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Just topped up. Sold some Kod which makes me feel sad, but hey ho. End of month first shipment on Prem. Had to be done.
Take my hat off to GR. >It is possible that other miners will follow his path now to production. A new landscape to production giving miners a better odds on.
I have been wondering however what Mr Pei needs his 1.8 b loan for, another project such as a battery. Production? That would save on shipment costs possibly. Bottle wine tonight.
Premier African Minerals Limited ("Premier" or the "Company"), is pleased to provide a further update on the first production at Zulu Lithium and Tantalum Project ("Zulu").
George Roach, CEO commented, "I am very pleased to confirm that the two pending matters for Zulu (as announced on the 3 April 2023) have now fully been resolved with the reagent at site and all formal approvals are now in place to begin commercial production.
With plant commissioning already complete, we are now going through the final stages of process control implementation with the plant designers with first concentrate expected shortly and first shipments now targeted for the end of the month."
The person who arranged the release of this announcement on behalf of the Company was George Roach.
Anyone who has sold today may next week regret it, as pictures of the plant up and producing and the word spreads. That Says Income will arrive in the near future. That in turn will attract II investors. Imv, the s.p will not only bounce back up but the spread and subsequent s.p may lock some out. As alluded to on this board earlier, this is a roller coaster on aim. The bold hold, then reap. The weak, freak And can only peak at the share price they could have had. their loss.
Alert. As the current price for lithium is around 5000, of the type at Zulu. If 6336 tons per month is produced. That equates to 31million 680,000, £ or whatever currency it is referring to, PER MONTH. Now that is a home win imv.
IF anyone reduces that figure I’m staying with my figure. If anyone comes up with an improved figure I’ll take theirs. Happy dreams to all.
If you put in fort Dixon in the browser there are pictures of previous surveys at F. R. I’m not sure but there are pictures similar to the layout of the lease GR has explored and is on the company website. P.s I am not an expert so please draw your own conclusion.
Just to say. The pilot plant looks really impressive now. This is my first Lithium stock but have had a few gold shares previously in which the processing plants looked less impressive. although not being on site I suppose photos could be misleading in terms of size. Nevertheless
Imv it will be interesting to see just how much it does produce in 22 days. GLA.
I really hope you are right Craignews or I will be hanging noodles on my ears next time you post. https://www.lbc.co.uk/news/russian-politician-noodles-ears-ukraine-war-putin/
I am not a pastafarion by the way.
Cyclones are dangerous. They generate the highest clouds known. Cumulonimbus. Those clouds can generate a heat engine.
As little as 3% of the heat energy may be converted into mechanical energy of the circulating winds. This relatively small amount of mechanical energy equates to a power supply of 1.5x1012 Watts - equivalent to about half the world-wide electrical generating capacity!
One of the most ever spectacular lightening known. Dangerous for the outdoor workers. Let’s hope the cyclone goes nowhere near Prem. However, if this is an event known in that area I would have thought the possibility would have been catered for , hopefully.
Slight disappointment today but imv not surprising considering the complexity of logistics, demographics, plus all the other things that may need a tweek.
Prem has done exceedingly well. In many cases it takes years to build a mine and progress from explorer to producer. So what is another month or two. That’s not too long to wait at all.