Member Info for Iluvise68

Anyone have access to latest Simon Thompson investor chronicle article - headline appears positive, I.e. potential is underrated here

But premier Milton have just bought in?

And Slater has increased his holding which is a positive sign.

So what’s you take bottoms up on the withdrawal of 2 & 3?

Maybe lack of institutional support.

Possibly CEO wanted the flexibility in case another deal is in the offing or insurance if finance is required but no to dilution at this low sp?

Https://x.com/Jubilee_Metals/status/2039714205037728075

A dedicated molefe presentation will follow in the next month

Jubilee Metals secured an additional parcel of high-grade copper ore at 1.65% copper for Roan, paying $1.8 million in shares rather than cash.

On the Large Waste Project, the seller also opted to take the next $2.6 million installment in shares, leaving $5.4 million outstanding on the acquisition.

Two joint venture partners are shortlisted to help upgrade and refine the 240 million tonne surface stockpile, with discussions expected to conclude within two months.

It’s possible the sell-off is these shares being sold. I hope not, but I am happily a buyer down here.

Drilling at the Molefe open-pit mine has returned strong results, with peak intercepts including 16 metres at 8.01% total copper from 18 metres depth — shallow, high-grade oxide mineralisation well-suited for processing at Sable.

Infill drilling confirmed grade continuity in line with the existing mine plan, while a new zone extending roughly 250 metres beyond the planned boundary was identified, with mineralisation still open to the east. Phase 2 drilling with partner Galileo is now underway to chase that extension.

The updated Molefe mine plan sets out how the company intends to scale up. Connecting Pits 2 and 3 into a single enlarged open pit — requiring around four months of development work and removal of 400,000 tonnes of overburden — will lift the quarterly mining rate from 15,000 tonnes to 60,000 tonnes of copper reef.

High-grade material heads straight to Sable for direct leaching while medium-grade ore will be upgraded on-site first. Phase 2 drilling of the eastern extension is the immediate priority, with first production from that area targeted within a year.

Could all be forgiven in the months ahead?

It may very well be.

Any thoughts Junior on expected production from molefe 1? the cu calculations are per quarter but amounts to 3776 per annum by end of the period? this without the mudular unit production on low grade waste. The big ramp up appears to be stage 2 which could double that amount ?

Getting a bit over-excited? - that payment will probably be required for ongoing capital investment at this rate.

No - its a reply to bottomsup - I stand to be corrected but JLP are not expecting 25 milliion in june - I think the deferred payments are on the aniverary of the agreement

No - a reply to bottoms up suggestion of 25 million payment expected to JLP in June ( may be wrong).

I think the deferred payments are paid on the anniversary of the completion date (December) not June and 15 million on 1st anniversary

Nothing new on there.

Chrome was making a loss, more justification for the SA sale ( which is his axe to grind)

My impression was that an external lab was signing it off, and this delay is now caused by the competent person at Galileo.

I agree - this a the accumulation of vast personal wealth to the Trump family and cronies is hiding in plain sight. It must have landed by now this war is not welcome to his Middle East patrons but equally very difficult to retreat from an asymmetric war if the other party - Iran - can decide if/when to reopen the straits.

Things have gone quiet on project G - an update would be appreciated

Yes there was talk of 8- 10 molefes, which would be a substantial rescource but will take time investment to reach that point.

The SP is bearing up in the circumstances, but the suspense is killing me (lol)

It’s not a great drop to be releasing news when the markets are hingeing on whatever rubbish Trump says before the markets open.

A decent resource announcement - and it must be good or why whet the appetite should trigger a re-rate.

Up and down with the Trump trade.

I was invested in I3E and there were some differenc between that and this siutaiton which I wont get into.

I dont buy into the theory the result are held up by an MOU.

also no sensible valution to be had until the wider area is drilled.

but if they get an offer they cannot refuse...

Yes - they and GLR must be satisfied with the results or why else continue exploring....patience required which is in short supply but given current economic/world back-drop stellar results might not move the dial immediately.