RE: Copper modules15 May 2024 08:52
Fully agree Gray 1- on delivery always be on the negative side. Mining and engineering always takes longer and costs more than first predicted. I'm still not sure in terms of rns and signed off agreements where JLP are in regards to spending IRH's money to move the waste rock projects forward. It will take time but as often has been said, Roan up and running is the key to a re-rate. However, another 8.5% rise from here and I will have doubled my original investment and be various amounts from 10% to 45% up on my additional investments. Use TA to time entry and sells guys.
On commodities prices, copper above $10300 now and platinum at around $1,060 (my range estimate was $700 to $1100 so near the top end of that range already), the South African team will hopefully be switching to richer pgm stock feed now to deliver more ounces at higher selling prices.
Come on Roan - no more cash flow problems for JLP with Roan breaking even and moving into profits, pgms adding to the bottom line again and chrome self financing the two module expansion. We can wait for IRH stuff to be sorted.