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My question about the size compared to Pilbara is telling , George said production coudl go up 3 or 4 times , so may be 200,000 tonnes a year.
If PREM need say $1m until they get paid i reckon banks will fall over themselfs to lend , so dotn worry no placing coming . but based on last placing it would be at a premium .
Fore those not yet seen the videos coming out from Zulu thety are stunnign .
some concern raised by craig about whether the plant is operating . I have checked on this and Craig it is nto what yout hink
the plant is currently operational and ore is flowing through the plant . but from time to time it is stopped either due to the odd blockage abut more importantly to optimise the plant .
So it appears all is going well . I am sure Mark will show a lot more later today and tomorrow .
Tomorrow we have the live presentation from Zulu which should be great
Craig , i think he said there was some blockage in flotation which was getting fixed , giving the impression that they had been producing and woudl be again soon . but I am sure Mark will clarify . you got to hand it to Mark , what an amazing job he is doing .
Excellent assessment of the Mm holding this , we must get news next week . It’s great to see Mark Fairbairn from stock box taking the effort to travel to Zulu . We should be hearing from him over weekend and his show on Monday .
Hopefully he can answer a lot of questions we have .
great video today .
really looking forward to Mark fairbairn visit to Zulu . lots to come from this and hoping we see lots of detail
such an exciting time .
If you glance at possible revenue figures PREM is far far to cheap .
Three scenarios for this year
1. base case is production 50000 tonnes spod a year : av price received $3800 : year revenue $190m (£155m)
2. expected case : prod 60,000 tonnes a yr , price $4100 revenue $240m (£196m)
3, Top level : prod 75,000 : price $4300 revenue $322m (£260m)
PREM market cap £215m
Going to moon , , you left your brain on the moon. Todays rns is a brilliant way prem raised the £500,000 needed through employers paying for their options . This also explains the 75 m trade yesterday . So as said earlier all now set for good news , all very clever and ready to attack 1 p again .
Well done George
Acker ,
Fully agree , look overnight at non battery grade lithium carbonate 99.2% , it’s up 5% just since yesterday .
I think this type of lithium rises first then 99.5% battery grade , then spidumene . Agree changing quicker than I thought . This is very good news for prem
https://www.metal.com/Lithium/201905160001
Lithium went up yesterday for first tiem this year
It looks like prices have bottomed and should now pick up and this is very good for prem and spodumene . last week Sand p reported spodumene back above $5000 a tone which is excellent for prem
https://www.mining.com/web/chinese-lithium-price-finally-ticks-up-after-five-month-slide/
no its not a sell its an uncrossed trade as others have said .
I am getting positive feelings about where prem are going and expect May to be a great Month for prem . New shareholders are going to do very well and pleased some are selling to let others buy at this bargain level.
Everyday since December lithium carbonate has fallen , but in last two days we can see lithium 99.2% has stopped falling and actually started to rise . So hopefully this is where we see lithium 99.5% and spodumene now put in a floor and rise l experts thought come q2 we would start to see a rise .
Great for prem
https://www.metal.com/Lithium/201905160001
yes , this is old news in that we discussed this at length about two months ago. this was to stop artizan miners exporting lithium ore , prem are concentrating the ore through their processing plant which was built with a license from zim gvt to export , so prem are all good and ready to export .