RE: Zeus Capital re JLP8 Feb 2025 12:11
Zeus Capital’s Take
Zeus Capital views these developments as highly positive for Jubilee’s growth outlook. The research note states:
“A positive update today with Jubilee trying to make good and accelerate its copper production. Against a growing copper price, this looks like a sound strategy. Our fair value remains under review.”
Zeus estimates that Jubilee could still meet its previous production guidance for South Africa and Zambia, with the potential to exceed expectations. Current projections suggest 8.4kt of copper production for FY25, slightly above the company’s initial guidance of 5.9 – 7.5kt.
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Final Thoughts
With power stability restored and a strategic copper acquisition in place, Jubilee Metals is well-positioned to drive its Zambian expansion forward. As the company moves through its test phase and production ramp-up, investors will be keenly watching for updated guidance. With copper prices on the rise, Jubilee’s proactive approach could set the stage for a strong financial performance in 2025 and beyond.ì