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Just at the very start of copper race. How fast can you run Leon? The great copper rush is underway. Have a great weekend everyone.
The Roast boys should be out there soon HD.
Jonah, I am guessing Leon will go it alone with Chambishi! M is pretty much going to fill Sable on its own. I believe there is circa 150k tonnes a year spare processing capacity at Mopani, so i believe OB1 and potentially OB2 will have plenty of refining capacity. Leon has stated there is potentially lots of M’s inbound and they will have to expand Sable and consider Chambishi for these. Sable is perfectly located for M and all the surrounding M’s. Jubilee is positioned so well in the mix of Zambia now, who knows what will happen and how fast! Fire cracker time!
Northern, what a great position we are now in. IRH mean serious business. There is an aura around copper ATM, which is creating a copper fever! Almost like the great gold rush! The copper rush is heating up and the competition for a diminishing pile of assets is increasing. This leaves Jubilee in a great position. If i had control of IRH and could buy a mine at circa $2-3B. Or give Jubes another $50M for OB2, OB3 and so on. I would be pushing Jubes to the limit! Hence, i dont think it will be long to the next announcement. IRH will want to secure the projects whilst copper prices are still fairly low and Jubilee command the space! This is going to be an exhilarating 12-18 months.
Https://www.forbes.com/sites/timtreadgold/2024/04/03/copper-bulls-can-see-a-record-price-of-12000t/
Indeed HD, when the market moves, it will move very fast here! The market will be playing catch up!
Https://www.livemint.com/market/stock-market-news/multibagger-stock-hindustan-copper-share-price-zoomed-118-in-just-5-months-gained-215-in-a-year-what-lies-ahead-11712036581014.html
Our turn is coming and will keep coming with all the opportunities in Zambia. Coupled with our first mover advantage and unique skills……. The wedding ceremony is over, its time for the first dance!
We’ve been here a while LJS. I must have about 8/9 years dedicated service now and you must be similar. We’ve seen some complete nut jobs on here in that time. But i do feel now, no matter how many detractors/ nut jobs on here our time has arrived. The fundamentals will now show through and no one can deny the incredible achievement of Jubilee. Ground breaking achievements in chrome and copper recovery that will reward every legitimate share holder here. Jubilee is on the cusp, years and years of hope are about to become our fulfilled destiny! Happy Easter everyone.
Agree with you Seis, but effectively they become 2 and 3 as there is already one at Thutse.
Charles, the first module sprung out of the blue last June. That is behind the increase in chrome earnings. They had the option to increase. Which is now being acted upon.
Northern, there are 10-12 M’s just in the vicinity of M! Surely this would call for the further expansion of Sable. I think originally they said they could easily double the size of Sable. This would make sense with all the local opportunities around M. I also think Chambishi is on the radar and will help exploit growth further away from Sable. The opportunity is off the scale here and we are just getting going. Growth, everything we used to dream about is finally upon us.
Seis, one point Leon underlined and underlined at the AGM via video link. Was how shocked the market would be at the speed of the rollout of the copper expansion. I think we can all see how this can happen now and cash flow will just expedite this. I’ m pretty sure it wont be long before we see another project with IRH as well. Sentiment is going to change rapidly here.
Well, happy Easter all shareholders. Full of good news, plus a sprinkling of more good news for good measure. Looks like that might have caught a few off guard! What really stands out to me is the joint venture. With over 260M tonnes present and i think some estimates as high as 350M tonnes! It is striking that the initial 4 modules will have a combined input capacity of 2.4M tonnes. A rough calculation says that is going to take around 108 years to process. I would expect another 4 modules to immediately follow the first 4 modules, with another 4 modules following the first 8. That really highlights the significance of this project. I would expect this to be producing 60-80k tonnes of copper per annum if fairly short order. Thats just the joint venture! Jubilee is in an outstanding position! Congratulations to Leon & team, the progress has taken a while, more than expected, but the opportunity is first class. Word will soon spread on this. This is going to be one exciting summer!
Totally agree Nelson, Neil Reynolds brings control to a situation that could easily get out of control. By this i mean, Leon could clearly spends millions and millions on developing the company without control. It is noticeable the amount of references we have seen recently to financial approval. RNS reporting has clearly improved and quarterly reporting was a must. Nice to see very timely reporting too, usually early. So all good on this front. But Ollie has to take some credit as the structure in the company is becoming clearer and clearer. Ollie is definitely shaping Jubilee to become a powerhouse. Ricus is going to be very important in developing what appears to be lots of opportunities, especially like M. I think the team is in now well and truly set, led by Leon. Leon is clearly a leader with great ambition and who knows how big this can all get now? With copper about to go commercial and the growth plans already in place and known by us, it is just a waiting game for investors. But the real investors here are wondering just how big this all gets! Not bickering over a few days late, or making up rubbish to try and force a few holders to sell or deter new investors from buying. The real investors have belief this is going all the way and i am backing Leon and his team to achieve this.
If the first new chrome plant is up and running in 2 and a half months, that will have a significant impact on next years earnings! Lets hope the second one isn't far behind!! Just waiting for the confirmation Roan is complete and munching rocks! Not long by the sounds of it. Very keen to see how much copper, they have processed this quarter between Roan &Sable.
Https://www.bnnbloomberg.ca/commodity-corner-booming-demand-spurs-copper-price-to-new-high-1.2050627
“Theres room for copper stocks to move a lot higher in tandem with copper prices!”
Yes GotReal, he certainly smiles as he twists the knife!
Im not sure Kalan, the times of the trades are clearly stated, with one actually in the morning.
Line, lol!
Even better Heroic, they could deliver a new chrome module, without even saying there was one coming as in summer 2023! Which completely changes the bottom!