Member Info for NellyB

Why is anyone expecting an update at the START of November?

IF the plant can now produce circa 2000 tons per month with the RHA mill installed, it only takes 2 weeks to produce 1000 tons, so there is still up to 2 and a half weeks left to tweak, if Maddenson is to be belived about the plant throughput, and that assumes than nothing has been produced so far.

The original mill was new and experimental. It's not clear if Stark or Prem are responsible for that selection.

The floatation unit is a stock part which just need to be be optimised to get the peak output.

Tygra,

The plant will produce SC6. GR has already stated in interview that it's possible to process SC6 from lower grades of material than is being fed into the plant. The product would need reprocessing through the plant to increase the % of lithium content. The plant is being optimised to process the raw material in one pass, as designed.

Far too many people here have too little patience or an agenda of keeping the share price down.

I reported loads of Watcher36's post that were off topic and then filtered him.

Please do the same, then we might actually regain some sense of sanity back here again, and people who are genuinely interested in discussing PREM will return, and potential new investors will not swerve away. Watcher36 is hurting all of your pockets.

This is a PREM discussion board, not a narsassitic crackpot conspiracy discussion board.

The floatation circuit has been run before. The mill is new, hence the video of it in place and working. Why would you expect a new video of the floatation cuircuit any more than the conveyors running, or the trucks loading from the pit?

Martigirl, I never said payments weren't due if production targets are not met. I was clarifying that the payments are not penalites (fines). They would be a payment against the amount owed to Canmax, made in cash instead of product.

I'm confident we'll meet the 900 ton minimum requirement by the end of November.

1) It's a week of commissioning, not a week of production.

2) IF the targets are missed, the amounts owed to Canmax are not penalties, they are repayments from the existing amount owed to Canmax, in lieu of product.

Then head back to port and find another ship. Investing in AIM is not for the faint of heart.

You think too small Watcher. We are selling to Canmax and Canmax are supplying Ford. The UK is not the entire market for EV's and whatever our government are or are not doing makes little difference to PREM, in the big scheme of things. https://www.statista.com/statistics/300381/ford-car-sales-in-the-united-kingdom/

It's an addition, not a critical component. Would you rather everyone sits around and twiddles their thumbs for the next 3 months? We can produce salable quantities of product in the mean-time and we absolutely need to, for the sake of revenues.

Seems like a reference to this incident:

https://www.theguardian.com/world/2021/mar/24/how-a-container-ship-blocked-the-suez-canal-visual-guide

Same ship!

You say that like trump will win. He's lost the last 2 elections on voter numbers. What makes you think he will win 3rd time around? I truely hope justice is served well before Jan 2025 and that that orange lying conman will rot in in a concrete cell for the rest of his natural.

Note that the RNS ALSO states Prem will get a share of the profits from Lithium Hydroide sales that Canmax makes from SC6 supplied by PREM.

"Marketing

Under the Amended Agreement the sale by Premier of SC6 will be priced on a hybrid pricing structure. Payment for 50% of SC6 supplied by Premier will be based on the SC6 price, and the balance as a profit share whereby Premier and Canmax will share equally in the profit from production by Canmax of Lithium Hydroxide from SC6 supplied by Premier.

The proceeds which Premier will receive under these arrangements will therefore be determined as follows:

-

In respect of the SC6 delivered by Premier, a price based on the average middle price of all contract prices for 6.0% Spodumene concentrate (CIF) quoted by Fastmarkets less an agreed discount; and

-

-

In respect of the profit share, the net profit after deducting Premier and Canmax's agreed costs of production and based on average prices of Lithium Hydroxide and Lithium Hydroxide Monohydrate."

And they are using an image of the largest COPPER mine in EUROPE. That's about the standard of the negative reporting in this article.

Watcher: A reminder that most of us here are here for PREM news and discussion, not whatever conspiracy, evidence and nonsence you feel like sharing with the world. There are plenty of other forums for that. Kindly keep it to yourself, or get reported and lose your ability to post here.

Still not a loan Daz, Duh!

Canmax didn't provide a loan. It's an advance payment in exchange for product. (pre-payment).

Does anyone know if the recent PREM AGM Zoom meeting was recorded and if so, anyone have a link?

UV sorter is on site, and (from memory) fitted. It was in one of the recent videos.

Because no-one can put a sensible value on Zulu, without the RUS and a working plant, to know what the income and resource will be.