Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Taking any advice from Bushy is deadly.
I remember Bushy telling us to buy Sibanye at $12 is now $4. Then there's HUM.... with massive debt... and keeps falling..
Absolute parasite.
Good or bad the next 2 months will be exciting.
I certainly would rather be in than out. Not much downside Vs 100% upside.
Weak hands Seis.
ITS VERY SIMPLE FOLKS.
Remember WHi had a price target of 29p now that's its 9p why would holders above 10p want to hold anymore.
Loose hands will be shaken out. I won't be surprised if we now see a big sell off. Already down 8 percent over the last 2 days on the JSE since the report. AIM looks like it's worse.
I'm sticking it out and hoping these miracle modules actually produce the grades Leon's says they do. I'm adding 6 months to the commissioning time as you do with Jubilee.
Good luck everyone.
Our metal prices are up today. I don't see any hit except for JLP share price.
Now lost all of last week's gains and then some.
Im still extremely positive... although I don't have a much of a choice 😕
I agree Tellysong. Although it doesn't feel like it, JLP have stood up pretty well compared to other PGM producers who are on PEs as low as 3 and 4.
I've been here 12 years plus and every year the carrot gets bigger so I hold and wait and wait and wait.
Well I can't afford to wait much longer and this better be the year Leon's tales become truths.
At the end of the day we all here to make money.
Signs of capitulation maybe. Could be a good thing.
Finally getting rid of all the weak hands.
Still terribly frustrating...
Northern, I gather 600 copper "units" is not 600 tons copper cathode.
I think this is why everyone's frustrated. Leon needs to be transparent instead of changing the terminology. It's only makes things worse and trust keeps going down.
Leon said they still deciding how to get hold of these electric components and might have to try get them manufactured locally??
Whether this has actually happened yet we do not know.
Frog, I'm sure there's a few more clusterfs.. you can add to that list.
Im still trying to get my head around how they misjudged the electric components that had to be manufactured especially that they be planning this front end upgrade since hell and gone.
Leon won't be answering any emails, he's at the Mining Indaba in Capetown.
Hi Jonah,
Why is revenue only $85 a ton?
Do we only make $10 a ton?
So apply some simple math and we get.
1 700 000 tons x $290 = Revenue $493,000 00 x 9% = $44,370,000 Profit.
This alone should put JLP at about 15 to 18P on a forward PE.
This is really undervalued by 200%
Can I assume that overall profit margin on 1 700 000 tons of Chrome Concentrate will be 9%?
Thanks
Ok, 1.7mil and probably a good chance to gettingover the 2.1mil line by December.
Seis are your sure 40 mil dollars profit just for Thutse alone? That's way more than our current company earnings .
As I said I'm very surprised we trading so low.
Another bonus this year is that by early as March/April the Fed should start cutting rates and this WILL boost our commodity basket. We might see Platinum and Palladium back over $1300 by year end and Copper at $9500+
2024 could be our year and if not 2025 most definitely.
Am I correct in saying that Jubilee Metals will have 2 million tons of Chrome concentrate ( capacity) before the end of 2024 making us the largest chrome concentrator in the world?
If this is so it's absolutely bizarre the share price needle hasn't budged higher?
At current 50% operational output at Roan Leon said we will produce 600 tons per month.
Why are people here saying at 100% operation output we will produce 1000 tons per month??
Should it not be 1200 tons a month????
Jonah, thank you.
I'm trying to work out when the 9 week delay actually starts from. I assume it's the time of the published RNS?
Or do you think the 9 weeks start from beginning of January?
Ok, thanks Shuvlin.
If memory serves me correctly didn't Leon say one of the main reasons for the bookbuild was to secure the building capacity from our manufacturer of these modulars?? And he even went a step further to say that this would be done last week of December as he had a meeting set up.
Now listening to this new interview he saying it's still in design process? And that they will secure the building capacity only once this is done?
Kind of contradicts what he said in December... but I'm so use to this.