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Shurething, the question wouldn't be asked if it wasn't for the fact GR has said in the past they can't... That said there was some talk a couple of years ago about a road been completed that provides better access to Zulu, not sure if that would make a difference.

Wolf

Agreed Bick, if the drilling campaign isn't completed in 2021... the rainy season will extend the deadline for DFS completion from 14 to at least 18 months.

Building bund Well's isn't the answer;-) GR needs to complete the drilling program in 2021 inorder to complete DFS in the second quarter of 2022.

Agreed Bick, the rainy season starts in November so that gives GR less than six months to complete the drilling program... If the drilling program is extended the DFS will be extended too.

Wolf

In a years time GR will be either getting the begging bowl out again, or he will have redeemed him self.

Wolf

Snowking, you sound like George!! When will you realise there is only one asset worth backing?
that Circum carrot is well past it's sell date.

Wolf

Bick, that would read true to form going on past experience, I'm hoping GR has learnt from past mistakes because he isn't getting any younger... RHA has been very badly handled to say the least and money ring fenced for Zulu DFS was squandered on a white elephant called Circum minerals... Investment in MNH hasn't generated any income for PREM in two years, so he would best stay clear of that one until Manganese price recovers... George has the opportunity now to focus his attention on a assets that can return value for once.
Do leopards change their spots... No, if people had never learnt from past mistakes, where would the Humane rase be now.

Wolf

Acker, at least this raise has your approval ;-) unlike the last one.

Ray, the 5 billion head room would be supported as long as GR can focus his attention on an asset that can return value... I await the next RNS.

Wolf

Snowking, you make it sound so plausible and it is as long as you leave George out of the equation!!! I'm waiting to hear if GR is going to focus his attention solely on Zulu DFS... If not I'm out the next time you and your cronies orchestrate a P&D.

Wolf

Not sure why people expect an RNS today... after the 7th of May GR will be in a position to update the market on the funding for Zulu DFS and map out the project.

Wolf

Phones playing up, pod86... If you average down now your guaranteed a good return, when the first results for drilling come out... Personally I'm waiting for DFS though, for the big bucks.

Wolf

Pod86Pod868

Not sure... I'm a lone wolf.... and never been interested in private groups... You take your chances balanced against your research.

Wolf

I've been too busy buying in small increments, no wish to push the share price, waiting for the next leg up.

Wolf

I disagree... I can understand why you would come to that conclusion balanced against Past experience with Uramin and Circum... I personally think GR will always retain a % of ZULU, given lithium is the next white gold.

Wolf

If I remember correctly a separate listing for Zulu would cost around 6 million... that's more than the funding for DFS... I don't see that happening unless GR goes with a JV now with very deep pockets.

Wolf

Mugwump, why would GR say the cost of DFS would be 5 million, if DFS could be achieved for 2 million?

Wolf

Acker, I'm sure if GR raised the head room by 20/30/40 million that would best suite your trading mantra? Do you recall the last time GR raised!! and you called out those that supported it.
Snowking are you seriously suggesting GR could retain 100% of ZULU at DFS and fund 60/70 million to develop the mine?

Wolf

Unfortunately I don't believe today's drop has anything to do with the MMs, it's more about GRs reputation and inability to deliver on any of the assets in the past... PREMs a traders paradise and will remain so until GR can provide evidence he can deliver on ZULU, without using ZULU as a dangling carrot to prop up other assets.

Wolf