Member Info for CF73

Am now confident EPO sign-off will be next week. There are couple of glaring pointers.

Following VAST's AGM and some of our own digging around, looks like we could have our news next week.

8. Management changes: management at PREM is slated like no other. However, there are changes underway. PREM have already brought in Neil Herbert, who has a significant track record. There is talk of Dattels. It remains to be seen if it is Dattels but has significant connections to PREM (Circum, Regents Mercantile) and to the lithium sector too (LSC Lithium). Now what would the right management do for our SP and market cap? Would it add 0.10p or £11million? Seeing as it’s so important to so many of the bashers, expecting it to be worth way more!

The aims of the above has been to show how the current SP and market cap continue to undervalue PREM. Recent rises were from scandalous low (granted, arguably deserved). Those with foresight will have loaded when they had the chance. And no we aren’t going back to those lows. The cat is now out the bag. We see the bargain this is, the prospects it presents.

Each and every project or situation listed is worth equal to or more than current market cap on its own. Combine them all and we got something massive in the making.

4. Zulu EPO JV: EPO is an enormous area. PREM have had to provide credible plans to ensure EPO approval. That will have likely required JV being sorted or close to being sorted. Question is, how concrete will those JV options/ proposals have to have been? Personally think we are close and when hear of our plans and partners, will add a further rocket up the SP. What was our market again?

5. Circum: we have a 5% stake in Circum, just over 5million shares. Once Circum IPOs (is sold), we could get $15million back, or £12.3million. PREM have proposed a special dividend, after liabilities. That dividend could be anywhere between 0.050p and 0.10p. That is comparable to our market cap, £13million – as against to Circum liquidity event funds of potentially £12.3million (if we get $3 per share when we sell up).

6. MNH Deal, bringing on a producing profitable Manganese mine. This is a seriously beneficial collaboration that could provide us with money to develop projects within the portfolio. At also turns out the project/ strike area is even larger than Zulu with EPO! This is worth more than our market cap of £11million when we see what it could do for our SP.

7. Katate: This is meant to be a massive Rare Earth Mineral deposit. We have not been able to work on it to explore and unlock potential here. Could imagine that revenue producing/ profit-making projects (RHA, MNH) provide the means to get this moving. It could soon be clearer as to the value here. Am guessing will dwarf our current market cap all on its own, based on just the early work, just like the others already do.

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Curent SP and Market Cap (c.£11million) are a complete nonesense.

Let’s have a look at what we are getting for our current £11million market cap:

1. RHA: we spent $20million + on its development. We have a mine and plant. Zim government have agreed bring RHA back into production, inputting equivalent to $6million (to in turn be subtracted from that $20million + which formed a loan account owed to PREM) to sort out the issues. This includes electrification, which we hear is going well, due to be completed Nov. That loan account now is $14million. Damnit, our XRT Sorter is worth a cool $1million on its own! Signs regarding RHA are very good. We look like we finally heading towards a mine that achieves the potential we all once hoped for. Remembering our market cap again, £11million,

2. Zulu (without EPO): Zulu comprises Main Zone and New Zone, with a target ore of between 120million tonnes to 160million tonnes. Where we have already done a Scoping Study for a portion of Zulu (for 20million tonnes). Scoping study shows a more than viable project (including a very low CAPEX compared to other projects. Pilbara Minerals), the largest hard rock lithium project in Australia has ore target of 108 million tonnes – a company which at one time had a market cap of $$Billion +. Given the relative size comparison, Zulu (without EPO) been said to be on a par with Pilbara. Remembering our market cap again, £11million,

3. Zulu with EPO: EPO area is 202km2, compared to Zulu on its own only 3.3km2. In other words, EPO is 57 x greater than Zulu. That means potentially 57 x Pilbara too! To put things into further perspective, Bacanora’s ‘Sonara’ project is the largest hard rock lithium project in the world. If the grade and density was consistent throughout EPO (as what we have found with the portion of Zulu for which there is a Scoping Study), then it is possible that EPO 72million tonnes LCE (Lithium Carbonate Equivalent) compared to Sonara’s 8.7million tonnes of LCE.

Is worth adding, Neil Herbert is now on board at PREM. He with along with GR and Stephen Dattels (no less) were involved in Uramin, selling it for a staggering USD$2.5billion!! Zulu with EPO is sits on the massive ‘greenstone’ mineral belt, the entire area, 57 x bigger Zulu and full of opportunity, and presenting enormous value to PREM and, crucially, Zimbabwe. What’s our market cap again? £11million?!

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That is some awesome work Ziggy!

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Agreed finnharps, not long now (as I said elsewhere, an RNS tomorrow morning not out of the question )

An RNS tomorrow not out of the question...

Folk on here now deramping with multiple IDs LOL, after having sold on the dip and then seeing the SP bounce back fast

Those who have sold just now will come to regret it me thinks.

News not far off and cold come sooner than we're expecting from here.

This could be the last opportunity to get in and be part of the ride when EPO lands.

Good luck to all the genuine folks!

Excellent post again Charlie!!

EPO RNS should get us passed 0.30p. If we have the right level of detail and ambition contained within that RNS (as far as could reasonably be expected at this stage), we'll be knocking on 0.40p.

This with JV to come.

Some folks are trading this and 'flip flop' (as one trusted poster put it) between positive and negative depending on when they in or out.

Thanks guys for the corrections and clarity!

Post of the month on here Charlie!

For folks coming new to PREM, tedoby's posts on Zulu (see the thread) is well researched and contextualised. A must-read for anyone interested!

If FRR were in as a deep a sh-1t as some fear, not taking the route out of this battle with Hope that ADR has clearly presented would be a level of suicide you just wouldn't expect, however bad things have been up till now.

Pophaed, you said,

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"Frontera will not agree to close the case with prejudice because once that is agreed its finished, no oppotunity to re-open the case and cause continuing pain to Hope [...]"

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FRR could only take this route if they were in a position of strength. This would be a level of confidence not possible for us to enjoy as we do not have the repsective detail. However, I draw some meaningful confidence from seeing that Hope et al were prepared to have the case dismissed with prejudice.