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I think there is a very serious gold prospect just a few km, 4km actually from current Zulu DFS area.
The grades are very expected to be very good and artisanal mining has been going on there for years. Prem were going to do some initial assays but after the strong negative reaction from shareholders to the mention of gold in previous rns and prospect of diverting any resources away from Zulu lithium dfs. This has meant prem are waiting before they do this. These other minerals are a bonus when the time is right these opportunities will compliment Zulu lithium very nicely. At least some basic mapping work is being done on whole EPO
I’m convinced that Zulu can be the biggest hard rock lithium resource in the world. Whilst that would be a great line in an RNS we don’t need it right now.
I feel we will get to a resource of 80MT quite quickly.
The grades are very good and the width of some intersections as per yesterday’s RNS are very encouraging. 24M and still drilling. I chose to Ignore the trolls long ago to invest and wait. This will be worth billions of pounds. I bought more this week. GR isn’t selling any of his holding, I wonder why. Several approaches so far to jv hmmmm. For our rns to state that evidence must have been given to the nomad. Potential for 10 to 100 bagger here ! look at Pilbara. Our Current area is 1/57 th of EPO area. Because of the scale of EPO and multitude of resources we should get going with current scoping study area + step out zones. Jv or offtake finance to get into production will happen before dfs completion imho. Prem can then explore further options mine number 2 like Pilbara? Gold options ? With finances available! The EPO is enormous and needs to be dealt with in manageable chunks. I only post occasionally but as a major shareholder you get my honest view, one that doesn’t have a traders agenda blowing hot and cold. RHA and MNH are side shows. Big picture Zulu easy 10 bagger possible 100 bagger potential. GLA genuine holders
Steward I will certainly make my feelings known on MNH the next time I speak with GR.
I think we all know that prem should focus on Zulu.
Pilbara Minerals is a great example of how this could pay.
Cherry good luck with your investments on ASX
Thanks Bick.
And I’m answer to Stewart questions.
Q1. I have been accumulating shares as per my holdings Rns over a considerable period of time.
I’m not sure how many I’m meant to buy, I would like 10% but as the price has gone up it becomes more difficult to obtain a larger and larger % also there has been some dilution.
I took part in the last placing with ETX at 0.2 p.
Q2. Why should I try and use my holding to oust GR. I 100% believe prem needs additional skills on the board and I 100% believe this will happen and Gr will step back further eventually.
Q3. I’m not happy with the thought of buying more MNH unless there is revenue coming in to cover it. I want the focus to be 100% on Zulu with some additional preliminary exploration of EPO area with a view to JV’s.
I would have attended last night but I’m away at the moment.
Nice update from Bick though, thanks.
Cherry burn it’s true I can’t predict the future and I can’t be bothered to scroll back through my messages to see what I posted in dec 2019.
I can tell you my average is substantially lower than current market price and that I bought a boat load in the 0.03-0.04 p region when trolls were saying prem going bust , gr will sell to mates for a quid.
Let’s see who is right in the end.
I’ve posted my honest views and I stand by them.
Prem is in a much better place than it was, substantially less risk with a growing resource.
I only post very occasionally on here and can’t be bothered with tit for tat slanging matches but hope all genuine shareholders do well
Why I hold 1.2 billion shares.
I’m either a fool or I’m very comfortable with that size investment and the risk reward that I perceive exists being a prem shareholder.
I could not have asked for more recently
1. Lithium absolutely flying
2. Grade very good
3.resource about to get 300% upgrade
4.this is just a tiny part of EPO area more resources to follow
5.tantalum credits and rail logistics make Zulu lithium projects costs even more favourable
This is a work in progress that has been significantly derisked. There is still some risk but the risk reward from here is prob 50% downside v 10,000% upside 100 bagger.
The reason prem is so cheap is because of the perception that GR and prem will fail.
GR has a very big holding so he has plenty invested in prem.
yes we need more skills on board and this will happen.
Someone will buy Zulu lithium from prem in future for several pence per share.
Then there will still be moaning this is worth 20 p a share bloody GR has sold us out on the cheap!
The big picture is absolutely glorious but hurdles to get there.
Not so long ago we were talking about prem survival , it’s going bust , GR will be selling to mates for £1 coin.
Good luck all genuine holders
If we take the NPV of the current scoping study area and put in current market prices. Then consider that dfs will expand this resource within scoping study area possibly 3-4 x. Then consider that the length of strike / Mineralisation may continue along the whole EPO area. That is approx 50 x the size of original Zulu area. Then consider Gold and other minerals within EPO. This can be glorious. Many pence per share in my humble opinion.
I felt a lot better after reading that
https://www.powerof78.com/2021/04/11/ncyt-blackbird-investing/
I too have increased my position, the number just don't add up to current SP for me it should be many multiples of current.
I'm happy to average in and ride it out.
GLA
Finally the market is noticing this little aim listed company that will very likely have the largest hard rock lithium resource in the world. Lithium prices are climbing aggressively. Prem is drastically undervalued based on the current lithium resource. Then there is the EPO at 57 x the size plus other known history of resources like gold to consider within EPO. I can’t see how Zim Parliament would comment and document in minutes that EPOs have been signed off and will be gazetted today and then not deliver. The important part for me is it appears that the president has signed this off, now it’s an administrative process only. We should also remember there are a handful of other assets prem has that are on the cusp of generating revenue for us. Good luck all I think it happens today and if it doesn’t because of some administrative backlog I’ll be holding for the big picture many pennies per share based on Trillions of US Dollars in ground Lithium resources.
Very excited.
A long time coming but all the signals are looking positive for EPO.
The value of the huge EPO Area will be enormous. Zulu Lithium is fantastic but only part of the story with significant and numerous High grade Gold deposits suspected within the greenstone belt. A long list of minerals will be within Prem grasp coupled with MNH manganese, RHA back in production, Katete REE and Circum value to consider. Circum compared to existing smaller Danakali gives me great confidence on value of our shares being worth approx $20 mil (£16mil). With Mr Herbert onboard as chairman who has an impeccable CV and billionaire friends like Mr Dattels this could provide prem with the high level contacts for all sorts of finance deals and JV partners. Very undervalued imho could be the next 40 Bagger like EUA (0.5 to 22p). Could Russia be interested in some of what Prem / Zim have to offer?
I really think it’s very important to wait for all the details before deciding if this is good or bad.
Looking at to component parts this has huge potential. Still have a very large holding and will buy more if able to and SP not in sync with value I see. Long term target 1 p a share.
Not all dilution is bad dilution if assets purchased add values greater than cost.
Epo
Circum will come all imho.
DYOR
Good luck.
I saw that part at the bottom of an otherwise very well written RNS.
Oh btw there’s potentially another few billion tests that can be done with our kit.
I’ve not been in from the start but very happy to be in with a very good average.
I thought it was over done at £5 recently but now think we could definitely see £10 in the short term. Market cap £300 mil now so why can’t it do 5 to 10 x
I’ve bought about 14,000 shares over the last few sessions.
I wasn’t follow the ‘Lord’ but I’m pleased he is with us on this investment.
Cash position and continued directors buying can’t be ignored in my humble opinion
And strong cash position