Member Info for gotreal

QED is not BP! When you have NO income, SOME income is very relevant!

"To label all SAns as Boers would be seen as an insult given the racial / ethnic diversity." I didn't.

I was not talking about any other PGM producers... and tell me, which of those own the chrome ore source and which don't?

Shuvlin, for some reason that I can't explain/understand, it seems to me that there is a cohort of South Africans that are against the deal for more than business reasons. Whether it is Boer pride or something else, but the absolute determination to spread falsehoods and undermine the perception of the management is obvious. Whatever the reason, there can be no excuse for spreading misinformation and opinion dressed up as fact.

As Mikey says, frankly we are over a barrel in SA and this is a, and probably the only, way out with at least NAV recovered. And now we know the debt goes with the deal I believe most people see it as a reasonable, and actually, in reality, a bl**dy good deal in the circumstances, and will vote for it.

I also do not think most people understand how amazing the grades of copper that we have acquired are, compared to what is processed in other countries and by other producers. It is the fact that we have developed the means to process transitional reefs that at present others can't, economically, that has allowed us to steal a march in obtaining the rights to them. The management clearly have no intention of making the same mistake that they did in SA by not capturing the fundamental resources early whilst they are still of little value to anyone else. As it is, and based on the extensive testing that has already taken place, we own tens of billions of dollars worth of contained copper for which we have paid but a few million dollars. Now we must release that potential.

How odd! HarmProf calls the CEO LEO....just like Adriaaaaaaaannn.....

Another poster appearing with a new account today bemoaning their "fate".... Odd how so many of the newbies can't write English ....

It will easily get voted through.

Which podcast?

Gray... So how do you reconcile your statement "The problem with Project M is it hasn't produced material to be processed at Sable over a consistent length of time. " with:

"Munkoyo to date was operating a single pit with a mining rate of 80 000tpm. Of this, approximately 3 500tpm of high-grade ROM (of approximate 2.5% Cu) is delivered to Sable. A resource drilling program has commenced to upgrade resource confidence and optimise open-pit design. Munkoyo consists of 9 initial test open pits of which ONLY PIT 5 was developed to mine and deliver the initial copper ore to Sable. Eight drill holes have been completed of varying depths to test lithology and continuity. Early indication from drilling results has pleasingly delineated the presence of copper sulphide beneath the existing oxide material.

The Company is exploring the potential to merge the satellite pits into one large open pit which will provide increased flexibility and productivity for supplying Sable. The Company has temporarily halted mining at Munkoyo for July and August 2025 while the extended pit design is completed based on the drilling results and will recommence ore delivery to Sable from September 2025 in addition to the current production from Roan.

Production will commence targeting 4 500tpm ramping up to 8 500tpm. At the targeted grade this equates to approximately 200tpm of copper units delivered to Sable in addition to the production from Roan." They have been mining Munkoyo since July 2024!

apologise? to you? when you claimed they don't know where the high grade ore is despite having been mining it for nearly a year! "munkoyo haven't got high grade ore for sable ... for how long now? ... we drilling there now to find it ... are we going to find it???" fool.

"munkoyo to date was operating a single pit with a mining rate of 80 000tpm. of this, approximately 3500tpm of high-grade rom (of approximate 2.5% cu) is delivered to sable. a resource drilling program has commenced to upgrade resource confidence and optimise open-pit design. munkoyo consists of 9 initial test open pits of which only pit 5 was developed to mine and deliver the initial copper ore to sable. eight drill holes have been completed of varying depths to test lithology and continuity. early indication from drilling results has pleasingly delineated the presence of copper sulphide beneath the existing oxide material.

the company is exploring the potential to merge the satellite pits into one large open pit which will provide increased flexibility and productivity for supplying sable. the company has temporarily halted mining at munkoyo for july and august 2025 while the extended pit design is completed based on the drilling results and will recommence ore delivery to sable from september 2025 in addition to the current production from roan.

production will commence targeting 4 500tpm ramping up to 8 500tpm. at the targeted grade this equates to approximately 200tpm of copper units delivered to sable in addition to the production from roan." https://www.***************************/jubilee-advances-zambia-copper-expansion-with-its-integrated-production-strategy

Nevertogiveup.... They know where there is high-grade ore because they are already mining it! They are drilling to establish how much greater the ore body is compared to what they initially believed and to put an estimate on the extent of the resource, having identified a 1km long strike:

"Approximately 80 000 tonnes of ROM material from Munkoyo has been trialled and refined at Sable indicating a copper ore grade of between 1.5% to 3% contained copper. In addition, the Company has undertaken initial exploration and aerial surveying of the licence area which has shown the potential for a new copper resource along a one-kilometre strike.

Following this successful testing and the potential to delineate further resources on the licence, the Company has agreed an option to acquire the licence for up to US$1.5 million." They have since been mining 80,000t/mth....

