Member Info for Mikiesunday

Dorf, RBC are strong all over the world, could be anywhere, but that is a very interesting thought and hadnt even crossed my mind. However, i feel there are two main reasons. Firstly Jubilee is on the verge of huge growth and RBC is now a better fit for their potential. But mainly, i feel there will be a big funding need, within 12 months. The growth we are all getting excited about now and is not to be under estimated, i feel will fall into insignificance compared to the potential. The only way the potential can be harnessed quickly is via funding. Once there is a strong blue print in place, the potential to scale will be in sight. RBC have the potential to facilitate this and will have connections to make this possible. The IRH deal is fabulous for starters, but why settle for 42% when you can have 100%! Especially when proven on commercial scale.

Indeed Gray, in 18 months time, the monthly production here is going to be very interesting. My base case is 50kt PA, but reality, i think will be much higher. I dont think module production will be an issue, when there is bundles of cash to pay for it.

Gray, the market will re price as the quarterly production increases. You are right in that the first couple of quarters may not be that great, butvwe should see a steady increase. Once the market is satisfied this works, it will become forward looking. Investors will be looking for copper value and will see good value in Jubilee with a rapidly increasing profile. Once in production this will re- rate at the slightest hint of increased production. The market is already becoming copper crazy!

Morning all. We are pretty much guaranteed production of 50k tonnes per year in that timescale, between Roan Sable and the IRH deal. This is pretty spectacular in itself and will lead to many multiples of the current share price! Even allowing for only 42% of the IRH deal. However is it likely to stop there? I dont think so! With so many small scale licences targeted, there is very likely to be additional production there. The IRH deal is likely to have at least another 4 modules established. Plus any additional projects. So my base case in 50kt in 18 months, but the reality is likely to be much more. Pick a share price based on your chosen PE, but its going to be many multiples of ghe current price.

Goldman Sachs say $12K copper end of this year and $15k next year!

https://www.forexlive.com/news/why-goldman-sachs-boosted-its-copper-forecast-to-12000-from-10000ton-20240506/

Seis, i think Leon & Co, have stated they are sourcing more and more manufacturing in South Africa, so i would think its very likely there will be several manufacturers going forward. Lockdown was a big lesson here.

@ Seis, Gray & Hoke, with the almost immediate return achieved from a module. Once production has started, the ability to multiply, will ramp up significantly. The chrome business is now completely self funding and its not going to be long before copper is self funding. With far greater profits in copper and what appears to be a very supportive market, wheres the ceiling here over the next few years?

Edzi, i guess i am part of your Milieu!

Edzi, im fine and i hope you are too. My point is my percentage of the company is now set. So if they reduce the number of shares to get the EPS up, it makes no difference to me.

Edzi, EPS will be individually different, but combined they will be the same. In example at 14p you would have double the amount of EPS, but half as many. At 7p you would have half the earnings per share, but twice as many. Combined both would be the same and the percentage would be the same. So if Jubilee half the number of shares by way of consolidation any dividend i receive would be the same combined total.

Should be leave the market cap the same.

Edzi, I disagree. the amount of shares does not matter, its the market cap. If we have 3B shares at 7p or 1.5B shares at 14p its the same thing. Share consolidation wont change anything. A buyback is a different matter, this will reduce the shares in issue and the market cap.

Seis, Gray, Frog, i think the original plan was to send material from the waste rock project and M to Roan and Sable late this year when they come on line. With Artisanal and opportunistic feed being used to fill in while they were waiting for M and the IRH deal. I am guessing the small mine plan has evolved so much, they have realised this is an industry in itself and will fill Roan and Sable many times over for many years. Plus the small mines have the potential to be developed into bigger mines like M. I now think all material from IRH deal will go direct to market or be refined at Mopani. Jubilee will soon need more refining capacity and i believe the earnings will soon be there to support it.

HD, i dont think we will get financials now until the end of the trading year. I think the quarterly’s were just production figures, which was a tad disappointing, especially with chrome looking so good. Hopefully we hear shortly from the Roast boys shortly. I think they will bring matters up to date in Zambia.

HD, initially, in interview i think LC said the first module could be ready by June. I think this was rapidly changed to the end of the year. That was clearly too ambitous.

Chaps, remember the payment was to secure capacity, not start building. The manufacturer would very likely, otherwise take on other work, when we are ready to push the button. I believe each module is designed to suit the feed going through it. The initial stage was the test and design stage.

Thank you Frog, if you believe, you believe! Personally i feel 15-20p is too early, but look what happened previously. However this time i feel circumstances and time are on our side. Bar world war.

Frog, time scales, i guess are very individual. I have set myself a time scale of 3-5 years before i may start withdrawing, but i plan on leaving the majority. As i feel there could be a very tasty dividend. I do not foresee the company stop growing. There is too much ambition and too much opportunity, although i review this regularly. At present as you continually mock me, along with some others, i am very positive and will not change my view or belief.

Thank you Northern. There’s way too much doom and gloom around. We all live for a little hope and Jubilee certainly give me some hope. You do your research and no matter how much research you do, there are no guarantee’s. Ultimately we are in Leon’s hands and i firmly believe he is a winner. I am backing Leon to build a major here from very little. Sometimes it’s just written and my gut is telling me, this is one of those fairytales.

Edzi, i went to the last AGM and will be going to the next. You say you are not going to be rude, but you are very rude. False stop. In all your insults you still havent answered my question. You say the share price can get to 50!60p. So at that point they stop growing?