Blencowe Resources: Aspiring to become one of the largest graphite producers in the world. Watch the video here.
Quoting WHI: "In Zambia at the upgraded Roan concentrator Jubilee is still frustratingly waiting for the electrical
installation to be complete – now delaying start-up of the new full new front-end until May. Once commissioned Roan should be in a position to supply 13kt/yr of copper in concentrates. That said, in the quarter JUBILEE INKED THE CONTRACT WITH IRH (Abu Dhabi based) to develop the ‘waste rock’ project. This ground-breaking project should see the JV
(30% Jubilee) process 2.4Mt/yr to produce ~20kt of copper within 2 years from four modules processing a part of the 260Mt of copper-bearing material at surface identified. A resource drilling program will define fully the parameters of the plants and their optimal location."
Edzi, so you agree with the statment and how it is worded..... "copper still crap.... maybe it will turn around.... " MAYBE it will turn around.... If you hope that a business plan goes in a straight line with no hiccoughs given the region in which we operate then I am afraid you are destined always to be disappointed.
>>Gray1 , I am significantly invested here and will always challenge posters who appear to misrepresent reality, for whatever reason. By your "maybe" you think there is a very real possibility that the copper operation will fail, despite the due diligence of IRH and the thousands of tonnes that have already been produced, then, and that producing 4,000t of copper this year is really "crap" given that in a few weeks weeks there will be over a thousand tonnes /mth?
Very odd that someone would hold a portfolio of shares and only ever comment on one of them .... "copper still crap.... maybe it will turn around.... " Hahaha ..... I always look for motive.... :)
And we know traditional acid leaching of tailings IS viable because CAML do it very successfully at low cost. What people THINK and what is fact are two very different things ......
WHI cited and provided to me the reference for Chrome having been at $350/t: Fri, 19 Apr 2024 02:20:00 GMT www.ferroalloynet.com: South Africanchrome ore 40-42% concentrate price is 300-308(bulk). South African chrome ore 42-44% concentrate price is 345-350(bulk). South African chrome ore lumpy 38% tran... So $50/t is an underestimation.
BRIEF – CITI Expects Copper Price to Hit $10,500/T Over Next 3 Months
06:08
April 19 (Reuters) – CITI RESEARCH:
Expects Copper's Price Rally Continuing Over Coming 3 Months, With Prices Likely To Get Up To $10,500/t
Expects Copper Prices To Average $10k/t In 2q And 3q 2024
Currently they are getting $350/t for Chrome.... "At these prices, if they hold, Jubilee could be making ~$100/t profit margin on each tonne of it’s own ROM – which at 2.1Mt/yr production with ~40% of production not fixed margin could be in the region of ~$80m/yr."
Would the Chairman, the CFO and the CEO have invested so much time, money and resource on the waste rock project with IRH if there was EVER any chance that it WOULDN'T go ahead? Ask your self that... and no, why wait for Roan when they can see the tremendous success and extraordinary expansion of the Chrome operations using the same technique??
I would say many are becoming bored of your fanboy ravings .....
He's not the messiah, he's a very naughty boy .....