Member Info for Mikiesunday

Seis, thats great analysis and puts a very important spin on the final quarter, last financial year. Really proves the copper is working and we have a big future. The real dissapointment was the 5 minute RNS from the company that really wasted another opportunity in my opinion. At least it was timely, but the management must learn to promote the company from within. Chrome is really quite exciting, with a target of 2m tonnes. Does anyone know where that would rank us in the chrome producers?

Shuvlin, both bulletin boards have become infested with parasites. They are just a plague of individuals with no moral standing, who would undoubtably rob their own grandmothers for a quick fix! I just hope people dont listen to them, see through them because the prospects here are substantial, basically a free copper play that is going to mature in 12-24 months. The smart money, the likes of Fidelity are weighing in big time, yet this board is dominated by some absolutely unhinged crackpots with tunnel vision. Still i am sure the bigger picture will be unveiled very shortly, hopefully only days away, in the meantime Roan is being over doubled in size ready to supply the big picture.

Seis, my understanding was copper was more profitable given the current cobalt price, so copper is given priority. If The price of cobalt rises, then potentially cobalt is given priority as the more profitable. If cobalt costs are circa $18k per tonne, they would still make money presumably in the lack of copper coming through. I presume at some stage they will be able to produce both simultaneously at Sable. Any idea when this could happen?

I think Sharky highlighted the possible rabbit in the hat recently, that cobalt could be produced at Sable, whilst Roan is disrupted and possibly out of action for the current quarter, whilst expansion takes place. The following, lifted directly from the company website, may support this theory and certainly seems to make sense. "As a part of Jubilee’s Southern Refining operations, the Sable Refinery achieved production of export grade cobalt product from waste in November 2022 with targeted production of 1200 tonnes of contained cobalt metal annual capacity, which equates to 5280 tonnes of final product. Cobalt production holds the potential to significantly contribute to overall earnings and positions Sable as one of the few cobalt refineries in Zambia able to process and refine cobalt containing materials at commercial scale. The implementation of the Company’s refined cobalt strategy, following a joint review by the Zambian authorities and the Jubilee project team, will result in the potential to accelerate the roll-out of the Northern copper and cobalt strategy. The Sable Refinery will initially maximise cobalt production in the short-term to facilitate the targeted expansion of the Roan copper operations, targeting output of 450 tonnes per month of cobalt hydroxide (125 tonnes of contained cobalt) from recycled waste. The Company is currently considering to upscale the production of cobalt through potential acquisition of refining infrastructures to expand its cobalt footprint. The additional cobalt revenue offers Jubilee further opportunities to secure metal backed funding in support of the implementation of the Northern Refining Strategy." Certainly seems a plan to target cobalt whilst Roan is out of action. Also highlights the relationship with the Zambian government and their goal of battery production. August could be a very interesting month indeed. Further highlights the finance theory for the Northern project. The current 6 months could be the most important in the history of Jubilee, not that the last 3 months were too shabby with the new chrome deal!!

To new investors who look under the bonnet, Jubilee at this price must look like a pregnant prized cow, ready to give birth to multiple cash streams. With total assets of £294M at June 22, it will be very interesting to see the total asset value at June 23. With metal prices on the floor, China in the duldrums, the western world percieved to be very late in the rising interest rate cycle. Is now the perfect time to be investing? Will there ever be a better risk to return potential in Jubilee than there is now. Foundations have well and truly been established. Chrome and PGM projects have been and are being replicated, with a substantial increase in chrome earnings happening now. Copper earnings going to double this year, with massive expansion being planned currently for the year after. The model appears to be in place, build and replicate. Just how big can this all become? How fast can expansion now happen the ball is well and truly rolling. Setting aside all the expansion happening in Jubilee, what about the wider macro. Metals are way off their highs, economies are deep into their brakes on mode, at some point this will pivot and metals will be back in vogue! China is now certainly in stimulus mode. With news of the game changing Northern project due in August, is the risk to reward in Jubilee ever been better?

The transformational RNS is coming in August! Overall, that was perhaps as expected, so steady as she blows, with much greater earnings from chrome and copper coming this year, plus new plant in South Africa and Zambia to come. I just wish they would do something about the internal promotion of the company. That RNS wasnt even Janet & John standard. They must have spent at least 5 minutes formulating that! Hopefully they are too busy building the future!

Hi Dorf, crikey, it was a while ago, but wasnt it when we bought our partner out of the southern project and took a larger share in the northern project. Think we took 100% of the south and increased to something like 87.5% of the north. Might have been 90%, but this is working purely from memory, so could be way out. Seemed a great deal at the time and if copper prices go anywhere near predicted, will prove to be a real game changer.

Some people just keep looking back and not forward. You know what happens to people who only look back, they walk into a bush, tail first. Fortunately Jubes are very forward looking and had the sense to diversify big time. Its not just about PGM's anymore its about copper, its about cobalt, its about chrome and of course PGM's! But what gets me really excited is the ability scale rapidly and i think your right Dorf, the new joint venture has not been understood by the market at all. It just shows the ability scale and scale very fast. But not only scale very fast, target the hot sectors, ie chrome and you can only target the hot sectors if you can move fast. Jubes are in a very enviable position, they are obviously able to replicate rapidly and even with metal prices dropping the earnings will be mounting. Project Roan and Sable will have a big impact on the now new current year. The new joint venture will have a big impact on earnings. Inyoni will only improve, all the existing chrome plants are at full tilt, even the joint venture at Windsor is playing a part. The earnings are starting to add up significantly, with so much more to come this year! Look forwards not back, our beast is growing.

