Member Info for Gray1

I should have added LUFC everyone is wondering where the less than $6K is coming from on roast when it is only $4.5k now.

Our costs are only $4.5k per ton now LUFC and we are producing less than 300 tons a month according to the first 6 months financial statement.

Sumoskier apart from mentioning they can make a payment capped at $3 million to have a majority holding and whilst they do mention partnership there is no mention of a payment to the miners.

In the interview Leon does state they have informed the market that all in costs will be less than $6k don't remember him saying anything like that to the shareholders like us. I stand corrected if they have.

Smoke and mirrors spring to mind as more detail surfaces about Copper.

He does say all in costs of less than $6k per ton (current costs are around $4.5k). What he means by all in I don't know maybe they are offsetting others costs in there or maybe he is just being conservative.

When I worked out my copper for next year I based it on a gross margin of $3.5-$4k per ton if we hit that whatever the selling and cost prices are I will be happy.

It certainly was. So dinosaurs then Mikie, Supersaurus and Barosaurus. Not sure I am ready for those heady heights just yet again.

The small mines (50) would require a bit more capital outlay as they would be too much for Sable so we would need to build more capacity as well as expand sable plus they have option to purchase the first two. Need a bit more meat on the bones for those before I get too excited but it does look very promising.

The ducks are starting to line up.

Also I do like your insight into trading and where you think the highs and lows are keep posting that if you don't mind.

Yes didn't post much. Lost interest when the tailings struggled. I was never in it for Tjate always thought that was a bit of a pipe dream with Colin's hype but liked the pgms (conroast lol). I tended to be in oil and gas back then JLP was my first foray into more solid minerals and then built up over time with copper.

I remember when all the elephants and leopards were flying around me and MIkie talking about 50p a share maybe more of course there were a lot less shares in issue then. Never traded on aim as sentiment can play a huge part. I have been on the right end and the wrong end of that. Good luck to you on trading charting does have its place and you probably benefitted from it more often than not.

Been in since the Middleburg days too. Its been a loooong time.

Always good to see the money Frogkid. As Ardbeggar says they are undertaking billable work now. When they have identified a location then they will need to order all the machinery they need then you will definitely know all is good.

I agree with Ardbeggar JLP would have to seriously mess up for it not to go ahead now. Meanwhile we wait for Roan not long to go if they want to have it commissioned by the end of May.

Ardbeggar there will be break clauses in so that IRH can walk away it is usually the case. IRH would be remiss if there wasn't. Like you they are just waiting for the i's to be dotted and the t's to be crossed and it will be off to the races.

Frogkid I would expect an RNS when JLP announce where the first module will be.

I think Ardbeggar is on the money with his last post Frogkid.

Once this next bit is done then IRH will put some money in.

"As per the agreement with IRH, Jubilee is undertaking a detailed resource definition to confirm the material reclamation strategy and location of the targeted processing units."

Public Relations and Investor Relations adviser - Tavistock

Jos Simson/Gareth Tredway

Tel: +44 (0) 20 7920 3150

Give them a piece of your mind Happydays.

It's called care in the community Happydays.

They only have less than 700 mill shares Happydays whereas JLP have a cats whisker off 3 billion but I agree it would be nice to emulate their rise.

It's comedy gold Frogkid. Seisnav and Chester post really good interesting stuff and then you get our friend with his usual aggressive, bullying nature appearing trying to wreck the board. You have got to love him:)

That is my understanding Mikie, Roan can produce 13k of copper in concentrates which can then be sent onto sable to be refined into 13k copper or sold seperately.

Sable can take feed direct so could be supplied from small scale miners as Mikie says so a potential to do much more as copper can be sold as copper or copper concentrate. I'm sure someone will correct me if I am wrong. Gotreal where are now is your chance to shine.

Whilst we wait for the electrical component and slow news.

My worst Chariot oil and gas as with most shares could have had a profit but I went for the monster find (I was into oil back in the day). Took a bath on that one lost 15k. At the same time Rockhopper took off backed the wrong horse there.

My best was AMC bought £20k at 8p. I was on holiday in the lake district and it took off as they were drilling and looked like they hit oil. went to 44p when I got back was at 38p made a killing. Just before the oil turned into water. Sometimes it is better to be lucky than good and I was certainly lucky there.

Got unlucky with Solgold was looking at it and it took off before I invested c'est la vie. Have had a number of others with profit and losses (mainly losses) but aim is my fun investing money.

My main investments are blue chip and preference shares mainly for the dividends and interest. Only shares I have on aim is JLP (and I could have walked away with a healthy profit but that damned elusive copper keeps me interested). Largest investment I have ever had on aim. I also have one other that is 30% up but early days in that one yet.

Hi Kalan,

Good to hear your wife is doing well.

All the best to your other half wish them a speedy recovery.

That is why I go off gross margin not earnings Kalan.

You could earn 400 million but if your gross margin is only 2% there isn't much there

I think the sp is maybe a little undervalued at the moment. I make it around 2p for pgms and copper plus 5p to 7p for chrome at current production and prices

The market should be forward looking and if they were they would see Chrome giving it an uplift. Copper increased production we are waiting for.

Shuvlin what sp do you think it should be and why?

Cannacord just reiterated their buy target at 10p.

Don't know gotreal and don't care. I know we are just have to look in the accounts not hard.