Stephan Bernstein, CEO of GreenRoc, details the PFS results for the new graphite processing plant. Watch the video here.
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Sumoskier,
Spot on Roan is the springboard.
Just added another subliminal message to my tapes "C'mon Roan".
Difficult to comprehend the numbers flying around when we’re at sub 7p and not much momentum! Just waiting to see what happens on that Roan RNS.
10 artisan mines should just about max Roan and Sable out.
8 modules at 50k/month processing would take care of 40 more. It's not as much as you might think.
Off back to my dark room with my tapes before I go into withdrawal:)
I get you Gotreal. I was just looking at the chart itself.
Gotreal, if they keep doing with copper as they are with chrome. Its not a question of if, its more a question of when?
There is the word Target at the top right with a price.... that's all you need .....
I'm not the best at charting Gotreal. I can see a double top and a double bottom with the histograms above and below zeros. Is a double bottom supposed to be a good sign for a rise? You would have to explain it a little more to me Gotreal how you see it.
I provided this chart sometime back, Gray, which Kalan said was ridiculous, it would never happen..... I believe it will at some point in the next few years ...... https://www.dropbox.com/scl/fi/or4bihrhbzft4ozbdzm31/JLP-Monthly-020124.jpg?rlkey=v731t0dhorgvj5bfmg05tu8kl&dl=0
Now you are drawing me in again with a pe of 12 Mikie!!
I have just asked my carers to put the tape on in my dark room with the subliminal messages of "you must be more cautious", "you must be more negative" it's part of my therapy.
If we 10x from here then let's all have a meetup and get thoroughly drunk while toasting Bushy.
Strangely Gray, when your doing well and in a hot sector, the market tends to reward you! With that level of success, i wouldnt be surprised to see a PE of 12 or even higher. Still lets get back to the here and now.
I can Mikie but don't even want to go there. They are mind boggling.
Well go on then as you twisted my arm 2% recovery at $4k gross margin $480 million gross, £300 mill net eps 10p, pe 8, sp of 80p. How's that for positive Gotreal.
Please don't take these figures too seriously We are a long way off that but it shows the potential.
My carers are now making me lie down in a dark room with a cold towel over my head.
Actually very similar to Jubilee rwnevillie.
It's just they they getting a lot of publicity of been the only PURE COPPER PLAY in South Africa. And people are jumping all over it.
Once Jubilee news get out and the STORY of Jubilee which I feel is more important we could easily see the same gains.
@ Gray, totally agree. Can you imagine the figures if the grade is 1.5%-3%! You can bet the 50 identified, have been selected on their potential grade and ability to expand their mining licence. The beauty now is the first 25k tonnes of copper, require no capex at all. After that, modules will be required for copper solution. But, i believe its only $3M for the smaller size module. With Roan and Sable throwing out $5M plus, cash per month, expansion will be rapid. Then you’ve got the chrome expansion on top, going great guns as well.
@Nelson, you can see why the government love Jubilee. This will create stability and growth in loads of small mines. There is potentially hundreds more!
May i ask , how many tons of copper are Copper360 projected to produce in the next year or two ? please
Unfortunately not Jonah. I feel Jlp has more potential therefore a greater valuation. It's just the endless waiting that's extremely annoying. But it shows you when people decide go into something like Copper360 they really move fast. Reminds of Jubilee back in 2020/21
HappyDays indeed (I assume you have invested in Copper 360, as your posts would suggest). Well done. Wish I had!
Should be 6 months from now so lets say next March.
P.e. ratio as a pure producer of 8.
From interpolation need an operating profit of 38 million dollars to justify an sp of 7p.
Pgms operating profit £0 prr ounce.
Copper 20,000t (not 24000) at $3000 ( not $4000) Margin gives $60 million opersting profit.
Chrome 2 million tonnes ( could be more) at $20 margin ( currently more) gives $40 million operating profit.
Tostal $100 million or 2.5 times the amount needed to justify an sp of 7p at pe of 8.
My valuation of JLP at March next year is about 17p.
Tried to reverse engineer to take out the vagueness of all in and the role of debt finance and tax etc.
Gray1 did 2 more detailed calculations and got about 13p to 18p I believe. Doubling from here is highly likely even with misding targets, shutdowns and IRH having little effect and ogms struggling.
Copper360 up 23% yesterday then another 10% this morning.
They have gone from 250 to 550 cents in 5 trading days.
Jubilee is missing out in a major copper rally here!!
What are the chances we get the same reaction?
I agree with posts overnight, the processing offer to smaller miners is superb - other than the small miners, the biggest fans of this will be the government as it allows local owned miners to start up with less capital (you just need to dig) and in doing so takes away the positional power of the MNC miners. That goodwill should see our future expansion green lighted for future refining capacity and adjoining territories will be looking at this with great interest I would imagine.
Mikie,
To add further to the value small miners could add:
From the RNS 2 mines are expected to provide 240k tonnes for processing extrapolating that to 50 mines is 6 million tonnes. Obviously more processing capacity would be required but even at 1% copper which is low estimate from JLP that is 60k tonnes of copper per year.
Even at at a $3k gross margin (which is low I am ever the cautious optimist). That is $180 million gross margin and after conversion to sterling and subtracting EBITDA. A potential profit of £110-£120 million. eps of 3.67-4p. pe of 8 and sp of 28-32p on their own. I think a conservative estimate and these could be rolled out fast.
Dru- thats a great article. Clearly Ricus, is quarter backing this strategy. Seems like he really has a passion to bring processing to bring processing solutions to a sector, much in need of help. You can see the pieces of the strategy unfold. Ricus was obviously bought in for this role, maybe Jubilee have been planning this for much longer than we think. Or maybe what was considered an opportunistic chance to get some feed in before M and the IRH deal kick in has evolved into an industry opportunity that none had even given thought to?
Post on LinkedIn by Ricus. Only saw it now (a few eeks old I think), but very relevant to the matter at hand...
I find it so interesting…
As part of my efforts with Makor Resources and formalizing artisanal AND small-scale mine operations, I am regularly having conversations with government leaders, community members and Large Scale Mining (LSM) leaders. Though I’ve spent a majority of my career as a large scale mining executive, I’m now sitting on a different side of these conversations.
It’s interesting to me the lack of accountability and responsibility that LSM executives and industry body leaders are taking.
It’s interesting to me that people think that by ignoring a conversation it will some how disappear.
The reality … it will not disappear. And large scaling mining corporations and industry bodies such as ICMM have a crucial role to play in supporting ASM and SSM mining in the world as major contributors to the industry and the transition of the work economy to hashtag#netzero.
The reality is that the majority of mining workforce are artisanal and small-scale miners - 90%, to be exact.
Leaning in and to become part of the solution is what will make it disappear, and by the way, change the world for millions for the better.
Hi Kalan,
Wishing you and your wife all the best at this difficult and stressful time.
My thoughts and prayers are with you both.
Best wishes,
Prof
Overhead supply from previous trading, can reduce the upward equity movement from stale sellers. Standard theory is that overhead supply can have the dampening effect on equity progress, for between 18 months to 24 months. Unfortunately the overhead supply for JLP, begins in March 2023, 13 months ago and occurs a total of four separate occasions, meaning significant resistance beyond the recent sp, high.
The equity is likely to reprise its recent high sp, according to the rising RSI(relative strength index), but unless significant volume appears to overcome overhead supply, in the near term, patience will be required. The underlying sector is bullish, being above its quarterly time resistance of R1. DYOR.