Member Info for gotreal

Frog, you are not going to get that level of detail in the accounts.

Frog, do you trust the management to do the right thing?

They have already paid for them with the share issue.... buying further ore will be done out of cash flow....

"Jubilee holds the option to increase the initial 200 000 allocation of copper material " You pay for an option... an option grants you rights.

Https://www.youtube.com/watch?v=jJi_qxUSsQI @ 4.55 "Its once off acquisition of rights where after our company through its cash flows can continue purchasing more and more of this material...."

They have already bought the rights.... that was what the share issue was for.

As I said earlier, if they bought the higher grade merely to boost production but at the cost of reduced profitability...why would they have bought the rights to the whole pile of high grade and not just enough to cover lost production? Are you saying Leon would actively throw away money for 3 years?? 🤔

In that case loot why would they have secured the entire pile and not just what was needed?

The house broker estimates of fair value are between 7.7 and 11p, while awaiting updates with regard production growth to revalue. 25Kt copper production is clearly possible in the next year to 18 months with $100 milion + operating profit potential. Its always darkest before the dawn.....

See it whichever way you wish, Ardbegger.... but it IS good news.... 😉

"...and are waiting to hopefully reap the rewards in the near future." Yes... 20 years so far! 😂

How have I been aggressive? By merely pointing out that good news is good news and that the Head of Mining is hardly going to publicly announce a 6% grade if it is only a bucketful....

It shows that we have ore of an unknown quantity that is higher quality than ANYONE knew of..... but of course that isn't good news to Kalan and Ardbeggar... Q? How would he even know what the percentage is if it hadn't been tested and if testing you test a representative sample of what you are mining....

So the Head of Mining doesn't know what he is talking about, Kalan??

This is a link to a screenshot of Chris Koen's reply to a comment on Linkedin after he asked people to guess what the picture of what they were mining was..... He is the Head of Mining in Zambia for JLP. https://www.dropbox.com/scl/fi/u7u03vcnla0rbagusw0r5/Chris-Koen-reply.png?rlkey=woqzwxua6gpkjzutemi0dzppg&dl=0

The quality of the ore we process is the BIGGEST factor to affect our profitability.... 6% is HUGE.

You need to have a Linkedin login to see the replies to comments....

Frog, posted 2 days ago here:

Interesting post from Chris Koen, JLP Head of Mining, Zambia showing a picture of ore from Munkoyo inviting people to guess what it is .... https://www.linkedin.com/posts/chris-koen-mba-4a5a09229_lets-guess-the-type-of-material-we-are-mining-activity-7263654964088983552-1t1w?utm_source=share&utm_medium=member_desktop&rcm=ACoAAAAxpeoBlQBghAWVSMQdSdAjDhwtf9RW5jA

"paul phiri

Qualified Automotive Engineer MEIZ

3mo

Copper low grade

2 Replies on paul phiri’s comment

Chris Koen (MBA)

Author

Head of Mining - Zambia

3mo

>> paul phiri I guess 6% is a bit low😬"

A reminder that we have evidence that copper grades at Munkoyo are as high as 6%. If the grades being processed are much better than first indicated this will have a major boost to Copper production. When you think that large mines in Chile are operating on 0.3% grades, we have ore that is 20 times richer. I don't think this has sunk in with many investors yet.

"It is currently expected that the results from the production test on the well will be available by the end of March 2025."