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Doesn't look like the BB believes BT anymore does it?
16.5p short - hahaha
Doesn't look like the market believes Leon anymore does it?
I get that recovery from waste tailings makes a lot of sense from a JLP perspective in terms of de-coupling the process from mining and removing an operational risk, but (from a mining perspective) does it also make sense to bolt the JLP processes onto an active mining operation so that the tailings are 'clean' and can be returned to the landscape for good?
Hoping some of you could share your wisdom!
JPL is the NASA Jet Propulsion Laboratory 🚀
Good interview -
I really liked the comment on the speed of deployment of the Northern strategy as I did have some concerns on this given previous delays. Plus the support of the Zambian government...
Roan - they can process material previously regarded as waste - weathered oxide reef. I wonder how much of this is lying around as they should be able to do a belting deal on the feedstock!
There also seems to have been an increase on the chrome production aspiration from 2mtpa to 2.1mtpa.
An updated company presentation would help Seis and others with their numbers.
ATB
Northern
JPL told us 44000 ounces PGM FY 2023: unfortunately failed
JPL told us 6000 (revised several times before) t Copper FY 2023: unfortunately failed
Coetzer tells us we are going to double revenue in 2024. Well, maybe I am conservative, but revenue needs to add to the bottom line. It does not.
I want to hear about OCF, net income, quarterly reporting, dividends......but all I get is a promotional video repeating what we already read in the latest RNS.
Main broker has this down a little today ?
Apparently after my Tuesday top up chart shows lower by the close Friday 17th in line with main market recent lows.
Not much in with 6.25% spread today.
Then there's COBALT... Mikies 2 pound estimate is sounding more plausible each day that passes.
Quite amazing what Leon has managed to do. We were all hoping that copper would be our saving grace meanwhile he's pulled a rabbit out the hat and now we going to be the world's largest producer of Chrome which in high demand. Imagine when the copper strategy kicks in too. No wonder Slater and the rest aren't worried at all in fact they adding.
With this latest additional chrome deal we will add 45 000 000 dollars to our current revenue.... then +- another 75 000 000 million dollars when we sign the next chrome deal. This will double our current revenue. Market hasn't woken up to this and probably why the interview!!
Thanks @ Seis & Jonah. What a great interview and doesnt sound like there has been too much disruption to the Roan production to date. Great to hear Leon in such a confident mood again and the prospects of Roan in full swing from October. Momentum is gathering rapidly.
Thanks Seis....if all goes to plan as per the interview I see JLP at 20p end of the year!
https://www.***************************/jubilee-metals-group-becoming-one-of-the-biggest-chrome-producers-in-the-world-video/4121125866
Mickie, Broker note simply reiterated RNS content in a generally upbeat way. Seis has commented on their optimistic estimate of chrome price. Nothing else.
Mikie I guess the guidance is to allow for interruptions at Roan during the upgrade. As Leon said, they will review the guidance once the upgrade is completed.
It’s worth remembering that Sable was producing copper within 3-4 months of the acquisition and I think they will be looking to do the same in the North, generating cash to help get things fully up and running.
Gentlemen, if Sable is running at full capacity, company guidance of 6k tonnes of copper is looking a little conservative perhaps? Excess concentrate sales would be a massive bonus too. Is anyone able to copy and paste the WHI broker note please.
Silver on up trend one of main mines shut down due to accident
25k of cu concentrate by 2025
check out the atym mcap,think they produce 50/60k of concentrate
going by they're mcap
so that'll be a huge additive,to the mcap in 2025
https://www.lse.co.uk/SharePrice.html?shareprice=ATYM&share=Atalaya-Mining
Jonah,
On the transport point they were looking at a rail solution for that.
Thanks Seis. As you say, it is clear that the expanded Roan concentrator with its 60% ROM 2% Cu feed is going to produce more than Sable can cope with and we won’t be refurbishing a refinery any time soon.
Despite frustration with the hold ups to progress in the north, there is an upside as we now approach a period of significant income/revenue (yes, both!) generation. Leon is still talking about 25K tonnes of Cu by 2025, but the current delay gives time to refill the coffers and get the pilot study sorted.
As I see it, the downside to the current model is the transport of concentrate from Roan to Sable. It’s quite a long way and in the rainy season road conditions deteriorate.
Could equally be Tory Deputy Leader!
I thoroughly recommend the filter button. Comes in very handy!
ATB
Northern
Totally agree Happydays43 -the Bushy tribute act does not see to have much intelligence and just throws around insults when challenged -perhaps a career as the Labour deputy leader beckons