Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
Prem can mine whole zulu
Zulu is 300 hectares
Pilot is about 2. Pilot mine is capable of 70k tons pa
Initially it will be 50k pa. But modular and easily scalable
EPO is 20,000 hectares... Zimbabwe minister of mines has said epo licence will be upgraded to full mining licence on opening of Pilot (February/march) completion of this is on target plant will start arriving towards end of month
Fully funded
100% prem
Red . Feel for you. I'm sure things will change for you. Things are always darker before the dawn
I'll do as you ask until I invest in kodal. Which is possible
Perhaps daz will do us on prem the same courtesy. Although I doubt it
60mt is target and pilot is being constructed and WILL be first producing lithium commercially on aim
Contract rate is currently $5000
Discount range of course I don't know. But I cam make assumptions 10-20% $4000-$4500
Revenue $240m - $270m per annum
Costs 48m - £72m. @ £800-1200 per ton
Less $35m loan
Using highest cost $ 135m - $165m after loan and cost
Before royalty
Even if you're extremely negative you can't imagine prem making less than $1m a week and that's me being very Conservative. I imagine that figure will be closer $2m a week
And all that without any income from tantalum and rubidium which there will be
Plenty of cash to reinvest additional mimi mines , expansion or even a full mine in zulu
Facts with some reasonable assumptions
No ramping needed
Lol. No one cares what I have to say. Boohoo
Said by a person spending all day on prem. Who doesn't invest and is not wanted over there. Other than other derampers who blow smoke up each others a....
No I think I'll hang around. See how it's done properly
I may invite some friends although I'm sure none have your level of battery metal expertise. You hero
Daz. In your constant critism on the prem board you claimed the market isn't stupid
Prem currently down 1.7%
Kodal down 6.6%
Markets not stupid? Prem must be a better investment?
Actually I think the market is stupid and both prem and kodal have relitive benefits
Stalk you here daz. You've been stalking prem board for weeks posting daily hourly only negative posts
The markets are not being kind to prem or kodal
Maybe a few kodal investors need to ignore daz and dyor. No need to listen to ramp or deramp
What is wrong with twitter. I'm happy with my investment I'm letting people know. But doubt anyone will take my opinions or tweets as gospel. Unlike a battery metals god like you
Everyone dyor
You guys may say I ramp
OK. What am I ramping. What am I saying that's an untruth
60mt is target and pilot is being constructed and WILL be first producing lithium commercially on aim
Contract rate is currently $5000
Discount range of course I don't know. But I cam make assumptions 10-20% $4000-$4500
Revenue $240m - $270m per annum
Costs 48m - £72m. @ £800-1200 per ton
Less $35m loan
Using highest cost $ 135m - $165m after loan and cost
Before royalty
Even if you're extremely negative you can't imagine prem making less than $1m a week and that's me being very Conservative. I imagine that figure will be closer $2m a week
And all that without any income from tantalum and rubidium which there will be
Plenty of cash to reinvest additional mimi mines , expansion or even a full mine in zulu
Facts with some reasonable assumptions
No ramping needed
Daz you continue to make things up in an attempt to make yourself out to be clever. Who said or mentioned a t/o of 900m next week or any other time in the short term. Certainly not from the pilot
As and when zulu goes into full production yes of course but that's a while away yet
Johnny spot on.
I only post to try and balance out
Ramping worse than deramp.... think they're both pretty despicable.
You guys may say I ramp
OK. What am I ramping. What am I saying that's an untruth
60mt is target
Contract rate is currently $5000
Discount range of course I don't know. But I cam make assumptions 10-20% $4000-$4500
Revenue $240m - $270m per annum
Costs 48m - £72m. @ £800-1200 per ton
Less $35m loan
Using highest cost $ 135m - $165m after loan and cost
Before royalty
Even if you're extremely negative you can't imagine prem making less than $1m a week and that's me being very Conservative. I imagine that figure will be closer $2m a week
And all that without any income from tantalum and rubidium which there will be
Plenty of cash to reinvest additional mimi mines , expansion or even a full mine in zulu
Facts with some reasonable assumptions
No ramping needed
The fact you don't hold stock (which we all know anyway) doesn't prove you have no agenda
In fact it proves the contrary. Every day all day you post nothing but negatives
You even admitted the other day that you wouldn't invest no matter how profitable because of a dislike og George
No one sees you as fairy godmother. Saving everyone
Watcher not sure anyone has control over what the market does or how it reacts especially in the current environment
If you can't see the host of positives in prem now over a month or two ago it's simply you choose not to
Roman - guess thats where we get to through open conversation. Im happy to give ranges and attach reality - unfortunately twitter isnt a great media for this due to the text limit.
But glad we are having constructive dialogue
I think we all agree Prem will generate a very good profit - i guess the unkown is how much. But exciting to see the first AIM listed minor to do so - sure there will be other following
Roman so even if discount is 20% Prem producing 60, at a contrasct value of $5000 less 20% ($4000) is still revenue of $240m
And again that is before we add any sales of tantalum and rubidium
So no matter what way you choose to attempt to erode potential - its bloody massive. Go on knock off yet another 20% as a contingency . Increase the cost to mine from $800 to $1200 (again alll figures for ilustration as none of us know the detail) thats cost of $72m ad the $35 M loan - Prem is still delivering a very good return
Maybe it will be more complex - maybe not - but again however its cut its going to be profitable for Prem and SuZou will have the supply they need.
As to a buyout of zulu or prem guess its al in the price - yes it derisks any investment as you get paid now not later
Risk in any investment exists - risk in prem is substantially lower than it was and Prem currently looks like it will be the first AIM lithium miner to produce commercially and generate cash
And however you look at discounts costs margins and contract rates - revenue should be at the low end $200m a year and highest - well - crystal ball is needed but maybe $300m and again that doesnt include tantalum which imo will be next to have an offtake - then later rubidium
Roman of course its a guess. Dont see it being much more - but even if it were 20% this would stil be profitable - especially increasing to 60mt (Sorry SK it was early) But that should cover any risjk of a higher discount -
Of couirse if you have ny reason to think the discount would be higher - share away your assumptions
But i guess whichever way you cut this and these are mostly facts with an element of assumptions - not ramps - thiss is looking extremely cash generative and potentially high margin. Allowing the loan from Suzhou to easily be paid off well within the time limit and easily leave plenty of cash to re-invest - be it further mini mines, expansions or indeed a main mine