RE: Moving forward.26 Feb 2019 22:34
A solid base of shareholders in PREM owning est. over 26% of total shares (inc. GR who owns approx. 8%) will be looking forward to the positive news that are about to hit us. News of drilling recommencing at Zulu is just one positive step that will lead to many positive outcomes...imagine what it will do to the SP....think about the positive RNSs that will be rolling out from every drilling update, assay results, resouce upgrade, etc...PREM needs to drill up to 20,000 metres to complate the DFS..today's raise will probably get us to about 5,000 metres as the cost of drilling reduced @ $45 p/meter. You wont need to wait very long to appreciate the value of this drilling campaign will do to the SP...the quality and size of lithium Zulu holds, with a target of 80-160mt, will likely increase as we get closer to 20k not to mention the impact of the EPO application, if granted, will increase the mining licence area around from 3.5km2 and PREM's rights to claim over an area of 200km2. Zulu could be the biggest hard rock lithium deposit in the world. The risk to reward ratio IMO is heavily in favour of holders in PREM...im holding and accumulating more as soon as funds allow.