Wow, just catching up. Fidelity become top shareholder by adding 67M shares. In my view, the significance of this is huge. Not only is it a massive confidence boost and underline the prospects of Jubes. Or demonstrate how much potential there is within Jubes, at least according to one of the worlds leading fund house. This really signals very little chance of an equity raise. Institutions do not like having to buy on the open market for fear of artificially raising their own purchase price. The preferred method is always through an equity raise and i would very much have thought they would have consulted Jubes on this and been refused. They will have a direct route of communication with the board and would be in regular contact, especially with the FD. Very, very positive in my view.

Thats a really good point Dorf and i keep wondering if there are more of these joint ventures about to pop up out of no where. Are there going to be a series of RNS's popping up, to inform us they are about to commission a refurbished plant in a joint venture?

Morning HD43, i havent seen any evidence linking us to Konkola, but i certainly wouldnt rule it out. leon is a considerable deal maker and he certainly is very comfortable with ZCCM. Going to be fascinating watching this play out over the next month or so, especially in regard to Mopani. Would be interesting to get Seis and Dorf's opinions on this.

I just joined you Well Oiled and i suggest others do. Meanwhile, back at the ranch, looks like good progress being made... https://www.lusakatimes.com/2023/07/06/chamber-of-mines-welcomes-progress-on-kcm-mopani-copper-mines/ Big news soon.

JLP, that is a great post. The canesten kids can say all they want for as long as they want, but ultimately the fundamentals will do all the talking. You are right, they are just helping us to accumulate more at lower prices. A tad irritating if you want out now, but in the long term, we could be thanking them. A bit like the covid opportunity when the price dropped to 2p. I think this is a very similar period and once past, the re-rate will be fast and furious. The last RNS was such a boost for me and reminded me why i was here. This is not all about one project! Its repeat, repeat and repeat. The opportunity to scale up is dramatic and thats why all us long term holders are here. This is no flash in the pan, the foundations are set and the building blocks are going on. The two bit traders and shorters smell weakness in commodities and are trying to compound this best they can with a smear campaign of lies and unfounded alligations. But the foundations are getting bigger and the building blocks are rising. We are clearly in operation repeat, repeat and repeat. We saw what commodity prices did to a much smaller version of Jubilee ( 21p per share ). Can you imagine what the share price is going to look like when commodity prices harden agian!

Copper is going to make so much difference soon! https://www.nasdaq.com/articles/metals-copper-hits-seven-week-peak-as-lme-stocks-plunge

Sumo, in addition to this, we should highlight chrome production in its own right and not as a credit. With the new chrome plant and contract on the western limb, recently constructed. Plus the intended chrome plant on the Eastern Limb, to be built shortly, Jubes will have substantial chrome eanings and another considerable diversifier from PGM's. The market hasnt appreciated the diversity yet, in Jubilee ( highlighted so well by Seis in his graphs ), i think the coming financial year will see a divergence from PGM's for the first time. In the meantime we have the current year ending this month and hopefully have the first meaningful quarter of copper production to look forward to. Chrome could surprise too. Im positive about PGM production as well with Windsor in action too. Cant be far away from Northern Project news too. The share price is so oversold, with the current infrastructure completed and plans of so much more to come.

Yes your right Seis, was getting carried away. I am presuming they will use Windsor for any excess material in the short term?

Orion, the last RNS, confirmed all was as previous guidance for copper. That would suggest copper is now fully flowing.

Morning Seis, great knockout blow. Just read the last RNS again and whilst previously i was fixated on the short term with 200k tonnes of chrome and 10K PGM oz's. I couldn't help, but be drawn more to the, rising to 360K tonnes of chrome in 12 months and targeting expansion of facility to 720K tonnes of chrome in 12 months. So if were expecting earnings of circa $12M from 200 tonnes of chrome. At 720 tonnes of chrome this will be over 3 times that amount generating earnings of around $40M from chrome alone. Presumaby 32K PGM oz, when applying the same factor. This suggests a far greater return than currently achieved at Inyoni. I recall a Sunday Roast interview with some of the JLP technicians when they went to South Africa and they were suggesting much higher returns from Inyoni were possible. Cant remember the figures they were talking, but were much higher. Something about deeper feed stock. Whats your thoughts?

Looks like Colin is getting excited about commodities as well now. https://twitter.com/ColinBirdMining/status/1669088980455899141?s=20

Some serious value in copper and chrome plant has been added, which is definitely not reflected in the share price yet. As earnings come through over the next 3/6/9 and 12 months, this will re rate considerably. As metal prices gain traction this will re rate considerably. As the Eastern limb unfolds this will re rate considerably, as the Northern project unfolds this will rearte considerably! Lots to get excited about!

Yes indeed Happy Days, the earnings going forward are going to be very Happy days indeed!! Can you imagine when commodity prices return?????