RE: Why low SP24 Feb 2024 17:35
Snowking
There is no need to point out the potential of Prem, have been banging on about it for years.
In an earlier post, I asked someone to come back to me in July/August for a proper appraisal of the economic capabilities of the Zulu mine.
Snowking, please answer the following questions:
A]On what date will production start?
B] Is there any guarantee that the first production will run its full course and result in nameplate tonnage
C] Is there any evidence that the first production will carry premium grades
D] Have you evidence that Canmax will, once again, roll forward the prepayment liability, now 4 months of no output?
E] CEO has always made it very clear that he is, or would be, very uncomfortable running Premier without any surplus shares in stock. He has maxed out placings, is he comfortable with this?
IMO the market will watch with reservation, I have said this on many occasions, the market will respond when it is very clear that Zulu Mine can, regularly sell each month nameplate + at grades above 6.5%. Should Zulu achieve a run of 3 months plus good results then, and only then, will heads start to turn and the market feel comfortable.
I see you have jumped on the bandwagon regarding tantalum and others, point was already covered on this BB
I concede lithium futures are up, are you sure this is a supply/demand rise, I invite you to read the many articles about the amendments made by brokers in calculating prices, the adjusted calculations have been credited for the rise, not the economics of the commodity.
I am sure it will all come good, fill the potholes and a slice of luck, and away we go, but not next week.
Eagerly awaiting the MO from Canmax
Cut out the ref to missing the bigger picture,I know you get very excited but no need for such statements.
Acker
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