Member Info for gotreal

"Engineer: They do want to access the ore body — that’s clear. We’re talking about 154 million tons of defined ore beneath us. In total, it’s closer to 300 million tons. That’s why Vedanta fought so hard to get control back; they can’t let that kind of resource go.

Interviewer: That’s massive. Especially with the push for electric vehicles and green energy.

Engineer: Exactly. This ore is critical."

Large Waste Rock Project is 240 million tonnes.....

It means that all of our local costs will have gone up by that percentage relative to the dollar, whereas our products are sold in dollars, so, no, not ideal. But imported capital equipment or fuel, for example, should have become relatively cheaper. In compensation, and to an extent the reason why it has appreciated, the copper price has likewise appreciated by 13% this year and historically the Kwacha has been linked to the price of copper which shows just how important it and producing it are to the overall economy. Kwacha appreciation is an indicator of the strength of the Zambian economy to attract inward investment, reinforced by the recent backing by the IMF, so from that perspective it could be seen as an unwelcome positive as long as it doesn't run away with itself. But if copper continues to go up in price it is likely the Kwacha will too. Currency stability is what the country and we need.... This is a really good article on the big picture: https://discoveryalert.com.au/news/zambia-copper-industry-transforming-economy-2025/

Hahaha .... very selective..... have you got your beer goggles on??

The multiples applicable to a focussed copper business with defined (and large), de-risked resources and little debt will be a magnitude higher than now and it will be a much more easily measurable and predictable business with lower overheads, and more investable. In 6 or 7 months time when the expansion of Sable is complete, just between Roan and Sable we will have processing capacity of up to 27,000 tonnes of copper units. This discounts any modules sited locally at the open pits or at the LWP producing saleable concentrates. The challenge is how quickly can we fill the processing capacity. But as an example, the oxide reef at Munkoyo was cited as being as shallow as 5m from surface and 45m deep. Since then we know that there is a further sulphide ore body beneath it. And regardless of the drilling campaign, production will continue and be expanded quickly once it opens in September. What people tend to forget is that, unlike a deep mine that would take 10+ years to get into production, Munkoyo was producing 2 months post acquisition. So new resources producing high grade ore that can be processed and refined at Sable can start to pay back literally in months. The CURRENT NAV/share is 6.84p, Gray, and with so many moving parts, a prediction can only be a finger in the air, but in 18 months, I suggest somewhere north of 15p.

Excellent post, Northern. To back up the assertion that the speed of Zambian expansion was being restricted, and we need to move faster, this from the RNS of 28th May: "The Company is in advanced discussions with a potential mining partner to form a collaborative agreement to combine their exploration and mining skills with Jubilee's processing expertise. The combination of such expertise and skills set would allow Jubilee to accelerate the implementation of its near surface mining strategy to OUTPACE POTENTIAL COMPETITORS. Munkoyo offers a great potential to initiate such a potential partnership."

Once the initial CPR for Munkoyo is released in a few months, and the magnitude of the resource it has becomes apparent, I believe we will suddenly be in a different league. Add to that Project G and the other new exploration properties that have been secured and a long term income stream that can be valued is assured. Predictions of a SP of only 6p in 18 months are woefully low.

"Don't see a point to buybacks with so many shares in issue and a board addicted to equity raises." No, especially as they have said that the capex requirements for the next 5 years will be met by the sale proceeds.... 🤡

Hahaha.... they equate to a few hours of trading on an average day.....

Chatty .... What is it about your twisted view of the world that makes you think casting aspersions about the veracity and probity of the company's statements and management equates to "fair comment"?? You think JMK will see what you wrote as "fair comment"?

From the RNS of 2nd October 2013. "Jubilee's 63%-owned Tjate project on the eastern limb of the Bushveld Complex is independently judged to contain the world's largest undeveloped defined block of platinum ore. The property covers 5,140 hectares on three farms and the area has been independently appraised to contain a potential net 70 million ounces of platinum group metals (PGMs) and gold. This represents the resource targeted by future exploratory drilling." Sebato do not own 40% and are not the majority shareholder, no matter what they may claim on their website

Https://online.flippingbook.com/view/34265048/62

Chatty .... Of all people.... that coming from you made me laugh out loud! Some examples...

"Will the circular drop this evening? I'm starting to wonder if there even was a bid. Was this just a crap attempt to draw in a 'counter offer' - i.e. publicly announce a deal so bad that competitors make approaches with better offers?"

"IMHO it seems implausible that other mining/processing companies have never thought to employ highly skilled chemists to assess the commercial viability of copper extraction from low grade waste rocks. We're talking about huge multinationals with large R&D budgets. They will have access to the finest Geologists, Geochemists and Chemists on the planet. The commercial viability must have been assessed by other companies and rejected as not worth the hassle or expense."

"Is the CFO working in Slater's best interests, the shareholders' or the board's?"

I'll bet JMK really loved that last one.....

Northern... what is your view on this: https://fuelcellsworks.com/2025/01/10/energy-policy/jcb-hydrogen-engine-approved-for-sale-and-use

Couerdeloin ... If you think the difference between truth and lies is a trivial matter then so be it.... but for literally everyone, it is their sentiment toward the company, shaped by all aspects of how it is portrayed, financial, operative and reputational, and possibly their own sense of having been wronged by it in some way, that determines whether they buy or sell the stock. Investing is ultimately an emotional decision. That is what the word sentiment means. You feel good about the prospects of the company so you buy. You read lies and innuendo about it, and if you are influenced by them, then you might not buy or even sell, if you are gullible enough to believe them. There is no greater truth than for every individual their perception IS their reality. And what influences your perception forms the subjective "reality" that you act upon. That is sentiment. The price has risen by 10% so far today as the perception of the proposed sale has changed sentiment toward JLP. Soon, the traders will notice the rise and cash will flood in driving it higher. Lo, improving share price, improving sentiment and so a virtuous cycle begins.....

4ever.... long "Sentiment alone won't drive the price." Sentiment is the ONLY thing that drives the share price and is influenced by many things including hitting targets.

It was to put people like you back in their boxes that he appeared on the board.... And what answers has he given here? None that weren't already in the public domain because he cannot disclose anything here that isn't.

InsideEdge, the price here has been ridiculous for months. In the last audited accounts the net tangible asset value of the business was quoted as being over 4p/share. The net asset value, being total equity divided by shares in issue was 6.84p/share! The constant posting of cr4p by the usual suspects here has, as suggested by JMK, undoubtedly affected sentiment toward the company and contributed to the current SP. The obvious question being, what has been their motive to persist week after week undermining a company that they were supposedly invested in? Stupidity? Or something else..... Anyway, they seem to have gone very quiet now and in some cases had a road to Damascus experience and changed their tune entirely....

Haha.... 120 million shares to shift... and you said they had been forward sold?? BTW, 260 million traded so far today.

Nm

Manifesto: "Why do you all think the rise has stalled ???" Because nothing goes up forever in a straight-line and many people have invested and are simply awaiting updates on the drilling. There is ZERO evidence that any fund raise is necessary at present. You are being "disingenuous" at best... but in reality....

Manifesto... there is nothing honest about your opinion.