If you would like to ask our webinar guest speakers from WS Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund a question please submit them here.
@gotreal I did not read your spin to current RNS. Please decipher for us idiots HQ blabla. It is probably good news but unfortunately market needs time to understand this piece of quality literature. Until then back to the bottom.
@dorfan By all respect sir but what kind of Leaders of "new" industry do you refer to?
How much profit do they make? Just asking.
The only reason this board exists is to find new "investors". Do your own research. Especially hard with tiny companies. Even harder with companies from Africa.
Copper production will likely be zero or really low. We already know that. Market might be surprised anyway and we might retests September lows. My wild guess is meaningful copper production starts next fiscal year. Will market front-run or play wait and show me what you got play?
Today had a nice run up, but unfortunately this looks like Yemen related, but maybe not. Most commodity companies had a good day and quickly returned back to earth. I am not sure how a full blown war helps commodity sector.
Leon is a well respected person in the industry even he can sometimes fail. Jubilee is unique. Unfortunately this does not help for copper cathode production. I hope they will soon announce another tailings win. I prefer DRC. Copper grade is much there. Maybe that helps.
Interesting definition of dumb, but I realize there is always an if that is in Jubilee's way. Jubilee in the wrong jurisdiction, not supported by a state entity etc.
I did not come with cobalt. It is the company that told us, we are capable of producing it and just waiting for the right price.
I wonder how much Cobalt they are going to produce in 2024?
Maybe better: Are they really capable to produce Cobalt?
Eurasian Resources Group Cobalt Market Outlook
By Benedikt Sobotka, CEO of Eurasian Resources Group
“The outlook for cobalt demand is compelling, and it is therefore incumbent on us all to
redouble our efforts, and despite the short-term swings of sentiment and all the recent market
volatility, increase the much-needed investments in mining and refining of cobalt as the key
metal required for the green energy transition.
While in 2024, according to CRU, the expected cobalt supply could potentially record an
impressive 20% YoY growth, this should be largely outpaced in the following years by
consistently increasing demand. The recent projections by BMI assume that demand for cobalt
will double by 2030 in comparison to this year’s levels, and primarily driven by the rapidly
growing EV’s battery sector. The Combined EV sales in EU, EFTA countries and the UK
increased by 30.1% YTD compared to just 8.6% during the same period last year; EV sales
in US and Canada increased by 59.1% YTD vs 40.8% last year.
A further robust growth in the electric vehicle market will be underpinned by several factors.
Regulatory and fiscal initiatives such as the 'Inflation Reduction Act' and the 'European Green
Deal' are set to further accelerate the rate of EV adoption over the coming years. These
initiatives create a favorable environment for EV sales growth, particularly in regions like the
European Union, where a 31% YoY growth is expected, as well as in the US and Canada,
where a 43% YoY increase is anticipated in 2024.
The decline in the global weighted average price of lithium-ion cells, which has fallen below
USD 100/kWh, is a significant contributing factor. Recent data from the Benchmark Lithiumion Battery Cell Price Assessment shows an average price of USD 98.2/kWh, representing a
substantial 33% decrease from the price recorded in March 2022 when it had peaked at USD
146.4/kWh. This price decline supports EV production and sales by making EVs more costeffective and accessible to consumers.
In 2024, Rho Motion forecasts that global EV sales will continue to surge, reaching 18.7M
units, with electric vehicles accounting for 21% of all car sales, up from 13% in 2022. According
to CRU, cobalt demand for EV batteries will reach nearly 145kt in 2024, which is equivalent to
total EV demand in 2021 and 2022 combined.
In 2024-25, we also anticipate a resurgence in the portable electronics market, driven by both
economic recovery and the natural refresh cycle that will stimulate sales. Our optimism is
primarily fueled by the growth of markets in developing economies and an increasing surge in
demand within the power tools and e-micromobility sectors.
We also expect a stable recovery and sustained growth in the aerospace and medical
sectors, which will continue to underpin the metal demand for cobalt globally.
Another down day incoming , with news flow never better, I wonder why Mr. Market is so blind. Maybe it is because everything announced is only vague as always and IRH does not need Jubilee at all. Maybe it is only commodity prices. Maybe dilution does not help share price is either. I bet gotreal et al has a convincing explanation for this mess.
Do you think this refinery is for sale? Follow up: What kind of price tag is on it?
For lurkers interesting info about Chambishi Metals: https://www.lusakatimes.com/2022/02/10/pressure-increasing-on-the-owners-of-chambishi-metals-to-surrender-their-plant-to-the-government/
Good points ChesterGreen, i think a thread about competition possibly shows you how much they paid for tailings, how much they produce, everything is about comparison, you know that. The only reason I can think of not to write about competition here is to tell (lazy) retail investor JPL is unique and there is no competition.
Btw I did not know they own Chambishi refinery and the reasons why they are not allowed to use it. I am pretty sure I am one of these retail investors.
Innovation? What kind of process they are using to extract copper? Last time I checked they did not extract much and please don't tell me about 2 mio chrome processing and PGM.
I wonder why JLP is always claiming they can do something what nobody else can do. Obviously a few miles north Zambia there is a company that is pretty good in doing what JLP is claiming to do exclusively. Anyway ERG got the backing from a government therefore Metalkol has to be ignored. (because it is too easy I guess)
Please gotreal don't hijack my thread.
Awesome:
ERG’s Metalkol in Africa achieves ISO 9001:2015 certification for copper and cobalt hydroxide production
https://www.corporatenews.lu/en/archives-shortcut/archives/article/2023/10/erg-s-metalkol-in-africa-achieves-iso-9001-2015-certification-for-copper-and-cobalt-hydroxide-production
Lightyears ahead!
ERG has what JLP wants:
ERG’s DRC interests also include 18 permits near the Zambia border and control of a lease on multiple tailings dumps that may hold more than 2.5 million tons of copper and almost 230,000 tons of cobalt.
I am interested in this report:
https://www.woodmac.com/reports/metals-metalkol-rtr-sxew-copper-mine-project-16145988/
Unfortunately it ain't cheap.
I bet gotreal et. al . got it. Care to share?
I watched it and they really need to do their homework. Only talking, no hard facts, nothing new. Why even bother to distribute such a piece of nonevent?