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There are a lot of companies wanting in for prem .
If CanMax ask for their $35 m back it will take them a year , by then prem will be producing with a new partner . There are many companies showing interest
Well I called this wrong in June .
But too many people not appreciating the medium term with Prem .
First thing prem are not going bust .
I started investing 5 yrs ago because I thought worse come to worse prem could sell rha and circum . Since then circum pretty worthless but Zulu worth a lot .
So if everything goes wrong , prem can selll Zulu after announcing a resource . From my calculation there is 3 million tonnes of Spodumene equivalent available to be produced and sold in Zulu . That does not 8nclude epo. So someone buying prem can easily sell over say 10 yrs 12 billion dollars worth . I reckon prem could in a flash sale get £500 m for Zulu that is 2 p
Part two coming
If there is no rns Monday morning don’t be surprised , it has been a big three day holiday , so if deal signed today Sunday , you may not get an rns till intraday Monday . If CanMax change their mind and pull out then rns 7 am . So no rns 7 am is good news .
Those selling will feel daft when we get a good rns later in day or end of day .
Could well be a Tuesday rns of a deal .
So talk of doom and gloom is wrong
Raydaar quite the opposite each day the chance of a deal gets greater , because if no canmax deal we would hear earlier not later .
Also anyone with half a brain appreciates that can,ax have a big deal with Ford and need prems spodumene and also want this deal . This deal derisks canmax as well as prem because it helps can,a. If spodumene price goes up too much .
Raydaar you will soon be shown to be too negative and missing the big deal coming . So you reckon no deal will be announced end of week rather than Monday . Whose idea was to link to lithium hydroxide rather than spodumene , prems or canmax , I wonder . Raydaar you don’t know enough to be spouting things confidenty .
Yes too many doomsters spoiling the board , but that is their plan . They will be gone soon as prem rise 50% .
They dotn have a brain or a memory when Stockbox interviewer asked has a deal been agreed and the answer was yes . so when the deal gets announced where do you think this deal wil ltake us . well it is a no brainer to believe it will rise to 1p pretty soon when the deal will kill any shorters . watch the bear squeeze coming and watch some of here run for the hills never to be seen again when prem breaks 1p .
tiem to be brave and buy before the r ush starts from mid week onawards
Well usa are rocketing up https://www.counterpointresearch.com/us-ev-sales-q1-2023/
and china coming to Europe , so i reckon china will need a to produce a lot of batteries as it takes Europe
https://www.scmp.com/business/china-business/article/3223875/chinese-electric-cars-capture-15-cent-european-market-2025-leap-forward-exports-kpmg-economist
Raydaar
i don't believe the mas production will be at only 5% , i am sure we wil lget about or just a little under 6% , i reckon we can beat pilbara , but it is not certain yet. however the iron levels etc make this a very favourable material to produce in zulu .
Y ou may say the ramp up in volume will also be a ramp up in grade , so as long as we get to 4000 tonnes a month of say > 5.5% by December that will be great
Raydaar i was about to post on here but beaten to it .
I don't think Pilbara have processing ability themslfs.
the normal is to ship to China to process , thats what most companies do and in time that may change.
But Prrem look nearly set up to go very big
Redtrade thanks for posting . It is a must watch for prem holders and for those concerned about grades . One slide incredibly shows the grades from producers like Pilbara . Most lithium producers produce below 6% , like Pilbara average is 5.3% . They still sell it all , you just get a little less for the lower quality . So all the panick if the first run is only 5% is misplaced hysteria . You would expect first run to be 4-5% , it’s not a big deal when we seen the new Uv sorter has been installed and is designed to boost the % . Also you can reprocess in final two stages if you need to boost production .
So getting bs in, we need to focus on the upcoming canmax deal . Can prem get a prolonged deal , multi year . Prem being vertically integrated into this multibillion company can only be good . Also spodumene price has fallen in last two weeks whilist lithium hydroxide is rising . You got to give credit that George is smart at getting a good deal and canmax are a great company to partner . I see this upcoming deal as both companies do well .
We forget Epo is massive , the Epo trenches look full of lithium . Canmax have a director at Zulu and can see the massive potential . So prem are at a great price to get in before Fomo next week
Roman , just my point you guys are obesessed with something that does not matter . New kit is being installed like the uv sorter designed to give us sc6 . So it matters not what the old bags were on first run some three weeks ago . What matters is with new kit what can prem achieve
It still surprises me the armchair experts as others refer to them .
I had dinner this week with George and CEO of Stark .
Stark confident that the problems we worry about will be fixed . he was very confident and i felt reassured . he was such a wise man and such an expert on processing ore .
I believe concerns about what are in the bags are misplaced , because i dotn think it matters .. Clearly from George interview a deal will get completed and Canmax will provide money upfront to see prem through till full production.
As it is highly likely can max will provide upfront money , they are satisfied with prem , so why are so many talking about these bags . it seems an obsession of doom has got people thinking wrongly.
I bet in two weeks you won,t mention them again .
all that matters is what exactly is in the deal and how much can prem produce.
most of you will have ignored the big news a week ago , that prem intends to produce 10,000 tonnes a month of spodumene from next summer . that is 120,000 tonnes of Spodumene which is 16,000 tonnes of Lithium hydroxide which gives Prem a profit share of around $280m per annum
This is what you should be focusing as clever investors will be , not whats inthe bags.