Sounds promising Snowking.
Lots of big positions built this afternoon in a hurry. Something brewing and not total guesswork either.
George himself said due dilligence was underway from both sides over a month ago. So surely along with the assay results a sizeable update is upcoming about a partner and ultimately funding from them too.
Hold on to your hats folks. Maybe for 2 days, 2 weeks or 2 months. We will get there soon.
What's in the ground will decide the value here, along with the demand and price of lithium.
We know the maiden resource estimate was 20.1mt based upon a small amount of exploration and the initial target is 60-80mt, for just Zulu and not the EPO area. The assays for the DFS likely landing this month are shaping up to be a significant point that will help get us to 60-80mt. That again is just the beginning for Zulu:
https://www.premierafricanminerals.com/zimbabwe/zulu-project
"Premier believes that the potential exploration target for Zulu is around the 120-160 million tonnes."
Very soon, we should be in a position to signal to the market that such a figure achievable and then the path to 1p and more does open. How long it takes to get their will depend on the nature of the deal, getting the DFS completed and more aggressive exploration of the EPO area. Not a guarantee of course, but all possible.
Seller looks cleared and so should see up back to 10p and with a project update or two this month, hopefully back well over 10p soon as well.
Surely a placing is coming, considering they only listed with 2mil?
PREM is absent from many of these 'top 20 stocks to buy in 2022' lists, just like it was in 2021, despite being the biggest riser out of all metals and mining with 265%. Many slept on it and then got salty when they missed that incredible 600% rise to 0.5p and were too lazy to look into the fundamentals. This has the highest uplift potential given the fundamentals of Zulu and the EPO, given the DFS is near completion and that we're at the stage of completing due diligence with several prospective partners. Possibly now post dd.
George was stubborn to not except early funding, but ultimately its because he knows the strength of the asset is huge and not worth handing over on the cheap. His recent interviews and that message in the tweet shows he is both confident and excited for what's to come this year.
Thanks for the comparison Snowking and the Arcadia mine sale in Zimbabwe is what should bring great confidence we will see a re-rate as this year progresses to bring us to that $400mil+ mcap initially and then exceed that, as the EPO exploration progresses. We know this has now commenced as of December.
Retail and hospitality stocks will remain on life support, COVID stocks will start to fizzle out as it becomes clear we have passed the peak. Other stocks will struggle with certain economic conditions. However lithium with its rising price, demand and M&A activity will continue to deliver for years ahead. To me it's clear that this is the right place to be.
ZNWD and PREM are my main lithium holdings and I am feeling very confident about them. ZNWD is much further down the road than most and PREM is sitting on an enormous resource. Good times ahead.
For those that missed George's final interview of 2021.
https://youtu.be/crgqlOHXfTQ
A 265% rise and our mcap still only in the 30mil bracket.
With Zulu assays due this month, JV on the cards within the next 1-2 months and wider EPO area beginning to be explored, we are still massively undervalued here.
Add another 500% to the SP and we will talk.
Happy New Year all!
Check this out:
https://twitter.com/MetalsMiningT/status/1477227588221292545?t=cl1qhVot_ELJExU52AZhaQ&s=09
If only the marked had clued on that we are only getting started.