of as much of Zulu as possible for as long as possible but I'm doubtful that any serious partner will agree to that because GR would still be at the helm. Any partnership will signal GR's departure.
I wouldn't be surprised if the next load of shares to be issued goes to one of the potential partners.
Welshy , you must have misheard , the plan is to build the mine but keep as much as possible
Not a coo tomorow , but Pr lady
Acker May be I am naive
Snowking,
In response to your post at 20:29 below, at no point in the Stockbox interview does GR say the majority of the drilling is done. So you cannot say over 50% of the DFS work is complete.
I am not a fan of your posts which are not true, indeed they are misleading. It may be time to bring back Napom as the spokesman for your group.
Bickmaster
Bick,
George said a lot of the drilling has been done already . So I interpret that as more than 50% done .
Bick it is around 6 mns into interview
Snowking you saying by what George has said that you interpret more than 50% has been done highlights the problem .
Nothing is ever clear and concise from George so most of the time we are guessing or surmising what could be happening .
Communication is dreadful and will continue to be with George at the helm .
Correct, Redandy, I reckon George's use of the word imminent could be used here. So, using that as a guide 'a lot' probably means around 10%. George is a slippery little monkey and never gives clear and concise information, I can't even begin to think how the JV negotiations might be proceeding! FACTS are what is needed and we (shareholders) get precious little.
Cherryburn, the figure that's been banded around is 70 to 100mil for the cost of building the mine... anyone paying for that would insist on at least 51% and for George to take a long vacation... there is good road and rail infrastructure with power close by that will need upgrading, Zulu is after all only 10 kilometer from Bulawayo.
I don't think GR will do a deal until the DFS is completed... then it will be sold.
Wolf
All I ask for Christmas is this to spike do that I can sell the rest of my shares without incurring a substantial loss. I have total faith in GR to totally f*** this up.
Pilbara spent approx $300m AUD on their stage 1 plant. Which equates to approx £160m. Though it was in 2018 so with inflation and price escalation in construction materials (steel has doubles for example) etc. that would be closer to £200m nowadays. The thoughts of GR even going anywhere near a project of this scale isn't worth thinking about.
Although we may be lucky and Snowking might confirm more than 50% of the mine has already been built because GR has done some early design work on flowsheets etc. That would save approx £100m.
Bickmaster
Early reports omicron is mild. GR might get lucky after all
Bick, the cost of building a mine in the developed world can go into crazy figures... remember Sirius, don't you think it will be considerably cheaper in Zimbabwe.
Wolf, there wont be any significant savings on development of an above ground mine. Remember quality of manufacture/installation is sacrosanct and there isn't much difference in construction materials across geographical locations. There will be savings on operations but these will be on labour only. Generally the capital development costs do not vary significantly from one country to another.
Sirius is slightly different because of the extent of tunnelling and the mitigation measures required for proximity of the national park etc.
Bickmaster
Thanks Bick, realistically then GR will never get a JV to build a mine for just 20% of Zulu... it will be interesting hear what snowking thinks.
It is pretty simple
Plan A is for an offtake deal , that means giving nothing away of % of Zulu to build the mine
Plan B woudl be to give say 20-50% away to build the mine.
THere are few mines left in the world for anyone to invest in and so Prem will have loads of companies chasing it . The rush has started just listen to the interviews and pick up the phone and ask George how much interest have you had in the last two weeks .
Acker must have as he has bought back in.
You can wait for the following if you want certainty
1. good assay results
2. JV deal for 10% of Prem to complete DFS
3. Resource increase 20mt to 40mt
4, No placing
45 Discussions to have an off take agreement with no more zulu given away , retaining may be 80%
I think 1, 2 , 3 and 4 will occur before xmas and 5 in Q1/Q2 2022
So lets see where we are by xmas
Snowking.....must be fun living in the GR fantasy world !
its great and one day i wake up and we are up 1000% , just like one day in March and it will happen again , just watch
Occasionally, Just occasionally one wakes in early in the morning in the middle of a sweet dream. One such day could be real. Well, I hope so, for you and for me. I shall keep an eye of the price of PREM till your dream turns into a reality. So, you have, at least, one faithful follower.
Vetta
You as a long term investor with such a sizeable holding know only too well the rollercoaster ride that Prem is .