Member Info for jeffry

well below radar = 2018 will be stellar performance by: JLP = palladium/platinum/zinc PREM = lithium/tungsten XTR = gold MXO = oil gas CERP = oil COPL = oil

platinum and paladium are racing higher. Goldman sach are forecasting soon (this year??) platinum (and paladium) as well as gold will hit all time high. i am heavy in JLP as its platinum project NPV alone worth at least 2bn! and with the raising metal price, it will be worth even more. generating first revenue (first revenue from Sep 2017) and just got huge project finance worth 50m, with no dilution. so this is the gem below radar for most, yet very undervalue and mcap very low. time to load up while cheap and targeting double digit sp soon

platinum price hit bottom several weeks ago around $800 and now rising back up, well above $900. its tracking gold to some extent. excellent platinum player is JLP, of which has large platinum mine worth $3bn+ and yet mcap only 30m at the moment. plenty of upside and will start generating revenue in the next few weeks. if LMI wants to take over JLP, I will accept 30p price. note: current sp is too cheap at 3.5p

platinum is making huge recovery since last week and JLP got the RNS intraday on Friday and not many would have seen it. both platinum player AQP and LMI have surged strongly last week. JLP, as a low cost platinum producer, not yet recover and will hopefully start to make recovery next week. Furthermore, AQP platinum got a takeover offer which now make many to believe JLP will soon get its takeover target/JV partner, potentially after mining licence is granted, which is expected in this month. those interested can dyor on JLP and see the huge potential in there, with JLP sitting on $4bn worth of assets and mcap only 30m? no wonder JLP was 30p a couple of years ago and now making the comeback.

WRES is better than WLFE. Both have similar amount of reserves but yet WRES is 5 times cheaper ie, have 5x less mcap than WLFE

Lonmin, and other platinum producers are in deep shaft mine (huge cost and labour intensive) while JLP is focussing on tailing (low cost and profitable), even Tjate mine is shallow mine deep (not so deep as most other mines) EXCELLENT POST : for those wondering why Lonmin/amplat etc are cutting cost: i am sure you are aware, those in JLP and especially those who have done their research, are well aware that platinum price is depressed and at the bottom. Lonmin, aqp and many companies are in problem and are cutting cost etc. so what make JLP so special? JLP is in tailing dump/surface projects which are very low cost (hopefully you do know what is "tailing dump" ) and this low cost project are very profitable even at low platinum price, even more so when platinum price increasing next year, as expected by many analysts. this project also not labour intensive. many platinum producers such as Lonmin, Amplat etc are mining in deep mine, down 3000m deep underground, hence huge cost are required. obviously for some deep mine, its not profitable to mine at current price. they are also labour intensive and are affected by strike in SA etc. however, JLP tailing projects which are low cost, are so profitable that several banks already confirmed to part financing these tailing projects. now waiting legal sign off (see webcast) in addition to tailing project, JLP also has Tjate, which has huge NPV of around 1.6bn. the good thing about Tjate is its not as deep as other existing mine. you can start mining as shallow as 600m deep (see JLP website) Leon already confirmed they are in discussion with several parties interested for JV of Tjate, not surprising as i am sure Amplat (for example), can see Tjate will be even more profitable (shallow mine compared to other deep mine) then their existing mature mine. these large firm will not take the risk doing the JV with JLP now as we still havent got the mining licence yet. However, once we get the mining licence (within days i believe - see webcast), the uncertainty is then removed and hence will make it easy to finalise any JV.

JLP webcast earlier today - confirmed tailing dump projects cost only around $400-$500. so even at low platinum price of $900, JLP will be hugely profitable. details of webcast summary here, by YODA: iii.co.uk/investment/detail/?display=discussion&code=cotn%3AJLP.L&it=le&action=detail&id=11709376

this depressed platinum price actually good for JLP. this will close down many deep mine which are expensive to run (and in turn reduces the supply to the market). the one will make money is tailing dump/surface projects which has very low cost (around half the price of platinum price) and hugely profitable at current commodity price. JLP has two huge surface dumps :) targeting 40,000 ounces per year with cost around $400-500 (compared with platinum price of $950)

down again, and now rattling around $950. not sustainable with many analyst forecasted that platinum price will hit bottom soon and then rapidly going north, averaging around 1200 next year