Nevertogiveup: "Munkoyo haven't got high grade ore for Sable ... for how long now? ... we drilling there now to find it ... are we going to find it???" Really...?? As laid out in the RNS on 28th May:

"At the Company's Munkoyo mining operations a mine rate of approximately 80 000tpm is ongoing, of which 3 500tpm of high-grade ROM in excess of 2.5% Cu (equivalent to 88TCu per month) is delivered to the Company's nearby Sable Refinery. Targeting a step up to 4 500tpm (112TCu) for June 2025 while continuing to ramp up the high-grade ROM portion to reach 8 500 tpm (212TCu) by October 2025."

I think you are telling porkies.....

"That being said 30% of all shares in favour represented by instituions is basically 60% of instituions in favour of the sale. Other 40% not interested?" How do you work that out??

Why are you asking questions that have been answered in the circular? 1) We have never been told we are debt free. 2) The answer is in the circular. 3) No, for the reasons given. 4) No, for the reasons given.

"The upgraded Roan concentrator is fully operational and capitalised and exceeded its targeted production for the month of July 2025 reaching 384t of copper units for the month of July 2025 and is ahead of the targeted production rate of 350t in August 2025." So 2,500 tonnes of cathode per year is peanuts? $10,000,000 operating profit's worth of peanuts alone....

HDs it is irrelevant what the deal means to the purchaser; it is what it means to us, our cost base and risk profile. The purchaser owns 74% of the Thutse mine - we do not. There is no guarantee of future chrome and PGM prices. Demand for copper is far more predictable. You know what is happening with the copper business because it was laid out in the RNS on 28th May.

"At the Company's Munkoyo mining operations a mine rate of approximately 80 000tpm is ongoing, of which 3 500tpm of high-grade ROM in excess of 2.5% Cu (equivalent to 88TCu per month) is delivered to the Company's nearby Sable Refinery. Targeting a step up to 4 500tpm (112TCu) for June 2025 while continuing to ramp up the high-grade ROM portion to reach 8 500 tpm (212TCu) by October 2025."

That is on top of the production from Roan.

Papaki.... your discount rate of 15% is too high. 8 - 10% is more realistic for producing assets. What effect does a lower discount rate have on your figures?

From the RNS of 28/05/25:

At the Company's Munkoyo mining operations a mine rate of approximately 80 000tpm is ongoing, of which 3 500tpm of high-grade ROM in excess of 2.5% Cu (equivalent to 88TCu per month) is delivered to the Company's nearby Sable Refinery.

Targeting a step up to 4 500tpm (112TCu) for June 2025 while continuing to ramp up the high-grade ROM portion to reach 8 500 tpm (212TCu) by October 2025.

Remaining lower grade material (0.7% Cu) is stockpiled at surface for future processing at site. The extended large pilot trials are currently be completed for the implementation of two 30 000tpm modular processing units.

The resource drilling program has commenced and is expected to continue over the coming six weeks, to upgrade the resource confidence and complete the optimal open-pit mine layout

Combined Roan and Munkoyo high grade ROM only, targets to produce 288tpm of Cu units for June 2025 stepping up to a production rate of 400tpm of Cu units from August 2025 with the potential of reaching 500 to 550tpm of Cu units from October 2025.

Project G mine is undergoing currently work to upgrade its resource and to complete the design of an open-pit expansion.

"The Munkoyo mining operations are operating currently a single pit, where drilling to define a resource has commenced. Nine smaller pits have also exposed a shallow copper reef. Jubilee is seeking to upgrade the resource definition to confirm the mineralogical composition of the large magnetic anomalies indicated by the aero magnetic study of the area.

Munkoyo is expected to maintain its current mining rate of approximately 80 000tpm of which 4 500t (increasing to 6 500t by end August 2025) of high-grade ROM is transported directly to Sable for refining. The high-grade ROM targets a grade in excess of 2.5% Cu, while the remaining low-grade ROM is stockpiled at site at an expected average grade of 0.7% Cu."

Chats**t are you deliberately trying to create confusion?

Legal name: ONE CHROME (Pty) Ltd (Enterprise no. K2025088624)

Incorporated: 30 January 2025 (South Africa)

Registered address: 4th Floor, Global House, 28 Sturdee Avenue, Rosebank, Johannesburg, Gauteng, 2196.

Directors: Carlos Miguel da Costa Leite (director), Jason Andrew Schmulow (director).

VAT: Registered (listed as “pays VAT”; reg. no. shown on company-data site).

Corporate group / related entities

At the same Rosebank address there are several sister entities registered in early-2025 under the “One / Vana” naming convention (e.g., One Minerals, One Chrome Holdings, One Processing, One Vanadium, Vana Minerals). Many share the same two directors. This points to a wider resources/processing platform being assembled around the Rosebank office.

The company is newly incorporated and appears to be a special-purpose vehicle within a broader “One/Vana” resources group, formed to acquire and operate chrome/PGM processing assets in South Africa (initially, the Jubilee package). Its directors are also listed on related mining/processing vehicles at the same address, supporting the SPV/platform interpretation.

From all publicly available records searched, no related-party connection is evident between One Chrome (Pty) Ltd (or its named directors) and Jubilee Metals’ current or former directors/executives.

Seems the usual suspects are determined to attempt to rubbish it before their tiny minds have even recognised the content.