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The only filler info i hear is these useless tweets.....drill rods on the move, drill rods at site, drilling continuing,....
https://twitter.com/Premafrimin/status/1529431103303557121?s=20&t=oYBaQ6C3hmtBtuGZ0r0R4g

Thanks degrasse, music to my ears....judging by the volume, i'd say the word is slowly spreading.

I bet this will come in handy fairly soon, either this year or next. Potash prices are doing well and Russia and Bielorussia, number 2 and 3 producers of potash and fertilizers on earth, are being boycotted for now. Just have to hope the war ends once and for all.

Wow they really are speeding things up, great news.
Had also forgotten the Li3 project, good shout. It should come in handy in the future.

So no MNH and RHA updates you reckon? No results either?

Wow, 1p by July? You guys are really confident. I cannot see that happening on just a mine plan and results.
I'll be very happy to hit 0.5 by Xmas. At 0.6 I am opening champagne bottles.

Hi Wot, you may be right. Maybe the pump starts later this week, maybe next week. I'd be surprised if an RNS of this caliber drops without a pump. Then again, if there is no pump, then we just get waffle and maybe just results.
I just want to hear what the way forward is, not too much to ask right? Except PREM $ucks at project management.

It starts slowly and usually builds up as the word spreads. There is always a leak and price action before a highly anticipated RNS (see Feb-Mar 2021, Feb 2022 etc)

I think we may be starting to see the leaked hype already from today, max Thurs ahead of the RNS.

Then my prediction of "RNS by end of Wed 1st June" is correct. We would have the 2 bank holidays after which make it a shorter week.
We usually have leaks and sp action 2-3 days ahead of RNSs and this time around it is still very quiet (except last Friday but that was a 1 day thing only).

We are almost there, 1 more week to wait at the most, results and pilot mine plans are around the corner.
P0.5-0.6 by Xmas is possible, let's go!

Yes I did, my bad

New tweet
https://twitter.com/Premafrimin/status/1528709350956613633?s=20&t=hcDCfckWtKCLDC9KyaWAMQ

Glad to see lots of movement on the ground, just wish more info/maps/instructions were given. On their own these tweets mean very little.

Hey Shiny, this is a great question which would require some research.
That i am aware of, Suzhou has been in the lithium game since 2019 and are currently working with:
Pilbara, Australia
https://www.reuters.com/article/pilbara-minerals-yibin-tianyi-lithium-idUSL4N2BI06R

AVZ, Australia
https://www.google.com/amp/s/thewest.com.au/business/public-companies/chinese-to-plough-us400m-into-avz-lithium-project-c-4087814.amp

Global Lithium, Australia
https://themarketherald.com.au/global-lithium-resources-asxgl1-inks-offtake-agreement-with-suzhou-taa-2022-03-03/

AMG, Brazil
https://www.forumchinaplp.org.mo/suzhou-taa-unit-strikes-brazilian-lithium-concentrate-deal/

They are also close to completing their own battery grade development plant, China
https://news.metal.com/newscontent/101587090/suzhou-taa-ultra-clean-technology-plans-to-build-a-50000-mtyear-battery-grade-lithium-hydroxide-project

Not much info available about the current state of affairs of each, i am only aware that drilling has been fast tracked with Global Lithium since Suzhou has joined.

If anyone else has more info please feel free to chip in.

SK, besides more frequent news, proper progress updates, lab results, better comms, an agreed and documented way forward, a mini mine development plan and the ability to sign agreements also with other investors besides Suzhou? Not much else that I wanted, just curious to hear if PREM is still in talks with others or has settled in with Suzhou for now as you alluded to.

Let me rephrase that.
"Owning shares of a company means you own part of the gains/losses that come with that company's market stock price action (and at times have voting rights)."

Wait, GR was meant to attend the Investing in Africa Mining Indaba conference in Cape Town, 10 days ago....how did that go? did he pitch to a canadian institution while there?

Interesting, tell us more SK!

In the mean time, Global Lithium in AUS has been fast tracking their lithium exploration since Suzhou bought a stake and off take agreement nearly 3 months ago. Hope to hear plans to do something similar with PREM soon.

https://globallithium.com.au/

Hey shiny,
It's a common misconception.
Owning shares of a company means you own part of the profits and losses of that company (and at times have voting rights).
It does not mean you own also part of its assets.

https://www.investopedia.com/investing/what-owning-stock-actually-means/

We are up 18% on the month, today almost as much volume as the other 4 days of this week put together, new MM, RNS and news around the corner, lots of hilarious posts.....best news for me though is Bickmaster buying back in.

SK you still think 1p by end of May? I did promise i was going to remind you of this point last month :-p

Have a great weekend all and keep your spirits up, good stuff will come our way!

If I were a betting man (which I am otherwise I would not be in PREM), i'd say RNS by end of Wed 1st June, ahead of Jubilee bank holidays.
Otherwise we will have all the right to complain to GR :-)

In the mean time, i was re-reading old RNSs and was reminded of the below from Aug 2021:
"The Scoping Study identified a target production of 84,000 tonnes of Spodumene concentrate and 32,500 tonnes of Petalite concentrate per year for an initial 15-year life of mine ("LOM") to be the most appropriate option and was based on prices of US$800/t Spodumene and US$400/t Petalite concentrate prices respectively."

With today's prices, this is fairly mind blowing if we can extract it and go into production. Worth waiting for news, don't understand why sell right now.

Good question. From what I understood, reflection seismology is used for mineral exploration.
From Wiki:
"Mineral exploration – The traditional approach to near-surface (<300 m) mineral exploration has been to employ geological mapping, geochemical analysis and the use of aerial and ground-based potential field methods, in particular for greenfield exploration.
In the recent decades reflection seismic has become a valid method for exploration in hard-rock environments."

PREM has mainly gone through the drill, extraction and core testing path. However they had purchased a LIBS last year (laser-induced breakdown spectroscopy) but to be honest I believe they have never actually used it.

Not an expert by any means but this is all I know.