Member Info for eagle1234

That is actually 5 weeks ago (36 days) - but does suggest it will be out shortly!

Looks like an automated summary page rather than any attention from an actual human.

Keeps rising every time I look LME $11,200 and Comex around $11.6k

HarmProf, forget to change accounts? or just referring to yourself in the third person now?

"Suvlin, Harmie’s got more confidence than JMK in Jubilee—he’s been buying more shares! Let’s hope they rise soon so we can still enjoy some profits while we’re alive!"

Nevertogive up... comex is at ~$11,400 not $10,400.

LME at ~$11,100

My thoughts too.

Oak Bloke re-recorded it tonight, seems a likeable chap:

https://www.youtube.com/live/zVuzLHNr3oU?si=o8y6X0oq-i2HBaZS

If he's reading this:

- in the article you were showing (unpublished) on the screen it said "Chingola will be developed with a partner's involvement (to part fund it) and an Abu Dhabi-based business will prospectively partner contributing $25m" from the RNS: "Jubilee is well advanced in negotiations to replace the initially targeted partnership pursued with an Abu Dhabi based group." So slight correction required there I think.

- At the beginner your article says "Slater - exiting left" when discussing institutions that have left. I think Slater reduced by by 48 miliion shares at some point this last year but as it stands it's not clear they still have 314m shares (at least as per the Jubilee website)

Thanks.

I commented on the YouTube Video to the same effect and looks like it's been removed for now! The rest of the video was good, so maybe he'll edit and correct just that part.

At 34:31 he adds (minuses a minus) the revenue to the cost of sales to get an EBITDA or $116m...

It should be $76m revenue minus $40m COS = $36m operating profit.

Thanks Seis. Glad you clarified that point on contained Cobalt - thought I was going mad as couldn't understand the market dynamic as to why cobalt hydroxide with twenty-something percent cobalt would be the same price as pure cobalt!

And generally, thanks for your inputs on here, including the graphs.

Ah ok, thanks. And you're sure that the price of cobalt hydroxide isn't being normalised to $/tonne of contained cobalt to account for different contained metal percentages and different water content etc?

I can't see how a product with a quarter of the actual contained cobalt is going for the same price as pure cobalt. Is there something I'm missing?

Thanks - and to be sure, cobalt hydroxide 28% is what is quoted on the LME at circa $45k per tonne?

The specification on LME says "Cobalt with a minimum of 99.80% purity"

I'm confused.

"before ramping up to the 1 200 tonnes of contained cobalt metal annual capacity, which equates to 5 280 tonnes of final product "

To me this reads as 1200 tonnes per year (100 tonnes per month) of pure cobalt, which is currently priced at ~$45k as you mention.

But they are saying they are producing 5820 of final product which is the cobalt hydroxide (1200/5280 = 23%) at 23% purity.

So I think the relevant calculation is 50 tonnes per month * $45k * 60% margin (your number) = $1.35m

Or at the 1200 per year (100 per month): 100 * $45k * 60% = $2.7m

Am I missing something? Or perhaps you're accidentally using the pure cobalt price with cobalt hydroxide production.

Seis, what's the difference between "contained cobalt metal" and "final product"?

" The Company will initially target the production of 50 tonnes of contained cobalt metal which is the equivalent of approximately 220 tonnes of final product, before ramping up to the 1 200 tonnes of contained cobalt metal annual capacity, which equates to 5 280 tonnes of final product "

"increase in copper units of a further 120tpm".

120 tonnes * 12 months = 1440 tonnes

1440 tonnes * $5000 profit per tonne = $7.2m

$9m / $7.2m = 1.25 years

Seems a pretty good payback.

*US$3.225m

Seis, "270 tonnes per month of cobalt hydroxide (75 tonnes of contained cobalt)" - can you confirm that Cobalt hydroxide is $43k/t or is that the price for contained cobalt? i.e. is the relevant figure 75 tonnes * 43k = £3.225k revenue per month

Just checking as I'm unsure.

4everlong - I'd say it's quite likely that Slater is a formally an "Insider" and receives information that isn't in the public domain. This brings a host of compliance issues and likely limits trading of shares to certain times, or when the information they are privy to becomes public. Someone more knowledgeable might be able to explain more.

If JMK purchased shares on 5th September would that need to be at least 30 days before releasing any financial information?

So, if correct, that would put us at 6th October at the earliest for any update?

LME Copper closed up at $9900 last week, long may the trend continue.

His AI chat bot keeps talking about the Zambian government as it keeps wrongly conflating the information in the KCM report and more general Jubilee discussion.