Premier African Minerals Share Discussion Threads

[donald tramp] 13/11/2017 12:23

timw313 Nov '17 - 11:38 - 6123 of 6123 0 0 (Filtered)

[timw3] 13/11/2017 11:38

Book just shifted positive. Could see a good move up now

[edgein] 13/11/2017 10:21

Vitec,

Hopefully you'll be back before the action starts. Not just the PEA ongoing now too as GR said in the last couple of interviews we've now drilled double the amount of holes that got us the maiden resource of 20Mt (interview from September so even more drilled since) and its been a while since we received assays for the continuous drilling. So more assays and an eventual upgrade to the maiden resource due at some point too. We're likely fast closing in on the announcement of profitable production from RHA too, also expected this Q.

Regards,
Ed.

[vitec] 13/11/2017 08:46

Forwood, you are intuitive. I try not whilst having a break. It is self imposed but the wife isn't keen on me doing it. I can use limit orders and have placed one at the 1p point.

[donald tramp] 13/11/2017 08:39

Sometimes that might be a blessing in disguise.

Enjoy your break.

[forwood] 13/11/2017 08:31

Other halves generally not supportive of trading while you're supposed to be having fun together. Limit order?

[vitec] 13/11/2017 08:27

Thanks Jung. As Buzz Lightyear would say "to infinity and beyond"

[jungmana] 13/11/2017 08:25

Vitec- enjoy your break. We will look after prem whilst you are away. Hopefully by time you get back this is 1p+

[vitec] 13/11/2017 08:12

I am out of action this week as I am going away and I might not be able to use the internet. The wife wants me to have a break. The irony is I have been waiting for the PEA and for PREM to pop and it could happen whilst I am away. Such is life!!

[jungmana] 13/11/2017 08:10

This is PEA week imo. Gla

[doctor 69] 13/11/2017 08:00

Ok got my extra 2.5 m

[doctor 69] 13/11/2017 06:37

Quiet before the perfect storm

[pooler1] 11/11/2017 20:31

From their June Quarterly Review of Activities.

www.prospectresources.com.au/sites/default/files/financial_report_file/june-q-clean.pdf

As with the March Quarter, much of the quarter was spent on completing the Pre-Feasibility Study (PFS)
for the Company’s Arcadia Lithium Project.
Shareholders will also be aware that we have delivered Arcadia’s first product samples to potential
customers in Asia, Europe and the US. I am pleased to say that demand has out stripped supply of our
samples and so we are now preparing additional samples for delivery to more potential customers. Our
team will be back in Asia in the coming weeks to continue discussions with potential customers and to
meet prospective customers.

[molatovkid] 11/11/2017 20:31

A major partner is attractive not only for the cash they can throw at a project to bring it to market but also they can stand up to any potential political interference better....

[mike_f] 11/11/2017 10:03

The Capex is what's so attractive about Zim assets. I am very hopeful that large players have been knocking on GR's door and that we'll secure a handsome JV/TO. An offtake agreement is great also if you can receive funds in advance to construct the mine but I'd rather see a major come in and take the bull by the horns and we have a free carry. Looking forward to next week! GLA

[pooler1] 11/11/2017 09:15

Pre-Feasibility Study Completed – on track for development to become a vertically integrated lithium producer
Following completion of the Pre Feasibility Study in June 2017, the Company is now focusing on securing offtake and funding plans for development of Arcadia towards production, anticipate in the 3Q of 2018.

Key outcomes of the PFS include a Life of Mine (LOM) of 15 year Life of Mine based on an Ore Reserve of 15.8Mt grading 1.34% Li2O and 124ppm Ta2O5. Cash costs of USD 260/t lithia concentrate produced are envisaged over the LoM and a low start up CAPEX of USD 52.5 Million is envisaged.

Edit: Thanks to Donald for link.

www.prospectresources.com.au/projects/arcadia-lithium-project/jorc-mineral-resource-ore-reserves

[doctor 69] 11/11/2017 08:44

Any idea how prospect size compares to zulu

[donald tramp] 10/11/2017 18:59

This is very good news for us.

Maybe we could crunch a deal like this when we are a bit further down the road.

[donald tramp] 10/11/2017 17:23

"The fact is the share price has risen even in the light of all of the selling. We have been through this cycle before."

Thats a very valid point vitec.

[dodge city] 10/11/2017 16:28

Don't worry this will soon be 10p.

[ihavenoclue] 10/11/2017 16:23

forwood ... have to be drip fed or price will crash

[vitec] 10/11/2017 15:59

Darwin are funders not holders of shares. They make their money by recycling the money they have available. If they were to hold onto all of the companies shares they fund they would have no money left. It is as simple as that.

It makes no difference in the long term whether Darwin had the shares to sell as the assets will speak for themselves. The fact is the share price has risen even in the light of all of the selling. We have been through this cycle before.

[forwood] 10/11/2017 15:35

Am happy to go with the notion that the PEA has been delivered and the co is mulling next steps. Might be reasonable to expect some news on Monday. Much later and holders will get twitchy.