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Dorf, the fact you hold big here, is testament to the true potential Jubilee have. If they realise a fraction of this now, no one here will be disappointed.
Seis,
I have just had a look at the chrome figures and agree with your margin at $23.18 for the second quarter. This is a substantial increase on the first quarter. Revenue for the second quarter was $64,637,010 ( 718189 x 90 ) minus $ 28,618,055 ( 336,683 x 85 ) = $36,018,955. Divide by 381,506 tonnes equates to $94.41 per tonne revenue. Using the same method costs were £71.23 per tonne giving a margin of $23.18 per tonne. Hence chrome earnings of $8,843,309 for the second quarter ( 23.18 x 381,506 ). On a yearly basis this is $35,373,236, a substantial difference made by the last Thutse module and contract. Add 2 such further modules and i believe chrome earnings jump over $50M, as long as chrome prices hold, especially when you look at the difference one such module has already made. The current market cap is only 3 times this figure??
I believe in Jubilee very strongly, i believe in Leon & Co very strongly. I believe you are a two bit con man at best. Wont say at worst, but i am very grateful for you getting me interested in Jubilee in the first place.
You just completely make it up and try and justify when called out. Your missing the point Project M is completely owned by Jubilee, or will be when they activate the right to buy. Many more M’s on their way in!
Whats the point of betting with someone who is proven dishonourable and highly likely to default on the outcome? I am guessing you have worked out you need to reign it in a bit during the week, but can riot at the weekends un checked! Keep reporting everyone. Jubilee is clearly on the turn, chrome earnings rising, just report him at every opportunity.
Morning Jonah, great to hear from you. Like you, i think Rikus is having a great impact here. I believe he is securing a lot of the feed piles and opportunistic feed stuffs. I believe the new M’s are being lined up like ducks! The market has not recognised the size of these projects and long term supply yet. Leon clearly stating 4x M is equal to a large mine! Neal is also having a great impact here and i am guessing he is the financial control being referred to. But i do believe he is capable of the creative finance and is being given the ammunition from Rikus and Leon to achieve this. If there is proof of long term supply and ability to process, the bond market opens up, the banks become interested, private equity have a sniff and off take agreements very much come on the table. So much was said at the AGM without realising the importance. Ollie was stressing the ability to use off take agreements for financing and i guess we are now close to that! Leon did a direct link and was stressing no one would believe the speed this would now roll out! He subsequently suggested this, reiterating the best IP protection is to secure the majority of the market! I believe we have hit the turning point and are going to see rapid growth, beyond most expectations and its definitely now a team effort with Rikus, Neal and Leon driving this forward. With Chimbishi clearly on the cards, i think we are going to see the difference Neal and Rikus are now going to make! No pressure guys!
Possibly Seis, matters should become clearer soon.
Seis, i really believe they are planning that much volume. They are talking potential of 8-12 modules for IRH. That is going to seriously utilise Mopani. Leon was suggesting there was a dozen M’s near M. He has already hinted several of these are incoming. No doubt he will want them all. The anomoly at M may increase the number of planned modules. Refining capacity is going to become a big problem and thats before they even consider the tailing resources. Leon will want his own refining capacity for the deals like M. If the modules do as planned, development now moves at lightning quick pace and hopefully they get a bargain at Chambishi.
Seis, whilst there’s so many high grade rock dumps to secure, i think they should leave the tailings on the back burner. Sounds like a few new project M’s are inbound shortly.
Sumo, with Roan and Sable in full tilt. Financing like Northern said will be a different animal going forward. At the AGM, Ollie was talking about off take agreements to provide upfront finance. With proven ability, bonds and bank loans come into play. There is also no risk equity raising and an IRH style agreement. Hopefully Neal Reynolds will work some magic with Leon and get the best deal for shareholders. May even get some buy now pay later deal! Leon is a proven deal maker. This deal would transform Jubilee, literally.
Maybe a bargain to be had. Time for Neal Reynolds to shine.
Https://www.ergafrica.com/cobalt-copper-division/chambishi-metals/
So very interesting to see Chimbishi is capable of processing 6.8kt of cobalt a year and 55kt of copper. Substantial capacity indeed! Doesn't take a lot to work out what that would do for the bottomline! Further, the plant has been moth balled since early 2020 when ERG confirmed they didnt have enough material to keep it going. https://news.bloomberglaw.com/mergers-and-acquisitions/zambia-says-jubilee-is-in-talks-to-buy-chambishi-copper-plant
Chambishi plus Sable, plus the access to Mopani via the IRH deal certainly catapult's Jubilee to the big time! 100kt plus per annum, maybe within 12-18 months! The Roast boys may not have been far off the mark!
Nice post Edzi, if we were here 18 months ago, as most believed, there would have been very little share price drift and the price now would have been higher than previous highs. However, i do believe a lot of the lost ground in the share price will return when Roan is confirmed to be working as expected. Instant hike in profitability and confirmation of the untapped riches about to come our way. We are just 18-24 months behind schedule! A lot of people now have the chance to join the party here, at a much lower cost!
Hopefully not Sumo, as soon as people see Roan working and creating a 1,000 tonnes per month, the market will become more forward looking. The anticipation of growth and speed of potential growth will change sentiment massively. Plus earnings will be building rapidly.
Totally agree with you LUFC. The immediate, medium and long term outlook is off the scale, here! Clearly more refining capacity is going to be needed fairly quickly. Leon has been hinting about Chambishi for some time and clearly negotiations are in the advanced stages. Jubilee’s deal making has been exemplary and i see a very complex deal in the making. At the AGM, Ollie was going to great lengths to suggest off take agreements were about to come into play! There is also the mysterious warrants issued late last year! Stage payments in the past have been popular and of course there is IRH. But i think Leon will want to go alone on this. Hopefully equity raising will be kept to a minimum. I am hoping Neal Reynolds will have a positive effect on creativity here. If they do land Chambishi the processing capacity will move us to another level again. The potential growth over the next 6-36 months is difficult to comprehend, especially as earnings escalate. Sounds like several project M’s incoming. As LUFC says, a billion pound company is incoming, its just how many billions can they make it.
Think Bushey is saying buy SLP now?
Just going by Bushey.
Bushey thinks 4p is incoming, im not so sure?
Bushey jeros telling us not to invest here, but a couple more placings snd all should be be ok! I think!
So much debt here, cant see the trees for the woods!