johny
you are correct the april resource is just my best estimate , it coudld be early May but it is certainly within weeks and not months away. personally it does nto bother me if resource upgrade comes in june . what is important is production and to boost production with a second offtake deal . the second offtake will blast the shares up to nearer 2p very quickly.
The president will do the offical general opening sometime after the plant is working . So i explant the plant to be fulyl oeprational very early next week if nto tomorrow from my understanding
It is clear we are about 99% there .
In terms of what is to come there is a lot
1. rns to say fully working plant
2. rns probably once first 2000 tonnes spodumene produced and possibly shipped
3. rns when we hit 4000 tonnes
4. rns of likely finanical forecasts
5, resource upgrade likely i think April
6. plans to boost production of first plant : ? may
7. plans to build a second plant ? may
8. Broker buy note fro mshore capital
9. Institutional buying once broker note out after resource upgrade
So if we sit back we should be 2p end of May which is about 7 weeks in my opinion.
this week we blast through 1p .
Alert I agree ,
Coming back to George , yes he got it wrong with Rha , but whilist prem went with no revenue he kept prem going for 5 yrs scrapping along . But he is brilliant at finding minerals like lithium .
He got two brilliant deals with Suzhou and got us to a £200 m company . I think last four yrs geoerge has been brilliant .
smiler that is where prem has a big big advantage over all other lithium stocks
so far we have only drilled a small part of zulu , the epo area next to zulu which we got the license to drill two yrs ago is 57 times times bigger and this year george says he will drill it loads.
so whilist Zulu has an exploration target of 70m tonnes conservatively , the EPO coudl be 200mt plus . This woudl make PREM a tier one producer and to start rivallying Pilbara the world largest lithium miner.
That is why i reckon a hostile bid will come for prem . i suspect there wil lbe a friendly offer put in then a secodn hostiel bid and may be sushou have to come alogn as a white night to protect their investment
We are abotu to explode on to the lithium scene when we get producign and we get to drill the EPO
Rumours are that the president will come with a production license for epo when he attends a ceremony at Zulu this month.
Sprint , i am so glad you are looking into this with good proper research .
Prem has no debt at all except it owes sushou $34m for its mine . Arcdia mien was sold down the road in Zimb for $422m and George said 1 year ago prem is worth at least twice Arcadia( prospect resources) . but since then prem has gone into production and we are sitting on a potential mult billion dollar company with prem .
Keith an expert on telegram highlighted PREM has been awarded a liquidity flag which should come in next week , this i think makes PREM more attractive to institutions as it is super liquid for big buys and sells.
sprint , this is exactly my point why Prem will be pennies this year , but the biggie is what is next and this is why i am super excited
In recent interview George says he is talking to others about investing to boost production . There are two ways prem can do this .
1. Boost plant one from 50,000 tonnes an year to 75,000 by expanding it
2. Build a second plant : they know how and could duplicate the plant
so it is possible by early 2024 we triple production from 50,000 in Q2 2023 to 150,000 in Q2 2023.
It is stunning ,
yes lithium prices have fallen this year but some now think this is a false fall and will go back up very soon
i think but not yet confirmed this is the local opening first ceremony with the big one to be later with president and rumours of a bigger mining license for the land next door in the epo .
news will leak further over weekend ready for a tuesday epo style day .
That article saying break over 0.97p we are heading to 1.55p , well that may be coming quickly .
Well time wil ltell and hopefully we see some videos in coming days or we await news on tuesday .
i see that article ii prem more to come .... if we close above 0.97 then charts suggest a quick move to 1.55p
its like epo day is coming .