Member Info for Coldfeet

@Mikie

So glad you've brought diarylee triangles into the mix, getting bored with the Elephants..!!

I've been looking at the value of the current secured copper/cobalt in situ, and the figures are scary so I've factored in 50% recovery and I'm still not believing my eyes. I know we are looking at 1-3 years but, barring getting the virus, I can wait that long and cobalt futures are looking very good.

Of course, that's ignoring anything else JLP have on the go with platinum and chrome but I keep thinking of the future potential links with Chile and Aus, and we should never overlook the Nickel/Cobalt potential. If JLP are sniffing around DRC then who knows what might happen, the good thing is tailings have a such a short commission to revenue timescale compared to mining and the future cash available for reinvestment wherever JLP decide is, imho, the way to go. Dividends can wait for the time being.

What makes me laugh is we are valuing Kabwe and Tjate at zero value with Roan and the Elephants enough to look forward to in the short/medium term.

ATB

@Mikie

Don't forget the Chrome at $20 margin, 600kt would be worth another £9m.

Every little helps as they say..!!

See you in 3 years.

ATB

@dorfan01

I've always questioned whether investing on the AIM market is smart as the majority fail or are run by someone looking a bit like Woody.

Very, very occasionally you find firms like JLP.

You're aware your wording could have been a bit better but I see your overall point.

@dorfan01

I agree that there is more value in Tjate than is being allowed for in the MCap, which is good for LTHs like me still buying at these prices, and that also applies for Kabwe.

In my opinion JLP's business model will not change from tailings recovery but that doesn't stop them from, effectively, contracting the mining out to their neighbourhood specialists, in exchange for a large percentage of the resource.

I also do not see why this is being written off on the basis of the cost of a "new" mine, which from memory would be $4-500m as, again in my opinion, the resource at all 3 farms will be accessed down dip from one or both of Tjate's neighbours.

Hopefully we will find out JLP's plan for Tjate soon.

ATB.

Hello Everopeful,

I was re-watching some Leon interviews last night and I even found his comments about increased margins on the chrome very interesting. Could be looking at $20 profit per ton which is significant on it's own.

Find it quite funny that that process is only carried out to get to the PGMs and they will be making good profit from chrome extraction as well.

ATB

You may want to add BCN to your list.

Be lucky.

@dorfan01. I've just looked through your corporate experience in SA mining and found this very interesting. Your approval of JLP is, in my own opinion, an excellent endorsement of Jubilee's future. Thanks for posting.

Hello Chrismar,

I remember, many years ago, reading some material which suggested that for companies with growing revenue/earnings the PE used was in the 20-40 area. I agree the current PE seems very low, assuming JLP achieve their growth targets over the next 3 years.

I'm not suggesting the upper level of that bracket applies to JLP otherwise the SP projections get very high but your suggestion seems reasonable for the future.

CB appeared convinced JLP will be mid-market which sets a potential minimum SP target of around 30p for me.

If the market like what they see a higher PE will follow.

ATB

Mikie, stop deramping..:)

We ain't seen nothing yet.

ATB

As Portal said, so when another 0.32% is sold another TR1 will be due.

Recruiting HSE.

https://jobwebzambia.com/jobs/senior-hse-officer-sable-zinc-kabwe-limited/

ZMERIP making progress with ESIA as main canal getting some rehab early 2021 so Kabwe clean up should hopefully start soon.

Be lucky.

TBTT,

"Its topsoil contains high quantities of lead dust"

ZMERIP, which as you know JLP are party to, are carrying out ESIAs, so that the the lead/zinc can be removed as safely as possible, in my opinion.

Until that is complete and the process agreed I see no progress with the tailings.

ATB.

MinorMiner

"I wonder what the Zambian Government's position is on Jubilee failing to get anything cleaned up at Kabwe"

Assuming you are referring to lead/zinc and ignoring copper how did your enquiry with the GRZ go?

Last I saw the Program was making progress with ESIAs so why would the GRZ have an issue with JLP (your insinuation) at this stage?

I disagree PP1.

Newuncle was clearly referring to CPX and not "all share prices".

CPX may have some potential but the SP has been dropping for 2.5 years, as has the revenue. CPX is punt value, nothing more at this point in time, and if the SP doesn't hold the current mark then there is much further to drop.

The jam is getting mouldy and that is plain to see.

ATB

No idea what that has to do with the contents of your original post I have no idea, so let's go back to it.

"it is one of the reasons why many academics are against Brexit"

Since when were Pakistan part of the EU?

"We have really benefited from freedom of movement allowing scientists to come and work easily in the U.K., ".

So long as they are EU scientists?

Personally I would prefer all scientists to have the opportunity to work in the UK, regardless as to which country they are from.

Jonah58,

Yes you believe right. Cobalt is mined as a by-product of copper.

Rosewall,

Do you not want Scottish independence then?

ATB.

Rosewall,

And when I see teenagers consider their own carbon footprint I might listen to their rants but all I see at the moment are hypocrites.

Slides are on JM's website, nothing new of course.

Really, is that the best you can do?