Member Info for Happydays43

My mistake. We can now process copper sulfide without a traditional smelter. So this gives us more opportunities.

Can we assume that when Leon said the cost per ton to produce Copper cathode was about $4500 is this before this new leeching process?
We've never used a smelter so how were we doing it before.
If this is a new process then cost per ton will come down drastically. Can anyone confirm as it's not cystal clear for me on the RNS?

Anyone here know of any companies on AIM producing contained Cobalt trading at 10p?

Amazes me we still diddling around in the 10s.!!!!
We should be diddling around in the 30s.

If your numbers are correct the we looking at 1200 x 52 000 x .8 x .45 = $22mil per annum .
That's a massive 20 percent addition to existing earnings!

There seems to be some ambiguity pertaining to H1 production figures for Copper. 3900 tons was the target then 3000 tons because of water shortages. A report came out that we back on target at 10 000 tons for full year. So what Leon needs to clear up is.. are we on target for 3900 H1.
Also we down 15 % over 6 days. I think an interview is in order to clear up alot of speculation on warrants.. and just tell the market nothing has changed fundamentally. And we going to meet PGM targets.

Is it not prudent to get the sable plant to run at full capacity of 14k. The difference between 10k and 14k is 40 percent! Why not chase that. That will add another $14mil profit a year!! I know roan only produces hopefully 10k but there must be other JVs that can sure up the 14k Sable refinery

Can someone please tell to me if we can produce 12k or 14k tons at Sable. Every second article that comes out says either 12k or 14k. Which one is it?
And if so why we producing only 10k if we have the capacity to produce more? I guess we need a bigger concentrator?

And NO debt and increasing earnings.

Thanks JLPpositive, I definitely need some positivity.
Tbh as a very lth it's been horrible to watch my profits go up in smoke over warrants. Fundamentals are still the same, I hope this is more to do with an alarming amount of warrants that need to go on sale. I remember last it was 10p all we had was inyoni ( before the upgrade ). Now we have an Upgraded Inyoni, a refurbished Sable copper refinery , a brand new Copper concentrator, COBALT refinery and plans to 4x our copper and cobalt. Like I said ...how? This should be a screaming buy?

Thanks for destroying the share price Colin!

Nice Seis, so that should put us on a forward PE of 2.9 at the current market cap. If metals improve even slightly we should break that $100mil. If the share price gets any cheaper I think you will find these warrants get sold very quickly, could possibly see a waterfall sell off but then quickly recover or JLP might step in and buy them up. Monday is going to be very interesting..

These are very crude numbers but $100 mil is easily attainable even at lower price estimates and quantities.
Copper 9000t x $3300 = $30 mil
Cobalt 500t x $26000( assuming quality is half as this is unknown) = $13 mil
Pgms 44 000 x $1300 = $57mil
Total $100mil
SEIS has better detailed numbers but you can see how we very close to that $100 000 000.

It's been a very strange 18 months. As each project has been completed and commissioned with the latest been Cobalt which imo was a bonus the share price has consistently edged lower. Leon has delivered again and again and yet the share price has halved. It's the biggest disconnect I've witnessed in my 20 years of investing. Yes, people here are going to say it's the war and inflation and everything else BUT Jubilee succeeded in a dramatic fashion when everything was against them. The team should be praised immensely. They built and a massive and successful concentrator in a country they were not familiar with and in Covid and about to go 4x larger in the North. It blows my mind how these shares are now 10p.
This latest fall in share price is yet again absolutely uncanny. 1 month before what will be much improved results for the pgm sector with copper cominging through from the Zambia. Anyone buying now are the luckiest people alive imo!

Ahhh, thanks Northern.

Dorfan, I also bought into JLp many many years ago on the back of the Conroast innovation ( not really sure what happened to that Conroast terminology as I never hear that word anymore from JLP). Anyway I've been holding on and adding for 12 years now. Most of the 12 years the share went down to sidewards.. only really in 2020 did we experience a significant 8 month rally. So out of the 12 years I've been invested only saw the benefits in 2020. And now a 2 year pull back which has been extremely frustrating as the company has been in a massive growth phase. If the plat stays above $1000 and Copper above $8000 we should slowly catch up to the rest of the market. If we enter a major recession... then who knows.

Well only 2.5 months to wait till the end of the year and the 6 month results ( July - December). The numbers will speak louder than any interview or any speculation and soon enough the share price will head up and very quickly imo. The returns on the current low metal prices will already give us record earnings... and any improvement on price from here will only add to an already impressive revenue stream.
Those of you who have whethered the storm will be rightly rewarded. Even with recession noises Jubilee has built a company that can still pump out cash even in the worse of times, just imagine when the tide turns. Happydays ahead. :)

$311 000 000 (current market cap)/ $100 000 000 (2023 earnings estimate) = P.E. 3.1
Based on normal market conditions we could reach 33p on a PE of 9 by June/July 2023.
Now put Eastern limb and Northern Zambia into the mix and then things get very interesting!!

For those of you especially, gotreal who can't see the forest from the trees we have broken through support at 12p. So either Leon announces a small miracle or we going lower. I for one have started to buy again below 12p and I'll keep averaging down as the future is very bright (12 months out).

Sorry that should be..
And your chart is tremendously flawed. In March this year most of the larger platinum producers were hitting or close to 52 week highs on the back of higher PGMs well JLP was closer to 52 week lows. Mate your chart doesn't represent like for like. Obviously all PGM producers follow the the price of the metals to some degree but my point was we should be rallying much harder when the bigger producers rally but we don't. And that was my point!!