Member Info for Kalan

Manjana

If that's the case Ardbeggar then Harmprof could add "with humour" to his request.

I only trust people who can put their elbows in their ears.

Apologies to Harmprof for deliberately using the word minor instead of miner. It had been suggested that Harmprof simply takes our posts and puts them into chatgpt. I thought might get a humurous reply if Harmprof asked chatgptwhether JLP would be better off employing local minors.

However, Harmprof gave the matter serious consideration and provided an erudite and well constructed response. Apologies Harmprof.

Now I ask a favour, could you please ignore the resident tambourine shakers and would be board controllers and maybe cut down on the volume of posts. A high quality and succinct post is worth 20 arguing with those who don't listen or learn. Thank you in hope rather than expectation.

Harmprof - do you have an opinion on our choice of partner for the work at Molefe? Should we employ local minors who should be cheaper or go for a large international with a good reputation? I think I would go for the local minors myself.

$11,640

Not long ago it was about$3,000 lower.

Up over 30%. On a previous 10% marging, the profits would quadruple.

Production of copper in excess of 5,000t will move JLP share price. 10 000t will increase margins and raise the sp by a factor of 2 on top of the rerate.

I know we dont get the quoted price which is why we should always work with percentages. Its fair to assume that if the benchmark goes up 30% then so should our revenue per tonne of whatever purity.

Nice to see the newbies have sussed out good old cut and paste GLR loving gotreal.

Slapping Molefe high grade copper through Sable is the biggest show in JLP town. The rest is icing. The cake is mining at Molefe and processing through Sable. We are in Colin and Leons hands. Twas ever thus.

Sorry Chatmandu I think thats a bad idea.

The internet and this bb is full of ignorant people with high and mighty opinions of themselves. Giving them direct access to boar members would give them a feeling of empowerment they dont deserve. Imagine the poor person who would have to read the drivel which is repeated over and over again and then have to reply to said drivel.

Ok. A compromise. They have a filter button. 99% of us would be filtered out wuthin a week.

They are mostly digging out 0.7% contained copper and storing it for future processing to expose the 2%+ rock. They need to know that where they are removing the lower grade stuff from is the right place to access the better stuff. hence the holes. Yes GLR have a truck with a drill rig on the back. You can see a picture of it on their site. 4,00t copper this year fingers crossed followed by 6,000 to 10,000 the following year. get used to it - this will take time and we are basically dependent on mining and Sable.

Thanks for sharing that Jonah.

The reality for emerging economies is that they go through developmental stages. Primary industries such as farming and mining dominate employment.

Our own country (England) went through this and then onto manufacturing and now mainly services.

The scars have been left behind. I live in Rotherham and worked in local coal mines. Steel works were plentiful. The rivers were so acidic that if you swam in them it burnt your skin. The air was full of soot, washing often had to be rewashed on bad days as it got filthy on the washing lines. The air was acrid with smoke. I played on the pit pony fields as a youth or the local refuse tip.

I would like to think that if we were doing it all again, we would do it differently, but that is putting our current standards and expectations on the past. This is possible in Africa, where the damage being done is obvious and preventable. Human nature wins out. There are profits to be made and jobs to be had. The only people standing up to the pollution are the ones suffering financially i.e. the farmers. Easy to blame the Chinese but they are Johnny cum lately's to the African pollution scene. We have the knowledge and skills to avoid it all, but not the will. Simpering compassion achieves nothing, maybe the farmer's leagl routes to compensation will make a difference. Money talks.

We need open and honest assessments of where we are at with each of the 3 strategies.

A pessimistic but maybe honest appraisal like this:

Roan front end does not work when the material is wet - we can only produce in excess of x per month for y months of the year. Roan's capacity therefore is z.

The large waste project still has potential - however, it is impacted by the Roan front end problems on which the module design was largely based. We did/did not order advanced parts for these modules. We are working on improved designs based on our technology / based on more traditional methods / a combination of both. We are actively considering selling off the higher % contained copper areas to our third party buyer to reallise at least something from the project, based on sampling results.

We are pinning our hopes on the Sable refurbishment which is on schedule/ ahead of/ behind and the mining of higher grade material at Molefe. Ther is a x% chance that the whole area could form one large mineralisation. we have got in Colin's lot to drill and design because we don't know what we are doing in this regard. We chose Colin because he has historic influence over us and we caved in/ he offered a great deal when no-one else/ lots of companies were interested.

