Member Info for Happydays43

Copper price is now a hairs breathe from all time highs while Jubilee is a hairs breathe from 5 year lows.

No one is buying Jubilee until.they see solid profits. Unfortunately Leon can no longer move the share price by sharing over exuberant interviews and ridiculous X posts.

Now he's buying high grade copper material... I honestly thought the whole point of Roan was to turn low quality material into high quality material????? Wtf has happened to the story?? Giving away shares for short term gains. It's a f ing mess. No wonder no one wants to buy because we know dilution is just round the corner for the next 🥕. What a mess. IRH won't touch Jubilee hence the reason the Roast don't mention IRH anymore.

Why on earth would Jubilee go to the market for 2 million dollars. Are they that broke or they don't give a dam about its share holders. Atleast it was a hard discussion... what a joke.

We will see Northern.. hope I'm wrong.

Interested not "invested "

Why would that be ridiculous Shuvlin? Why does Leon keep mentioning that other parties are invested. Surely if this deal is sealed like SD says then Leon wouldn't dare mention other parties are interested. To me that's quite threatening and don't think IRH would appreciate that. Come on people. It's common sense here.

Leon is buying time. So atleast he will have some good news on the copper forecast in 6 week time but at the same time will let us know they talking to other interested parties for the Waste Rock Project.... yes I'm guessing and I know that's bad of me. But it's pretty obvious.

Funny how Leon is still mentioning that other parties are interested in the Waste Rock project.... and some on here still think the IRH deal is going ahead.

That deal is dead. Not even a mention on how the 15 000 test run went... and now they buying higher grade materials... no wonder the share price can't get above 4p.

Leon already revised the forecast to 6000 or was it 6200 tons. Although that was before the power issues.

But as Leon said we going to get another forecast in 1 to 20 months..

Notably in today’s recycled interview Mr Roast discusses a profit margin of $18m in his interview with Leon for the 200Kt of ore. On 200Kt that would mean a much higher $5,625 per unit margin (200,000 x 1.6% = 3,200 tonnes of copper, and $18m/3200 = $5,625 per unit. Leon appears to agree with Mr Roast on the accuracy of this calculation.

How have profit margins for copper concentrate improved at JLP? We are told in the FY24 report that it is priced at a discount to the LME copper price which is why average revenues were only $6,964 per tonne, despite Copper being $8,678 for the period.

Is $18m an inaccurate calculation? This would require an average copper price of around $12,250 per tonne to achieve that, based on a ~18.5% discount for concentrate, assuming average unit costs remain at $4,294/t as it was in FY24.

Or could the cost of producing Sulphides be much, much lower than producing Cathodes? Seems a pretty important point for investors to understand. Perhaps someone like the Jubilee guru Seisnav will know the answer.

IRH have managed to raise Mopanis copper production by 32% in under a year. They obviously have very smart people in the company. It amazes me that people here still think they going to throw money away on Leon's science project. Leon had his chance last year but blew it on his misguided timelines. There will be no news on the waste project until he finds a new suitors... which like everything else will take years. Yes maybe front end Roan can produce a bit of copper but logically it would be a logistical nightmare setting up shop on those waste piles.... no water no electricity no infrastructure. It's years in the making, wake up everybody. Unfortunately expectations are so high on this deal happening when we find out its not happening then bye bye share price. Maybe pgms will save us....

In the last 17 minute interview with Leon, IRH wasn't mentioned even once.... when before the Roast Boys couldn't get enough.. pretty obvious Leon told them before the interview "boys keep quiet about IRH- Thanks"

Anyway I might be wrong but seems obvious to me..

7 months and count down till we see an upgraded 14 000 to 16000 ton copper refinery ( numbers keep changing but i think he said 14 000 last. )

Leon must have massive plans because for the last 3 years Sable has had the capacity to produce 12 000 tons copper per annum but all we get is 3000 plus....

My gut feeling is that the IRH deal has been squashed! Mopani is doing well for IRH. In interviews Leon has already suggested other players (which is probably BS). And just like the Cypress deal we will never hear about IRH again... lol. I'm still positive on current projects though... just see things taking much much longer than what Leon tells us.

Blows my mind we trading exactly at levels 5 years ago..

Now think what we built the last 5 years.... absolutely bizarre!! I guess it comes down to earnings... which is in line with the PE. Come on Leon give an update on Roan since the electricity has been upgraded... this is ridiculous.

We been above 4.4 for the last few weeks. Hope we don't dip below that.

Hope we get some news soon Roan is running at full capacity. I don't see why it can't? It's already been tested and passed at full capacity and they have had time to fix any issues during the care and maintenance period.

Leaching..

Has anyone seen how leeching takes place... quite interesting. Have a look on youtube...

Not sure how it would work during rainy season... as it looks like you need precipitation. And large open areas...

Lake Kariba also filling up...

Heavy rains also predicted this week... 50mm - 100mm which will cause flooding in some areas...

Hope JLP can keep Project M from filling up with water.

It's more likely the RNS comes out when Roan is fully up and running. The good news is that it's in motion.

Yes, I think you right. I'm sure they would have had to let the market know it wasn't possible. I would love to be a fly in the room with the negotiations going on..

Northern,

Did you pick up anything in the interview or the RNS on where they at with the 15 000 tons for IRH?

With Roan currently on care and maintenance just wondering if it's still do able by the end of the month?

Yes Mikie,

Two more near term catalysts...

Another project M project which by listening to Leon's latest interview sounds very near term.

Waste project deal..

Any of these two announcements and I can see the share having a massive rise!!