Member Info for Happydays43

I see Jubes has Twitter account. They posted Simon Thompson's report 2 days ago.
On a PE of 4 Jubes must be the cheapest share in this space? We have a true winner here. :)
Enjoy the ride everyone!

Must say I'm feeling disappointed in the share price action today. Is this not the long awaited news we all been waiting for? Copper prices (and pgms) hitting records and Jubilee doing very little this year in regards to price. :(

Operation report out very soon. I expect big numbers based on spike in commodities this quarter.
Roan update soon as well. Lots to look forward to.

Price in SA 355 cents = 18p

PE has been revised to 10 on the South African trading platform.

Thanks dorfan.. I couldn't believe my luck when I saw 800 000 shares going on sale 300 cents. Wish I had bought more... yes I'm greedy.. haha

I managed to buy 200 000 shares at 300 cents. What a steal!!

Once all current projects are up and running you looking at a company that will receiving half a billion dollars (minimum) in revenue. Do the sums. And you can still buy under 16p... incredible..

I only worked out revenue as we don't know what the costs are yet. Hopefully we will receive this news soon.

PROJECT ELEPHANT
What we do know based on figures from Jubilee.

115,000,000 of tailings broken down into 0.3 % copper and 0.05% cobalt ( as per report).

Therefore:
Copper
115,000,000 x 0.3% = 345 000 tons of copper.
345 000 / 12 000 per annum = 28.75 years worth.

Cobalt
115,000,000 x 0.05% = 57 500 tons of Cobalt.
As we now know the life span (worked out above) we can divide this into the total Cobalt.
Therefore 57 500 ÷ 28.75 years = 2000 tons of cobalt per annum.
So for Cobalt for project Elephant we should receive revenue of 2000 tons x $52 000 (current price) = $104 000 000 dollars per year for cobalt alone.

If you click on the photo it says. "2 Ton copper cathode bundles are marked up in preparation for trucking away from a large open cast copper mine in Zambia"

Could be 2 tonnes.
Look here
https://www.alamy.com/search.html?qt=copper%20cathode%202%20ton&imgt=0

There many updates on the website!
Looking fantastic.

While with the new pictures up now I guess this in preparation for a RNS.. :)

I googled 1 ton of copper. The pictures that come up look very similar to what's on the website

You have it all wrong mrbigshot.. when u say "worst case scenario is 13.5p" I would actually say this is best case scenario because i will be buying as much shares a i possibly can... :)

I'll be joining you in retirement Mikie. Haha

With copper prices were they are and probably much higher in the future, I would say Colin and Leon are itching to get there hands on more copper dumps. Or more likly been approached by bigger players looking to make a quick turnaround. Maybe some JVs will be announced soon.

Agree 100% Mikie! Fundamentals are driving this share price up if not it would have been on the floor by now.

The anticipation of the next RNS is for reals. :)