Honesty please, nothing else will do - look at the mess our current Government is in by repeatedly lying / hiding the truth/ deceiving/ sugar coating. Come clean, tell us the real facts, no-one believes the bull and the share price is suffering.

Holding and considering adding if we get to know more.

1. Has cash and receivables over 80% of the market cap.

2. Produces a commodity who's value is increasing.

3. Has a healthy margin of 30% plus over production.

4. Has no need to dilute shareholders.

5. Has full control over mining to processing to market,

6. is about to expand production markedly.

7. Has more than one stream of income.

8. Has processing facilities complete and ready to ramp up with little cash outlay required.

9. Has exciting events lined up, such as exploration results, production increases, partnerships and expansion.

10. Has a board that does not operate like a private members club in their own interests rather than the shareholders.

I know one with 9 out of 10, where the 1 out of 10 is decimating the share price.

Anyone know a 10 out of 10?

I'm FMK

Bobil

"I honestly know nothing of Galileo , but I note from the RNS that Leon says he is delighted to have found a partner with such an established track record in Zambia - could someone with any knowledge of them advise what other projects they have managed and how they have faired in accelerating production in these projects"

gotreal has in depth knowledge of the company- he could enlighten you.

On another positive note, copper through $11,000 again and industry 'experts' reporting that supply/ demand at a historic tight point.

The boys might be getting lucky this time. Prove up shallow copper reserves at a time when the value is rising (possibly dramatically) and it won't matter that they are incapable of processing it. In a bull market everything goes up.

Gosh I'm really happy this morning- thanks Rachael.

Thinking positively (whilst laughing at the same time- at oneself):

We now have someone to prove up the copper.

We have the cash to avoid dilution whilst doing so.

We have our own plants to process copper.

With Tjate - no pgm's were produced, yet the share price went from low 20p's to £1.30. A six fold increase.

Proving up one large pit and extending it out (message received Seis) could significantly increase the sp without production.

Getting the mine up and running and getting the processing right will take cash (we have it) and time - 18 months to 2 years IMO.

On a note of reality - the copper numbers to date are pitiful. The Sable production from Molefe can be carried to market by a bloke with a wheelbarrow and a sack.

Get those duck's lined up Colin - this time next year (or year after) we are going to be miwionaires bruv.

Again.

Then again - JLP share price flew when Colin drilled Tjate. Lucky to find this partner - chortle. He was down the back of Leon's settee.

I thought my tongue in cheek post wasn't very subtle. Wrong again.

The level of ignorance on these bbs is mind boggling.

Thanks for that Happy Days. I always though infill drilling was to do with dentristy. Glad you shred that with us. We learn more every day dont we.

Personally I hate dentistry, I always try to keep my tongue firmly within my cheek at these times.

Quick summary - we have been given an update containing just about all we nagged for. Production, margins and profits set to improve steadillly over next 18 months.

I f sp stays where ir is we should be on a p.e. ratio of about 4 then - too low - I always work on a p.e. of 8 for JLP.

Therefore my expectation is for the sp to double in that time frame. Either that or the targets are not achieved and the sp is somewhere between 3 and 6.

With progress on proving up future expansion beyond 18 months and/ or Large Waste Project production, we should see 9 or 10 p IMO at which point I will take my profits. Looking forward to some trading to enhance those profits along the way - need the upward momentum first. GLA

The only way is .....

22,279,492 warrants @ 5.2p due to expire on 7th Dec 2025

4,036,431 warrants @13.2p due to expire on 21st January 2026.

As far as I know that's the last of the existing warrants gone and the threat of dilution mitigated.

Options are another matter. I don't have a record of how many, when and at what price for them.

Agree with all that Gray1. From the sale announcement this became a minimum 18 months to 2 years to see fulfilment on the copper strategy. Those with a shorter time span for investing have probably left. Mining and Sable are the keys to sustainable profits from our own assets - these will take time to upgrade, prove up through drilling, get and execute a mine plan and then churn out profits. Roan coming up to scratch would add to the money pile but it's hard to see how Roan is now a game changer. The waste rock appears to be a saleable asset at least to a 3rd party but could be better than that. I'd bracket it alongside Roan as a possible source of share price movement with mining and Sable as probable sources.