Member Info for NaPoM

Not getting paid $300k...read the 2018 interim report and the numbers raised in 2018.

How do u think the SP will react when the $6m does arrive. A bit of volume will move this with no effort. Waiting for it to happen is prudent but you wont the get these prices thats for sure.

Thing is GR will not be in control going forward. Confirmed this in the last webinar and proactive interviews. Holders are in control regarding the asset acquisitions.

Lets not forget the reason we invested in the first place. All the assets are still there. The opportunity to change our situation in an instant could come any day now when the $6m is signed and delivered. Just a reminder of what could happened the minute the $6m is in the bank will result in the revaluation of PREM's assets.

RHA - $9.75m (impairment value) + $6m cash balance

Zulu - $4.29m (PFS)

Circum 5% @ $1.25 a share - $6.25m

ARCM @ 2.5p a share - $165k

Total value with RHA funding: $26.4m or £20.24m. Est. share price @ 0.253p

When RHA is fully operational in 4 months time will add est. $5m a year and $50m or £38m to prem's market cap.

Add circum investment if they decide to buy prem's 5% @ $3 a share will add $15m or £11.5m

Total value with circum & RHA producing could be $85m or £65m. Est. share price 0.81p

Add Zulu valuation after EPO is granted and it reaches DFS $??m

Drilling other assets with KME on board will also add value.

Everything can change in an instant. Do not dwell too much in the past. It doesnt dictate the future. What will you moan about next when GR steps down?

They did not elaborate too much other than the meeting took place after weeks of chasing and that comments were made regarding the contracts that PREM needs to action.

Since when did we have cash in the bank? Recent raise covers working capital and drilling programme for zulu in the next few months.

What's he raising for? KME? Cant do this without shareholder approval. I agree that cash in bank is the key. Hardest part was for the govt to agree to the funding.

250+ people that could be employed at RHA and 450+ jobs waiting to be filled at Zulu. Its in the govt's interest to get the $6m funding resolved as quickly as possible.

The process for getting the $6m funding over the line involves a lot of paperwork, govt officials from different depts will need to be involved, legal from both sides need to check draft contracts - funding and management. A response from the govt was received on tuesday which is positive. Dont take my word for it. Get in touch with the company.

We have asked for an update on everything. I guess if events are still ongoing, they are waiting for finality b4 releasing it in an official RNS.

If you bother to contact the company, they will tell you that HBR is no longer on the table. As for KME we have asked them to find other ways to fund it and wait till they get the $6m govt funding for RHA over the line. They cannot go ahead without shareholder approval.

Dont reply to non holders..best way.

Wolf that would imply that he has a conscience in the first place. Lol

The path for RHA to come back into production has been laid out. The $6m funding has paved the way for this to happen. All we are waiting for is a signature.

ATP price has risen slightly in the past weeks to $270 - $277 /mtu. Going forward, Chinese producers will be subjected to envrionmental checks halting production and limiting supply. Also, many tungsten mines are approaching the end life of mine which will limit supply.

The raise was not just for the bara report. It was to pay for the holding cost of RHA in C&M mode. Independant report was needed as part of the negotiations with the govt on the best path forward for RHA. This report, in some way, may have influenced the govt to fully fund the development of the mine. Option 1 was limited to 6000 tonnes. By combining option 2 with option 1, production could increase to 15,000 tonnes of mined ore. The effect this could have on profits based on average 7.1kg/tonne (taken from drill results from digging deeper), ATP prices and 35% discount to noble (offtake partner) are: $275/mtu - $625k/month profit $300/mtu - $798k/ month profit $325/mtu - $971k/month profit $350/mtu - $1.14m/month profit ATP price did reach $340/mtu in 2018. These numbers does not take into account the potential costs savings from becoming our own mining contractor with KME on board.

One of the requirements to the agreement with the govt was to let them know how the $6m will be spent. PREM has satisfied this requirement otherwise they wouldnt agree to give PREM the funds. Now waiting for the govt to sign off the cheque and the 15yr management contract.

Need to read up on the chain of events that led up to the decision to do the BARA report. There were originally 4 options to get RHA back to production (3 drilling programmes and the other was going straight to production). All this info is in the last interim report. Also back in Jan 2018 when the decision to take RHA to C&M mode, the mining contractor gave rough estimates to PREM that it would take $6m to fully develop the mine and less than $1m to dig deeper. BARA report is an independent report to work out the cost of option 1 only. PREM didnt have the funds for option 2 so it wasnt explored in the report. The govt choosing to invest $6m back in dec was unexpected. The aim was to negotiate the 90% equity for RHA with the govt.

When PREM did the BARA report, $6m funding from govt was not on the table then. BARA report was based on option 1 to dev existing UG mine.