Member Info for M_Night

Stockbox interview specifically mentions coverage and q&a for the Zulu Lithium Project. If there is an RNS as expected next week, it'll be about long awaited developments at Zulu, such as RUS, DFS, mine plans, further deals etc.... Perhaps the EPO.

£12mil is enough to fund operations and DFS. From last week:

"CEO George Roach tells Mining Weekly that, owing to this subscription, the company is now fully funded and, at this time, sees no need to return to the capital market for any further funding."

A shame you sold your shares at a loss as you say. Fair play to you.

https://miningzimbabwe.com/huayou-officially-takes-over-arcadia-lithium-mine/
https://www.reuters.com/business/chinas-huayou-buys-lithium-mine-zimbabwe-422-mln-2021-12-22/

Would expect a host of majors are still looking to acquire PREM.

No more placings here just a funded company that will share mineral/lithium finds in the EPO, mine build plans, RUS up to 80mt, completed DFS and buyout offers to take the share price up to 1p and over this year.

All whilst the worlds richest man and owner of Tesla tells the markets to fund the lithium miners....

Would wager in recent years, let's say the last 3-4 years, those that have held through and sold in the past year would have seen a handsome return. Anywhere from 50-1000% return depending on where you held from and where you sold. I'm sure there are quite a few that expect a 1000%+ return from here upon completion of a mine build which has been openly stated this year as the end goal for Zulu. 500mil mcap would be a conservative valuation for a lithium mine with a resource that's somewhere in the region of 60-80mt.

PREM a different beast now with funding concerns removed and backed by a multi-billion dollar major that has done their due diligence on the board, company and assets before investing at a premium.

It's certainly cheap. We should see a decent return from here.

Lot's to look forward too.

DFS delay of a few months. Still expected to be completed around Q3, which isn't far off, with elements of it now being accelerated. As per the interview.

Our boy Neil Herbert also the Chairman at PREM.

Mr multi-bags delivers.

Resources and Exploration
The Zulu Project has substantial resources. Following a successful 2,500 metres diamond drilling programme between September 2016 and February 2017, Premier published a Maiden SAMREC compliant Inferred Mineral Resource Estimate of 20.1 million tonnes grading 1.06% Li2O and 51 ppm Ta2O5 using a cut-off grade of 0.5% Li2O on the Main Zone.

https://www.premierafricanminerals.com/zimbabwe/zulu-project

20.1mil tonnes was inferred in the maiden resource declaration from just just 2500metres of drilling.

We should be over 7000metres drilled into the DFS now and the rate is likely to be higher with the end of the rainy season and the extra drills in place.

7th Feb.

"Unseasonal and hugely excessive rains have led to difficult conditions at the Zulu exploration site and to supplement drilling activities, we have engaged Aqua Terra who have mobilised another three drill rigs from their operations in Mozambique and who are expected to complete their camp establishment and commence drilling during the week commencing the 14 February 2022. Extra rigs operating will both expedite development of the extension zones and facilitate exploration in other parts of the Exclusive Prospecting Area ("EPO") where mineralisation has been detected through non-intrusive exploration methods."

https://www.lse.co.uk/rns/PREM/zulu-update-4wi1u46m2ofja2l.html

Bring on the RUS George.

We have all the fundamentals in place to be a 25k producer, then a 50k producer and beyond within a relatively short space of time.

Already incredibly undervalued based on current fundamentals of a 3 project gold producer / explorer, a fully operating and funded mine capable to turning over approx $1.9mil in revenue per month at 1000oz, 1.6Mil oz resource across our portfolio which should double over time to over 3Mil oz+., 2 wholly owned drill rigs etc...I do genuinely believe from here that 5-10 bags will be achieved in a relatively short space of time, lets say under 3 years. We're simply further ahead of pretty much all listed junior gold explorers.

This one will had significant value to RRR. Early stage lith projects going for $500min-$1bil within a few years of development.

Quite a few bags from a £5mil mcap.

Anything at 1% of over is a fantastic result. Let alone 2%. This will add significant value to the company from this point onwards.

Wow, this is a huge new venture. The location is fantastic too and the grades look very good.

Lith is hot.

...

Good stuff ;)

Selling way over done here.

First target 35p. Next 50p.

Mcap at cash level with a great pipeline of news here.

Placing at 1.5p and this is down here at 1p after such a great bit of digging.

What a discount.

Load up load up. Multi-bagger from here folks.

Tucked some away today as could see this trading at 40p+ within 2 years. 10 bags from here.

Easily more than £1 once news is out.

Hi and welcome.

Anyone feel free to correct me if I'm wrong, but there is no debt finance here.

A lot of the early financing up until listing was paid for in shares. Its likely resulted in some short term pain with shares churning but it will bring about long term benefits to shareholders imo.

The company raised and listed with £5.5mil, which covered a lot of the costs up until now.

The company is producing and selling gold. Over 1000oz sold in Q4 (would have brought in around $1.8mil)

Approx 3000oz or more in stockpile of gold, which can be sold for approx $5.7mil or more at current gold prices.

Continuing to generate further revenues with gold production at 1000oz per month and soon 2000oz per month.

Placing funds from Feb to accelerate and pay for some of the expansion work too.

This is why we're passionate on here about GCAT's prospects and future.