Member Info for Dru-SA

Haven't listened yet, so not sure how much, if any, coverage Jubilee gets.

https://audioboom.com/posts/8500425-sunday-roast-featuring-jason-starr-chief-executive-of-dillistone-group-dsg-atn-cgnr-kav

Post on LinkedIn by Ricus. Only saw it now (a few eeks old I think), but very relevant to the matter at hand...

I find it so interesting…

As part of my efforts with Makor Resources and formalizing artisanal AND small-scale mine operations, I am regularly having conversations with government leaders, community members and Large Scale Mining (LSM) leaders. Though I’ve spent a majority of my career as a large scale mining executive, I’m now sitting on a different side of these conversations.

It’s interesting to me the lack of accountability and responsibility that LSM executives and industry body leaders are taking.

It’s interesting to me that people think that by ignoring a conversation it will some how disappear.

The reality … it will not disappear. And large scaling mining corporations and industry bodies such as ICMM have a crucial role to play in supporting ASM and SSM mining in the world as major contributors to the industry and the transition of the work economy to hashtag#netzero.

The reality is that the majority of mining workforce are artisanal and small-scale miners - 90%, to be exact.

Leaning in and to become part of the solution is what will make it disappear, and by the way, change the world for millions for the better.

Copper 360 listed at R5.00; sp shot up to to R12.50 with a sharp then more gradual decline to R2.50. Sound familiar? Latest news on production has taken the sp up to R3.40 or so. When Roan's production figures are reported, better hold on too! Question is whether to top-up now, next week or the week after. Maybe all three until the imminent news hits!

Copper 360 bought a plant that was "ready to go". Makes a huge difference to developing from near scratch. Modular units have advantage of "pop-up shops" near or on waste assets....hopefully!

Https://www.miningweekly.com/article/copper-360-ships-concentrate-on-course-to-pay-first-dividend-next-year-2024-04-24

Amongst other info, see last para: "The Copper 360 business is focused on processing historical mined copper rock dumps through a process of environmental clean-up, and mining surface and shallow copper resources."

They have moved very rapidly - I certainly wasn't aware they were also processing historical waste.

Happydays, indeed that is quite some time and certainly longer than my paltry three years having taken my first position at the 2021 high when the PGM basket price was up there! But since I am posting a few of WB's musings on here, this one also stands out...

“Our favorite holding period is forever."

Quote for the day (or this 'waiting period') c/o Warren Buffet:

"The stock market is designed to transfer money from the active to the patient."

...perhaps followed up with another:

“Successful investing takes time, discipline, and patience. No matter how great the talent or effort, some things just take time: You can't produce a baby in one month by getting nine women pregnant.”

:)

Sies, do you know what the feedsource to Roan is? From the imagery it appears that they are processing waste rock from the nearby Bwana Mkubwa Mine pit (west of Roan). If so, it's the oldest mine in Zambia - some quite interesting history on Bwana Mkubwa on Wikipedia.

Hi SiesNav

Thanks for link to EUZBF conference/forum. I also note that there is a field trip on Thursday to amongst elsewhere, Jubilee! Given it's at Kitwe, assume the field trip is to the Roan Concentrator just outside Ndola.

I spent a little time on GE a few days ago and located it. Satellite imaged dated April '23, so somewhat dated, but nice to see it 'in the flesh'. Can post the coords if investors would like to take a look, as long as it's appropriate to do so? I guess its location is no secret!

JMG on Johannesburg Stock Exchange (JSE) up 6.6% in the first 1.5 hrs of trading this morning.

Https://sareloberholster.blogspot.com/

A little more background on Chambishi - see some of the comments below the article as well. The article is 2 years old, but there it still sits under care & 'maintenance'. May need a little tlc and a paint...maybe some left from Rowan's new front-end! No wonder the Zambian Government is rather keen to get something moving, hence the 'rumour'.

https://www.lusakatimes.com/2022/02/10/pressure-increasing-on-the-owners-of-chambishi-metals-to-surrender-their-plant-to-the-government/

Hi all.

SA investor here. Been following this chat for last 2 months...some most informative facts and views - thanks for that - you know who you are! Don't think we have anything like this related to the local JSE, so was quite a find. The other site too.

Was quite impressed with Neal's (CFO's) presentation/replies to questions yesterday (have watched all of Leon's presentations/interviews past few years so 95% wasn't new), but was unaware (or it slipped my mind if Leon mentioned it in a previous presentation) that Neal was former CFO at Mopani Copper and then Glencore Copper Africa before joining Jubilee. Worth pondering given the imminent finalization of the JV with IRH and talk around Mopani Copper Mine.

While I agree that Leon may have been overly excited about targets over the past few years (I initially invested a small amount in Feb 2021 at R3.32 = ~16p at the exchange rate then), but notwithstanding geopolitical factors, the Covid19 pandemic and the direct drastic decline in PGM prices, my view it that he has done phenomenally well in AFRICA (at large). I have travelled and worked in all southern African countries over a few decades, including in the Zambian copper belt (albeit not in the mining sector), and as the saying goes: "Africa ain't for sissies"! I think unless one has seen it, it's hard to imagine how tough the working environment is. There was a mention a few posts back of a video on mining in Zambia. Worth checking out a few youtubes - even if just for interest! I live in a well-developed (semi-first world...in parts) city in SA but have solar on the roof and water tanks. Sound familiar...'infrastructure' challenges. 'Eish' (local lingo: translate = Oh My Gosh).

My 2.5 (SA) cents worth.

May the many cents invested recently grow at a reasonable rate in the YEARS ahead. Seems to me it's certainly pointing in that direction. To quote an economist/analyst on yet another equities chat site, the stars do seem to be aligning.

Cheers Dru