One of the most underrated companies on AIM - CEO George Roach has a vested interest in the stock - he owns approx 30%.
The RHA Tungsten mine is producing at one of (if not the lowest) price in the world $89 mtu - Prem have recently done a placing to fund the expansion of the mine underground to start greater production and quality amounts whilst Tungsten is at Rock bottom -Tung heavily in demand will rebound very sharply from here I believe - it was 2x it's current price 6 months ago. (hence the drop in the SP) and we are due to find out very soon how that has been coming along. Life of mine is 15 years. Prem 100% owner of mine - owed approx 14m by Prem subsidiary RHA ltd (lent by Prem to RHA to get the mine up and running) - when mine starts to reach profitability.
News due about Benin mine interests which we do not know too much about but is an area of 250km2 - a mixture of artisinally mined jewels and shallow vanadium, tantalum - not priced in.
Due to hear about the Lithium mine - Zulu - expecting to hear progress here. Not priced in..
As a safety net, PREM owns 2.15% of Circum minerals - potash mine in Ethiopia. This could be worth up to 20m to Prem when Circum sell this off expected anytime now till H1 2016 and after the mining licence has been confirmed - expecting news. Not priced in.
MCap of 5.5m is - as you can probably work out for a producing miner (with an extraordinary insurance policy in Circum) - totally and utterly ridiculous.
Current price is probably as low as it will get - expecting to reach 3.5 in 6 months.
All IMO - DYOR