Proposed Directors of Tirupati Graphite explain why they have requisitioned an GM. Watch the video here.
o utilising a conventional circuit to maximise spodumene recovery of over 130,000 tonnes per annum of spodumene concentrate
Playing with some numbers:
150,000 tonnes per annum x $4000 per tonne (current contract price is $5,500 per tonne and auction around $8,500 per tonne) = $600,000,000mil revenue per annum.
Say half is profit = $300,000,000.
Add a conservative PE raio of 5 and you get a $1.5bil market capitalisation.
From the current $50mil market capitalisation this is a 30x rise.
Lithium stocks on the ASX see these rises transitioning from explorer > developer > producer.
GLA.
...and imagine if it's Ganfeng, Piedmont, CATL or Rio Tinto...
It's been over 2 months since Bernie mentioned the discussions for financing a mine. Final deal must be extremely close now.
If other lithium companies are anything to go by then there'll be multiple large entities looking to get this going.
James Goozee has been loading up in the upper 0.4ps. Something big coming around the corner?
Resource upgrade / buyout offer?
"In April the board issued an RNs saying they had received offers for the companymaybe part of the reason they won't accept them is it will show how appallingly low they sold the first 50% for."
A real shame.
Company has received over 50million in Chinese backing who have taken a 13% stake, will be producing lithium and selling it to the biggest EV battery producer in the world CATL soon in a few months. Up 115% on the year and looks set for a bigger breakout and re-rate anytime now.
PREM will 2-3 bag between now and end of Spring from 0.4p many think.
Good luck all. x
Very achieveable. Lithium risen to a new all time high today. Hot sector. CTL's assets are highly sought after and can see this being bought out soon. Looking forward to further resource growth.
If any?
Looks amazing. ALL, PREM, CTL will multi-bag soon and be bought out by the majors. They're already investing heavily.
*ALL | £215mil | PFS | 30.1mt | Production 2024-2025
* PREM | £75mil | DFS to be complete in Q3 this year | Current 20.1mt resource from 2,500metres drilling, resource upgrade soon from 20,000metres drilling that's been hit | Production target Q1 2023.
Morning all, I did give you all a heads up yesterday!
https://www.**********.co.uk/rns/announcement/1d0953b1-ec3f-4894-9782-b99f79fd16c8/
Highlights
· Target annual production from pilot plant of 50,000-ton SC6
· Take-off for target production committed to Suzhou TA&A
· Pre-purchase of production pays complete US$35 million construction cost
· Minimum price undertaking for first 50,000-ton production underwrites repayment capability
ALL and PREM my picks!
ALL | £215mil | PFS | 30.1mt | Production 2024-2025
PREM | £75mil | DFS to be complete in Q3 this year | Current 20.1mt from 2,500metres drilling, resource upgrade soon from 20,000metres drilling that's been hit | Production target Q1 2023.
"Based on this plan, it is possible that such a plant could be in production in Q1 2023, funded under an interest free prepurchase payment for spodumene concentrate to be supplied."
https://www.londonstockexchange.com/news-article/PREM/interim-update-zulu-lithium-project/15491193
KOD, BHL, FRG all worth a look in too.
Load up on both everyone $$$ to be made. As always DYOR and good luck.
@jonny fair enough and appreciate the reply. I wish you good luck in making a good return out of your investment. I'm confident you will here.
I have no interest in trading my shareholding and selling in the .3s, .4s, .5s or even .6s for that matter. At around 1p 25% of my holding and will hold the remaining 75% for the long run. The skies the limit once in production and churning out revenues.
I 'm not selling despite being in profit because the company has never been in a better position on many levels and never been closer to production. I'm interested in seeing what all the drilling will bring out of Zulu too in terms of both DFS and resourse upgrade and will patiently wait for the value those will bring too. When combining all these developments, PREM is an easy hold for me.
