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IQ, yes, this is what is meant. The biggest hard rock lithium mine in the world and by some margin! Remembering that Zulu Main Zone and New Zone were being considered on a par with Pilbara Minerals, which had at one time had a market cap $1Billion +

The EPO area is over 50 x bigger (and is possible we may have secured the lot).

If we bang out DFS for Zulu including EPO area, we will be able to sell into the high $$$$hundreds of millions. Ths could come within 12-18months of announcing our JV partner and commencing the programme...

If you take the additional area of 22,000 ha under application as having a similar density and grade of Li2O then Zulu if developed will be proven to be the largest hard rock lithium mine in the world. Not just marginally but as things stang by a factor of at least four and possibly as much as ten

[Courtesy of tedoby]

Should be no doubt that we getting our EPO, is as much value to Zimbabwe Government as to us.

Read those very same articles. Two things come to mind, first, as have been suggesting, this isn't one way. Zimbabwe needs us and the other projects and EPOs are very useful way of advancing the sector, creating jobs and growing the economy. Second, that the Oct 14th is about the Government showing home and abroad that they are making progress

Great to have you posting too mal, could do with your wise head around here more often! :-))

Posted this earlier today. Worthwhile another look:

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Premier gets EPO for Mat North projects Engineer Polite Kambamura

"GOVERNMENT has granted Premier African Resources an Exclusive Prospecting Order (EPO) for its Zulu Lithium and Tantalite projects in Matabeleland region."

[...]

"Mines and Mining Development Deputy Minister, Engineer Polite Kambamura, confirmed the acquisition of the EPO by Premier African Minerals to ZBCtv news."

"Yes, I can confirm that Premier Mineral Resources managed to get an exclusive prospecting order to kick start the mining of

"This is in line with the Government Mining Development Policy and Zimbabwe is open for business mantra in order to be able to increase mining output."

https://www.chronicle.co.zw/premier-gets-epo-for-mat-north-projects/

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"Premier African Minerals Limited ("Premier" or the "Company") notes the recent comments in a number of Zimbabwean online news sites relating to the current status of the exclusive prospecting order application ("EPO") made by the Company's for its wholly-owned Zulu Lithium and Tantalum Project ("Zulu")."

[...]

"The Company will notify the market as and when the Company receives written communication pertaining to the status of Zulu's EPO application."

https://www.investegate.co.uk/premier-african-min--prem-/rns/zulu-update/201910020700064296O/

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Lithium interest jolts RioZim to action

"RioZim Limited plans to upgrade its Empress Nickel Refinery so that it can start processing lithium given huge investor appetite to exploit [...]

https://www.sundaymail.co.zw/lithium-interest-jolts-riozim-to-action

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"Zimbabwe has potential to meet 20 pct of global lithium demand"

https://www.reuters.com/article/zimbabwe-mining/update-2-zimbabwe-has-potential-to-meet-20-pct-of-global-lithium-demand-idUSL8N1QI2ID

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Have to disagree with thsoe sorts of analyses jimmy and RB@Balboa. We need ge be more realistic. Getting ahaed of ourselves when the haven't as yet secured EPO. I believe it is all possible but need to wait till next to see what the situation is. Once we have EPO in hand, we can start talking more optimistically. At the moment, just got to be careful that we don;t come across too rampy!

Been a good day today. Good luck to all the genuine folks!

Wundergoals, you are right about market cap. However, whenever I mention an SP target, it is always with in mind the correlating market cap.

At 0.50p, we talking a market cap of £55million. Now, that is for Zulu with EPO with subsequent JV Partner, added to which is Circum, RHA and MNH. When you put all that together, 0.50p does begin to look a bit modest.

Have said elsewhere, the value of Zulu plus EPO isn't just Zulu plus EPO plus JV (though granted, this is HUGE!!!), it's additional value comes by way of a turnaround in sentiment, such that it will subsequently allow for RHA to have to be attributed some value again; for Circum to be taken serious (-- have also said that Zulu with EPO likely incerases the chance that we have a JV that brings in funds to develop Zulu, meaning that Circum liquidity event monies becomes more likely to be available for a special dividend i.e. 0.05p to 0.10p); and MNH to begin to be drawn into the picture (a deal that could bring a producing profitable mine -- just take a look at tedoby's top analysis/ research).

