Member Info for M_Night

Here's to next week, when PREM can finally begin realising true value for it's upcoming monster lithium deposit.

True value of such assets:

https://www.mining.com/web/sigma-lithium-says-brazil-project-is-worth-5-1-billion/

"Canadian minerals explorer Sigma Lithium Corp. has valued its undeveloped project in Brazil at $5.1 billion, with the mining operations having the potential to deliver battery-grade lithium for 13 years once it’s built."

Given what's taking place, PREM seemingly being funded and fastracked into production, Zulu's resource about to be grown considerably with 20,000m of extra drilling that is now close to being completed with the extra rigs and 24/7 operation, along with DFS.... an mcap of £200-300mil is where this should be heading over the next few weeks and into summer.

Add on top of that the EPO and I can now see this going towards £300-400mil mcap towards the end of the year once the plant is about completed.

£500mil+ once production commences.

Buying more today.

SP sub 0.4p and sub 0.35p, so would be rude not to take more before PREM enters production.

Meanwhile brainspark, there are juniors that produce $0 in revenues in a full year with no hope of ever getting the funds to build the full mining infastructure. Relying on raises to pay just for drilling. In fact that's most of the junior sector.

Renvenues at 2000oz will be $3.7mil per month assuming a gold sale price of $1850. Caracal will hold a valuation multiples of todays price post phase 3 this year.

What other Junior Miner can offer a full gold mining operation, complete with it's own staff, drill rigs, mine that's rapidly expanding for £12mil? None as far as I can see.

Soon:
2000oz gold produciton per month
2miloz gold resource in the ground
3miloz+ gold resource across the portfolio

Once the seller has finally cleared off, there's little chance all this is s valued for as little as this, it'll be multiples. The revenues will be in the tens of millions and the in ground value in the hundreds of millions.

I recall you were saying similar things at 0.18p, from which we then went to rise 200% from and hit 0.54p, as significant news did land.

I can envision much more than a 200% rise from 0.28p if a funded pilot plant, fastrack to production, RUS, EPO results and significant DFS progress is demonstrated in the next couple of RNS's. So somewhere over 0.84p and and an mcap over £200mil.

Additional MM added is the biggest sign news must be very close.

ALL - patience is going to pay off here big time. Think 100p by the end of the year is on the cards. 100% upside and 500mil+ mcap.

PREM - Something big is brewing and seems like a pilot plant is going to fully funded for early production by the new offtaker and announced soon, along with substantial resource upgrades, completion of the DFS and more, such as a buyout offer. Very good time to load up under 0.30p with the offtaker subscribed at 0.40p. Up to 1.50p by the end of the year looks on. Approx 400% upside and market valuation of 325mil.

BHL and KOD going to take a while longer and progress is slow, buy by the end of next year will deliver value too.

Topped up today. Not sure which SP rerating bit of news drops first, RUS, EPO finds, Mine build, solid DFS progress, Assays, further offtakes etc, but have a inclination that the next RNS will deliver on a few of these fronts.

Don't want to be paying in the mid-high 0.30s and 0.40s this month and took advantage of the offering in the .20s. GLA.

Past 12-14 months of performance.

-EPO secured, which was transformational for the share price.

-DFS commenced and close to completion. Behind the initial schedule but we've also contended with Delta, Omicron and the Ukraine war.

-Cooling off RHA and MNH and not committing anymore money until other parties step up to their commitments. Choosing to focus 100% on Zulu.

-Good progress on Circum with a chance of cashing in on the shares this year for a much higher value than first thought. I see figures of $6-12mil mentioned.

-Minimal dilution all things considered compared to a lot of other aim listed companies, in a very tough climate. Raised just enough to keep the company operating until we secured the full funding, which enabled full retention of Zulu.

-The big one, securing significant funding for Zulu, the DFS and PREM, whilst retaining 100% of Zulu. I recall many were eager for him to give up a slice of Zulu for a few mil. When his decision to retain the full asset and hold out for a better deal paid off.

-Backing from a major with links to Tesla that may now fully fund the mine

-A path to mine build this year and production next year

Not perfect from him, particularly assays, but we know the lab issues were tied to covid and we also know some big updates are coming which may rectify these complaints soon. But, all things considered, a lot better than other aim listed CEOs since early last year in my books. Some real stinkers out there.

