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Yes, i noticed that number too. Definitely below$6,000 and i think he said all in. So i am guessing they are having to build in a purchase cost from the small miners. Still a very healthy margin, especially when you think a few small miners combined equate to a large mine! The cost of a large mine would be in comprehendible. This is incredible business and one that can be built one module at a time. My guess is we will be selling a lot of copper in solution.
Yes I noticed that number Edzi, although what he actually said was they had informed the market that all in costs would be below US$6,000 / tonne. I don’t know if he misspoke but he has certainly mentioned less than US$4,000 / tonne in the recent past. The number in the H1 report was US$4,554 / tonne and I would expect that to come down as Sable becomes fully utilised.
It certainly was. So dinosaurs then Mikie, Supersaurus and Barosaurus. Not sure I am ready for those heady heights just yet again.
The small mines (50) would require a bit more capital outlay as they would be too much for Sable so we would need to build more capacity as well as expand sable plus they have option to purchase the first two. Need a bit more meat on the bones for those before I get too excited but it does look very promising.
The ducks are starting to line up.
Hi All
I trust most on here have listened to the latest Sunday Roast podcast with Leon in South Africa.
May I ask if anyone picked up on the following, the reason I ask this is because I have severe tinnitus
and hearing loss and I have listened to the start of the podcast twice and think I heard the same thing.
They were talking about Roan and Copper once it got up and running and Leon said that the costs of
production for one ton of Copper would be $6000. I would like others to confirm this as I always thought
that the costs would be in the region of $3800 per ton ounce fully ramped up to nameplate capacity
Can someone please confirm that I miss heard. Many Thanks
Crikey, that was a while ago now Gray, but you know, i think the opportunity just in the small mine space, could dwarf the Elephants, on sheer volume of licences and grades! The grades are going to be so much better. Taking a combination of the elevated copper price, relatively low infrastructure cost of a module is going to allow a fairly rapid rollout. We are seeing a fairly rapid rollout in chrome now. Leon stated the next project is being prepared as the number of modules on Thutse increase. Free cash flow from here is going to increase. But the rewards in copper are much greater. Which will result in a much greater effort from Jubilee as we can now see unfolding. They have identified 50 small mines! My new buzzword is challenge 50, because if they get close to that figure, you can forget 50p, it will be much higher!
Also I do like your insight into trading and where you think the highs and lows are keep posting that if you don't mind.
Yes didn't post much. Lost interest when the tailings struggled. I was never in it for Tjate always thought that was a bit of a pipe dream with Colin's hype but liked the pgms (conroast lol). I tended to be in oil and gas back then JLP was my first foray into more solid minerals and then built up over time with copper.
I remember when all the elephants and leopards were flying around me and MIkie talking about 50p a share maybe more of course there were a lot less shares in issue then. Never traded on aim as sentiment can play a huge part. I have been on the right end and the wrong end of that. Good luck to you on trading charting does have its place and you probably benefitted from it more often than not.
About 5k tons per year from each of them by my understanding. At least 2 signed already and 40 odd more to go. That is a lot of copper.
Didn't realise you'd been around that long Gray1. Maybe the length of time gives us Long Term Sufferers a different perspective.
In the here and now, the inevitable pullback that Frogkid foretold looks like it's over, a close above 6.8p would be a nice solid finish, opening up the prospect of more gains in the near term.
Been in since the Middleburg days too. Its been a loooong time.
Middleburg, now you are going back!
Yes been a long time and highly educational. Got quite good at reading between the lines for example. JLP has always been an opportunistic company, I liked Leon's Sunday Roast interview where he said they were now PLANNING to be opportunists in relation to pgm,s. Stocking various grades of material and choosing which to put through depending on the market price. Sort of Colinesque at the root of it with Leon's need for control stamped onto it. We'll have Tjate up and running soon, taking the Merensky Reef first, powered by Power Alt at Middleberg lol.
Hi Kalan. Yes it has been a long time in here for us both!
Yearly chart 60% sure we have had another low put in- will check at close of play today.
Weekly chart looking positive, technical barrier to watch out for is a move above 6.77 which IMO would indicate we are on the up again. Finished buying now - the weekly chart convinced me to take the gamble. Not suggesting others follow suit, the smart move would be to wait and pay above 6.77p after confirmation. (Averaged in at 6.6p on the nose - happy with that.)
I bow to your superior knowledge Ardbeggar on the Framework agreement. The way I look at it is Roan is the key to all of JLP's short term future. Success brings reduced costs, more income and removes the ability for IRH to pull the plug (if I'm reading you right).
(Not sure who realgit is calling a johnny come lately Frogkid - you or me, but we've both been here 3 times as long as he has!!! Wish his mum would let him go out and play for a bit.)
Always good to see the money Frogkid. As Ardbeggar says they are undertaking billable work now. When they have identified a location then they will need to order all the machinery they need then you will definitely know all is good.
I agree with Ardbeggar JLP would have to seriously mess up for it not to go ahead now. Meanwhile we wait for Roan not long to go if they want to have it commissioned by the end of May.
So it would appear I am wise to be cautious on IRH until they part with the money?
Copper360 up another 16%%%%%
That's 250cents to 470 cents in 4 trading days. 68%
I really hope we get the same reward!!!
I think we deserve it.
So, on the topic of the small miners....what are they actually up to there? What's the strategic goal in signing all these up?
If they keep signing up the small miners it will be a very useful hedge against anything going t"ts up with IRH. There is more copper than they can presently handle there.
Sure, agree entirely. Basically though it's all good in that area unless Jubes do something monumentally ridiculous.
Like I said last night....come on Roan, that's the one that's the prood in the pudding that we need to see.
Ardbeggar there will be break clauses in so that IRH can walk away it is usually the case. IRH would be remiss if there wasn't. Like you they are just waiting for the i's to be dotted and the t's to be crossed and it will be off to the races.
Frogkid I would expect an RNS when JLP announce where the first module will be.
Also, in the interests of balance I'd say that there is probably a break clause around strategy and location of units, i.e. if Jubes produce a plan that makes no f*cking sense either logistically or financially IRH will be able to walk away with just costs to date incurred and break the partnership. For negative doomsayers that's probably the one to worry about. Unlikely to happen though as Jubes are the advisory experts here and IRH just the money men along for the ride.
Thank you Ardbeggar, and Gray. I will bow to your superior knowledge. Gotreal, my apologies, I had expected to see a confirmatory RNS. So we are just waiting for the confirmation Roan is back up and we should be off and back into double figures.
Thanks Gray1....agree with the next step there :
"As per the agreement with IRH, Jubilee is undertaking a detailed resource definition to confirm the material reclamation strategy and location of the targeted processing units."
Also, that will be billable work to IRH so it has kicked off.