Post this morning from Zulu on lse- good summary
SP projections:
Based at share cap: With current $/£ exchange rates.
RHA = $6m/y profit. 1.21p from July initially. PE10. Rising as we establish into profits to mining average PE25 = 3.02p. 40 year life of mine. Tungsten prices have already risen 10%, and set to continue so we can expect +30% more profit here due to our margins.
TCT = 0.2p alone just from the forestry. Revenue imminent.
But Zulu is the company maker....we are about to announce next month a resource that is a world-class deposit in the Lithium sector. A simple comparison to BGS's deposit n Mali who got $107m offer for their land with a resource only 1/3rd of our size indicates we could be looking at a very large pay-off.
Even if PREM went for a quick distressed sell, at just the same price as the BGS deposit - this would equal a share price of 2.16p at our share cap. BGS also only had a resource statement.
Keep in mind that the transaction fell through, and that company are still looking for a Lithium deposit! Why wouldn't they want our triple sized, better located resource for the same price? It'd be their lucky day if they managed to buy us for only $107m. If they gave us a dollar for dollar amount per tonne of contained Lithium? - You're talking $300m - equiv SP of 7.5p at share cap.
Don't be mistaken. Zulu is a world-class Lithium resource, and we're proving it at the perfect time when Lithium prices are soaring and companies are scrambling to secure future supply.
Indaba conference on Monday, and our big pitch is on Tuesday to the biggest mining/investment companies in the world. It's incredible publicity for us. Who knows who will invest/buy on the back of it...
With official Darwin gone RNS coming out Mon/Tue too, and further Zulu assays - this next week is going to be transformational for the share price imo.
Darwin Last tranche cancelled (didn't need a further £1 million funding), great news. RHA fully funded going into production. $180,000 forecasted monthly profits increasing to $500,000 in a few months. RHA owe us $20 million. TCT projected annual profit of £1.2 million and is now self supporting. 2% stake in Circum which is valued to be anything from $10-40 million. Cabinet to sign off imminently. Zulu potentially one of the biggest Lithium mines in the world and could be valued in the billions of dollars. Awaiting further drill results, which again is imminent, together with the Maiden Lithium Resource Report. Recently had 20 plus meetings. JV or sale could come quite quickly when Report comes out.
Premier African Minerals Limited, the AIM-traded, multi-commodity resource and development Company focused on Southern and Western Africa, announces that the X-Ray Transmission (XRT) has arrived on site at RHA and is currently being assembled and integrated.
George Roach, Chairman and CEO commented: "The XRT sorter is an important part of the upgrades and improvements made to the plant and I am pleased to say that the installation is progressing well and that we are on track for first production this quarter.
''In parallel to the plant upgrades, we have built up a significant stockpile of run of mine ore and are continuing to make excellent progress with the underground mine development as well as getting ready for the restart of the open pit mining operations early next month."