Member Info for Charlie1984

What happens to the SP next? Zulu confirmation weeks away and that's us on our way to DFS RHA sign off Possible JV but GR as hinted at production at current ATP price being an option in latest interview So will we start to see money as PIs take there positions or will PIs wait for the RNS to land and pay a premium? What ever happens looks like we are at the bottom, a lot of support at this level and that was confirmed on Friday as every sell was hovered up. We just need the selling to stop and the buying pressure to continue, not long to wait till markets open and starting to feel the PREM buzz again hopfully everyone else is, sentiment will return and confidence from the market that they know we mean business this time - GLA

This is what is filling me with some hope and I believe RHA production will do away with the requiremt to raise the share cap.
GR said in his interview that with the current ATP price we could get RHA into production

The caption I highlighted in the report refers to a ATP price of $325mtu which we must be passed by now, this figure also takes into account a discount. The ATP price is slowely creeping up and is expected to reach $425 at least by 2019.
Fingers crossed sign off is quick, the new government is in our favour sign off if in a que and production is close the government will know this and know that they will have a cash income as soon as we start up. They need much needed funds as well as is so we will just need to wait and see GLA

No problem guys, its been difficult for some time to even talk about what we have without getting shot down by one or two posters with numerous aliases who had their own agender.

Seems LSE has done a good job of flushing out the loons and hopefully we can see some normality return back to what was a fantastic BB until they turned up.

The wind is close to changing direction and hopefully fill our sails, it hasn't been a easy journey but one if you have managed to hold on and average down will pay rewards I'm sure of that.

A lot of good guys on here before and hopefully they will return, sentiment will return and we can really see what positivity and momentum can do for PREM and the SP.

IMO we should not be here, we just await the news the Market wants to here and we will move and hopefully move quickly.

No predictions from me on SP those days are over ........................ holding long and strong GLA

tedoby all my information today has been taken directly from PREMs web site.

I am basically sharing what is already there for all to see. (As I said not trying to ramp just highlight what we already have)

The new website does take a little getting used to but there is a lot of valuable and informative information on there

https://www.premierafricanminerals.com/zimbabwe/rha-project-tungsten-mine

The link above will take you to the page on RHA there are two reports on there to download and review Implementation study Report RHA Tungsten Project and RHA Resource Report

Below them there is the view 2017 photo gallery which will show you all the photos taken of plant equipment and shallow pit etc

Have a little navigate about if you have chance, they have done a excellent job and every project and bit of information available for that project is in there - happy reading

To highlight and back up what I was saying in regards to GR saying we could start production the below information was taken from PREMs web site and there Implementation study Report
RHA Tungsten Project

*Price projections of US$325/mtu APT at a 34% discount to APT were used *
(Now what is the current ATP price ? Say no more on this matter)

The pre-tax economic analysis indicates the following:
 Net present value for the Project at a 10% discount rate (NPV10) of US$5.4m;
 Internal rate of return (IRR) of 161%; and
 A payback period from start of production of 9 months.

Shinny IF we are stock piling and running the plant and equipment which should by now be full optimized I would expect we could be sitting on a substantial amount of Tungsten Ore ready to ship which would be a nice and much welcomed cash boost to the kitty.

Capital costs for all disciplines are summarized below:
Description Pre-Production
(US$)
Delayed payment
and sustaining
(US$)
Total LoM
capital (US$)
Mining 87,401 59,937 147,338
Processing 2,169,416 451,904 2 621,320
Tailings Storage facility 225,242 - 225,242
General Infrastructure 771,414 762,294 1 533 708
Owner's Costs 414,369 33,737 448,105
Subtotal Direct Capital 3,667,841 1,307,871 4,975,713
Procurement & CM - 449,382 449 382
Contingency 92,373 49,536 141,909
VAT 345,428 -345,428 -
Insurance 41,011 - 41,011
Subtotal Indirect Capital 478,812 153,490 632,302
Capital Expenditures 4,146,653 1,416,361 5,608,015
Sustaining Capital - 150,625 150,625
The operating costs presented below are extracted from the economic model, which are based on
the mine schedule. The estimates have been developed from first principles, or are based on firm
contractor quotes. LoM operating costs are estimated at US$75.60 / tonne of ore processed or
US$89.14/mtu produced, ex warehouse Beira. The operating costs for all disciplines are summarized
below:
Item LoM (US$ 000s) Cost - (US$ / mtu) Cost - (US$ / t
processed)
Waste Mining 4,705,837 37.0 31.3
Ore Mining 636,967 5.0 4.2
Mining Fixed 844,100 6.6 5.6
Labour 1,966,657 15.4 13.1
Processing 2,070,141 16.3 13.8
Tailings 280,544 2.2 1.9
G&A 543,448 4.3 3.6
Transport 303,171 2.4 2.0
Total Operating Cost 11,350,866 89.14 75.6
Price projections of US$325/mtu APT at a 34% discount to APT were used
The pre-tax economic analysis indicates the following:
 Net present value for the Project at a 10% discount rate (NPV10) of US$5.4m;
 Internal rate of return (IRR) of 161%; and
 A payback period from start of production of 9 months.