The short of it is that Zulu with EPO changes the lot for me; if we get it (and, like many knowledgeable folk, am very confident we will), then 0.50p (£55million market cap) over the short to medium term becomes more than eminently within reach (and probably more).

Great post tedoby - glad to have you contributing again!

Am not saying EPO gets us 0.60p.

EPO gets over the 0.20p towards 0.30p. If we land a JV thereafter, a good one, with the likes of RIO, including a credible plan (almost inevitable if you land RIO), that gets us out to 0.50p in my book. And that's before we've mentioned the rest (Circum, RHA and MNH). Regarding Circum, they are due to make an announcement this side of the New Year. Their main plan is to try sell Danakil, however, failing that, they are ready to IPO and are pursuing both avenunes simultaneously.

0.60p is possible when you look at the entire picture and it can turn very soon. But we need EPO first -- and, as we see, that's not far off happening.

0.6p is possible but requires initally EPO and the right kind of JV Partner. The combination of all this, along with Circum, RHA and MNH, could see us exceed 0.60p. We know that there will be Circum announcement before end of year (as per Circum's last update) and the MNH deal is bubbling away as we speak (while RHA work had already recommenced). So a lot happening now and to happen very soon, making those SP predictions possible -- but first, lets get EPO in the bag...

rob, anything is possible. For example, the Zulu with EPO area has extensive deposits of gold too (this is not incidental to our plans - PREM is, I and some others believe, taking the gold seriously!). We just need this one piece of good news confirmed (which it will be) and everything can, finally, become accounted for/ given value; from Zulu to RHA to Circum to MNH to Katate - all down to changing sentiment! Curruet market cap of £9million is ridiculous!

Once we get the EPO and the contained finer detail, we will see :-))

This will zoom like a rocket Nathan, so Bryce yourself!

Good luck to yah!

...and once news of JV lands, then you can add even more to the SP and market cap. With the right JV (i.e. right partner and plans), bearing in mind Circum., RHA and MNH, is possible we get to see 0.50p in a comparatively short space of time. Would've been unheard a year ago.

Exactly Mohh,

whatsitworth, not sure how long you been invested here or even how many IDs you got, but PREM had to provide credible plans in order to secure EPO. These plans will have included who they expect to work, what they expect to achieve over what time frame, and so on. The folks who are well-researched 'know' who those partners could be. There are pointers across the threads on LSE and over on Twitter. If you trading, better to be in ASAP. It ain't going to go much lower. Not worth it for the 4% you might gain when the upside from here is likely 200% over the coming days.

As always DYORR!

chippy, in the interests of balance then, how about you spend the next three business days with positive constructive posts?

If you do that, I will listen to your other stuff...

Deal???

There's been a lot of change in the post-Mugabe era. That's takem time. But Zim are living up to promises. They have moved to sort PREM's RHA project and bring it to production, which htey have firmly committed to and is happening as speak/ write.

They approving EPOs as these are a key source of growth and opportunity, especially for jobs and state revenues. At the moment, Zim government '...under immense pressure to retrieve the country from the prevailing economic woes....' (from a story just published a few hours ago). This is not a one way street, where Zim can do what they like. The present Government has to arrive at the next election showing tangible progress, particularly jobs and prospects. These EPOs are central to this. Mining and minerals is being set up to be the largest most key industry in Zimbabwe, and this out of absolute necessity.

chippy, firstly, no-one claim that GR has done a godo job. I have raised this here and with the company, plenty enough. The difference between folks like me and folks like you are that quite a many of you lot are disingenuous. You claims all sorts for being here and for yoru posting approach, but you actually here trolling and nothing else (CACKER is here trading and trolling). Own up to your trolling and I will treat you like an adult - that is a genuine promise!

Is a good job you called chippy and not chirpy. As got to be chronic in your neughbourhood, you bringing down the mood.

Indeed MadChatter, we have hit the share ceiling. We cannot issue any more shares/dilute without an EGM. So we are safe from that issue. But Chippy the troll already knew that.