Sapan Gai, CCO at Sovereign Metals, discusses their superior graphite test results. Watch the video here.
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Gray1
Thank you for your post, I am happy to be corrected but the cost of $4000-$3800 was a costs that was referred to Sable
before IRH ever came into the picture. Please someone tell me I am right or wrong
Regards
Thanks Mikie, all sounds great, I just hope this constant flitting around is neither detrimental or distracting.
What you say Edzi is fine. I always find your comments to be reasonable and balanced. If you look at my post a little further down there is a difference in cost between the two processes.
Artisan mining is less than $6k per ton but the IRH processing costs has the potential to be as low as $3.8k that is where the confusion is I believe.
On a slightly different point
I see that there are a lot of questions regarding sites, how much is there, where they are, where they are going to
process, etc etc.. I'm sure that the artisan mines were not in the equation when they announced the IRH deal.
I am also sure that the Company has not yet made it's mind up regarding where things are going to happen because I'm sure there are various deals they are looking at and the whole Zambian business is so fluid.
I am the first to comment on the communication that has improved now Neal Reynolds is in charge of it.
However because everything is fluid I can to a certain extent understand why nothing has been said in Concret.
However even when it is said in Concrete ( I refer to the unit being painted and then sent to Zambia to start commissioning) It's still not factual, like all of a sudden we are talking about $6000 or below for processing Copper
when to my ears it was $4000 and below in fact a figure of $3800 was mentioned. That is the entire problem with
JLPbut it's not worth banging on about it because Mikie will say I'm rude and negative
Good afternoon all
I really don't know why I'm doing this but here goes.
Mikie
I wrote a post yesterday reffering to you and you responded to it bu saying I am rude.
If I have upset you I am forever sorry as that is not my feelings at all towards you.
I have shown the post that I sent to 4 people asking if it was rude because I was surprised
at your response. They all said it was direct, a bit blunt but certainly not rude.
I doubt that you are a snowflake so I would again apologise if you thought it rude but for the
life of me I can't see it. Keep your over enthusiastic posts going as it keeps you happy but to me they
are built on hope to realism. I'm sorry if you find the last comment rude.
Gotreal
I do not and will not apologise to you as unfortunately I find you as I said a waste of time.
Your graph that you showed yesterday (if my eyes are correct) shows the SP going up in
a straight line ( please correct me if I am wrong) but on that basis and on that basis only
I have only seen that in a share that has had a bid , which may happen. Do I see the SP going to
£1.20 and remember I said 3 years, If Copper goes through the $12000 mark and stays there for a considerable amount
of time maybe but JLP would have to be producing over 100,000 tons of Copper on it's own without IRH.
That is also possible but I always err on the side of caution and realism. Would I like the SP to go to £1.20?
NO I would like it to go to £100,00 per share at least, the answer is of course I would.
Shulvin
Regarding EPS. Ther are 2 ways of calculating EPS.
One way is if a Company is paying a dividend, and the other is without a dividend.
JLP are not paying a Dividend so you have to determine nett income from the previous year
Then determine the number of shares in the market aand the number of shares outstanding and use
both of these figures to get EPS. As I'm sure you know, you can get historic EPS and forward guidance
EPS and EPS in the F/Y you are in. So the number of shares in the market changes the EPS
I am not standing infront of a post blindfolded with my hands behind my back which are tied
PLEASE START SHOOTING !!
Mikie,
Monkoyo 25k/month starting in sept 24 to be processed at Sable. I don't know the full amount sable can process/month (output capacity 16k of contained copper).
2 artisan mines signed up at 120k processing material/per year each, 10k/month each.
3 more being worked on now from last RNS so a total of 50k/month from these. That's Roan full operating capacity I believe but some could be sent to Sable. Cost of processing these under $6k/ton but options to buy majority interests of each mine at $1.5 mill max thereby lowering future costs.
The IRH modules some to be sent to Sable to be refined but if Sable becomes full then can be sent for 3rd party refining. This is where they can reduce costs down to $3.8k with economies of scale. 30% to JLP after costs.
