Member Info for Jonah58

It depends on the basket price Coeurdelion. It’s not inconceivable that at some stage this will be in the region the Tjate ceases to be just a dream. At which point posting here would be far from irrelevant. So long as we have Tjate we are not totally unexposed to the unpredictable vagaries of the PGM market.

Happy new year to you Mickie and all LTHs. You never fail to lift my spirits.

Agreed. Thanks Seis for sharing your hard work with us all. I’m not sure PGMs have run out of steam. Some of yesterday’s losses recouped today and rhodium pushing $9000. I appreciate it’s a short term issue for us, but should be helping the bottom line for now.

Just taking a break after Christmas lunch. I’m reminded that a number of our friends are going through very tough times and that we should remember that the success or otherwise of JLP has only a small place in our future happiness.

Thanks to everyone who contributes to the lively discussion here. Have a happy Christmas with peace and fulfilment in 2026.

A bit of history. When we sold the smelter at Middelberg, we were told it was because there was no money in chrome (ferrochrome) and the future was PGMs at Hernic. And it turns out they were right. Platinum up 7%, palladium up 5% today. So much material in the eastern limb that we were thinking of building a second process plant there.

I voted against the sale. I still believe it was not in the interest of the shareholders. We’ve got to start producing a hell of a lot more copper to make me change my mind.

I’m inclined to agree with your comment re suppliers hiking the price of ROM, Kalan. It depends critically on our ability to process transitional ore profitably at Roan. If we can do it and nobody else can, or wants to, we will still have leverage.

Thanks for that J M K. I was beginning to worry that I couldn’t get my head round these accounts despite a recent maths degree!

I appreciate your taking the trouble to come here and correct some of the misconceptions posted by less knowledgeable contributors.

Around that time we were informed by RNS that we were operating the PGM business profitably, even when the price of platinum was only about $900 and we were producing little chrome. According to Seis’s charts we are not producing chrome at a loss, so our current earnings from PGM operations should be terrific. If not, it would be reasonable to ask for an explanation. Platinum up another 2% today and palladium up 5%. Rhodium holding its own.

Harm. Seis has posted links to satellite images of Molefe on several occasions , though you may have to trawl back several pages of his posting history to find them.

Meanwhile we continue to produce and sell platinum, up another 3% today at a five year high. No rush to conclude the sale.

I don’t think we should be employing children, Kalan.

Nice post Kalan. Interesting bit of reporting on BBC website today. Not JLP specific but generally relevant to anyone taking an intelligent interest in our company.

https://www.bbc.co.uk/news/articles/cj6nly288j4o

Gray. We will have solved the twin prime conjecture and proved the Riemann hypothesis long before I comprehend one of Leon’s RNSs.

Gray. We will have solved the twin prime conjecture and proved the Riemann hypothesis long before I comprehend one of Leon’s RNSs.

The charts tell the story. At least we should be making good money on the SA operations, even if it doesn’t last much longer.

I agree Seis. I was lucky enough to sell the majority of my holding on the spike, but that was because I had to, not because I was in any way canny.

But it is frustrating supporting our company ( which I want to do) when you go to the website today and see, in banner headline letters, “Unprecedented Growth in Chrome Processing for a Secure and Sustained Future “. It’s kind of insulting to what little intelligence I have!

Anyway, I agree we have a lot in place now and perhaps, unlike all previous projects for the last 15 years, Zambian copper will reward the shareholders as well as the BOD.

That sale proposal was 11 years ago - Quartzhill. I don’t think the buyer was ever revealed but we assumed it was a neighbour at the time. Quote from RNS:

Directors are pleased that Jubilee is progressing towards completion of the sale of Quartzhill which is expected to generate gross sale proceeds of GBP 4.1 million (ZAR 75 million).

The Company has completed a SAMREC Code-compliant resource estimate over the Dsjate farm (“First Mine” area) using The Mineral Corporation Ltd as its Competent Person and based on an initial 42-borehole drilling programme totaling about 65 000 metres. It also carried out an initial mine study including mine design and preliminary mineralogical/ metallurgical testwork.

I guess the issue of feedstock comes into the equation. We bought Sable to process zinc and lead, then miraculously we produced some copper, presumably from some legacy material that was lying about. This must have had a decent cobalt content.

We are now relying on the trickle of material from Molefe and I’m not sure how much cobalt that contains and how it will be affected by the proposed onsite processor. We do know that preliminary results with GlyLeach on tailings were not very good for cobalt.

A lot of uncertainty here, but I agree it would be nice to hear that our company have the cobalt possibilities very much under review.

Do we have a date and venue for the AGM yet?