Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Sumo, its very hard to disagree with anything you said. The only consolation now for shareholders is, the chrome earnings should now show through very soon along with much increased copper numbers.
Thanks Northern. @ Frog, its no surprise the share price is struggling when long holders continually undermine the company! There are enough detractors on here as it is! The chrome and PGM business is an outstanding success and rapidly growing! Soon to be the worlds largest chrome producer. That is no small achievement. Copper is now under starters orders with 600 tonnes per month. With much more to come. Even just the 600 tonnes changes the earnings substantially! @ Edzi, its easy with hindsight, but this may have been ordered quite some time ago, before last summer. Was there a major problem with the ports then? Im also guessing these are very sizeable components and air freight may not be possible? Perhaps im being too lenient here? But itcwould appear the said item is now being manufactured in SA. Another lesson or another work around the challenges of Soth Africa! Fortunately sorted soon and 1,000 tonnes of copper per month inbound. People are crazy to sell now, just when copper is about to become the stand out feature of Jubilee, even though they are set to be the largest producer of chrome!
Frog, its hardly a cluster #### of epic proportions. They have confirmed they are now processing 600 tonnes of copper per month. The required part should now be ready in circa 7 weeks when production can move upto 1,000 tonnes per month. Yes theres been serious delays and problems, but copper is now moving.
I wouldn't think your far out HD. Add in PGM’s and your over $50M! South Africa is a cracking business in its own right. There is so much focus on copper, the growth story in SA is going unnoticed. Especially with all those in dire need of canesten on here, detracting and fibbing beyond belief!
Seis, hopefully the cost per tonne will reduce the more the volume increases. I think Leon did refer to £4k per tonne. So the margin could be better than Q1. When Roan is at full capacity Ever may not be far out.
Indeed Ever, maybe just a bit less depending on cathode and copper in solution split. Can you imagine the numbers of £10k per tonne copper as predicted very shortly. Then theres the partnership to come. Another big increase to chrome on the way! Its all gravy now.
Yes, i would agree with you Jonah. Plus I, believe Leon is starting to be a little more cautious with his time lines. earlier interviews referred to the first module being ready, as early as June. He stated research should be complete by end of this quarter, allowing the manufacture to commence. I'm presuming they have already secured the build time with some of the placing money, ensuring the build is on time. A 6 month completion period, as you say would be ready for October! i feel he is building in a little more flexibility for the first time and saying end of this year. Unexpected problems in the past and the new team around him, probably urging caution on dates.
Pleased to see the copper price up circa 2% today. Never has it been more relevant to Jubilee now production has reached 600 plus tonnes per month. A very welcome plus to the balance sheet.
Gets more depressing here by the day Bushey! Did you say 5.5p? You could be right.
NTD, the more i analyse the update the more bullish i am becoming. Earnings are clearly rising now. As you say the bulk of the expenditure on Roan and Sable is done. Earnings are now going to accelerate. The large rock project will be fully funded by IRH. News on the tailings has slowed down, but understandably so. They have to get Roan underway before taking on the tailings and probably the new rock project too. Leon will be grasping for another refinery by then. With Roan’s capacity smashed. Loads going to Mopani on a tolling basis. Leon will be eyeing up the next refinery now. Copper is staring to unfold right in front of us. Whilst the chrome earnings look to be incredibly solid, especially when the new module is added.
Just call me mental then.
Seis, i dont get the excessive moaning today. Ok, Roan is behind schedule, but ramping up to 600 tonnes per month. Quarterly earnings will start to look quite tasty in the region of $15M. With so much more to come, the market has to recognise this soon!
Seis, you really have to question his mental state! I feel quite concerned for him! Still all that aside, Jubilee is now ramping up copper production. Not as fast as we hoped, but the ramp up is now on.
Wise words from you as usual Dorf. The detractors on here are having a field day this morning, predominately trying to get themselves invested, apart from the village idiot. The fact they want to be invested speaks volumes. Look through that short delay here and the copper is well and truly up and running. Its effectively now ramping up. 600 tonnes per month and then 1,000 tonnes.
Frog, think your being a tad harsh this morning. Its very disappointing about the delay. Numbers are now ramping up. Looks like they are still on course for guidance. Everything outside of Roan is looking positive. Its a delay, they are in the process of overcoming and shouldnt affect guidance.
After the initial disappointment of Roan still being 8 weeks away and coming to lots of irrational thoughts. I re-read the RNS and actually found it quite positive. The highlight being chrome up 39% on this time last year. But not just up in quantity up substantially in value. So looking forward to the numbers there, hopefully soon. Copper was up 33% on this period last year. Plus they are saying in this work around period, Roan is capable of 600 tonnes per month going forward and circa 1,000 tonnes per month in 8-9 weeks. In the grand scheme of things, in a short while earnings are going to jump massively and if the 6oo tonnes now is correct, they will jump up substantially this quarter. Disappointingly PGM's down 9% on a year ago ,but hey, there's so little money in PGM's its not going to change anything. But that is all our own production, this time last year may have included the joint venture, so could actually be better. Sable growing to 16k tonnes will be a massive boost to the bottom line. Thutse being expanded for another 300k tonnes expansion plus new life of mine contracts progressing outside of this. At current prices chrome in itself will become a considerable income source. So bitter sweet for me, see past the next 8 weeks and earnings start to multiply. To be fair at 600 tonnes of copper per month now, they are jumping now.
Wonder if its becoming harder to source, with all the shutdowns?
Seis, rhodium nibbling up, whats your thoughts on this?
Its becoming apparent Frog, hes getting his chats mixed up!
Haha Frog, when i first read that i thought he put it on the wrong board! At least you have corrected his mistake!
People will naturally want equity based returns in a growth market. A much greater share of the M2 monies will be directed towards equities. I also believe investors will favour copper based stocks to gold based stocks. For the simple reason, copper will increase in value and gold will drop in value.