Member Info for Billyboy2fromiii

Anyone going today?

BB2

Zeus view: Today’s update for Jubilee’s South Africa operations is encouraging - chrome and PGM production is up year to date and is set exceed the initial forecast. Revised full-year guidance indicates that chrome concentrate production will increase by 200kt, and 6E PGM will increase by 2,000oz. This will clearly boost underlying profits in South Africa. This outperformance underlines the successful installation and commissioning of two new chrome processing modules at Thutse and is testament to Jubilee’s technical capacity. Looking forward, the recently signed joint venture to process more of Thutse’s growing PGM stockpile with a ‘local PGM producer’ and produce an extra, up to, 11,500 ounces of 6E PGM’s a year (50% profit attributable to Jubilee) will further boost the bottom line. Our forecasts and fair value remain under review until we can assess properly the new production guidance from Zambia. What today’s news does remind us though, is that Jubilee is not wholly dependent upon Zambia and that South Africa will contribute significant revenues and profits to the business.

BB2

Kalan,

There were 117,680,000 options outstanding as stated in Audited Accounts RNS on 3rd Oct.

Detailed in Section 8.

Warrants were in Section 7.

Share Capital in Section 6.

BB2.

Everopeful ....

I have made myself the following proposed timetable of events from the RNS of 7th Nov;

Dec 24; Project Munkoyo large scale leaching trials to commence.

Dec 24; Project G targets to commence full operations and delivery of pre-concentrated ROM to Sable.

Jan 25; Waste Rock Project Due Diligence extension request (not currently granted) expires which allows sufficient time for results of the extended industrial of 15,000 tonnes trial.

Feb 25; Project G aims to extend operations to achieve an initial mining rate of 10,000 tpm. My understanding is that this should produce 3,000 tpm of copper concentrate containing 10-15% copper for refining at Sable.

Jan - Mar 25; Expected increase in minimum grade from Project Munkoyo to increase from minimum of 2.5% to 3.5% copper.

Jan - Mar 25; Target for commercial trials of bulk samples from two further open-pit mining operations scheduled for refining at Sable.

Jan - June 25; Expected (significant) contribution of Thutse 2 and 3 to Chrome production.

July - Sept; Potential to increase feed rate at Roan from 75,000 tpm to 90,000 tpm.

July - Dec 25; Introduction of on-site leaching at Roan expected to increase recovery from 55% to more than 70% equating to 9500 to 13,000 tpa depending upon feed grade.

Oct - Dec 25; Sable upgrade projected to complete.

That is for my personal reference but thought I would share. I believe the above is correct but happy to be corrected by others if not.

BB2.

Hi,

Do you have the link for the Ricus interview please. I have missed that.

BB2

Seis,

Actually I can see the info is in the RNS of 23rd Sept. I will have another thorough read of that.

BB2

Evening Seis,

Just wondering if you have updated this chart at all?

Apologies if you have and I have missed it. I have been otherwise engaged recently with family ( still been adding though) but trying to get back up to speed with my knowledge.

BB2

Seis,

I know you have a very good understanding of things here...

Just wondering what, if any, thoughts you have as regards the make up of the PGM basket etc and what would trigger a basket price rise to $1,500? E,g. what would Platinum need to increase to ? Leon specifically mentioned Rhodium in the same sentence as this. So what would Rhodium need to increase to ?

Just for balance, he did state that we would need BOTH an increased basket price rise (pretty obvious) BUT also am expectation for a sustained rise.

BB2

Just to add to Northern's comments re power in Zambia (and further to the comments re power on Sunday Roast) ....

Leon stated that previously were paying 7c for power. This rose to 20c/30c/40c....

Under the current private agreement we are currently only paying about 30% above the previous 7c (so roughly about 10c). With solar we will roughly be back to the previous 7c.

BB2

Morning Seis,

Just checked my notes from yesterday. Leon stated that at the start it was 85% tails and is now 15% tails and the rest (85%) reef. So yes, that makes sense.

BB2.

Hi Northern, Mikie, Chester and all,

Train booked. Arrive KX 9.22. So see you in Cafe Nero for 10am on 12th.

Looking forward to it.....

BB2

Northman,

Thank you. It was posted yesterday and definitely a recommended listen....

Https://audioboom.com/posts/8562465-midweek-takeaway-with-leon-coetzer-ceo-of-jubilee-metals-and-charles-archer-long-term-ftse-aim

BB2.

Hi,

Despite the lack of financial info, I must say, to me, that is the most clearly written RNS that I have read from JLP. I think anyone reading it can actually begin to understand the plethora of information behind the (hopefully) rapid growth prospects here. Further positive input from Neal, I assume.

BB2

Hi,

You are correct....

I bought some yesterday at 4pm at 0.6389p

BB2

Hi,

Not sure if this helps?

https://www.investopedia.com/terms/c/closeperiod.asp

BB2

Thank you, Northern.

Had lots of health issues with my daughter....

Been adding quietly in the background, but as you know I am massively over-weight here already....

BB2.

Morning Seis,

Firstly, thank you for your continued input here. Much appreciated.

Are you currently using the WHI Broker Note dated 21st Feb 24?

I have been snoozing in the background here, waiting patiently, while sorting family matters ..........

Am wanting to get back up to speed on this.

Looking forward to meeting the usual "crew" at the AGM later in year.

Regards to all, BB2.

Wow...

Can the Board simply not now reinstate Callum to help to unpick the mess and help steer things forward?

Sell rather than see

Can't see them though.....