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Tiger, I have full faith in Leon to make the right decision with Tjate. I am merely highlighting there is good value here and does not appear to be factored into the share price. This can only be good news for us shareholders as at some point the value will materialise and according to recent webcasts this may be closer than we think!
Tiger I believe the % is 63% but I don't believe the shareholders should be that negative about the value of Tjate. After all Anglo Platinum and Impala Platinum both have mines each side of Tjate and I never heard any complaints about the difficulty of mining the ore body.In fact both did well out of their mines and there is talk of reviving the mining. I believe from that point of view Tjate is pretty well positioned.
Hi MIkieSunday! First, Tjate isn't UG2 ore, so it will have a MUCH lower rhodium content, and accordingly a much lower PGM basket price. Possibly half your figure. Also, remember JLP own only 64% (I think, from memory) of it. And it is very deep and not easy to mine, so costs would be high. And it would take years to get it to production, and who knows where PGM prices will be by then? And mining is outside JLP's area of expertise. All told, if there were a reasonable offer for it, I'd take it and invest the money in other projects with much quicker paybacks.
I completely agree Bobbin, 70M Oz with a street value around £4,000 per Oz ( basket price). You have to turn the phone sideways to do that calculation!! There is huge value here! It may not be the easiest, cheapest mine, but at current prices the end value is there. Looking at analyst forecasts the basket price is only going to rise. It would appear we are entering the electric era, but most are forecasting hydrogen superseding electricity putting even more pressure on PGMs. This is a precious asset in my view, but what’s great- it appears to have absolutely no recognition in the share price. Sell it or mine it? Either way it is going to be a great bonus, that is not factored in. Those that say Jubes can’t afford to mine it are wrong- cash flow will be plentiful in 2/3 years. Just a case of waiting! Those that argue a sale now would be beneficial to development are correct. This is a win win asset, In my view, I just guess it depends on your time horizon, short term favours the sale, long term favours a shovel! I am guessing we will find out soon due to recent hints from Colin and Leon.
Hi Craig.I was not suggesting that Jlp develop tjate just the fact that imo it has a lot of value for someone.How many undeveloped/unknown deposite of pgms are there in the world?it is a finite resource ,I am of the opinion that hydridgen is the future probably not in my lifetime as I am 77 .sorry I can't copy &a post but I read that an ICE car uses 5grams of pl , a fuel cell car uses 50grams scientists inDenmark say they can get this down to 5grams and that the food gates will open for fuel cell Cars in the future.If the world needs pmgs then then tjate with70mil ounces must be worth a fortune and there is no value in the sp for it at the moment.just my opinion hope this helps.BOB
Spot on, Craig. I continue to attribute no value to Tjate in my calculations. The only ways to monetise the asset are eithe aJV or outright sale, preferably packaged up with a neighbour. As far as the latter is concerned, it would require a buyer with very deep pockets and a very long term view. I am not saying that such a buyer might not emerge, presumably from China, but there have been precious few straws in the wind. Also, I cannot see a mining operation starting from scratch that leaves an economivally significant amount of metal in the tailings. Similarly, I think the basket price of PGMs will have to increase quite a bit more before a JV becomes even remotely feasible. I hope I'm wrong about Tjate, but meanwhile let's get on with what we do so well.
I have to ask this question every time the discussion regarding Tjate comes up.
Why would we want to invest in a mine, that will cost billions and years to build, when we could identify and develop low cost tailings recovery projects that will almost certainly return the investment sooner and be executed at much lower risk.
JLP certainly could not, in anything but the very long term, afford to develop this mine on their own, and at the expense of abandoning lucrative tailings projects that have a much lower cost of entry, lower risk, quicker return on investment and most likely a better return on investment.
I obviously do not know the opinions of Leon/Colin regarding this but a partner to do the heavy financial lifting would be the ideal scenario, but that leaves a couple of questions in my mind
1. What percentage of the project would they have to surrender in a joint venture? 2. Have they been looking for a JV partner, and if so for how long? 3. If they are looking for a partner as above, given the PGM estimates, why haven't they found one, is it because companies that could afford to finance this sort of venture do not see a good return?
Surely the best return we could get from this project is to sell it with clauses that would return the tailings to JPL for processing but there is even a risk there as can we really guarantee that the tailings would be be rich enough in PGMs to make them worth reprocessing?
Hi everyone :-) Been awhile since posting here...Great to see some old familiar names here and even better to see JLP SP finally having its day and LT investors being rewarded. Has anyone seen/heard from Kalan?? Enjoyed his knowledge/posts...
Hydrogen creation is currently costly in terms of energy consumption and also much of what is currently produced creates greenhouse gasses as a by-product, so it’s not an ideal solution to replace gasoline in the near term. I’m sure you’re right that in the future, once ways are found to generate cheap renewable hydrogen then it will be a much better solution but who knows how long that could take.
I am sure you’re right Sumo. Potential use of PGMs in fuel cells is huge. The hydrogen economy is lagging behind lithium cells as far as EVs are concerned, but not by much. It’s a cost issue. In the longer term it’s my belief that hydrogen will dominate in all aspects of energy production, storage and deployment. Unfortunately I may not live to see it!
I have read that there is the potential to use PGM’s to improve performance in lithium batteries used in EV’s but I don’t know how advanced that research is or how likely it is to happen. That would make a difference for sure if it becomes a reality. Happy to be corrected if I’m wrong on PGM future usage.
SeisNav I believe you are wrong .Yes PGM's use depends on the automotive market to a very large extent BUT from what i have heard, and read, the use of electric vehicles will increase(not reduce) the need for more PGM,s and will also provide a greater need for copper. I understand that cobalt is a basic necessity for car batteries but I am not sure why PGM's and copper are VERY important for the electric automotive industry. IF I am right I would be grateful if somebody with the necessary knowledge could explain why demand for PGM's is expected increase in the future.
How long will that demand for PGM’s be maintained? Something like 40% of PGMs go towards the automotive market so what happens when we transition into electric vehicles and that demand for catalytic converters, spark plugs etc is no longer there. Obviously there are other uses for PGM’s but it will have a huge impact on price in the longer term. Would you want to invest billions in a mine knowing that? Fortunately we are in the ideal position to exploit the short term demand in PGMs and also the longer term demand for copper... win-win situation!
IMO, it has,with the pgm basket price at a modest $2000 /oz and an estimated 70mil oz that's a lot of money,does the world need pgms,you bet it does every thing I read tells me the world is short of pgms ,therefore if we use the standard of supply and demand then imo it is worth a fortune to someone,estimates of $3billion to develop is not a lot when you consider the money spent on COVID,if the world needs it for ESG then we have to pay.Any views appreciated .BOB