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Initially, i was surprised to see the quarterly come so early, a pleasant surprise. Well done Neal. But my surprise soon turned to disappointment. Just when you think they're getting there, the kicker drops in. After a few harshly thought words, i actually started to look at the bigger picture and the message in the RNS. The feed is starting to arrive. Roan without the feed is useless. With the IRH deal and M coming on line later this year, they need feed now. With two new deals just signed and 3 on their way, feed should be arriving at a similar time to roan being ready. maybe the plan all along. It can be clearly seen Jubilee is making headway in the small mining sector under their own steam. The growth potential here is perhaps collectively bigger than many thought. The need for additional refining capacity will certainly arise sooner rather than later. My guess is Roan will be extended to double capacity as suggested circa 3 years ago and a new refinery as suggested at the same time will be purchased. There was suggestion of two new refineries with one dedicated to cobalt. But i am guessing Chambishi will solve both the cobalt and additional copper processing capacity. Clearly the potential for Jubilee to grow fast and organically in the small mining sector is there to be seen and soon tasted. But collectively all those small miners become a different animal. Hopefully news of more contracts will arrive on a steady basis. At the other end of the scale we have the IRH deal coming on line towards the end of this year and i would not be surprised to see more deals announced here, individually on a much larger scale. So after the disappointment of Roan initially, the reality and scale of what is about to happen is somewhat over whelming. Well done Leon & Team a few weeks is neither here nor there, especially if you get most of those small scale miners. The challenge is to get most of them.
Outside of the board, i doubt anyone knows Jubilee better than Slater. Very interesting they are increasing their holding again!
Https://www.bnnbloomberg.ca/an-eye-watering-squeeze-in-copper-ore-is-firing-up-the-bulls-1.2058577
“ Across the market, traders and smelters are paying roughly the same price for copper ore as the copper contained in it would fetch once processed — a highly unusual situation that points to a shortage of immediately available supplies.”
Indeed Ardbeggar. It was followed yesterday by PPI coming in lower than predicted at 0.2%. But wasnt enough to turn current sentiment on CPI. Fed look like they are still treating this as a bump in the road. All eyes will very much be on the next print. If it resumes the downward trend, the soft landing is looking very solid. If it keeps rising, who knows? Another rate rise? If you look at the dot plot, this would suggest the soft landing and a bump in the road scenario. Lets hope thats right.
Sumo, hopefully we get the perfect landing! All eyes on US inflation!
Yep, i can see that GR, but its surprising me, people now predicting $3k gold, when risk assets are likely to become much more trendy! If the drag factor becomes more significant there could be a fair jump in PGM’s. A weaker dollar will help here too. Definitely looks like PGM’s on the move, with lots of potential. Certainly helping the bottom line ATM. Final quarter could be a little special with elevated chrome, copper and PGM’s.
Nice to see platinum break $1,000 on Bloomberg and Trading economics.
If you find what you consider to be a winner and its in your risk tolerance, throw the kitchen sink at it! I particularly like commodities for one single reason. Every company needs them! It might be difficult to pick which electric car manufacturer is going to be a winner. But you know whoever wins will need commodities!
Hopefully the quarterly report may be early again. Neal Reynolds timing so far has been immaculate. Earlier than expected every time! Scheduled end of April / early May.
Definitely Seis, worst kept secret ever! We’ve spent 5 years waiting for this time! Originally thought it would be tailings first. But understandably rocks first. After what seemed an endless void over the last few years, i feel the pace of development now, cannot be over exagerrated.
Jubilee is entering a different phase now Frog. Their achievement is no longer a pilot run, a laboratory test or a theory. Its now a commercial plant eating what was considered un digestible and spewing out copper. No wonder they want to show it off and no wonder the industry wants to have a look.
Morning Frog, have a look at Seis’ earlier post. The Zambia EU copper forum are conducting a field visit to Jubilee for its delegates this week. Seems like Jubilee are very proud of their achievement. Apologies, no dig intented.
@ Seis @Dru, It seems Leon & co are very pleased to exhibit Roan! I guess its a ground breaking achievement for sustainable mining, that will start to get the worlds attention! The Roast boys are there soon. This may be any day? Does anyone know the dates?
Kalan, you are working extra hard to drop the share price today along with your trader mates. Even playing the warrant card! You must be really pleased to see copper at $9,500.
Nothing goes up in a straight line as you say Frog, but i cant see a retrace yet at these prices. Too much to come and commodity prices driving up the bottom line! Even PGM,s!
Fundamentals and commodity prices are now in charge. Share price is still way undervalued! Cant see many sellers still other than traders trying to talk the share price down.
My guess would be the 20M warrants issued in December went to IRH. I could be way off here, but the deal terms were very good for Jubilee. The timing is right. That deal gave Jubilee immense credibility and market position. Not to mention circa 40% of a 4/8/12 module project and unlimited processing capacity at Mopani. Im justwaiting for the next one!
Yep Frog, when you look at the probable earnings here by year end, the share price will eclipse former highs!
Very difficult to get a buy quote on IG this morning Frog!
Dorf/Seis, i agree with you both. The fundamentals of chrome and PGM’s , currently represent our biggest earner and are set to rise well above $50M per year! This alone more than supports the current share price! Not only will this make us one of the largest chrome producers in the world, but Leon has already suggested further expansion from here. This just confirms his mind set and what we can expect on the copper front. But copper has all the market sentiment at present and only looks to become more bullish! Just the mention of copper creates a shiver down ones back! Jubilee is in such a dominant position for both metals! Chrome earnings are completely misunderstood by the market to date and i believe, will come as a major shock as the year develops . Copper is the trend and everyone wants to be involved, but Jubilee has the key to a vast, completely untapped resource sitting at surface, with a high copper content, just waiting to be exploited. I cant state enough, what a golden position Jubilee are in! I believe the market has an incredible shock in store and the growth in the next 2-3 years will be unprecedented in mining terms!
Very happy days, HD!
https://www.mining-technology.com/news/zambia-could-raise-copper-production-to-1-million-tonnes-by-2026/?cf-view
Nice mention for Jubilee. Clearly Jubilee are a big part of Zambia’s future as Zambia is a massive part of Jubilee’s future! Leon has positioned Jubilee so well in Zambia! Its no longer a question of will Jubilee succeed in Zambia, its a question of just how big will Jubilee become in Zambia?