Member Info for Chatmandu

AI never sleeps.

How long do you think it will be until the various projects start producing significant copper and things start to gain momentum?

How do you filter out specific users?

I've bought another 100k @ 2.999p.

Total holdings are now 400k @ 5.05p.

@ Jonathan

Thanks for taking time to post on these boards.

'Morley-Kirk will serve as the interim finance director, effective immediately, until a new chief financial officer is appointed.'

https://www.lse.co.uk/news/in-brief-jonathan-morley-kirk-joins-jubilee-metals-as-board-member-taj79lp9izdvf2n.html

Has your position now been made permanent? Are you planning to stay for the foreseeable future?

Thanks.

Is Jonathan there to keep him honest? If not, I'd suggest people avoid polluting their brains with Leon's 'optimism'.

Sorry - fat finger error.

Plus instead of a multiplication. FFS.

@Seisnav

"35,000 tpm throughput x 1.5% grade x 63% recovery = 330 tpm copper units."

My calculator says different?

35,000 x 0.015 x 0.63 = 330.75

https://i.postimg.cc/K8CL6Syj/image-2025-08-21-111708904.png

@Happydays

Unless I've missed something, the published capacity of Roan is 525 tpm / 6300 tpa @ 35k tpm feed with 1.5% copper concentration.

"The work has confirmed Roan's ability to operate comfortably at a run rate of 35 000 to 40 000tpm. The ROM material averaged a grade of approximately 1.5% Cu while maintaining copper recoveries of approximately 63%, exceeding expectations with the potential to improve recoveries going forward."

I make that to be a capacity of 525 tpm copper from 35000 tpm of feed.

"Roan has set an immediate production target of 35 000 to 40 000tpm total facility throughput targeting production of 240 to 360 tpm of Cu units (depending on copper grades), with production commencing this week."

Why is the target only half the stated capacity? Are we only processing 0.75% copper?

Just to add - if this were an investment fund, then the 'management fees' would be a massive red flag.

Performance related pay would be nice - e.g. base salary of £125k + bonus and shares tied to copper output, profits and share price.

He should be rewarded for long term value creation and shouldn't be pocketing 2.5% of the rump company's value as salary every year.

"There is no future for Jubilee in processing other peoples chrome unless average prices are substantially higher and or PGM basket is substantially higher."

The problem, as per yesterday's call, is actually the elevated price of the feed material and the lag between chrome and the feed material prices falling.

Charles Archer mentions a long term target of 100k tonnes. Obviously, given Leon's track record, we should take any targets with a hefty pinch of salt. With that said, does anybody know the 'industry standard' profit margin for integrated copper miners/producers?

The current price on the LME is $9692.

With a 10% margin, that would be $97 million in profit and $1.5 billion company valuation (roughly 50p per share) on a 15x multiplier.

Is a 10% realistic? What about the valuation multiplier - it's obviously not a FTSE100 enterprise.

What about the medium/long term price of copper?

Are there any threats to copper that might detail things - e.g. cheap graphene cabling?

I think it was Edzi who stated that he had attempted to contact Leon on numerous occasions and had never received a response.

The only person who's claimed to have had dialogue with management, that I'm aware of, is Papi.

Based upon Jonathan's input, I have purchased another 100k at 2.925p.

Total holdings are now 300k @ 5.74p.

I'm planning to buy another 200k if the price remains below 3p.

From what I remember, Jonathan wasn't complaining about 'negativity', he was referring to rudeness and abuse. He said that potential investors might visit the boards to gain further knowledge about the company, see the abuse being thrown about and decide to move on.

Now... I think we all know that the are two main culprits that repeatedly throw insults around - especially towards any new users.

Those two always claim to be waiting for updates from management. They've now received it from the horse's mouth. Will they change their behaviour?

the investor meet is now available on youtube.

https://www.youtube.com/watch?v=6mhm-bv0gla&t=1s

what is the private feedback thing that's mentioned at the end? did anybody attend that bit?

i skipped through leon's input, because i consider him a bull**** artist. jonny's input was interesting and i was glad to hear him say that he's fighting for shareholder's interests and not management's interests. leon didn't look too happy during that bit - good.

Is this a webcast? Does anybody have a link?

The share price has only gone below 3p recently. The sale of PGMs was only announced recently.

Why would it be strange for investors to recently go in search of information?