In the final 15 minutes of trading I wasn't able to get a buy quote. I also did a dummy sell and mms were happy to take a large chunk, so considering they're short on shares and happy to take a lot, it bodes well for tomorrow / this week based on the movement this afternoon. These things can quickly change on an hourly / daily basis we know.
The tweets about drilling the pits and building the roads are enough to know we are very close to getting the financing over the line.
A real gift under 0.4p that I didn't expect.
I am buying more today if traders sell this below 0.4p. This is huge news and financing is a formality and probably very close.
Why mention ordering long lead equipment for the mine back in early March if they haven't started on the design. Ridiculous Daz. In fact plant design has been looked at since the scoping study in 2017 and refined since.
Cool, so even if we sell for a conservative $3000-4000 a tonne, still absolutely fantastic for PREM and completely viable for Zulu considering the project work continued at a price of $800 per tonne.
No one said it's full production, but a large pilot with modular growth at a rate of at least 5 tonne of spodumene per hour, on a continous basis as stated is a crap ton of money for PREM, which is transformational - from no revenue to millions per month.
Both Suzhou and the Chief Operating Officer that was hired in Jan will have improved both competency and urgency here.
Prospect Resources - AKA Arcadia Project in Zimbabwe
Pilot Mine announced/commenced - 11th Nov 2020: https://www.prospectresources.com.au/sites/default/files/asx-announcements/61006612.pdf
Pilot Mine near completion - 7th June 2021: https://www.prospectresources.com.au/sites/default/files/asx-announcements/61035856.pdf
Pilot Mine in production - 25th June 2021: https://www.prospectresources.com.au/sites/default/files/asx-announcements/61038157.pdf
Turn arround approx 7 months from announcement to production.
Arcadia Sold for in Nov 2021 for $422million when the lithium price was around half of the current price and has since seen an additional $300million in investment, total $722million. Around 7 times PREM's current market valuation.
-If PREM announces a Pilot mine in June 2022, then on a similar timescale it could get into production January 2023.
-Earlier in the year we know the rigs increased to 6 and were centralised to the area where a prospective mine would be and from at least April drilling has been 24/7, probably earlier than this.
-Around March, George mentioned using part of the £12mil funds to order in advance long lead items for a potential mine
-In the April Stockbox chat, it was quite appararent that the focus was now developing a "large scale pilot plant" which would get Zulu into production "as quickly as is possible", producing at least '5 tonnes of spodumene and hour on a continious basis' It was also implied such a plant would be modular and be expanded
-Roads are being worked on from Friday's Tweet to move Zulu to the "next phase"
https://twitter.com/Premafrimin/status/1535256230884790277
-Development of pits
https://twitter.com/Premafrimin/status/1534090055723143168
-Suzhou will likely fund, fastrack and use their expertise to get this up and running quicker thanthe average PI ever dreamed of
-Original Zulu scoping study was based on Spodumene at $800 a tonne, now up to $5000-6000 a tonne, this is why PREM is going down the route of a pilot plant, because it means hundreds of millions of dollars in revenue in 2023 alone. PREM could command a £500mil mcap in 2023 based on such numbers. SP over 2p on production or via buyout.
Strange time to mention upgrading the roads around Zulu, must be for a good reason. Hint Hint.
https://twitter.com/Premafrimin/status/1535256230884790277
Almost Roman, but we already have the established maiden resource which from a small amount of drilling revealed 20.1mt of estimated resource at good grades. Since then new zones and extensions were indentified at Zulu and have been drilled with promising signs, the EPO awarded, further results have been issued (but yes, much more shoulld be coming our way), a DFS programme which is now close to 20,000mt drilled is in the final stages, 13 parties have spoke to PREM to do a deal and one that did and invested a decent chunk of money at premium after several months of due dilligence. Then they have sent their man on sight and have seemingly offered more money to fund and help build a large pilot plant/mine as soon as possible.
Not quite buying a storage locker and not knowing what's inside.