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Totally agree NTD, although its looking like we could be swallowing up a load of small scale miners. @ Heroic, at this share price there is no real risk i can see. Gray has already illustrated how chrome more than covers the current share price. Chrome is well and truly proven and expanding rapidly. PGM’s can only improve. Very little risk here with chrome prices still in an upward trend. That means its essentially a free copper play. Not only is it a free copper play, its likely to be a rapidly expanding copper play. Chrome sets the president for this. So you can invest when all is proven on the copper front with 25k production and miss out on the multi multi bagger. I prefer to invest now and hold, knowing the concept has been proven with production on a small scale. The feed is now rapidly being secured and will arrive en mass shortly.
Northern, looks like Jubilee could be getting into mining in quite a scaled way. With the option to buy M and the other 2 completed deals. Im guessing they are building the option into every contract. Think Leon said they were pursuing 50 small scale licences. He later said each small scale mine could produce 4000 tonnes of copper per year. It doesnt take a mathematician to work out what that produces. This is another part of the future, that wasnt even considered 3 or 4 years ago! So small scale mining on the agenda, waste rock piles and eventually tailings. Looks like Leon & team, have really got their work cut out for the next 5 years. Leon, Neal and Ricus, just how big can you make this? The challenge is on!
Gray, i really believe, having an internationally recognised bank like the Royal Bank of Canada on your side, puts Jubilee up with the big boys. The money players! Think this heralds whole new possibilities going forward.
Gray, my apologies, that was out of order. I appreciate you were very positive JLP many years ago, from our previous conversations. It was just the immediate hint to equity raising. Please accept my apologies as i do believe you are very genuine, unlike some.
Connections and finance Gray. Doesn't matter how negative you want to be now, Jubilee are now moving in different circles. The scene is very much being set. Partners like IRH ( Abu Dhabi) professional connections like RBC. Advisers to the Zambian Government. New contracts and partnerships being formed as we speak. 2 added in the last few days! More imminent.
Doesnt matter what games you are now playing Gray, Jubilee is being internationally recognised, by some of the biggest players. The scene is rapidly being set and news is imminent!
“The world’s leading organizations look to RBC Capital Markets as an innovative, trusted partner in capital markets, banking and finance. From insights and advisory services to excellence in execution, we help our clients create success”
The big boys inviting us in to their circles? This is a class move.
Frog, that is very interesting news. Jubilee are moving into a different arena. RBC are a major player. Especially financing! From their website: “RBC Capital Markets is a leading and longstanding player in the international commodities space. We bring industry-recognized sales and trading capabilities to the table – risk management, hedging and financing solutions. We operate in all major commodity areas – from crude oil, natural gas and carbon emissions to metals and agriculture. With a dedicated Commodities team, we are able to provide clients with superior expertise and timely insights into an ever-changing market, while emphasizing the deep client service that is RBC Capital Markets’ hallmark.”
Jubilee moving into a different phase of their development.
Think you might be the first, lol!
Gray, i dont think its that the tailings are commercially unviable. Its more that the rocks are so much more viable. The rocks have an average grade of 1.5% - 3%, whereas the tailings sit at 0.3%. They are limited by cash flow at present and have correctly chosen to pursue the richest prize. Once they have saturated the richest prize, im sure they will move on to the tailings. Priorities must.
Lets hope Gray, this time next year we are celebrating. On the chrome and copper front.
Looking at the last quarter Gray, production could be a fair bit higher than 2M. If it is, the chrome figure is going to get more interesting. But its very interesting at $60M and provides a solid back bone. Whilst we have written off PGM’s, a small recovery in the price and they become interesting, especially with an extra 20kOz floating around. I completely agree, copper has been a disaster so far! But i’m taking the attitude Rome wasnt built in a day. I am now feeling very confident copper is on the right track and will reward all. It looks like we are coming good, just at the right time. Lots of feed being secured at a time when copper is jumping. Slater is one of the best in his field and he has been increasing his position. That says it all for me.
Gray if you are referring to the $23 figure, you need to look at the difference between 1st quarter and half year. I posted the calculation early March and i think Seis posted about a week earlier.
Sorry Gray, margin of 23.18 was second quarter not first half, after impact of new module.
Did- don’t, should have proof read!
You know, i did think you will be far off HD. Especially when you consider how many PGM’s should be produced at that point! The only kicker is neither new module will have a full year. Using the margin from the first half ( $23.18) x408710 ( 3rd quarter chrome production) chrome earnings for the third quarter would be $9, 473,897.8. I believe chrome prices hardened in the third quarter, do likely to be over $10M. Plus we know PGM’s hardened a little. This means the SA business is doing very well and more than supports the current share price on its own! Especially when you factor in another 2 modules! Share price should be way higher just on SA!
Seis, looks like all the copper predictions starting to materialise! Keep signing up the small miners and we should be able to produce copper solution for fun.
Shuvlin, by the time copper gets to $15k ( which now looks very credible), Jubilee’s production will be well over double 25k. The way they are picking up small miners, they will smash that, just in the small miner arena!
Brent is retreating too! Good news for inflation. Too much optimism around this afternoon. Must be contagious!!!!
Think of the compensation and potential loss of earnings claim Frog!!!! Lol. Always a silver lining. The really important message i got today Frog is they appear to be extremely successful in securing the feed. They have now secured 3 sites including M. With 3 more close. As soon as they get processing, new modules cant come quick enough. If they run out of processing capacity for cathode, the copper in solution market seems absolutely desperate for more copper mix! That will fund more refining capacity in short order. Fete and the wider macro is delivering for copper. We just need to get going now. Feed and Roan - hopefully May/ June we’re away.