Premier African Minerals - PREM Stream Log

No one can see your posts, sub 2p no way.

the next few weeks will be a great opportunity to buy in sub 2p i can see this share hitting 10-15p by year end when zulu comes online + rha under/g

i think we will get no rns this month on production

pxs

Comparing RHA's plant with Hemerdon's is like comparing chalk and cheese. Hemerdon is mining a massive tonnage of very low grade ore in a bespoke plant, RHA is mining a relatively low tonnage of high grade ore, meaning the tuning of the plant is very different to Hemerdon's which has 3 streams. Finally the RHA plant s a modular plant that has already been dry commissioned in the factory, so its a case of putting it together like Meccano, running it up and tning it - its a very simple gravity seperation making that a straightforward task. Personally, I am a qualified mining engineer who grew up in the area where gravity seperation techniques were mastered with shareholdings in both Prem and WLFE, so I like to think I am being objective in my opinion.

O/T: OXS info: Jeeroy news 27 Apr. Check Oxus Gold today

axm

For those confused; The bridge facility is the $250,000 announced today, that is repayable to George on completion of the main financing (So probably in the next couple ot weeks). The larger loan ($766k) will be repaid to George after ALL OTHER DEBT has been paid off. The terms that George has offered the loan on are great at what amounts to 3.5% - A mining project would never get senior debt financing at that rate, let alone a bridging loan! Finally George has the option to convert those loans into shares.

To the poster who is rating mining stocks by averaging the sectors SP and comparing individual stocks SP against this average - please, just stop!

*1500 Metres that is