Member Info for Mikiesunday

Https://www.mining-technology.com/news/irh-abandons-vedantas-copper/?cf-view

Hopefully focus may be back on our project. Maybe others???????

BB2, looking forward to seeing you at this years AGM. Very sad about your daughter, hopefully a full recovery being made. Since the AGM, progress has been a lot slower than intimated by Leon, but very solid none the less, with a big step change in income now expected with Roan and Thutse 2. I guess a re- rate well and truly on the cards now and may be assisted by interest rate cuts here and dis inflationary pressure in the States clearly helping metal prices this week. Whilst we microscopically examine Jubilee for reasons the share price has not increased, ghe wider macro may be more influential than many think, especially so in small caps. Please pass on our best wishes to your daughter.

Https://jubileemetalsgroup.com/copper/

Looks like lots of copper production going on now.

Https://x.com/jubilee_metals/status/1808402682337493132?s=48&t=62F63rmk05T4Rvt2zR_FCQ

Absolutely Gray and you bring me down to earth! Its nice to debate politely and pleasantly.

Gray, i think 10-15 kt is probably the best we hope for this year in copper production, but i still think 100kt is possible in 3 years. The IRH deal is very capable of 50kt per annum, but i dont really see that kicking in for 18 months.

Edzi, theres no chance its all happening this full year. The point I’ve been trying to make points towards growth on a regular stepped basis every 6 months now. Its not all going to happen in the current year. But like building blocks, one on top of the other. Every 6 months modules are going to come on line. Be it chrome or copper or both as in the next 6 months. With each module earnings will step up. It is now a steady rise. Actually a pretty dramatic rise.

They have no problem getting the chrome module units, now they have a templated system!!

NTD, thank you and i really believe this should your growth stock pick again. The fundamentals are screaming out, plus there is good support for copper and chrome prices. PGM’s found a floor and are creeping up. Leon has got his copper act together and come up with an even better plan than processing the tailings. There is a clear way forward with small miners that can generally be funded as we go. Plus they have great grades. There is a larger scale plan with IRH. All while the tailings wait in the wings. Chrome modules are now appearing at reassuringly regular interviews. The fundamentals are off ghe hook!

@ Gray & Sumo, the last few years have been very difficult, especially with PGM’s collapsing in price. But the way i see it now, is we’re through that and i expect chrome and copper production to rise every 6 months for the foreseeable future. PGM’s will have to rise as well, unless they stockpile. As sad as i am about the past i feel whats coming will dwarf that.

Gray , i dont think funding a couple of modules early next year is necessarily a problem in isolation for the IRH project. But couple this with the £30M to buy and i think £45M at this early stage is going to be too much. Especially if they have plans of a refinery at Roan. They have stated their intent on securing several more small mines. Couple this with 2 modules required at M &G and perhaps they will need to fund 4 or 5 copper modules in the relatively short term, which added to the purchase of several small mines is going to need circa$30M. They have a lot on their plates ATM, but once those plates stop spinning, i believe they will be in a position to fund some serious growth, but i just feel we need the partnership at IRH at these early stages.

Gray, We will have to disagree on the comms, they are not perfect, but much better. Much faster and make more sense. We know there has been problems on copper, my point being, its time to look forward. Everyone keeps harping on about the problems gone and wonders why the share price is not moving. Reading the BB, its almost impossible to understand why those people are invested? We are now told all is there and fast track commissioning this month!

I dont think its possible to effect the joint venture yet on our own, due to the purchase cost. If it was just the $6.5M i think they would go alone. Be nice if they could.

edzi, as frustrating as it is, comms have improved greatly under the stewardship of neal reynolds. we would have never got that last update pre neal.

matters havent necessarily run smoothly, but they appear to be making rapid progress now. perhaps its now time to get behind our team, stop ******** and help create the sentiment, that is needed to move this.

the wider macro has been against us massively, but thats about to change and move more in our favour. perhaps everything is coming together at the crucial time, when the company is getting its act together. time to focus on whats coming, not whats been!

Indeed Shuvlin. Since Brexit Uk companies fallen to 11 x earnings. Their US counterparts on 20!! The UK is looking very cheap. The mess in France will help London massively. Interest rate cuts will help propel the smaller companies. Could be a very interesting 6-12 months.

It feels like there is a very strange atmosphere in the air at present! There is a good possibility earnings could pip $100M in the financial year just starting. An achievement that has been eluding Jubilee for some time, yet there feels a depressive air around when all the planning and gusto are about to bare great fruit. Chrome is going from strength to strength with production about to rise significantly next month and another module not far behind that. Chrome prices edging up month on month! Chrome is undoubtedly set to be the star performer over the current financial year. However, how long will chrome keep the star performer tag? With copper set to feature in the current year, more significantly than ever before, how long will it be before copper is looking for the number 1 spot. With M&G set to join the party significantly, later on in the financial year, next full financial year could be a real tussle between chrome and copper. Perhaps the IRH deal making the difference! Who would have thought a few years ago PGM's would be the also ran, but still contributing numbers to the bottom line.

Maybe time for a mood change around here, with massive progress planned for the foreseeable future, the share price has to follow soon, otherwise its not going to be long before this is sitting on 2 times EBITDA!

I believe that is it Edzi. Begins “ Here it is”

Edzi, Seis kindly posted the broker note. Look at his recent comments.

Edzi, my understanding of the situation is 12kt of cathode at Sable and they are extending capacity to include 4kt of copper solution. I am assuming the majority if not all of Roans solution will go to Sable initially to upgrade. That is until the modules are in place at M&G. Then their output will fill Sable, leaving Roans production to go direct to market. At that point production will be circa 25kt, but until then Roan and Sable will be pretty much doubling up. So M&G to feature in 6-12 months. From the RNS , broker note and interview hints its looking very likely they plan to add a refinery at Roan. If they go down this route, i just wonder how big a facility they would build?

Sumo, lets hope the toll processing charge had a pretty good increase.

Dont forget the free carry on PGM’s Sumo. Maybe not mind blowing now, but all add up and are predicted to rise in value.

You would think so Northern, but Roan has the land. More importantly, i believe has the power and water in place. Also transport from Roan would be neglible. Maybe makes more sense than you would ghink?