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Careful Acker, I have recommended two of your posts in one day ;-)

Agreed Acker, I only agree with you because GR hasn't took MNH off the menu though... If he had we would all be looking at a much brighter future.

Acker, go stand in the corner with George and snowking... your not making sense.

Wolf

Johnny, if it's any consolation I agree.. it's hard to argue with Bicks last post tho.

Zulu is a monster... the demand in lithium will determine its future and outcome... not GRs history.

Wolf

Bick, a thorn in PREMs side ;) that rings a bell... I'm starting to question why would a JV commit X amount into Zulu, when any more involvement in MNH would be a drag on the SP!!
Could we be looking at a Zulu spinoff.

Wolf

Shinyshiiny, how do you see it... have you one foot on the track.

Wolf

DC, don't become to fixated on George... time is moving on and we'll see a good return ;-)

DC, in London GR said we hold 19% of a profitable mine... That was a porky... if he buys MNH all will become apparent and he will be a laughing stock.

Even dredging a gold mine had a negative affect on the SP

True Acker, and there hasn't been a more sensitive time in PREMS history... I don't think he will.

Acker, in your humble opinion what impact do you think acquiring MNH would have on the SP.

Bick I think if that was the case you would see large selling by James goozee, I don't think he would stand by and watch his investment disappear.

The one thing that's hard to predict is the price of spodumene when the DFS is completed.... I think it's safe to say the price will be much higher than it is now though.

Wolf

Philip, that is the most likely scenario... If the EPO can push the SP past .4 the Chinese buying Zulu will go well past 1p.

Good luck everyone

Wolf

Bick, I think 2p within 12 months is achievable... the big demand for lithium hasn't even started yet, take the UK for example in 2025 who in their right mind would buy a new petrol or diesel car only to see it's value drop like a stone and reduced to scrap metal in as little as five years, you would have to be crazy to buy one on finance and the second hand car market will suffer too... The Chinese are very clever people and they know this... Don't concentrat on GR, or you will miss all that heavenly glory.

Wolf

Thanks Bick, realistically then GR will never get a JV to build a mine for just 20% of Zulu... it will be interesting hear what snowking thinks.

Bick, the cost of building a mine in the developed world can go into crazy figures... remember Sirius, don't you think it will be considerably cheaper in Zimbabwe.

Cherryburn, the figure that's been banded around is 70 to 100mil for the cost of building the mine... anyone paying for that would insist on at least 51% and for George to take a long vacation... there is good road and rail infrastructure with power close by that will need upgrading, Zulu is after all only 10 kilometer from Bulawayo.
I don't think GR will do a deal until the DFS is completed... then it will be sold.

Wolf

Acker, any good news regarding MNH would only be treated as bad when you look at GRs history... the market will only respond positively to good news on Zulu.

Wolf

Don't tell me you have a direct line like snowking!! big buys will take advantage of lows based on research and the projected demand for lithium in the future at Zulu.

Wolf