Member Info for Everopeful

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?

Thx for the explanation Seis I must admit I was using todays copper price and assumed it was all cathode which is wrong

Doing some quick sums based on Q1 production update copper margin is c@$3500 per tonne, Chrome margin $10 per tonne and PGM $156 per oz. So very rough calculation. Copper margin >$2 million per month going _$3.5 million by April. Chrome margin $1.3 million per month and PGM ONLY $0.5million per month. Surely the last metal the share price should be tagged to is PGM?

$8562 up $90 so far today approaching 6 month high. At 600 tonnes per month that must be approaching $2million margin per month going on $3.5 mill when this electric motor turns up.

Shareholders can complain about delays to this and that project and lack of clarity and frequency in market communications. What shareholders should not complain about are the huge strides this company has made in turning itself from a metals minnow into a potential world metal processing and reclamation power house. Leon’s ambitious plan to become world no1 Chrome supplier and now a major copper producer is there for everyone to see. I have been heavily invested in JLP for 4 years now and assuming this IRH deal gets signed in the near future all I see is a very bright future for long term holders. Keep the faith is what I say.

If true happy days

https://youtu.be/-YVSnXuatsA

Oops knew doh

Thx got real. I new one of the more informed posters would know

Question for the more informed posters on this board.

Leon said he was shipping project M rock directly to Sable for refining. Does that mean that there is a copper concentrator at Sable? If so how much ore can it process and if not how is the rock being processed?

I suppose this is being done to mitigate the delay in Roan concentrator it will be interesting to see q2 copper production and hear Leon’s view if he can hold full year copper forecast

i cannot find anywhere any indication of what above ground metal reserves jlp has secured. i have ploughed through various rns notices and come up with the following for copper only.

270 million tonnes tailings @ 0.3% copper at roan and elephant i think. =c900,000 tonnes copper

13 million tonnes ****@mufulira =c80000 tonnes copper

350 million tonnes waste rock @ upto 1.5% copper (guess1%) average =c3,500,000 tonnes copper

+project m plus bits at sable . if those reserves don’t make us a copper producer i don’t know what will.

shame he seems to have got his mufulira **** heap mixed up with the over burden heap. unusual for the oak bloke as he/she is usually pretty spot on

My sentiments exactly Mikie. See you at the GM it might be lively

I have read that JLP will pay $30mil for the mining rights which will be ceded to the SPV and the overall cost of the 4 module project is $50mil. Expecting 2k tonnes of copper per month @ cost of $3800 per tonne. IRH will provide the finance in return for c70% of SPV. So project should generate c24k tonnes x c$4500 per tonne margin per annum. My question is the total cost of the project $50mil or $80mil.

I wonder how many O&G companies of DEC’s size on NYSE yield 20% dividend? It must create some interest amongst US funds and PI’s looking for income. Worth an go in my view Interesting few weeks ahead .