Member Info for Progress101

I'm not sure if this question has already been posted, but with the current value of the British Pound being so low, does anyone think this will benefit PREM?

The whole equities market is depressed today. The value of the £ has dropped to the lowest since 1985.

Hi Folks

I have just invested in Caerus for the first time just now. I have decent holdings in PREM and PXEN but I couldn't resist jumping into this interesting company!

Michael

Sorry, yes i forgot to mention it was Gold....

Hi Folks

Regarding the EPO, my understanding is that "artisan mining" was carried out decades ago and it conjures up a mental picture of people other hands and knees with buckets and spades..lol!

Is that the case?

If the currently available mining tech and equipment was used in the EPO, this could be a game changer!

Cheers
Michael

If Zulu yields 2p per share and the EPO has 6 "Zulus" Im in for the long haul....

Hi all

Thanks to everyone who has made another week of great input into this forum.

Have a great weekend.

Michael

https://investingnews.com/free-report-online/rare-earth-outlook-and-stocks-to-know-about/

Johnny
My guess is that Southou know something of what’s in the EPO and would look to repeat the same interest free / T/O agreement format to exploit the EPO.

Michael

Thanks Daz

I was trying to figure out the timing of the DFS and a fully fledged mine would fall.

Michael

Does anybody have an idea when the DFS might be with us please?

Does anybody think that today's price rise is connected to the end of the pre-emption period for Suzhou?

Hi Milnrow

6Bn shares?

Thanks Gus

HI Gus

What does that mean please?

M

Hi Shiny

I apologise. i forgot that the FT restricts access on a link to subscribers only!

The article focuses on Chinese lithium producer Ganfeng but covers the wider battle between China and the US to grab as much lithium as possible for the EV supply chains.

A couple of quotes:-

"The Chinese Government's main gripe with the Lithium sector has been the risk that the price rise dents the market for Electric cars."

"Ganging said resource shortages and price spikes were mostly caused by the "mismatch between supply & demand" and that the best solution was "accelerating exploration and development of upstream resources".........

END OF QUOTES:

We can see Suzhou "accelerating" when it comes to PREM, using a pilot mine, probably followed by a fully fledged mine for both Zulu and the EPO further along.

This can only be good for us IMHO.

Michael

https://www.ft.com/content/89ce0c75-6f0f-4ff2-8ce8-62bf72c05f51

Hi Acker

Hope this helps.

https://oilprice.com/Metals/Commodities/Is-Zinc-On-The-Brink-Of-A-Breakout.html

Michael

It seems to me that PREM has a number of varied assets purchased / developed, before the Lithium boom and I could imagine that GR wants to divest of these to concentrate on Zulu / EPO?

And another £20K........wow!