Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
*PREM debt free
*Exclusive Prospective Order granted
*Zulu DFS programme commenced
*Zulu 100% retained
*Zulu 50% offtake through Chinese major worth over £500,000,000 and growing
*£12million funding secured for Zulu DFS and PREM
*Chinese major on board
*Zulu drilling increased, 6,000m Feb 2022 > 18,000m June 2022
*Zulu mine build likely on interest free finance
*Zulu roads being built
*Zulu looking to enter production in just over 6 months
Keep squabbling over assays (which are coming in bulk and very soon) or about this and that. This is a remakrable turnaround story and now heading in one direction.
Over the coming weeks and months, us shareholders can look forward to:
*Financing for mine build
*Commencement of mine build
*Progress on mine build
*Assays
*Tthe first major resource upgrade since the maiden resource of 20.1mt
*Completion of the DFS programme
*Further drilling and results for the EPO zone
*Sale of circum mineral shares, $6mil+
*Potential for buyout offers and further investments from institutions
Daz and the like, you aren't fooling anybody, George isn't perfect, but he is far from a conman and is turning this company around in spectacular fashion under immense pressure.
ACKER, I'd wager with discussions going back to at least March/April and recent road works that's it's more likely advanced.
21 Feb 2022 - Zulu Update
https://www.lse.co.uk/rns/PREM/zulu-update-jnfya5qg72n3bz1.html
"Our current objective is to secure direct trade investment into Zulu from a potential leading industry partner and while there is no certainty that a final investment agreement will be concluded, negotiations, together with legal, corporate, and technical due diligence, continue."
8 March 2022 - Zulu Lithium DFS Funding
https://www.lse.co.uk/rns/PREM/zulu-lithium-dfs-funding-lpqzhnf2zu7r2jd.html
ACKER, was important to get all our predictions in an RNS.
-Production Q1 2023
-Funded via spodumene sales
-18,000m drilled, weeks away from 20,00m if not there already
-Finance due
-Assays due
-Then commence of plant production
We have confirmation, now this month we should see financing and assays imo.
Buying more today. What a huge milestone for the company.
Financing RNS will be a formality at this point and could see it landing by the end of this week honestly.
Great bit of digging Ilovelith:
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.
Exciting weeks and months ahead.
Peer valuations in this space. There are companies valued at a current SP equivalent of around 1.2-1.5p which have no production and won't be producing until at least 2024. Atlantic Lithium is one of these companies.
So if PREM announces a pilot plant that can enter production as early as Q1 2023, then it's far from a stretch to say the SP could settle around 1p with the other news that's due too and then climb above 1p as productions nears. Going to 2p and over once revenues start coming, production increases, as a the pilot plant would be modular and the resource expands further through more drilling in Zulu and EPO.
-Funding for pilot plant
-Development of pilot plant
-RUS
-Results for EPO
-Completion of DFS
-Sale of Circum shares
Price target, as this goes into Q3 beginning July is 1p and uplift to higher than this if production comes as quickly as Q1 2023, as seems very likely now.
More likely institutional buying - who may know more than we do. Everyone and there mother is looking at lithium, so it would make sense bigger money would eventually come our way with a Chinese major deciding to fund and bac us after DD.
1p very possible on fastracked and funded pilot plant RNS that is expected. As well as other news.
If it lands after today intra-day or after hours, then the long awaited 1p will come quickly.
Like the DFS funding anticipation, too much going on both at a company level and in the market for this to be a P&D. A funded plant that's fastracked and gets Zulu into production sooner than many expect is the goal here and explains the 24/7 drilling and explains the 6 rigs. It's on the record in the last interview.
All the heads, including Suzhou were on site April/May and we can see in May they've been quickly prepping Zulu for production. https://twitter.com/Premafrimin/status/1534090055723143168
Then there's also the RUS, DFS and EPO for big news soon (Circum too), so those that sell now will likely be caught out imo by one good RNS that see's this hit a new 5 year SP high, which is over 0.75p.
Morning all. Plenty more than pilot mine news due as we all know. Combination of it will see this over 1p quite quickly and sooner than many may expect.
Just like yesterday, any dip will be eaten up in anticipation this week. So a good strategy is to buy and hold long, whilst down here.
0.4p Suzhou's investment.
0.54p year share price high on DFS funding.
Can see it rising 100-200% from 0.5p to 1p+ on pilot plant, RUS, EPO results and DFS news. If it comes close together then it will be a sudden rise, otherwise gradual re-rate.
Not long to go now.
I see thanks, am trying to gauge value here vs PREM, which has a total valuation of $90mil, vs about $350mil here, as well as a DFS close to completion at Zulu Lithium and resource upgrades due. Seems like it may be entering initial production in H1 2023 and awaiting confirmation in the next few RNS's. Should fetch a valuation around ALL level and higher if that's the case.