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High geared,
There WAS deal between JLP and Anglo-American, for Quartzhill, but they got greedy and tried to stiff us thinking the company will fold and they'd probably pick all three of the Tjate farms up the chump change. Quartzhill is deeper than the other 2 reefs on the other two farms and the 68 million ounces only came from 2 out of the three farms, if i remember rightly so. Quartzhill was and is next to useless for Jubilee in that term and would only be useful for Anglo-American due to its location next to Twickenham, which would extend the length of mine if it ever leaves care and maintenance and gets back to production, which seems unlikely at the moment or even in the near future and Implats Marula mine, which is currently temporarily shut down down to Coronavirus and is probably the one one who would like Quartzhill in the present and near or even longer future time line and selling to one customer doesn't give the best return.
Personally I don't think Tjate will be developed at all by ANYONE, unless one of the majors just wants to keep drilling into Quartzhill, but that would be it and we probably wouldn't get the 4.1 million that the deal outlined previously, as we are in a cash is king time and for the aforementioned reasons states above.
Personally I have done my research and I agree that there is NO WAY that Tjate can have ANY value ascribed to it, because it would cost between a billion and 1.5 billion pounds just to get a mine down to the upper 2 levels and with an NPV of between 1.5 billion and 2 billion pounds, it doesn't leave probably ANY meat on the bones for Jubilee, once other costs are added.
So if you do care to show me these tidbits that you say are readily available for investors, about a sale of Tjate, I would be all ears.
HighlyGeared
I think most would welcome your thoughts/clues on Tjate. Of course there is always the chance of a sale but you are already aware that the common consensus is that the chances are low. So you will understand most are skeptical on a potential divestment.
Please share your theory so we can commence with some constructive discussion.
Pardon me, but what have you ever contributed here?
You make my original point. Not worth the effort.
Haha. No. Just done my research so I know my facts. Unlike you.
I'll leave you to it. lol
WRONG PERCEPTION
Jubilee just want to get rid of Tjate at the best possible price. They will use the proceeds to push their processing growth in SA and Zambia. Maybe also in Nambia, which as you say, is their business. Lets stick to the point. Jubilee will flog Tjate because they are not miners, they are processors
BIG CLUE. The key point in any deal is Tjate's neighbours.
Sumoskier,
That is the point I'm attempting to make. The effect on Jubilees's finances and prospects will be transformational. All the time it is poo poo'd as some wacko theory by all the old duffers on here, there will be a misconception of Jubillee's immediate. prospects
Research leads me to believe that a deal for Tjate is being worked on with Tjate's neighbours and it will form a small part of a several hundred dollar million deal.
We'll see.
HG, surely the point is, if Tjate is sold, then it increases JLP value, at the moment nothing is in the SP for it?
I was thinking of putting a few clues on here ,with regard to a potential deal on Tjate, so that investors could dive deeper into information that is readily available, however on second thoughts it is not worth it. Most on here have such a firm pre-conceived belief, based on zero knowledge, that a deal for Tjate is not possible in the short term, that it would be "like fighting a feather". A waste of time and energy and just not worth it. The group think philosophy/herd mentality is alive and well here.
Good luck all.
Wait and see
Regards
HG
https://www.news24.com/fin24/companies/mining/sas-gold-industry-has-been-dying-slowly-for-years-platinum-may-be-next-20200809
An article published today regarding further investment in platinum mines.