27% for me . Jubilee is my favourite and most successful investment ever. Been here 4 years this week. Bought and sold well to date more than covered my losses in HUR DEC & TERN. Onwards and upwards from here.
Very happy to hear Meta promoting Fundamental VR on Classic FM today. I guess 30 second ad extolling the contribution Fundamental VR are making in the field of cataract surgery. Clearly Meta think a lot about this company.
Price $8690 and rising. Highest since July last year.
Currently indicating $8578 per tonne.
Copper price achieved is a mix of cathode & copper contained in sulphide. Copper contained in sulphide about 2/3 price of cathode.. at the moment split is about 50/50 between the 2 according to presentation yesterday.
Leon keeps his cards very close to his chest. I was keen to ask him to explain how sable 16,000 tonne capacity will break down. I think Roan is slated to produce 8k tonnes of sulphide to be sold on and 5k tonnes of oxide to onward processing into cathode at sable. Sable I think has capacity of 14k tonnes of cathode production from oxides and now presumably 2k tonnes of sulphide . 5k tonnes oxide from Roan I get , the balance to come from Munkoyo and third parties but unspecified concentrate levels. Can anyone on the board enlighten/correct my understanding?
Don’t forget 9am GMT. Another chance to hear Leon dish out some more pearls of wisdom.Oh absolutely!
As highlighted by SEISNAV and now LUFC. No one on this board was expecting Thutse to deliver c$100 per tonne of margin. At these prices chrome delivers c$10 million per quarter margin and the next module will increase that number by $5 million per quarter. Anybody like to give Leon any credit for this? Instead of bleating on about Roan being later than forecast
$8530 per tonne , highest it’s been in 6 months.
It’s up 3% today could this be the reason for the price rise?
Https://substack.com/@theoakbloke?utm_source=substack&utm_medium=email
This helps to explain todays RNS.
Just listened again to recent Roast interview with Leon from the indaba in Capetown. He seems to reference that the expected output from Monkoyo is going to be 12,000 tonnes per annum. He follows that up by saying 4 Monkoyo = 50,000 tonnes Pa. I previously thought we were only expecting 1x35000 tpm module to be sited there which roughly equates to only 3500 tonnes Pa of copper. Have I misunderstood or is Leon holding something back?
By year end 2024 JLP running at 2000 tonnes per month of copper cathode and copper contained concentrate from Sable and Roan. c150,000 tonnes per month chrome concentrate and c3500 ounces per month PGM.
By June 2025 expect to be producing an additional 2000 tonnes concentrate per month from 4 or 5 concentrators in JV with IRH from OB dump for shipment to Mopani. Plus some upside potential from Monkoyo when that unit gets going in early 2025.
If this comes to pass then very happy days for todays shareholder.
Looks like the Roast boys followed Leon to Capetown. Very positive as you would expect.
https://youtu.be/WoCSXh0ixro?si=4aDp8dDB0THZb8K1
Thank you all for your answers. Very informative.
1. What does Sable do with its copper sulphide? I seem to remember great fanfare about Sable being able to process copper sulphide without smelting it. Is the copper produced able to be turned into cathode or is it lower quality?
2. Anybody any idea of how much copper sulphide is being produced at Sable?
3. Anybody any idea of the revenue per contained copper tonne of the sulphide concentrate produced at Roan?
Just short of up$200 on the day.That makes the estimated 3.5 million tonnes of copper contained in the OB waste dump value at $30 billion. Even if SPV recovers 60% that’s still 18 billion. Here’s hoping the electric widget turns up soon.
$8540 this morning. Should be good news for copper shares
Thanks for your replies all. Definitely need to resolve the confusion.
If I read it correctly OB seems to be under the impression copper forecast is all cathode not a mix of cathode and sulphide concentrate. Following Seiznav comment yesterday that copper tonnes in H1 seems to be a mix of cathode and sulphide concentrate (which is much cheaper) we need Leon to be clear with us on how much of which type is being produced. Seisnav - what are your views on what makes up copper guidance and production split?