Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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I am struggling to see where 2 million tonnes of chrome brings in 100 million dollars gross profit. That would suggest a gross margin of 50 dollars per ton.
The first 6 months of this year the gross margin for chrome was 17 dollars that is a big jump to 50 dollars and yes I know there has been increased chrome that is not at a toll margin.
I would guess (yes gotreal a guess as you have to with JLP figures) we would do well to hit between 30 to 40 dollars.
By the way I was right with my last guess that roan would be delayed and we wouldn't hit the copper target for this year never had a chance really on JLP's past performance on copper so it wasn't that hard to be right.
Oh well another 6 weeks to wait for the ever elusive copper to materialise.
Anyone care to elaborate how a gross margin of 50 dollars is achieved considering 40% is toll margin damned if I know.
Did- don’t, should have proof read!
You know, i did think you will be far off HD. Especially when you consider how many PGM’s should be produced at that point! The only kicker is neither new module will have a full year. Using the margin from the first half ( $23.18) x408710 ( 3rd quarter chrome production) chrome earnings for the third quarter would be $9, 473,897.8. I believe chrome prices hardened in the third quarter, do likely to be over $10M. Plus we know PGM’s hardened a little. This means the SA business is doing very well and more than supports the current share price on its own! Especially when you factor in another 2 modules! Share price should be way higher just on SA!
Nice find Frog... more pressure coming on Copper prices.
Another 130 000 tons off the market.
Doesn't seem that much this could be the tipping point that shoots Copper to the moon.
Also remember Jubilee will have an additional 20 000 ounces of PgMs material that they could send to for tolling if prices permit.
I said from Chrome and PGMs Sumoskier.
Yes PGMs are suppressed for now but not for much longer imo.
Half of Chrome is on toll pricing so the overall profit is not going to be $100m but still agree the market is not clear on the benefit of processing our own reefs!
You're happy to Happy!
100 000 000 million dollar profits on chrome and pgms not far off then there's COPPER.
From what I remember Jubilee traded as high as 22p when we hit 50 000 000 profit.
So by end of next year we could be a 50p company.
In March 2024 Jubilee’s chrome concentrate production was 145 102T
So 145 102 x 12 = 1 741 224 per annum.
Now you add the additional 300 000 coming in August and the next 300 000 by year end you looking at over 2 340 000T per annum!!
The market is sleeping on this.
HTtps://www.mining.com/web/congo-copper-mine-suspended-amid-radiation-concerns/
They certainly are pushing to gain a strong position in Zambia. Of course it might also open up opportunities for Jubilee as well, KCM s l a g dumps and tailings etc.
Interesting article Seis. If IRH move in for KCM and elsewhere I can see them investing in transport infrastructure too, for the benefit of everyone operating in Zambia.
Excellent description dinlo1. Some of our fans not happy at the appointment but ticket sales for Saturdays match are soaring after the announcement - the blokes got something but I wouldn't want to catch it lol.
LUFC - the bloke with a season ticket next to me travels up from Woking, he has a season ticket but doesn't always get up because of the trains. He's seen us win once this season but he's buying a season ticket for next season - he'd make a good JLP investor, optimistic to the last!
Just listened to Roast for 3rd time trying to work out what is realistic target for copper FY 24/25. Assuming Roan finally gets switched on in May that is c13 kt of concentrate some (5kt?) of which will go to Sable for refining. Is it realistic to expect Sable to produce an additional 7 to 12 kt of copper in addition to make guidance for the full year 20 to 25kt? Or am I being too. Optimistic?
Https://ca.finance.yahoo.com/news/exclusive-uae-giant-eyes-majority-050414211.html?guccounter=1
Love Steve Evans , short, fat and fiery
As Mikie pointed out a few weeks ago some Copper producers are up 200% in the last few months!!
Imagine that???
Don't get me started Frog... anything negative said here and you get shot down from a dizzy height.
Just wish we were already producing that elusive 1000t per month!!
Well I'm snapping them up in this years ISA and getting them in before the market eventually wakes up. :)
Why is that do you think HD43?
Unbelievable the market isn't snapping up these cheap shares. ESPECIALLY AT COPPER PRICES. A bit shocked at the moment.
Seis, looks like all the copper predictions starting to materialise! Keep signing up the small miners and we should be able to produce copper solution for fun.
Remember we don't get full LME price for sulphide concentrate sold to the market but with treatment and refining charges at such a low we should still get a very good price for it.
With copper prices only now in the foothills of Everest, the future of our company share price could go very high indeed.
If 25K tons are indeed a possibility & our cost are approximately $3,800/ton that makes a yearly profit of $155M @10K or $280M @ 15K/ton. COPPER ALONE!!
More than our current £203M market capitalization!! 🙏
Good luck chaps,
Cavey