RE: NEW modular copper units - water and electricity28 Dec 2023 11:03
You always bang on about AISC, which is particularly a gold mining concept, the gold price being so cyclical, but is really relevant to MINERS, and how Leon doesn't report it .... well a large part of the difference between cash cost reporting and AISC is the cost of exploring, developing and sustaining production, most of which is irrelevant to Jubilee as we are not a miner. We can acquire resources with no costs of exploration and development and get payback in months not 10+ years. You just invent things and claim as fact. From a SP Global report: "In 2021, the average AISC of copper production rose 16.2% year over the year to US$2.12 per pound." That's copper from actual mining activities.... we have few of their costs!! https://www.spglobal.com/marketintelligence/en/news-insights/research/copper-all-in-sustaining-cost-jumps-162-yoy-in-2021-margins-double You say "emergency placing for 10 million dollars. .." I assume that refers to the recent £10 mill raise which it has been stated quite clearly was to jump start the manufacture of modules. JLP is profitably producing PGMS, Chrome and copper ... you are simply LYING in suggesting the company was in anyway failing. They are doing deals with some of the biggest companies in the world who believe me do huge due diligence before they will agree to announcemenst about partnerships.... but no, Bushy knows best and much better than the highly paid accountants and engineers employed. Cretin.