Interesting. Implies the drilling for the main zone / open pit has been completed, with focus now on the extension zones and EPO. Ground work for a pilot plant may be further in than we all think. Just need the next RNS to confirm this now.

The weeks before the DFS funding before the share price went nuts and ran up to 0.54p, we broke above 0.2p a few times and then retraced to 0.18-0.19. Now just under 0.3p, this feels very similar. We've teased breaking above 0.3p a few times, retraced back to 0.28-0.29 and and on the right news (lets say pilot plant) should get a break out to a new recent share price high in the region of 0.6-0.8p. Then we should see 1p+ once the RUS hits, DFS is complete and a prospective pilot plant is fast tracked to production.

PREM is fully funded, Suzhou is pushing this along faster than ever and Zulu is clearly priority. A bit of patience and we'll get there soon enough.

George dropped the DFS funding deal with Suzhou without any market heads up. It dropped after hours when the SP was at 0.31.

I expect the same for the pilot plant funding and greenlight RNS.

Suzhou don't see a penny from their invest until either:

1. The share price is higher than 0.4p

2. Until the product we have comes out of the ground and is sold

With those things considered, they'll progress this at the fastest rate possible and finance a pilot plant if that's the quickest route for us to capitalise on what is shaping up to be one of the worlds leading resources of its kind.

I think the next report on Zulu is going to be a substantial one. It may land by the end of this week and if not then next week is a good shout.

https://channels.ft.com/en/ft-wealth/can-investors-profit-from-a-new-supercycle-in-metals-and-minerals/?utm_source=FB&utm_medium=personal_finance&utm_content=paid&fbclid=IwAR25rlxZ4eA496MnPd4pebd9R8Q9FAg0EaxVGsybUaMWiGvJBqnAAvdOlts

"Rio Tinto reckons lithium demand will grow by 25 to 35 per cent a year over the next decade with a significant supply-demand deficit expected to open up over the second half of this decade."

https://www.mining.com/web/good-times-are-ahead-for-lithium-miners-as-prices-continue-to-surge/

PREM backed by a major now which has links to Tesla. This should give us all confidence that we're on to a winner here.

We'll be taken to new heights soon enough.

"All of the above questions assume a sale of some kind, however GR was originally set out on mining not selling."

Not the case really. The latest interview he again went on the record and said he'd sell at the right price. He's also said many times before that any offer would have to be presented to the market. Let's say one of the many giants come next week and throw a lowball offer of like $300mil, he'd have to present this to the market, which would in turn cause the share price to quickly re-rate to around the 1p level.

If a pilot plant is going to be built as we all expect now, then there'll certainly be offers coming in. Having a pilot plant is a part of why Arcadia was sold in Zimbabwe for $422mil. Suzhou's investment was a game changer for PREM and a funded pilot plant that is being expedited so that we can sell spodumene at record high prices will be a bigger catalyst for a re-rate. Along with the RUS, DFS and EPO.

Very exciting few months ahead all.

DFS Q3, over 13,000m drilled, RUS for indicated resource hinted that it may arrive in as little as 2 weeks from now.

Will take a buyout at the right price (my guess is 2p, a bit over Arcadia value) and someone is seemingly offering money on favorable terms for a pilot plant build if its being talked about as a real possibility, as it is. The Chinese are pushing this along and making sure it's done properly and so I expect we're due for some considerable Zulu developments in May and June. As well as the first EPO mineral discoveries in the extensions in the near future.

Good times ahead loading up with as much as I can sub .3p as I honestly wouldn't be surprised if a buyout offer comes in at 1p. George would reject it, but the share price would then begin to re-rate more rapidly to faire market value, as he'd be obliged to RNS it.

Look at how many more deals landed after the Interim results were published last year.

Now with an AAA publisher on board and in-game advertising increasing so much, I'd expect significant new deals in from this point onwards. I think May will be a great month.

https://www.whathifi.com/news/some-ps5-games-could-soon-have-in-game-adverts

BIDS will no doubt be RNS'ing more AAA publishers this year, as well as other deals.

BIDS is in the right place, has the cash and growing revenues. 10p+ this year is doable.