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Theoretical revenues/price ratio gives a multiple of 1186 times.

This week Goldman Sachs have increased their forecast copper price for this year to US$10,500/t retaining their long-term view of US$15,000/t. Along with others, Trafigura have also upgraded their copper price for this year to US$12,000/t. The latter part of the week the focus turned to gold with Goldman forecast price for this year improving to US$2050/oz Au up from $1950 previously.
This is all looking good for Asiamet and in particular the Beutong project and it's JORC compliant resource. Using $12,000/t Cu from Trafigura, $2050/oz Au from Goldman and silver at $23.25/oz, the figures for CONTAINED metal at Beutong are;
2.43mt Cu @ $12,000/t = $29.16B
2.11moz Au @ $2050/oz = $4.33B
20.9moz Ag @ $23.25/oz = $0.486B
Total US$33.98B
Current Asiamet m/cap is US$28.64M
The market can be irrational at times!

Then there's that old adage,
The market can stay irrational for far longer than you can stay solvent.

Goldman Sachs said today, with supply constraints becoming more pronounced later this year, it hiked it's 12 month gold price from $1950 to $2050, joining others such as Citi, ANZ and Commerzbank in raising forecasts.
Highest price ever was US$2074.60 on the 8th March 2022.

Time is of the essence and the right time is now.

Goldman Sachs have said today, on copper, the forward outlook is extraordinarily positive. We'll soon be at the lowest observable inventories that have ever been recorded at 125,000 tonnes.
Near term they put the copper price at US$10500/t and longer term $15,000/t.
Bodes well for both KSK and Beutong projects at Asiamet.

Trafigura the commodities trading house and the world's largest copper trader said on Monday, the copper price could hit a new high within the next twelve months owing to very tight stocks, even as high as US$12,000/t and more. There was only 3.5 days of copper stock equivalent at the end of last year their co-head of metals said.
The copper space is getting too hot for Beutong to remain in the box for much longer imo.

One licence at a time!

Drill the BILLION DOLLAR hole first then sell them!

To borrow a phrase from elsewhere,
'Stale bulls out, fresh bulls in.'

Highly favourable to MTL.
Gold at US$1988 gives an additional $250 per ounce sold which is around a 50% increase in margin. With record revenues last quarter of $41.1m throwing-off $18m in FCF, their outstanding debt looks well in hand.
With LOM at Runruno scheduled to end in 2026/27 (excluding further exploration), MTL will be looking to investigate other mining opportunities and/or M&A activities (see year end results).
Could MTL be interested in Cameroon?
Maybe a JV at Bibemi or perhaps a more speculative approach to begin with and sponsor a drilling programme at the CLP and see what comes up.

All spec. Dyor.

Cobre interim's (6 months) now out.

PREM's m/cap today is £146m.
2 years ago it's m/cap was similar to Galileo's m/cap today.

ZCCM the Government's mining investment vehicle has received an offer of US$2.8B in cash for the outright purchase and ownership of Mopani Copper Mines in Kitwe and Mufulira by S.African company MKP.
However, the offer has been rejected by Mufulira Kankoyo's Member Of Parliament giving reasons of unsuitability and inexperience.
He said, the New Dawn Government is working on something that will not only benefit the people of Mufulira and Kitwe for the next 40 years to come, but a base on which other mining companies will strive to achieve.
Zambia's Minister for Mines reckons a deal will be concluded by the end of March.
My prediction - Sibanye Stillwater will take it.
A massive plus for the region imo.

If Premier African Minerals can develop the Zulu Lithium Project, bring in an Investor and 13 bag in the space of 2 years, what can a cashed-up Galileo do with 6 such projects.
1/ Luansobe - Copper
2/ Shinganda - Coper/Gold or Gold/ Copper
3/ Kalahari - Copper/Silver
4/ Bulawayo - Gold/Nickel?
5/ Kamativi - Lithium? Tin? Tantalum? Copper?
6/ Kash itu - Zinc

The Chinese in the last eighteen months have invested or pledged more than US$4B in the Lithium space in Zimbabwe. They have bought the three existing Lithium mines expanded each with further investment and have pledged US$2.8B for a battery metals processing industrial park in country.
In the last two years Premier African Minerals share price has risen thirteen fold.

Commodities trader Trafigura estimates Africa's lithium production is set to rapidly increase this decade from 40kt this year to the continent producing around 497kt in 2030, the bulk of which will come from Zimbabwe.
A Mr Pei, chairman of Suzhou TA&A Ultra Clean Technology who invested US$35m in Premier African Minerals' Zulu Lithium Project for the construction of a large-scale pilot plant at the site, is considering expanding his investments in country by exploring other opportunities for Lithium. Ranked as one of China's richest people, he considers Zimbabwe a safe destination, an environment conducive to both local and foreign investment he said.
Galileo has results pending for 1661 rock chip, stream sediment and soil samples over four target zones at Kamativi testing for pegmatite-hosted Lithium, Tin and Tantalum. Positive results will lead to geophysics and maybe some drilling.

Or worth it's weight in Copper. LOL.

Concentrator or no Concentrator let's hope the ore only has to travel to Mufulira, off-road in large mine dump trucks. Any alternative with the quantities involved here, with smaller vehicles restricted to public highway regulation would be the more expensive option.

Thank you - Datacheck.
I did look through JLP rns' and website.
Could prove this to be the case for what's now known as the Northern Refinery at Kitwe but not for Mufulira. Places the Mufulira Plant in prime spot for processing whether it's arranged with Mopani or with JLP.
A massive saving therefore in Opex/Capex and timescale.