RE: Annual Earnings Estimate29 May 2023 18:37
And I acknowledged that here last week.
The difference is that THS has delivered on their capex... JLP was meant to be delivering close to 100 EBITDA just from Kabwe vanadium, there's not even a licence for it anymore and not a single update from the company... Copper was meant to be 10k tonnes, it's now an ambitious 3k...The pgm had a path to 80k ounces, that's now 40k
The difference between THS and JLP is polarising, hence why I reiterate that THS is a hold and JLP is a sell.
Still massively overvalued here, JLP doesn't have the cash to chase the cobalt fantasy and no avenues to raise from other than tapping shareholders.
Just remember only one person here has been right so far.