Member Info for Jonah58

Thanks Seis. There do seem to be some odd figures and projections in the Zambian section, but there is no doubting the thrust of Cogito's enthusiasm! What was the fourth Chrome project they referred to in section 1? No mention of Dilakong!

I cannot see any specific news that could be responsible for the rise today. If nobody can fill me in, I will assume it's a P&D.

In terms of 'errors of fact per second of talking', this bloke is world class, but yes, it's all good publicity. Thanks for the post!

Nice to read your yor post, Red. As others have said, our flow sheets are designed to match the 'DNA' of the dumped material and are hence much guarded intellectual property. The W H Ireland brokers note from last year gave as much information as I have seen anywhere.
One interesting snippet was talk of Jubilee doing a pilot research programme of leaching copper sulphide ores in waste. I understand that there are three or four well understood processes but the challenge is matching the best process to the feed and scaling it up to an economic industrial level. However, I get the impression that if we can do this, then the advantages of a hydrometallurigical over a pyrometallurgical approach could be very significant.

I can't help you Ruman. It's been radio silence on Kabwe for a while. The first sign of activity would be moves towards a zinc line, but with all the investment in copper and cobalt I can't see that happening any time soon.

I agree that we have a resposibility to help clean up the abomination of the Kabwe dump. There are a lot of other agencies with fingers in this pie too, however, so there will be management and political issues as well as the purely mechanical ones to sort out. We are strongly promoting our ESG credentials, so I agree that Kabwe sticks out like a sore thumb.

https://www.marketscreener.com/quote/stock/JUBILEE-METALS-GROUP-PLC-4003964/news/Jubilee-Metals-Tackle-Lead-Poisoning-at-Former-Mine-35956533/

https://www.businesslive.co.za/bd/companies/mining/2019-09-17-kabwes-pollution-headache-is-jubilees-big-opportunity/

https://www.marketscreener.com/quote/stock/JUBILEE-METALS-GROUP-PLC-4003964/news/Jubilee-Metals-Kabwe-Project-Status-Update-26860666/

Thanks Seis for bringing this to our attention. Only just picked up your post as I’m in Skopelos.

I like his general comments. On the more specific, we have both been banging on about DRC so good to hear that. I also note he is specific about hedging our bets with three metals. PGMs, copper/cobalt, plus? I don’t think zinc. How about nickel? He works for Vale. Nice to speculate.

While regulars here will know me as a generally positive and relaxed poster, I have a minor gripe in that I would like to see our new Chairman put his head above the parapet. I appreciate that, as the institutions come on board, us retail investors, who have supported our company through thick and thin for many years, become increasingly irrelevant. But
I think it would be a common courtesy for him to introduce himself to the wider body of shareholders. Perhaps a podcast with LC or an investor call, in which he outlines his vision for the company and his priorities. He has been in post long enough. I'd write to the company to say I feel a bit miffed if I didn't know it would elicit a deathly silence.
Having said that, I can't see anything specific to JLP to justify the negative price fluctuation. I do trade with a tranche of my holdings but will not be selling just now.

Huge apologies. Wrong board Will repost on JLP which is where it was meant to be! Looking forward to getting the Phase 3 trial here off the ground in the near future.

While regulars here will know me as a generally positive and relaxed poster, I have a minor gripe in that I would like to see our new Chairman put his head above the parapet. I appreciate that, as the institutions come on board, us retail investors, who have supported our company through thick and thin for many years, become increasingly irrelevant. But
I think it would be a common courtesy for him to introduce himself to the wider body of shareholders. Perhaps a podcast with LC or an investor call, in which he outlines his vision for the company and his priorities. He has been in post long enough. I'd write to the company to say I feel a bit miffed if I didn't know it would elicit a deathly silence.
Having said that, I can't see anything specific to JLP to justify the negative price fluctuation. I do trade with a tranche of my holdings but will not be selling just now.

