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The fact that we still in the 7s in the second half of the year says a lot. The fact is it now near impossible to produce 25 000 tons by end of next year. We don't even know how much we producing now???????
Extremely odd on one of the best days for PGM'S the share price has dropped. It just goes to show how distrustful the market is of Leon.It was obviously a HUGE mistake for the company not to advise shareholders of the water and load shedding problems.I only hope the directors will NEVER make that mistake again
Amazing how much time BT spends researching JLP figures and yet he seems to struggle to actually get any of them right. Odd that eh?
Still not quite right... JLP's guidance is for an extension of capacity, only with a hoped for additional 200k production
Also Tharisa own 100% of the chrome, they're not just toll processors.
I stand corrected by Bushy
Jubilee have given a guidance of exceeding 1.2m tonnes to June 2023 whilst Tharisa have reported 1.1667m tonnes for 9 months not 12 months.
"Jubilee's produces significantly more chrome than Tharisa"
Which alternate universe are you residing in today Jlpositive
Excerpt from Tharisa's production results today - “The unique co-product model was again highlighted with the Company benefitting from continued favourable chrome pricing while dealing with PGM pricing pressures, resulting in strong free cash generation.
Jubilee's produces significantly more chrome than Tharisa and should have benefitted similarly (margins would vary obviously).
GLA and DYOR
JLP should clear approx. $3,500 - $4,000/t of copper at a 45% margin, so $30+ million dollars....
Up nearly 7% in China today…
https://www.metal.com/Other-Precious-Metals/201102250583
Jlp making an EBITDA margin of around 80 cents a pound on copper. It's fark all on 10k tonnes never mind 3,5k.
The cobalt is where the earnings would be but only if Leon could demonstrate recovery and sales.
I like the mine site integration of the new chrome processing agreement and it’s something which can be endlessly replicated if the demand is there. It also begs the question, if they can do it with chrome why not with copper and with cobalt? Might we see Jubilee start to partner with the big copper miners in Zambia in the same way, so that only fully processed material goes to the tailings dam? I think its only a matter of time before we see something like that happen.
"Some people just keep looking back and not forward. "
Good not agree more
Some people just keep looking back and not forward. You know what happens to people who only look back, they walk into a bush, tail first. Fortunately Jubes are very forward looking and had the sense to diversify big time. Its not just about PGM's anymore its about copper, its about cobalt, its about chrome and of course PGM's! But what gets me really excited is the ability scale rapidly and i think your right Dorf, the new joint venture has not been understood by the market at all. It just shows the ability scale and scale very fast. But not only scale very fast, target the hot sectors, ie chrome and you can only target the hot sectors if you can move fast. Jubes are in a very enviable position, they are obviously able to replicate rapidly and even with metal prices dropping the earnings will be mounting. Project Roan and Sable will have a big impact on the now new current year. The new joint venture will have a big impact on earnings. Inyoni will only improve, all the existing chrome plants are at full tilt, even the joint venture at Windsor is playing a part. The earnings are starting to add up significantly, with so much more to come this year! Look forwards not back, our beast is growing.
For once -agree Bushy -the 2021 PGM highs are not likely to be repeated anytime soon.
Luckily the 2021 windfalls were invested in copper production where the bull market is widely predicted
Just need that update from Leon.... i reckon next week.
Thanks Gotreal- For us poor suckers in South Africa the only benefit we can get is to invest in a company earning dollars such as Jubilee as the rand is now 24.14 to the pound and 18.71 to the dollar.
Going back to Merafe in the year 2000 in working out the profitability we worked out at rand price of 7 to the $ the company would be highly profitable. With the chrome price so high,and with the new J/V announced Jubilee should do very well with chrome. I am convinced that the market has hopelessly under rated the latest RNS
Pgm earnings have been weighted towards Rhodium.... Unless platinum surges to 4k an ounce , you can say goodbye to the kind of return you saw in 2020/21
Cu up at $8,420 on a weaker dollar today, Jack. Pt, $937; Pd $1,247 .... the strength of the dollar is a major factor in base metal prices.
Hoping that the platinum price will continue to rise.Will help profits in the present half year
Sorry OrionMinerals -please ignore my last post
Orionminerals used to post as Higgin. Exactly the same type of posts, he’s not even smart enough to try and be a bit different. Best filtered.
OrionMinerals -only posted on JLP since registering with a negative agenda -Bushy’s little helper perhaps?
No evidence that production targets in Zambia “stalling”
All we know is there were initial problems with water and power supply which have now been resolved -we will know shortly when production figures to 30/06/2023 published
67 million is roughly 2.5% there would have had to have been a TR1 if it was Fidelity... Without a TR1 there has been no change in beneficial ownership.
realistic possibilities:
A). Stock transfer by 1 owner to a nominee account.
B). Put up as equity for a loan (commercial, private hnw or a short)
C). It's a mistake by whoever published the information.
I wonder what's Leons excuse will be for projects or production targets stalling in Zambia. Next year always looks transformational for Leon. Hang that carrot Leon......jam is coming in the next financial year.