Member Info for Chuggley

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

Blimey daz does post here. Thought he only posted on prem day in day out every hour

Not sure why he's obsessed personally I see both shares have potential

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. Show me where I've talked of regular top ups?
I've got what I can afford and hold

Daz you make less sense daily

No matter what's posted you'll try and twist it negative

You sound desperate

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

At a 10% discount and 50 mt per year. Which is target. That's $225m. And that's excluding what's looking like world class tantalum and rubidium

Daz. Demonstrates you haven't really understood it and you're blinded by dislike of George. Still strange for someone not invested who has no intention of investing. Maybe you should spend a bit of your time and effort on kodal
Still hanging round the school gates lol

I don't deliver mining project. But I'm a senior project manager delivering multi million pound business change and IT projects

The plan and deliverables sound realistic especially given the work already done or being done.

Liked the original quoted 50mt was Conservative and could be nearer 60mt
And 100 staff onsite.

Be nice to see monthly update rns (to be honest expexted)

OK so if we have no revenue the loan still gets paid from cash? Where does cash come from?

Hey maybe it's just a technical and certainly don't intend to get into debate .... despite sarcasm

If I'm understanding..... its academic. With the revenue discussed prem and investors are in an extremely positive position however you cut it

Even better if loan repayments don't require revenue ?

Repayment of loan. Would impact profit as repayment of physical loan has to be within 12 months and is deducted from revenue.

Could debate gross and net and how its amortised and how assets are deprecated

Most of this would just confuse most investors due to complexity

Fundamentally though the figures discussed by SK work and work well for prem and shareholders

Again however you cut it. Loan gets paid easily and prem makes profit. Which is can reinvest to increase revenues further

Three by-product streams will be stock-piled and will go to inventory, pending completion of additional test-work and additional plant. These products are a tantalum concentrate in a magnetic fraction, a petalite rich mixed ore and a mica/lepidolite concentrate that is likely to contain Caesium and Rubidium. That this may be immediately saleable remains a possibility.

Not sure if they do or not. But I'd guess a seperate offtake agreement and perhaps seperate customers
As to when. Guess it's reliant on the assays. Last 3 showed exceptional grades

Think the rns suggested it could happen quickly. Ie little or no stockpiling