I am not sure,Brad, that we are looking for a benefactor as such. I'm pretty sure we are looking for a joint venture partner which could be anyone, including the Gabonese government. The terms of the JV will determine how much we earn from the credits.
Whilst you are right that a project started today will not start sequestering significant quantities of carbon for a few years, it may not take that long for the prospect of useful additional income to be reflected in our share price. Not the stupid hype of the de-bunked article,of course, but once a JV gets going we will see some action as punters forward guess the market, which they always do.

I do agree with Mickie and Seis that something is brewing in Zambia. Whilst it is obviously pure speculation, the ramp up in activity on Twitter is hardly needed to publicise our existing 'southern' strategy. Rather, it seems part of a plan to establish Jubilee as an important player in this space, integral to the overall mining strategy of the new government.

It’s called P & D cthed. It’s a long road to completion of a phase 3 trial. I’ve looked at the first one critically and don’t think it was badly designed. My major criticism is that it included a disproportionate number of participants from Mauritius (an isolated place where one might expect to find, historically, a reduced genetic diversity.) I agree that the drug was effective in the anti double strand DNA subgroup, but even in that group there was racial and gender inhomogenuity in response.
I am a lth here and have topped up recently at what I agree are attractive prices in the Hope of limiting my losses in the long term. By contrast, I anticipate any fireworks to be short lived.

Thanks again Seis for trying to bring some order to all of this. We do have a big pile of tailings at DSM too. God knows what is happening to that. Has the dispute with Cheetah moved any further towards resolution, I wonder? We might have used up most of the historic material at Hernic by now.

Dorf. Go to WHI website. Then click 'Capital Markets/Investors/ Research and Events Hub. You may have to register, but all they require is an email address.
Interesting that WHI agree that Roan tailings is low on cobalt, so that must be coming from 3rd party material.

I'm not sure what people are grumbling about. Read the WHI note referred to by Seis. Our operational footprint is now about twice what it was two years ago. We are told the Northern strategy is on track. We have some of the lowest unit costs in the business - and all at a time of global pandemic, China lockdown, semiconductor short supply, shipping crisis, recessionary fears, inflation, fuel shortage and war in Europe.
I do agree with Dorf that it would be nice if Dollie put his head above the parapet and, given the huge transport costs, some indication of progress (or otherwise) on the Eastern limb.
Nevertheless, a huge amount has been achieved recently. The drop in Sp has been on relatively little volume. Retail investors like us are starting to feel the pinch (I certainly am) and may be looking towards safer dividend paying investments rather than the wild west of AIM. A lot of people do not see now as the right time for high risk investing.
I could have said all these things when the Sp was around 3p for ages. Glad I topped up and held then. It payed off. I will be doing the same now.

Thanks Seis. You are a mine [sic] of information. Interesting that the average rhodium content is the same for both regions. I also feel sorry for poor ruthenium which nobody pays much attention to. I estimate we sell about $2,500,000 worth of ruthenium a year!

Thanks Seis and DRB. All good points which I accept. I agree there is plenty of cobalt in the Kitwe dumps but had assumed that will be processed in our northern refinery. The truth is that all the material is ‘northern’ and the split into northern and southern operations is somewhat artificial.

In the fullness of time it would make sense to process all the northern material in the north and use Sable for Kabwe, other local zinc sources c(Kashytu?) and possibly feed from just across the border in DRC.

Thanks Seis. As you say, the big unknown is cobalt. I was initially surprised we had produced any cobalt until I remembered that Sable was set up by Glencore to process DRC material which is cobalt rich. Presumably it was this stuff which came with the refinery that we used but I guess that’s finished now. I read in one RNS that Roan material is low on cobalt so why are we investing in a cobalt circuit for our southern strategy? Are we going to shift material from TD 52 or have we got, as I have long suspected, half an eye on DRC?

Whilst I share your general enthusiasm, that article is out of date now. I believe Galileo have disposed of Star.

Just speculating here. The very high transport costs seem to imply that we are shifting a lot of material from the eastern limb. I can’t believe we have locked ourselves into a contract with a chrome producer which obliges us to do that when we have ample material to process in the west.
The last I heard from DSM was a court ruling prohibiting us from shifting the material that we had beneficiated. Perhaps we have found a loophole and are moving as much tailings as we can before Cheetah plug it. Only a thought.