Member Info for NellyB

Martini, you know full well that PREM also has a profit share agreement with Canmax for Lithium Hydroxide that is produced by the spodumene that will be supplied by PREM. Unless you know the price details of that, you can't say whether PREM will be profitable or not. You are being very disingenious.

Someone who does not care if the share price goes up or down does not spend their time incessantly moaning about everything that has gone wrong, is going wrong, or could possibly ever go wrong, without having skin in the game. And one share doesn't count. It would cost you more to sell that one share than it will ever be worth.

Martini, You know what's worse than colluding to release infomation? Conspiracy theories with no basis in fact, to manipulate the share price down. Give the witchcraft a rest, please.

Jaybike, how much will PREM benefit from the profit share of lithium hydroxide, sold by Canmax?

What will be the grade of Spodumene from Zulu?

If you can't answer those, you have no place saying whether PREM will turn a profit or not.

Dr Pineapple, GR hasn't said SC7 in an RNS, but he stated that he expects a higher grade, attracting a substantial price premium over SC6: (Jan 18th)

"Premier's internal budgets (which have not been independently verified) predict an average production cost on a mine gate basis of US$800 per ton of SC6. At present SC6 selling prices, and after an allowance for freight charges of US$152 per ton, production at this point in time of basic SC6 standard product is marginally profitable. However, Zulu is expected to produce a low iron higher grade Spodumene concentrate in the normal course from clean ore as previously indicated by Anzaplan in original test work, and as demonstrated in Premier's laboratory at site. This Spodumene concentrate currently attracts a substantial price premium which is expected to buffer the effects of the lower SC6 prices at present."

Wolf: Do you think this was all written, proof-read and published in less than 49 minutes?

https://thatstocksguy.substack.com/p/prem-the-mineral-resource-update?utm_campaign=post

I did rather wonder how Charles Archer had released his quite lengthy assessment so quickly after the 7am RNS. I didn't see what time he posted it, but there is a link to it that was posted here at 07:49 this morning.

Just my quick assessemnt, but 1.78 million tons resource in the current pit. If this were to be mined at 4000 tons per months, thats 445 months of mining, or 37 years of resource, just in this pit area.

Obviously production would step up in time to well beyond 4000 tons per month.

So long as the plant runs to spec, I think we'll be sitting pretty for a long time.

Martini, for anyone who put their money in above the current price (regardless if borowed or not), your rantings do nothing other than prevent them from getting their money back, and robbing the pockets of everyone who is invested.

When the price was recently at it's lowest you were still ranting that it would fall. Anyone who invested on the advise of the 'so-called rampers' at that time would have had their money more than double in less than a month.

*Market cap of £220m.

Whilst the NRR will be a welcome addition, and may help to attract loans / Institutional Investors, I don't see it shifting the share value all that much in the short term. The important thing is whether the plant runs as designed and confirmation of grades through the plant. We already know there is a shed load of Lithium on the ground, that will take years to extract.

Dazed, Back in April 2023, the total shares in issue were raised to 22 billion and change. That was most recent increase in shares close to Feb 2023. The share price has not be significantly over 1p during the last year, so that would be a share cap of £220m at it's peak. How did you get to to £300m?

I hope you're right about the the near-term share price. I have previously wanted the value to go down, as I've been buying more, but now happy to ride it out to 1p and beyond.

I admire you optimism Craig. Prem is certainly heading up, but I think we'll be around 0.35-0.4 tops by the end of next week. Another month of solid good news and confirmation of production, 0.7 is achievable

Ra11adw2 The new mill arriving is a big step in the right direction, but this won't multibag until investors have faith that the mill and other remedial actions have resolved all of the production issues. I'm confident we'll get there, but likely to be a few more bumps in the road yet, going on past experience.

15th August 2023 RNS:

"- The essential elements of the Amended Agreement remain the same as the original agreement entered into in August 2022, save that that the parties have agreed a revised Product supply schedule (and alternative arrangements) in respect of the prepayment amount of US$34.6 million plus accrued interest; and

- A revised hybrid pricing agreement with the price of SC6 supplied by Premier based equally on both the SC6 price and a profit share under which Premier and Canmax will share equally the profit from production by Canmax of Lithium Hydroxide from SC6 supplied by Premier.

The hybrid pricing structure provides Premier with an exposure to future market prices of both SC6 and Lithium Hydroxide."

https://www.lse.co.uk/rns/PREM/offtake-and-prepayment-agreement-nztaaecscxjocyq.html

Jaglith, as usual, you are spouting nonsense. GR recently RNS'd that the lithium mining part of the business would be 'maginally profitable' if SC6 was produced, but was expecting a high grade to be produced, which would attract a substantial premium to SC6.

"Premier's internal budgets (which have not been independently verified) predict an average production cost on a mine gate basis of US$800 per ton of SC6. At present SC6 selling prices, and after an allowance for freight charges of US$152 per ton, production at this point in time of basic SC6 standard product is marginally profitable. However, Zulu is expected to produce a low iron higher grade Spodumene concentrate in the normal course from clean ore as previously indicated by Anzaplan in original test work, and as demonstrated in Premier's laboratory at site. This Spodumene concentrate currently attracts a substantial price premium which is expected to buffer the effects of the lower SC6 prices at present."

You are also failing to factor in the profit share from the product sales from CANMAX, of Lithium Hydroxide.

Please don't post false or misleading info.

18th Jan RNS - the second part.

"Premier's internal budgets (which have not been independently verified) predict an average production cost on a mine gate basis of US$800 per ton of SC6. At present SC6 selling prices, and after an allowance for freight charges of US$152 per ton, production at this point in time of basic SC6 standard product is marginally profitable. However, Zulu is expected to produce a low iron higher grade Spodumene concentrate in the normal course from clean ore as previously indicated by Anzaplan in original test work, and as demonstrated in Premier's laboratory at site. This Spodumene concentrate currently attracts a substantial price premium which is expected to buffer the effects of the lower SC6 prices at present."

Dr Pineapple, you're addressing the wrong issue. I'm talking about the money that Prem will receive from Canmax, for the profit share of the product that CANMAX produce (Lithium hydroxide), not the cost to Prem of digging up spodumene and producing SC6 for sale to Canmax.

If Canmax pay less for the SC6, due to lower market value, there should in theory be more margin in the Lithium Hydroxide sale, because it's been cheaper for Canmax to produce.

Also if GR is correct, the grade of product from Zulu will command above a 50% premium to SC6 prices, as stated in the Stockbox interview at 3:18 https://www.youtube.com/watch?v=ffVOJ7C6XXQ

Jaglith: How much is the profit share with Canmax worth, from the sale of Lithium Hydroxide?

If you don't know that figure, how can you say PREM will be unprofitable?

Anyone here with a bit of industry knowledge able to confirm if the metreages in the drill results are DEPTHS, or simply how far along the drilled holes the resource is found at?

I don't belive the drills are directly down, at 90 degrees to the surface, as evidenced by prior drilling photos. The drill channels appear to be more like 45 degress, which would equate to HALF of the stated resouce depths.

https://twitter.com/Premafrimin/status/1534090055723143168?lang=en

Thanks for your summary Martinigirl. You are like the opposite of the Samaritans. Anytime someone has doubts about whether to jump off a bridge or not, I'm sure you'd give all the encouragement needed, to complete the task. Has anything ever filled your glass more than half way? Why do you even care how well PREM does, with just one share?