Member Info for NaPoM

Potash price is recovering - a jump up in price in March and 25% up for the last 12 months. Board is fully behind the plan to raise cash via debt and equity as stated in the presentation. They wouldnt release the presentation without the board agreeing to it.

One of the main reasons it was stalled was because they were waiting for the price of potash to recover in order to secure the debt facility. Circum is worth £2bil+ when it gets to production.

http://circumminerals.com/investors/presentation

Would be difficult I know. If only RHA was producing....would pay for rest of Zulu drilling.

If PREM can avoid selling Circum investment and wait till production. Circum MCAP could be £2bil+ come production. Whats 5% of 2bil?

IMO next Circum news will be the offtake agreement secured for phase 1 production of SOP worth 0.75MT. Im thinking they need this as a guarantee to raise the $750m for 1st phase from debt facility and equity raise. Anyone know what the SOP price is? Trying to work out what PREM's 5% could be worth at production stage.

*DYOR . Thinking a buyout on the cards and or to fund cost of Circum IPO via Plinian Capital IMHO

Dattels sold his stakes in LSC Lithium and FFWD recently. DYO

They are saying 4 months for stope development. Revaluation of RHA as an asset will happen overnight. Fully impaired in the last audited annual financial report removing circa $9.7m value from PREM's assets. Also cash balance will increase its value further.

2,700 mtu of wolframite from ROM of 6,000 tonnes from the underground mine per month. With the decline shaft, this increases to 15,000 tonnes and assuming the grade is sustainable at 7.11 kg/t will produce 6,700 mtu of wolframite per month.

Gravity processing plant capacity is 40,000 tonnes per month. Mixing ore from the open pit and tailings with ore from the underground mine will be needed to extend the life of the mine to 15 years so these will come into play in the future.

Current ATP price is $277/mtu.

When RHA reaches steady production, I calculate sales from anticipated monthly output from the underground mine only:

With 4 month stope development
2,700 mtu x $277/mtu = $747,900 per month

With construction of decline shaft
6,700 mtu x $277/mtu = $1,855,900 per month

Zero capital cost due to govt funding of $6m.

Without KME, operating cost is $300,000 per month. (based on 15 months cashflow from the RHA Technical Report and Development Plan RNS 3/10/18)

Not sure what the operating cost is with KME on board and when the decline shaft is constructed but there is a big saving to cost of mining operations and labour.

HBR owns the RAN gold mine. The HBR acquisition is no longer being considered according to comms from the company and feedback from shareholders.

I understand your frustrations chip, we are all on the same boat here.

PREM has no debt. It can still navigate itself away from troubled waters. It just needs favourable wind to blow its sail to get the ship going again.

If witty one liner post is all you can offer to this board I may have to put you on my filter list.

I cant speak for him but he has in many occasions indicated that he will step down in past interviews and the last webinar. How soon this will happen will depend on the funding events to take place. You are pissed at him coz your investment is well down. I understand that completely. GR has funded PREM $5m of his own money at the very beginning. He is not going to leave without steadying the ship.

What Im trying to say is this is worth waiting for. The benefits to PREM far outweighs the waiting time endured since the govt announced the funding back in Dec 18. It opens the door to sustained production for the next 15 years without worrying about the price of tungsten falling. Getting to the higher grades of ore and increase in mining production is what is needed long term. It also helps that the price of tungsten is more than likely to be on the up in the next few years. Just a reminder of the benefits:

- 15,000 tonnes/month of mined ore from the underground mine
- Improved ore grades at 7.1kg/t (assays)
- Cost of plant operations will fall eg. generators electrified (previously diesel), ore delivery, staffing, etc
- Cost of mining exploration will be reduced at $45/m with KME management + assets on board (subject to shareholder approval)

https://www.proactiveinvestors.co.uk/companies/stocktube/12572/premier-african-s-roach-details-new-acquisitions-and-rha-road-to-production-12572.html

Originally the plan was to get RHA ownership issue with the govt resolved - get the 90% of the equity and find a partner to finance the drilling programme based on the BARA report to extend existing stopes to reach higher grades of ore. The govt wanted to be the partner and not only do they want to extend existing stopes, they also want PREM to construct of a new decline shaft to allow vehicle access direct to the underground operations. Doing this will substantially increase ore delivery to the plant at significantly reduced mining cost. Ore grade was the issue with production but there was also a need to improve ore delivery (15,000 tonnes) to the plant from the underground mine. Without the decline shaft, it would have limited the ore delivery to 6,000 tonnes of mined ore. The management contract duration has been increased to 15yrs as the govt is looking towards the future to guarantee jobs for its people in the long term.

Those companies will eventually require a lot of funding through equity or debt to get their projects to production phase. PREM is days away from getting funding from the govt to to restart production at RHA tungsten mine and plant. Here is a reminder of what these bigger companies dont have:

https://www.youtube.com/watch?v=Hx5O57BknMI&t=26s

Troajan - all these companies your referring are priced over 2p and none have lithium assets at DFS stage? PREM at 0.08p has plenty of upside potential.

Thanks Tedoby.

New tax year starting on Monday. Looking to add some more to take my average down further.

Also, no shares so far were paid to directors. Change in director's holding needs to be RNS'd.