Member Info for Mikiesunday

Work it out yourself! Its not difficult. The second quarter added a margin of £7 per ton to the first quarter averaging £17 margin for the 6 months. Chrome earnings are now substantial. Better than i expected! Without the ramp up of the first quarter and delayed sales, the second half year will be substantial. With copper growing too, the game is now afoot!

In my view Sumo, its very simple now. Every quarter is going to improve earnings. Clearly chrome is going through the roof. Copper production is about to go through the roof. The figures are already demonstrating this. The third quarter chrome is going to be beyond most peoples expectations whilst copper builds. Commodities are in the basement ATM, but that will change and probably soon, with interest rates set to fall around the world. The two bit traders could just be caught out!

Kalan, you are a poor mans Bushey! The performance here is no less than exceptional! They have turned a $10 chrome margin for the quarter into a $17 chrome margin for 6 months! The current quarter is going to look exceptional if they maintain the margin achieved in the second quarter! Add much increased copper production at their best production cost to date and were on our way. And i say we as a shareholder! You say we as an imposter! Every quarter gets bigger and bigger now!

So much info there! As solid an RNS as could have been produced. Needs several reads, but copper costs reducing nicely on minimal increase in production, bodes really well for upcoming big increases. Two new chrome modules is a pleasant surprise, chrome margins becoming very solid. Can only see earnings continuing to rise rapidly quarter on quarter! A very exciting time to be invested. RNS construction is looking much better too, think Neal Reynolds having a positive impact here. Certainly nice to see timely reporting. @ Seis, what a great find! Confirms our suspicions! Wonder if IRH will be involved here? Leon will need more processing capacity for sure.

Leon suggested there were around a dozen project M’s in the vicinity of project M! But what really caught my attention was, 4 project M’s was equivalent to a large mine! The ability to scale up here is going to be off the hook soon! Jubilee will be in great demand and not just in Zambia!

Seis, i am convinced there will be many and relatively quickly. Thats why we are all here for the long term, if the Arabs allow this.

That’s great news Seis. I believe that deal has to be signed before the Jubilee deal is signed. The waste rock project is very much dependant on the processing capacity at Mopani. I believe Leon intimated at potential for 8 modules for the IRH deal, with a possibility of even more! Sentiment is going to change rapidly here soon and Bushey will be forced to change monica’s again! But ultimately will only be left with the mess that is HUM!!

Morning Frogs, Dorf is 100% correct and i happen to believe in Leon & Co 100%. This time they have been extensively testing. They have managed to convince IRH, they have convinced ZCCM and the Zambian government. They have convinced Mark Slater and Co. They have confirmed they are now producing 600 tonnes of copper per month. When they can process the different waste types, they will be producing circa 1,000 tonnes per month. 600 tonnes per month is a success and the success story is only just starting. Now is time for a little patience. Leon’s biggest problems have been his time lines, but he is getting there rapidly now. The patient will be rewarded heavily in my opinion.

Edzi, i do love your posts, they are a combination of passion and disappointment! We have to give Leon a couple more months to deliver. If he does what he says he can do we have no worries. Just a waiting game now.

Just catching up here and haven't read the broker note yet! From what i am reading on here, it just seems to reflect the overall risk off nature of smaller cap stock at present. Broker notes have to be read in conjunction with the background mood music! The allure of copper will show through soon. @ Kalan…… true colours coming out?? The real Kalan is exposing themself!

The confusion with different characters probably depends on the level of alcohol intake!

Frog, i would be amazed if its not Platty!

Kalan, chrome figures could throw a spanner in the works for you? Im hoping we’ll see these earlier than expected as the quarterly update was much earlier than expected. I am expecting the interim figures to start a decoupling of the share price to PGM’s . Clearly the lions share of earnings will be chrome, with not much to choose from copper and PGM’s. Surely the algo’s will change. IRH contract news expected in a couple of weeks could change direction here as well. Roan could even ramp up faster than expected! So plenty could happen before March. One thing is for sure, the immediate future looks very bright with a combination of Roan, Project M, The IRH deal and Sable.

No smoke without fire Seis. Zambian government have done an incredible job, in creating a stable environment. Jubilee clearly operate in an advisory capacity to the Zambian Government, at least the mining ministry. If anyone is deal making you can bet Leon will be at the table!

Kalan, sorry my bad! Does this mean you are invested now?

It would appear, Zambia's reputation is continually building, making them an obvious choice for battery development.

https://www.lusakatimes.com/2024/02/13/canadian-government-hails-zambia-as-attractive-mining-investment-destination/

There is no doubt they have all the resources, a cheap labour force, the only missing ingredient was a stable government. Which now appears under HH, not to be the case. Investment appears to be piling in, from railways to mines. Its going to be a very interesting few years with Jubilee well and truly in the mix.

Moneyman, strangely, i think they have got it the wrong way round!!

Using your figures Kalan 35% is 1400 per tonne. Nearly 50% more!

Im guessing we’ve already had that Seis, without any financial figures though. If that is the case, i would expect the half year financials sooner as well. Maybe later this month.

Absolutely Jonah, i think they are very much concentrating on the rich pickings first. M has test sample grades of 1.5 to 3%! There are so many waste dumps to secure! With limited finances they are correctly prioritising the rich fruit. I would much prefer they secure all the high grade rocks first and then return to the lower grade tailings. Just simple maths.