Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Didn't come out like I had hoped.
First number is 3rd quarter 2021, second number is last year 3rd quarter 2020 and last is the % increase.
Q3 YTD 2021 vs.
Q3 YTD 2021 Q3 YTD 2020 Q3 YTD 2020
Copper (USc/lb)(1) 434 273 59%
Platinum Group Metals
Platinum (US$/oz) 1,118 876 28%
Palladium (US$/oz) 2,582 2,143 20%
Rhodium (US$/oz) 22,009 9,465 133%
Basket price (US$/PGM oz)(2) 2,868 1,869 53%
Time to reap the rewards. No better share to be in, imho.
Interesting discussion
https://podcasts.apple.com/gb/podcast/mining-stock-daily/id1418050443?i=1000538980075
DYOR
2 month old video but very relevant to now and even more so once Roan has been commissioned starting next month.
https://www.youtube.com/watch?v=6LBC8ntzgIA
DYOR
Haven't seen anyone moan about the not so subtle rise of the SP by 11,34% in the past 5 days.
@prickly Welcome. I do believe your timing was as good as it gets in the current market.
Elon, Richard and Jeff, keep tinkering your rockets, this one is destined to lift off next.
Enjoy your manic Monday guys and gals
Something BIG is brewing and about to come out.
Maybe going to let an elephant out the bag.
Fantastic Friday all
I really find it hard to understand why PI wait for the worst possible time to sell. There is so much news to come out of here. At least wait for an RNS to come out. Just my opinion. 120k shares sold at below 15.75 vs 187m bought. Somebody has it wrong.
@osammyboy : The only thing I can say is at least you won't be bored. You may still be tired watching Bitcoin trade 24/7 :D. GL with that!!!!
That was the average basket price - $2853 last quarter.
Still healthy for Jubilee.
@Kaiser
I would agree that $200 million dollars is, for the moment a goal to reach rather than a realistic number, the numbers that interest me are, 100% Roan, 80,75% Elephant and the Mufulira Tailings Project 97%. Those are extremely profitable numbers we are expecting over literally a MOUNTAIN of tailings and over a significant period of time.
That to mean means SIGNIFICANT recurring revenue and cashflow we never previously had. Let's not count the chickens before they hatch, but BOY OH BOY, I'm loving being part owner of animals in the wild waiting to come home.
Tharisa results were out this morning, 25% drop in the PGM basket price over the last quarter, so the diversification into copper, albeit slightly late will bode well in the longer term.
GLA and DYOR
Wishing you all a tremendous Tuesday
"I completely agree with your assessment there. People moaning about selling shares because the share price is sliding down on the fact that there is no news coming out. I bet these same people don't moan on a rise without news, would they?"
@ Kaiser - I disagree with your assertion above. They would be moaning that the rise is not enough.
@ Nelson - 100% Agree with you
@Mikie - If only we had the capital sitting on the sideline that we have in the share. :D
@JLP shareholders - Just RELAX - Your copper, cobalt, chrome, platinum, palladium, rhodium, gold, zinc, lead and eventually vanadium is in good, capable hands.
Happy Wednesday all
Adios Heroric and best of luck.
JLP is not the only share stuck in what you perceive in the doldrums. Have a look at SLP share price with their 4p dividend, they are down below 90p having been as high as 147.50p in May 2021. Thankfully we have mounds of copper tailings to fall back on.
In the words of Warren Buffet (I know I quote him a lot, but he has many memorable quotes) :
"the stock market is a device for transferring money from the impatient to the patient"
ATB
@homey
There will be an update of some kind given the amount of projects on the go, strong possibilities of JV's etc. It is a question of when imo, it may not be described as quarterly update but it will be an operational update, webinar or presentation.
WH Ireland also need to issue a broker's note. Given that they placed the shares within 3 hours, they must know much more now than they did.
@noexcuses
From the 6 month Operations update released 6 August 2021.
Jubilee's PGM operations consist of the Inyoni and Windsor JV PGM operations. The construction of the expanded Inyoni PGM Operations to increase its processing capacity by 45% to 75 000 tonnes per month is complete and commissioning of the expanded operation at Inyoni has commenced.
Commissioning was expected to have been completed at end of August 2021, so I would think it would be done by now.
We await news as usual.
I do expect an update. My only concern is that it isn't produced in October and rather November (possibly with the announcement of the AFS and AGM) to coincide with Roan being fully commissioned.