Peacocke Simpson & Associates (Pvt.) Ltd. performed investigative gravity concentration testwork
on a 200kg bulk ore sample where after the selected flow sheet was tested on an 800kg pilot run.
Gravity amenability test work was completed on Lodes 1 and 2 to ensure these target loads would
be amenable to the same processing methods as outlined by the pilot run.
The test work concluded that the RHA ore sample, containing about 3.6% WO3, is amenable to
treatment via crushing and jigging to produce a coarse concentrate assaying about 62.7% WO3 and
a fines concentrate from grinding, spiral concentration and tabling upon the jig tails assaying 65.7%
WO3.The combined recovery achieved was 82.8% but it is stated that in practice could be about
85%.
The test work further concluded that the ore is also amenable to pre-concentration via jigging at -
25mm, to a product assaying about 28% WO3 at a 20% mass pull for 80% recovery .The rougher
concentrate would then proceed to downstream processing via the above indicated process. This
route may offer the means to deal with a larger volume, lower grade ore, or alternatively, increase
the plant capacity at a reduced recovery.
Tailings Management
This design report has been compiled to meet the disposal needs of the Project for a minimum of 8
months at the given production rate of 8,000 tonnes per month, 64,000 tonnes in total. The capacity
can be increased to 150,000 tonnes by extending the penstock. This is a temporary storage facility
that will cover an old and stable, existing deposition containment last used in 1978. As the
beneficiation plant does not use any chemicals, and the basin is virtually impervious, the facility base
will not require lining, and therefore this existing facility can be extended for this short term.
A permanent facility will be designed and constructed once the mine is in operation and when the
mine is financially in a position to fund it. The mine has available 11 hectares of land earmarked for
this permanent disposal of tailings.
The study concludes that this site is a good competent site with sufficient area to deposit tailings for
at least 8 months with potential to increase the capacity for a further 14 months. Impact on the
environment, water ways and population is minimal. The method of construction is based on a
proven and successful design and is cost efficient.

The RHA Project is located in an area of historic production, approximately 270km northwest of Bulawayo. Premier has advanced the RHA project from an exploration project through to a producing tungsten mining operation.

The project comprises 50 Mineral Claim Blocks, covering 1,800 hectares, consisting of 10 owned by Premier and 40 which are under option. Small-scale surface and underground mining was conducted at the site between 1931 and 1979. Total production from the RHA mine was 1,247.65 tonnes of wolframite concentrate, containing 65% WO3.

The deposit is approximately 800m in strike length and 300m wide. Premier African recently announced a resource of 22.14 million tonnes at 2.45kg per tonne in both the underground and open pit operations. (Please see resource table below)

To date, Premier African Minerals has invested around US$18million in the acquisition and development of the mine as well as the plant and necessary infrastructure.

The processing plant is a conventional gravity processing plant with a capacity of 40,000 tonnes per month. The plant is equipped with an XRT sorter to upgrade the feed to the plant and hence reduce the overall operating costs.

