Premier African Minerals Share Discussion Threads

[driver101] 19/6/2017 16:51

pauliewonder

Cheers

[pauliewonder] 19/6/2017 16:49

Problem with a third party provider apparently. Trades won't be showing today, doesn't mean there weren't any. It's affecting all aim stocks

[driver101] 19/6/2017 15:27

No trades ?

[ihavenoclue] 17/6/2017 16:33

barnet ... I agree apart from the tax part ... all of mine in either an ISA or a SIPP ;)

[tedoby2] 17/6/2017 11:21

Excellent research Donald. Thank you.

Just look at the LCE price chart!

GLA

[barnetpeter] 17/6/2017 11:19

utter rubbish here. Got too much in prem........it struggles to rise even when an "excellent results" rns is issued. Still, as ihavenoclue explains we would not want to see a gwmo fivefold here as that would make us lots of money and we would have tax to pay rather than the losses prem seems to specialise in.

[donald tramp] 17/6/2017 10:38

Sit back and wait for the fireworks.

[ihavenoclue] 16/6/2017 19:47

It's a good job I am invested in Stable reliable PREM. Some shares have quadrupled recently on results far smaller than PREM's but here we don't want to do anything reckless like that !!

I am sure our time will come :)

[tedoby2] 16/6/2017 12:52

euclid5 from the RNS the market price of LCE we were given was $13,000/tonne. By calculation the market price of Li2O is therefore just over $32,000/tonne.

The conversion from Li2O to LCE is x 2.473 which is where we get the 526,000 tonnes of LCE from. Again this was given in the RNS. 213,195t's Li2O x 2.473 = 526,000t's LCE

So in just the first 1200m part of the strike we have 526,000t's LCE x $13,000/t =$6.84bn "in ground" value for the Lithium.

Add the Tantalum to that and we're looking at approximately $7bn "in ground" total value in the 1200m scoped.I believe the market price for Tantalum is approximately $130,000/t and we have just over 1,000t's in our analysis.

It'll be very interesting to see what the estimates for Capex and Opex are that are currently being worked on

AIMHO

[1madmarky] 16/6/2017 11:59

Additionally we can make glass! Not worth much but if the process flow is worked out correctly.....another product can be sold.

[euclid5] 16/6/2017 11:09

we are in the ground still so any buyer will not purchase this based on the selling price as they have to take account of the capex costs to extract it over so many years

Birimian got something like £247 per tonne bid

our gross value is somewhere like £1.5b on 212k tonnes x $9k / 1.27 div4.4b shs = 34p

[donald tramp] 16/6/2017 10:52

Lithium around $9,000 a metric tonne, do the math!

[mike_f] 16/6/2017 10:52

Makes me laugh...1,887,504 purchased at 10.14amSame amount sold at 10.43amThese are the sort of fickle investors we are dealing with at the moment lol

[shirley83] 16/6/2017 10:46

Selling too strong and not enough volume.. Another sell on news

[edgein] 16/6/2017 10:37

Elucid,

From the maiden resource report:

Highlights:

-- Maiden SAMREC Compliant Inferred Mineral Resource Estimate of 20.1 million tonnes @ 1.06 % Li(2) O and 51 ppm Ta(2) O(5) using a cut-off grade of 0.5% Li(2) O.

-- Containing 526,000 tonnes of Lithium Carbonate Equivalent ("LCE") and 1,025 tonnes of Tantalum Pentoxide.

-- Maiden Resource Estimate covers only 35% of Zulu's known 3.5km surface strike length and drilling continues to upgrade and expand this Mineral Resource Estimate.

-- Deposit remains open at depth and along strike.
-- Exploration target has the potential to increase the maiden Mineral Resource Estimate.
-- Metallurgical test work underway.

Regards,
Ed.

[euclid5] 16/6/2017 10:22

spodumene pegmatite achieved an overall lithium recovery of 81.8% and a concentrate containing 6.5% Li₂O

The best flotation test work on a mixed pegmatite sample achieved a spodumene concentrate containing 5.9% Li₂O

Inferred Mineral Resource Estimate at Zulu of 20.1 million tonnes grading 1.06% Li2O on only a part of the 3.5km strike length of the Zulu project

Gives them so far 213,000 tonnes in the ground worth of Lithium

[billthebank] 16/6/2017 09:55

Still think this could reach .7p in a short space of time as people wake up to the PREM story.TBH George has only gone and invested a huuuge amount of money in here.In excess of £200k from memory

[ihavenoclue] 16/6/2017 09:50

News will help shift the overhang quicker ... need selling to dry up .. come on Prem :)

[billthebank] 16/6/2017 09:49

patience Paulie.20k tonnes is only the start.This will be ramped up inside 4 months. Circum Zulu RAH $20M debtor.This is an easy double this year if not trebled IMO.I reckon it is Zimbabwe that is holding this back and nowt else!!!

[mike_f] 16/6/2017 09:43

Just buys coming in now, hopefully a nice build to an afternoon rise. GLA

[shirley83] 16/6/2017 09:36

News will spread.. Only one way and that's up.. More news to come

[mike_f] 16/6/2017 09:28

Nor me paulie... amazed we haven't seen huge volume already on that news with new investors jumping onboard. Prospects here are fantastic. Not one to normally agree with people when they say this but there is every chance we could be taken out with a low ball offer looking at the market cap...

[pauliewonder] 16/6/2017 09:22

Cannot believe the share price is still so low!!

[shirley83] 16/6/2017 09:19

Huge lithium grades no wonder he is happy