Proposed Directors of Tirupati Graphite explain why they have requisitioned an GM. Watch the video here.
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Comex copper hits $11K!
https://www.bnnbloomberg.ca/copper-futures-surge-as-short-squeeze-grips-ny-market-1.2072925
This is great for Jubilee. Hope we get a nice rise today :)
And platinum has quietly reached $1050. Palladium up too. It all goes straight to the bottom line.
Good morning everyone,
Cmon Roan
Just for fun I plugged US$11,000 / tonne into my spreadsheet, which I think would equate to around US$9,000 / tonne in revenue accounting for sulphide concentrates plus cathode. At 1,000 tonnes / month production we would be generating US$55 million a year in gross earnings.
Even some copper explorers have doubled there share price and they not even producing yet... it's a real conundrum when it comes to JLP. Come on let's get an update. Two weeks to go before full ramp up...
Even more fun Seis, if combined they get Roan and Sable producing 20-25k tonnes per year. Although the sulphide content would be higher, lowering the revenue per tonne.
Seis, if you have time, might be really nice to see your updated basket graph.
Plus the Chrome and PGMs would be well over 100mill nevertheless. What's that worth on the sp?
As ever, thanks for the costing estimates Seis.
I was wondering if you have the following to hand and if you would share - In terms of each metal, at expected throughputs what is the sensitivty to price?
eg for PGMS, for each $10 rise in price per ounce, JLP profits forecast to rise by $xxxx.
I realise Chrome and copper a bit more nuanced by the expected capacity produced, but I would love to see the quantum of upside relating to the wind being on our back in the rising prices.
Humble request and do ignore if that suits - I am very thankful for your contributions to the board on these areas.
AtB
NtD
Looking at the last results so tonnage / costs / revenue I estimate for chrome every $10 adds $8million to balance sheet end of year
$10 dollars added to PGM's if we mined the exact same amount and costs remain the same only adds $200k approx to year end balance sheet
Thanks Nelson, unfortunately that's going to be quite tricky to estimate, especially for chrome and copper, because Jubilee will be buying in the raw materials to some extent and the cost to buy can be expected to increase as the commodity price increases. PGM's might be easier to do because they are a hidden extra that probably isn't reflected in the cost to buy RoM. I'd have to have a think about how best to show that.
The only information I've seen on RoM costs relative to commodity price was for chrome. In the old WHI note, they quoted an estimated 70% of the chrome concentrate price increase being reflected in the cost to buy RoM I think.
Last results -Copper units revenue increased by 23.5% to £6.3 million (H1 FY2023: £5.1 million), supported by improved average copper cathode market prices of US$8 262/t (H1 FY2023: US$7 864/t) achieved
So at $11k revenue would be $8.3 million assuming costs remain the same
Nelson I forgot to mention that in all cases the price would have to be the average over the whole period as we have not been at 11k copper price for the who year so revenue would not have increased by $2 million
Thanks Maddog
I understand the average v latest price point. Im simply looking at quick cut impact to bottom line as a result of price - for future forecasting.
Seis your point about RM costs rising as a result is valid and I suppose needs a guestimate factor in the mix overall.
If we are about to see prices rise and rise understanding the hydraulic effect to Net profit is always good.
Thank you both.