Time will tell
Hopefully a 1st quarter operations update in the next 2 weeks will be the spark that lights the fire.
Something I try to live by now are the ten tips for investing given by Warren Buffett:
1. “Rule No.1: Never lose money. Rule 2: Never forget rule No.1.”
2. “Price is what you PAY. VALUE is what you get.”
3. “Only buy something that you’d be perfectly happy to hold if the market shut down for 10 years.”
4. “We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful.”
5. “Risk comes from not knowing what you’re doing.”
6. “If you are not willing to own a stock for 10 years, do not even think about owning it for 10 minutes.”
7. “We don’t have to be smarter than the rest. We have to be more disciplined than the rest.”
8. “Cash combined with courage in a time of crisis is priceless.”
9. “If you have more than 120 or 130 I.Q. points, you can afford to give the rest away. You don’t need extraordinary intelligence to succeed as an investor.”
10. “Unless you can watch your stock holding decline by 50% without becoming panic-stricken, you should not be in the stock market.”
Caerus Mineral Resources (LON: CMRS), the exploration and resource development company focused on developing mineral resources in Europe to support the global "Clean Energy" initiative, is pleased to inform Shareholders that diamond drilling for Resource definition has commenced at the Troulli Project one month ahead of schedule.
The diamond drill rig scheduled to arrive in Cyprus in October has been delivered to site almost a month early. The rig was transferred to the Troulli Project site on Friday 17 September 2021 and commenced drilling on Monday 20 September 2021.
Highlights
· The Resource evaluation programme scheduled for Troulli Project has commenced ahead of schedule
· Hard rock samples will be collected and delivered to Jubilee Metals Group ("Jubilee") for further detailed mineralogical test work
· The Company will capitalise on the current availability of both a diamond and a scout drill rig to run two drill programmes in parallel
· Access to low-cost scout drill data enables the Caerus exploration team to broadly define legitimate targets well-ahead of more costly diamond drilling and the definition of potential Mineral Resources
· Diamond drilling will initially focus on sulphide mineralisation in the former Troulli open pit, extensions of the pit, the high-grade gold oxide zone and underlying sulphide mineralisation.
· Scout drilling will operate in advance of the diamond rig testing the 1.5km long structure hosting impressive evidence of hydrothermal activity (a prerequisite for Volcanogenic Massive Sulphide formation) that may link the Troulli deposit with the Kokkinapetra deposit.
· Scout drilling will also test the 32,000m2 surface area covered by gold oxide mineralisation at Kokkinapetra and test for underlying sulphide mineralisation.
· Once scout drilling is completed, the rig will relocate to other priority targets within the Caerus project portfolio and delineate mineralisation in anticipation of follow-up by diamond drilling
The rig will drill-out a variety of resources and targets provisionally defined by the recent scout drilling programme with the purpose of defining an NI 43-101 Mineral Resource and will provide high-quality fresh samples for further mineralogical test work being undertaken by Jubilee Metals Group ("Jubilee").
Commenting on the dual drill programme, chief executive officer Martyn Churchouse said; "The preliminary work undertaken over the past few months is starting to deliver results and the benefits of having two drill rigs available to us on a full-time basis is becoming evident. We have a well-defined drill programme prepared for Troulli and depending on the results of the scout drilling we expect to be able to roll out the diamond programme to include the prospective structure linking the Troulli and Kokkinapetra deposits and potentially increasing resource tonnes well beyond our projected estimates".
More news out of Cyprus
According to the previous TR-1 issued by Slater, Slater owned 121,300,000 shares and now own 271,463,789, which is fantastic.
According to the JLP website, Slater already owned 190,200,000 as at 21 September 2021 (8,48%).
I would like to believe that Slater did not sell down their holding at higher prices knowing full well that they would be offered shares at a lower price given their obvious confidence in the Company .
Would that mean that there may be another TR-1 on the horizon?
GLA and DYOR
I say "possible", with tongue in cheek, if you read page 8 of the presentation:
First JV Project identified
• Second drill rig on-site a month ahead of schedule
• Mineral Resource Drilling commenced
• 3 further priority targets primed for drilling
• Processing plant design & optimisation underway
https://caerusmineralresources.com/wp-content/uploads/2021/09/Investor-Presentation-Sept-2021-Final.pdf
Will give us some idea regarding the "possible" JV's
GLA & DYOR