Adam Davidson, CEO of Trident Royalties, discusses offtake milestones and catalysts to boost FY24. Watch the video here.
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Hi All
I wonder why no poster has written about the new joint brokers. IMO it points to expansion out of Africa and into Canada.
Seisnav Mickie Gotreal - Can their be another reason for the appointment in your opinions ?
In the Sunday Roast interview Gray1, Leon was at pains to point out that modular means they are copies of each other and stand alone, but it doesn't mean they are small. Procurement should, hopefully, improve on the Roan experience. The money for advanced ordering was in the last rns wasn't it. They are aware of where the hold ups are likely to be and should be across the problems by now (assuming they haven't spent the entire placing on Roan and Sable - of course they haven't, just jokingš«£).
Don't think finance will be an issue Mikie more production capacity and reliability of the modules, replacing parts etc. and what they can secure.
I don't know that side of the business so there maybe more options available to JLP to speed it up. I'm sure there will be someone on here who knows more. It's all exciting stuff though to see what they can actually do and how quickly they can scale it up.
Indeed Gray, in 18 months time, the monthly production here is going to be very interesting. My base case is 50kt PA, but reality, i think will be much higher. I dont think module production will be an issue, when there is bundles of cash to pay for it.
Agree Mikie. Like you I expect it to increase as the year goes on as chrome is doing.
Gray, the market will re price as the quarterly production increases. You are right in that the first couple of quarters may not be that great, butvwe should see a steady increase. Once the market is satisfied this works, it will become forward looking. Investors will be looking for copper value and will see good value in Jubilee with a rapidly increasing profile. Once in production this will re- rate at the slightest hint of increased production. The market is already becoming copper crazy!
Just need the new photos of Roan uploaded as promised.
Nice to see the Jubilee website updated. Not sure when it happened but atleast it's updated now.
Hi Edzi,
Only hedging my bets with 12k. They will do well to hit 3k in the first 3 months next year but should catch up if they don't. Six months for a module from order to production so even if they started at the beginning of June it wouldn't be producing until dec.
I don't expect a huge amount out of the modules next financial year even if they did two at once as it won't be until the second half of the year until we get something out of them with them pretty much starting in the next month. Don't forget the reduced margin on these also.
I made the point earlier about reliable supply of these modules and Seisnav makes a similar point regarding these. Plenty of wriggle room in my 12k for things to not go as planned just look at Roan. Seisnav also points out about Munkoyo not ready until later in the year.
The miners supplying Sable could be good though to give it a boost.
With a fair wind if everything went right and they built two modules now then they could possible do as much as 20-25k but nothing ever goes perfect every time.
Just my take on it happy to be proved wrong.
Well... we will find out soon enough.
I doubt those two would have been told anything that might be sensetive re. the sp.
I agree about the timespan to actually build these modulars Seis. Although I still think with what we already have should bode well for the share price.
I can not help to think that there's some big news about to be announced. The fact that the Roast boys said very little on Sunday makes me think they holding off until.an RNS.
I have first week in June jotted down as the time they should be chucking stuff through the new, fully electronically controlled front end at Roan. Anyone got any better idea than my best guess. I remember Leon saying we would have increased production in this year half, so it may be a little later, just musing around when investment stops on Roan and accelerated income begins.
I think the main problem is likely to be module production capacity. If it's the same manufacturer producing the chrome modules and the copper modules, they are going to be bottlenecked. As I understand it they have capacity to manufacture two modules at once, at the moment they are working on the additional chrome modules for Thutse. The module for Munkoyo isn't expected until the end of this calendar year. Where's the capacity for the IRH modules? It may be that they have secured additional capacity but we don't know that.
Metalkol Roan Tailings Reclamation (Metalkol), a major tailings reprocessing operation in the Democratic Republic of the Congo, has recently become the worldās second largest cobalt producer as well as a major supplier of copper.
Soon JLP will claim the same in Zambia. Mark my words. Superbulllish!
Hi Gray
I must admit that if JLP only produced 12k of copper in the next F/Y I would be bitterly disappointed.
What you are saying is that only Roan will be going, I think, if the IRH comes on stream when it should and we get the pods later in the year or before Xmas they would have a 6 month window together with anything that is produced at Sable itself, I also on reflection think the RBC capital is to raise money for a big aquisiton, but it doesn't take away my opinion of a bid soon Regards
They said a week to 10 days before that was due, so not before Sunday at the earliest.
Maybe the Roast boys lost their voice notes on the Zambia tour. I see 2 mid week Roasts were released yesterday.
No sign of the Zambia Special yet??
I hope somebody knows something.It is like the good old days
Apologies chrome has taken 3 years to go from 750k to 1.5 million
Let's see what Roan does first guys and when the first IRH module comes on line far too much optimism for me:)
I will stick to my 12k copper for next year if they beat that I will be happy. After that who knows.
It would depend how fast they can roll the modules out Shuvlin. How reliable and consistent they can be made and supplied. Plus a sustained higher copper price. Lots of possibilities Congo further down the line maybe. So not impossible.
Chrome in 2 years has gone from 750k tonnes/yr to around 1.5 mill tonnes/yr at the end of this financial year so they do have form for scaling this kind of process.
Morning all. We are pretty much guaranteed production of 50k tonnes per year in that timescale, between Roan Sable and the IRH deal. This is pretty spectacular in itself and will lead to many multiples of the current share price! Even allowing for only 42% of the IRH deal. However is it likely to stop there? I dont think so! With so many small scale licences targeted, there is very likely to be additional production there. The IRH deal is likely to have at least another 4 modules established. Plus any additional projects. So my base case in 50kt in 18 months, but the reality is likely to be much more. Pick a share price based on your chosen PE, but its going to be many multiples of ghe current price.