The plant produces a commercial tungsten concentrate (in excess of 60% W03) and the Company currently has an offtake agreement with Noble Resources.

https://www.premierafricanminerals.com/investors/gallery/2017

Initially there was a few shipments made from RHA, to answer your question shiny I don't think we shipped anything in Nov or Dec and my reasoning for this is it would have made it complicated for us to be running and producing to then claim we can't function and then request 90%
From the photos seen at RHA on the website there was piles and piles of ore stockpiled.
However I would have thought if we are paying wages at RHA they must be doing some thing, I can't imagine they are turning up and drinking tea all day.
My expectation is that as well as stockpiling they are still running plant and calculating the correct mix for optimization and return.
From GR mouth he has said that the current ATP makes it possible to start production back up at RHA, this would indicate that everything is good to go if not going in the back ground.
From the interview I get the impression that its complicated to go back into production and be bringing in a income why trying to negotiate a holdings increase and would be less messy to hold off, hence my view we are producing but stock piling the product why we await sign off.
Not trying to speculate or ramp but this is what I am expecting, might get let down but I hope I am correct.

Why PIs are selling at these levels Election over and looks positive for prem 90% ownership sign off Production start up Zulu update News very close with in amateur of weeks going to look back and wish we had all topped up at these crazy cheap prices GLA

Sells still getting hovered up lets keep this pressure on GLA

Couple of nice looking buys coming through what ever is getting sold is also getting hovered up speaks volumes for this support level, excellent entry price and will seem like a steel on arrival of positive news, primed and ready to move GLA

You not get feed up replying to your other aliases. Something you would expect from a psychotic patient, it's like you get injoyment talking to yourself. (No one else gets any enjoyment from it) I guess if all these aliases are turning back up LSE are doing nothing again and suggests my post of their MM being behind a lot of what goes on here - utter shambles !

Where have you been ........................................

Nothing changed?

New government elected that wants foreign investment
With the new government increase in RHA holding to 90% currently awaiting sign off
ATP price rising and scheduled to continue back to the heights of 455 per MTU and possibly higher as demand increases
Zulu weeks away
Circum still there but PREM has now increased its holding (worth more than current MC)
20m plus owed back from set up costs at RHA
Plant paid for
Underground works and de-watering completed
Possibility with rising ATP price for production to start back up at RHA anytime

So no false risers here my friend its called a re rate, how many other companies so close to production on a Tungsten Mine do you know that have a MC of 10m GBP ?

How many also own a Lithium asset with the potential to product 140MT and have secured cash funds up to DFS?

Circum as mentioned worth more than our current MC even if sold tomorrow?

We also have other assets but I don't need to mention them as the three above are solid enough.

AIM works on sentiment and that is what has been missing for some time at PREM, a crash in the ATP price, dilution to purchase more circum and a few bad decisions but this is life and also mining.

SO Zulu funded to DFS
ATP price on the rise
Sentiment returning
New government in Zimbabwe
RHA close to 90% ownership
ATP price means production could start any time at RHA

But nothing has changed here has it .......................... get a grip your talking out your arse, as for a Muslim earning 200k and not drinking WGAF . Wouldn't get out of bed for it and love a drink but don't need to broadcast it, never mind just remember when you wake up that the best you feel all day when the rest of us drinkers wake up our day only gets better .............................................................. GLA

Well Ledsparky it does make you wonder how deep it goes. LSE have clearly allowed one person to use numerous aliases and ramp and deramp this share for a long time.

Surely their software can detect this, this being the case it would lead us to believe that this goes deeper than the PI involved. Is this how LSE and their MM make their money?

The posts have been removed but not after being reported as the users IDs being the same, we will see what LSEs involvement is as if they are trying to hide anything untoward as I would suspect this post may well disappear too.

The conclusion that now the trader who has ramped and de-ramped for so long making a fortune as he put it should have their details passed to the FSA lets see what LSE do about it.

What will be nice is not having to listen to the same person talk back and forth to their selves daily, as mentioned another blue day, every blue day is a good day no matter how big or small, news on the horizon and hopefully with its arrival the return of sentiment and PI money and confidence that we can and will deliver GLA

Well 2016 where the last published accounts how can they operate with out submitting accounts?

My initial thoughts would be they would use the full 18 months (not normal 12) as CGH is a new company. On this basis they should be close.

I have also emailed the company through the website asking if they can provide and details of this takeover or us being relisted with details of how they intend to restore shareholder value.

I know its a long shot but the squeaky wheel gets the oil ....................

Waiting for my chopper so going to miss the start of the rerate GLA