Member Info for gotreal

"I was going to kick off....." How surprising that would have been ..... ;)

Ignoring the low-ballers, as Northern has said, we now know that the high grade heap amounts to some 6 million tonnes of material which at 45Kt/mth will last for 11 years.... Onwards and upwards.

"The early results have already confirmed the potential for a significant and sustained improvement in copper production from Roan, while the ramp up at the Company's Munkoyo mining operations remains on track to reach the 8,500 tpm of high-grade ROM."

You were saying Pedigreescum ....?

Why?

Why post such a nothing post at all??

Platinum at $9,900 would be a company maker ... in reality only $990/oz....

" I would be happy to be corrected!!" I think the word you were looking for was WRONG.

Ludicrous 20% spread.....

"There is also the possibility of heap leaching as well, which hasn't been mentioned but was supposed to be tested at Roan." Seis, I asked a question in the last update Q&A specifically with regard the intended use of Draslowka's glycine solution for leaching sulphides and Leon firmly confirmed that this definitely was to be part of the operation. Hopefully we will hear more when the copper updates comes...

You are wrong , the MM bid/ask are what I said. You don't have L2.

But the prices quoted above are those nearest to the stripe and they are individual punters who have direct market access - there is no liquidity there as once they have sold or bought that price has gone. The actual MMs are all standing back from the quoted bid/ask ... right now the highest MM bid price is SING at 3.7p and the lowest ask is WINS at 4.6p. The DMA punters are filling the gap between those ...

There is no reliable liquidity above 3.7, only individual punters with DMA....

Chester, you are right to highlight the quoted costs delta but I am unsure what benefit there is to holders of having the breakdown of it. The costs will obviously be accounted for elsewhere in the numbers and have been lumped together in the notes to give an overall picture of non-operational expenditure. The likely candidate areas are one-off costs for: upfront payments for copper ore supply (including quarterly payments toward the acquisition of the waste rock project), pre-operational plant running costs (ramp up of Roan, Project G initial work, 51Km road between Munkoyo and Sable etc), costs to mitigate power outages. etc etc. There are always going to be incidental costs which don't relate to the direct acquisition or improvement of fixed assets and also expenditure which falls into grey areas which could be classified as either capex or opex. It is good though to highlight to shareholders some of the aspects of building and running a new operation which, on the face of it, can seem so simple but in reality involve so many moving parts . As an aside, can you imagine how long it would take, and what costs it would incur, to even get PERMISSION to build a 51Km road in the UK?

As you have identified, processing it is an enormous logistical and operational challenge and will take many years, which of course is great news as it gives a guarantee of operational longevity and makes the company more valuable as an investment. But if you do not have the basic ability to process it, and to do so locally, let alone on such a vast scale, the heap is worth whatever someone who CAN do so is prepared to pay you. And $18 million in Zambia, and paid in a year, rather than as it is consumed, is worth a damn sight more than its value in say, the UK, and spread over 30 years. We don't know the sellers of the heap but $18 million dollars goes a very long way in Zambia. It "just so happens" that JLP has built a business capable of processing millions of tonnes of material per year, as witnessed by the Chrome operation and, using similar modular technology, can now do so with Copper, if processing it ourselves makes the most financial sense. Whichever, we are in the driving seat and our foot is on the "gas".

Https://www.bbc.com/news/articles/c20xxv22wl9o "The agreement covers the vast majority of the world's commercial shipping and means that starting in 2028, ship owners will have to use increasingly cleaner fuels or face fines."

Bottomsup.... I wish you had a brain. As Gray suggests, 10 million tonnes at 0.5% extracted copper yields 50,000t Cu. Therefore, 250 million tonnes yields 25X that amount, or 1,250,00t. Assuming a profit margin of $3,000/t, the profit would be $3,750,000,000. At $2,000/t it would be $2,500,000,000. To yield your ridiculous figure we would only be making $800/tonne!! I wish you'd do your homework .....

I can see no reason why they can't leverage the value in the dump to finance the building of concentrator modules that will pay for themselves after 5 months in production.....

That is true, Kaiser, but if Jubilee process the remaining heap themselves rather than sell it, the PROFIT in the contained Copper is in excess of 3 BILLION dollars....

They have had an active hedging policy on Williston production and the last quoted floor price for H1 2024 was $74/bl. It hasn't been disclosed if they have hedged any future production they simply state "The Company will continue to evaluate its commodity price risk management strategy on a regular basis".

Jonah, how can 5,750 ozs (11,500/2) uplift the annual production by 32%? Go and be gloomy somewhere else - we don't need it.