Member Info for Mikiesunday

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.

Gotreal, i cant understand why anyone would want to be in gold now, with markets anticipating a pivot. Money will move en mass to perceived higher risk assets. There probably was a good argument 2-3 years ago. But now we’re rapidly approaching the end of this cycle, why would someone want to buy gold? I think there has been a few jokes flying around, copper is the new gold, but hey maybe much more serious than people think? Also interesting Rhodium has been nibbling up, when most other metals have been going in the other direction this week. Is Rhodium about to make a move?

Jonah, i believe financial change is on the Horizon. Chrome earnings are going to increase and PGM’s can only increase. Closures, care and maintenance have found a bottom. Add copper earnings with Sable at full tilt and Roan performing, the opportunity to expand its closer than most believe. We’re on the way.

Jonah, it will be good to know a little more detail on the sulphide circuit expansion. How much bigger is this going to make the circuit? Leon has confirmed local and opportunistic feed stock is only filling the gap, until Project M and the new partnership overwhelm capacity at Sable. I don't think it will be long after this Leon, will want to secure another copper refinery. But, i think he has to get Sable at full tilt first. Amazingly, this could happen as early as the third quarter this year! With Roan and Sable at full tilt, Leon &Co will have the fire power finally needed to really start to move matters forward. They have the binding MOU at Mopani, which will have to be used, because of the considerable volume from the partnership, especially when they move from 4 modules to 6 or 8. However, I believe Leon has his eyes well and truly set on Chambishi. Jubilee will need another refinery fairly soon after the partnership is up and running. In previous presentations Leon has clearly stated his desire for another refinery and the road map is starting to unfold. Enter the tailings!

Bushey, you missed your vocation in life! You should have been a bingo caller!!

BB2, i hope it works out for you here and the other decent holders.

Hi Chester, i think they have had to put the breaks on the 600,000 project, purely down to funds. So much expansion and development going on with copper. Plus the planned doubling in size of Thutse. Something had to slow down. Once Roan is in full tilt, i wouldnt be surprised if they announce the project. Plus as Northern states there is very likely to be a distressed refinery up for grabs, completing the chrome and PGM picture. Wouldnt be surprised if they already sighted their target. The second quarter chrome and PGM figures will be very interesting. Thutse should be in full flow. With so much attention on copper, this could be a lovely bonus.

@ Happy Days, totally, cant see this recovering. @ Frog, i had the same thoughts, but cant see the odds being as good 50/50! With what looks like the macro pivot underway, people are going to flea from gold into risk assets. Cant see the price holding.

Slaters fund is a purely managed fund. Cash is allocated only if a compelling investment case is attained. Otherwise it would rebalance much more regularly!

Jonah, it is going to be very interesting to see how much copper was produced in the last quarter. If its similar to the first quarter, then there doesnt have to be significant increases in quarters 3 and 4 to meet guidance. I was assuming they will be processing as much of project M and any other opportune deals to fill the void, before the SPV gets underway as early as June. At which point all capacity will be will be used between M and the SPV with excess going to be refined at Mopani. After that, expansion will be required.

Https://www.lse.co.uk/news/JLP/in-the-know-jubilee-metals-set-to-cash-in-on-zambian-copper-venture-tyd5mcb64hndphv.html

Price cut by Berenberg, but extremely good rhetoric. Whilst waiting for copper news, i am very eager to see the new chrome numbers for the last quarter. Hopefully the full impact of the new plant will now be felt and upgraded PGM numbers to boot. These are very interesting times while the market is clearly bottoming.

Indeed HD, although Sable is still producing, an update on Roan is now required. I believe Leon said they have switched to a SA manufacturer to avoid future issues of this nature. Im not sure if they have re ordered the missing component in SA, but an update must be due. It will be very interesting to see how much copper they have produced last quarter? We know project M has been going direct to Sable. But my gut feeling says the share price will rerate as soon Roan and its new module are seen to be working. Lots of future growth can start to be factored in, let alone profits.

Seis, at those prices ( which doesnt seem pie in the sky) just 14k tonnes through Sable alone is a complete game changer! Forget all the concentrate through Roan and the joint partnership with IRC. Dont even mention SA chrome and PGMs, just Sable would be a billion pound company on its own! As the world electrifies, sentiment will send copper through the roof.

Vic, it is a huge concern now. I just hope the likes of Slater and Fidelity will not settle for 30-35p. The potential upside here is enormous and im just worried our partners from Abu Dhabi wont want to share for much longer.

As 2023 slowly peters out, the arrival of 2024 could just produce a performance from Jubilee, that sees a rebound in the share price beyond our comprehension. The picture has become very clear since Oct/ Nov time and my belief in Jubilee is stronger than ever. Not only is the Jubilee game plan on the cusp of greatness, it would appear the wider macro is coming good in tandem. Almost like the stars are aligning. If you believe in such mumbo jumbo! With interest rates set to fall worldwide, stimulating growth around the world, what better time for Jubilee to provide their own brand of green copper to what is becoming an increasingly copper hungry world. Who knows how high demand is going to push the copper price? But its looking very certain Jubilee and her loyal band of followers are going to benefit. Wishing everyone here and at Jubilee a very happy New Year. I have no doubt this is the year. The Zambian government and Abu Dhabi believes. This will be no miracle, just the realisation of years of hard work and achievement!

Thank you Seis and everyone else for all your valuable work throughout year. Wishing everyone a very merry Christmas and i do hope Bushey and Butters are not on the naughty list!