Output will depend on Copper percentage grade around 1.5% for IRH modules and 1-3% for artisan mines. Not sure about Monkoyo grades will have another look. Also will depend on copper oxide/sulphide mix. That is how I understand it
Seis, Gray, Frog, i think the original plan was to send material from the waste rock project and M to Roan and Sable late this year when they come on line. With Artisanal and opportunistic feed being used to fill in while they were waiting for M and the IRH deal. I am guessing the small mine plan has evolved so much, they have realised this is an industry in itself and will fill Roan and Sable many times over for many years. Plus the small mines have the potential to be developed into bigger mines like M. I now think all material from IRH deal will go direct to market or be refined at Mopani. Jubilee will soon need more refining capacity and i believe the earnings will soon be there to support it.
Thanks Ardbeggar been there with the kids no sleep turns you into a zombie in no time. Hope your baby gets better soon. They always seems to pick something or another up when they are little.
Oh yeah it's definitely a different resource to the artisan miners, I just think they want optimum positioning of all their sources in relation to their modules.
Sorry if I've not come over right, barely slept last night due to ill baby then other child bursting in at 6.30am, like they do!
Excellent thanks Seisnav. Glad it's not me going mad the men in wait coats were opening the door to my isolation chamber again.
Yes Frogkid C'mon Roan:)
Yes this is separate to any other artisanal operations I believe. The name OB1 (overburden dump 1) is the name of an actual dump site near Chingola and I think that’s likely what this project is.
Thanks Mr Gray. Quite some newsflow expected between now and the next AGM !
If it is a separate resource Frogkid to be processed through the 4 modules yet to be built then it makes the stuff from the artisan mines very promising as these become a separate resource and money from the IRH deal, Sable and Roan could pay for the fast development of these.
I could be barking up the wrong tree but the Dec 12th RNS suggests this.
Part of this is the so called rocks I recall?
My take on it too Seisnav so you think a separate resource to the artisan mining as well? They have been testing this for a while it's why I think they know where the locations for the modules are and are just awaiting IRH sign off.
It also says further on in the RNS that they can build these 4 modules in 12 months once they get going.
It does say they target the processing of in excess of 260 million tonnes of waste rock material. The initial 350 million tonnes may be the whole waste dump, which would likely contain a proportion of material which is not economic to process. I guess in sampling the material they have a more accurate estimate of what can actually be processed. Just my guess.
To add further taken from Dec 12th RNS,
Jubilee secures one of the largest copper waste rock assets on surface in Zambia.
· Estimated at more than 350 million tonnes of waste rock material on surface. Early results from preliminary surface sampling indicate zones with grades higher than 1.5% copper ("Waste Rock Project").
This is what makes me think it is a different resource am I way off the radar on this?
260 million was mentioned in last RNS.
Ardbeggar,
You are much more informed on the technical aspect than I as my understanding was Munkoyo was going to feed Sable and the localised mines they are signing up would feed Roan and Sable.
The waste rock project with IRH they have identified 260 milllion tonnes of waste rock and it is this they would process with the modules in conjunction with IRH. Is this a different resource or is it coming from more artisan miners? My initial understanding was it is a different resource.
It will only relate if JLP/B actually promote it and we all know they are crappy at doing that
Copper360, listed on the JSE, recently announced the commencement of copper production with the production of 137 tons of copper concentrate. The share promptly doubled from 260 to 520 and is well supported above 500. The re-rate has resulted in an accretion in market value of R1.8 billion.
Roan is about to commence production at a considerably greater volume than Copper360.
We should therefore gain at least R1.8 billion in market cap and to be fair we should benefit to a far greater degree than Copper360.
However, if we only gain R1.8 billion in market cap this would take Jubilee from last nights close of 164c to around 230c.
Hold on to your hats for a quick re-rate this month to at least 230c
Dbh
The word is patriarch. I did say it was your choice thanks for the contribution though after all it is a discussion board and I didn't call you any names however good luck with your investment.
HD, i dont think we will get financials now until the end of the trading year. I think the quarterly’s were just production figures, which was a tad disappointing, especially with chrome looking so good. Hopefully we hear shortly from the Roast boys shortly. I think they will bring matters up to date in Zambia.
Thanks Heroric.
Thanks for the reminder Sharky
Is May when the new targets for the next reporting year are going to be announced? I assume post Roan going live?