Member Info for Gray1

Patience Shiv it will come if and when they deliver the expected numbers. Mikie's elephants are just getting ready:)

I like your Cu/Co numbers:)

Everybody has their reasons for buying and selling. If some want to take profits or are moving money into other stocks that is their choice.

Personally I am happy to sit and wait clock is ticking:)

Agree there maybe no money value in a tailings deal but Tjate is only worth what someone is prepared to pay for it and at the moment it is worthless and we will be unlikely to get much for it:)

Hi Dorfan01,

No problem with a free carry on Tjate or a tailings deal if commercial as long as Jubilee have no commitment to finance or run the mine far too risky for me especially when Jubilee are about to realise some shareholder value after all these years:)

Not a fan of developing Tjate will need a huge amount of capital to get it up and running. I vaguely remember the break even figure of $1500 per ounce for platinum so would need to be substantially north of this figure to make it remotely viable. Then you have all the inherent risks that come with mining.

Also we still need a fair amount of capital to satisfy the ongoing CAPEX we need for current projects hopefully satisfied by current earnings and projections.

Better to stick to tailings (plenty out there) and an excellent return on capital investment, low risk plus Jubilee currently enjoy an advantage over any competition with the current processes they have that others (at the moment) can't replicate.

JLPpositive,

The ratio from Jubilee is expected to be 6:1. So 1 ton of cobalt for 6 tons of Copper but you are right we won't know until we see some figures of what is actually produced and it may turn out to be much less than this.

Interesting Mikie,

Sable has a smelting capacity of 25k tons per annum so any Cobalt produced may impact on this total.

Cobalt has a separation process so there will be some extra cost but probably not significant so even allowing for $5k processing costs it could still be a big number.

Although I wouldn't rule out another smelter if one became available thereby increasing copper/cobalt smelting capacity in the future:)

I agree Craig cost far too much to develop and JLP don't have the finances.

Far better to sell it get a free carry or free access to any tailings if they are commercial:)

Good stuff guys:)

Bullster on advent board has the pgm mix at:

49% Plat, 40% Palladium, 9% Rhodium and 2% gold.

It is tough to work out as the mix will change but Rhodium definitely has a big part to play in the basket price.

I don't know. Maybe something going off behind the scenes. It is going to be an exciting and interesting 18-24 months here.

I don't know. Maybe something going off behind the scenes. It is going to be an exciting and interesting 18-24 months here:)

Thanks again to Jammer and Mikie,

A possible max of 78k oz/yr but realistically somewhere between 55k and 78k. We can expect some uplift on 55k depending on the contracts Jammer highlighted.

Thanks Jammer. Just rechecked the RNS Inyoni hit 3000 oz/mth prms:)

Looking at the website

Windsor target 2800oz/mth pgms
Inyoni target 2500z/mth pgms

Total 5300z/mth or 66.6k per year

Assume add to this the pgms that can be generated from the extra 35k tons/mth chrome processing at Windsor 8 plus
The pgms that can be generated from the extra 80k tons/mth chrome processing from the extended Inyoni operation.

That is how I see it. Anyone have different opinion? What is the max capacity Jubilee have for processing pgms?

Thanks Jammer not much of a delay before we have phase 3 ramped up then so we can expect 10k of copper with Elephant 1 coming on line later in the financial year should make up any shortfall:)

Plus Cobalt:)

It's not like we are waiting for a drill with a 1 in 10 chance of striking oil and then hoping it is commercial (yes I have been there as well).

Maybe LC's next project should be to buy a zoo so we can keep all our animals in. Although the way it is going we might need a game reserve:)

Mikie - I know nothing wrong with a bit of harmless speculation lol

Cobalt depending on the margin and how the ratio to Copper turns out could be a real bonus:)

Add in Zinc Q3 2021 (if it starts up) plus Elephant 1 starts at the back end of the next financial year.

Your margins are a little high for me Mikie as Cobalt has a separation process in I believe but we shall see it is all looking good:)

Will depend on how quickly they can ramp up production to 400t/mth. There may be some Cobalt as well on an expected 6:1 ratio. We don't know the Cobalt margin yet.

I haven't seen anything regarding how quickly we go to phase 2 & 3 to achieve 1000t/mth. Probably sometime in the next financial year. Maybe we will get a quarterly RNS on progress of Roan with timelines for phase 2 & 3.

We are only scratching the surface with Copper this year next year will be much different though if all goes well:)

Roan is three phases Sumoskier. Phase 1 is 400 tons/mth target:)