Member Info for Gray1

Interesting numbers gshiv thanks for that.

I take this financial year as preparing the launch pad for the JLP rocket.

As we won't have much Cu/Co this year or a full year of Inyoni. No Zinc.

Next financial year is the big one as we will have a full year of Inyoni, increased Chrome, 10k expected Cu plus Co and we don't know the margin for Co and maybe Zinc production at some point plus Elephant at the back end of the year. Plus hopefully a full year of significantly higher metal prices than previously.

Lots to look forward to and maybe another tailings project. Possible realise some value out of Tjate:)

This years expected financials are not even in the sp nevermind any forward uplift for next year.

I believe 55k PGMS was the expected output:)

Not sure we will see a significant increase in pgms Dorfan. Leon has mentioned previously that
the increased production at Inyoni is going to replace the much higher cost of production at Northram.

Around 50k ounces PGMS from Inyoni at low cost. Higher margin. For more PGMS will depend on other deals
or the arrangement with Northram continuing on similar or better terms.

Jammer posted this info back in February. We shall soon see though:)

17p for me but hoping for more:)

Nothing wrong with Mikie's exuberance. It is up to everyone to be responsible for their own investing strategy.

To be fair Mikie does state why he is enthusiastic about this share and has offered up figures of what he expects in the future to substantiate this.

Whether you agree with him is up to you. Personally I believe the bottom line figures won't be a good as some think but that is my opinion and I am more than happy to be wrong. I originally had a high figure of £40 million as the net profit but with the increase in metal prices and we may still have some previous losses to offset against tax then £50 million is not out of the question. Clock ticking time for JLP to deliver.

If they bring in the numbers they are significantly underpriced:)

It would suggest Roan's start up is on track:)

I keep clicking on the picture but can't see anything for pound signs:)

1m by 1m, 12mm thick weighs 125k approx

Copper as far as the eye can see shiv.

We will need Mikie's elephants to load it onto the trucks:)

You called it right last time MrBSS with the sp bouncing off 16.7p. Good luck if you are trading it. Each to their own.

Personally I m not too bothered about short term fluctuations in sp. Happy to sit and wait for next update and then year end financials:)

Everything is in place shiv all JLP have to do now is deliver. All we can do is sit and wait. Much happier waiting now we are at 16p:)

Probably get news of Roan with q3 results as it doesn't come on line until the end of February and they would probably like a few weeks of production to report on.

Although a little RNS would be nice just to say everything is on track in the first week of March.

Dorfan,

Agree the Anglo and Impala angle could have value for JLP.

I attribute no value to Tjate but that doesn't mean it has no value particularly with what is happening in the metal market and industry.

If it was valued at £1 or even 50p in ground per ounce that could be £35-£70 million pounds whether we could get anything like that remains to be seen. That amount of money would be huge for JBL. We could make a lot more with that kind of finance. Makes it all interesting though.

Bugle is polished and ready Mikie.

You are right Mikie the increase in metal prices certainly has a positive effect on the process which may make it more appealing to the big boys who have the financial muscle to exploit it.

It would be good if we could get a decent price for it to supercharge the tailings processes Jubilee are good at and give them some finance to go after other projects. Plenty of tailings around that Jubilee can make a lot of money out of for relatively small capital outlay, quick to bring on line and fast paybacks:)

$1500/ounce was what I thought, 70 million ounces with potential to extract 300,000 ozs per year but.....

We would need the land next door to access it and I believe the start up cost is in the region of £500 million plus how many years would it take to reach 300k a year and all the inherent mining risks.

Unless CB is going to dilute us into oblivion it is a no go. Sell it for me.

I would rather JBL buy another 25k a year output smelter for £20 million and double copper/cobalt output than go down the Tjate route. Just my opinion I just don't see the value in developing it that others do.

Pressure is building. The elephants are gathering at the starting gate.

Perfect storm with metal prices increasing and production ramping up:)

Who is selling this sort of volume? Is it Miton before they take up their 64 million warrants?

Getting a profit on Chrome is a real bonus for us Dorfan it just gets better and better:)

Looks good for that Mikie.

It's coming Shiv:)

Good info Dorfan. Thank you.