Member Info for Mikiesunday

If they can off load the remaining non core assets HD, cash could be in abundance, especially if they can move Tjate. They could really consolidate the small scale mining sector, through a combination of partnerships and buyouts. I believe the opportunity is bigger in this sector than most give credit for.

Emotionally, its been a very difficult ride for long term holders over the last 3 or 4 years. Lurching from one disaster to another. Leon clearly has the best intentions and a vision of copper glory. A copper story as compelling as a cold beer on a hot summers day. But it just didnt happen. Something was missing. Through all Leons gusto, vim and vigour, the ship just wasnt sailing! The ship was getting bigger and more cumbersome by the day. A dead weight in the land of plenty. What was missing? The answer appears to be simple! JMK was missing. He has bought focus and control. A purpose and direction to Jubilee, that is becoming more and more evident by the day, week and month. All the ingredients were there, we just needed that little bit of magic, that Leon was missing. A partnership seems to be developing. A partnership of magnitude that could deliver that copper boom we all crave. A partnership forged out of the jaws of disaster. Once again i can believe in Jubilee. I feel the verge we so nearly fell off, is about to become the valley of plenty. Well done JMK, you have given us cause to believe again.

Its been a while since anyone got carried away here Seis!!! Jubilee would have control and thats key. They would be guaranteed the processing rights, which they would get 100% from.

HD, i thought 42 square miles of potential copper was inspirational on its own!! They are talking some depth at M as well. Imagine the new 42 sq miles is of similar consistency. No wonder they are planning further drilling and results may not be for some time. I just hope they secure a few more mines before they let the results out.

Drilling results may just be the biggest driver of the share price here. Coupled with increasing production via the three pillars, it wont take the market too long to put two and two together! Huge resource and proven ability to process. Smells like dollars to me, many, many dollars. SA will be a distant memory and Zambia will be the future for many years. Its the many years that will give us a high PE factor. Longevity is key to a high valuation and the indications are looking good. I feel the opportunity is now bigger than the 2p covid days, that saw a high of 20p. Secure enough copper rich land and this has the makings of something special. Dont forget the LWP as well!

With JMK firmly established, i do believe we have a winning partnership. Chalk and cheese if you like, but i feel there could be magic there! JMK bringing out the best in Leon, whilst eliminating the worst. $90M to spend, plus potential credit, should see a lot of new copper dirt. This could be like SA on steroids!

Nice to see you happy again Happy.

Northern, thats a great find. Thats equivalent to 42 square miles extra. The scale up could be off the scale!

Flipper, timing is awful, but it seems like the chrome owners have a gun at Leons head. The longer he holds out, the lower the value. Deal now whilst we have some cards! Execution is now going to be down to industry professionals, which gives me much more comfort. Clearly the bean counter has taken control here. Nothing like an accountant to create value.

The market will soon the value and opportunity here.

Initially, i was dead against the sale. Couldnt understand why? Felt betrayed by the board. But its slowly dawning on me, we have no choice! Clearly this is being led by the purchaser and was unsolicited as quoted in the circular. Luckily we had a 5 year contract, forcing them to make a somewhere near decent offer. Run that contract down and the offer would look very different. So, i believe its time to cash in, too many other people control our destiny in SA.

Its time to move on and make Zambia our own. Land ownership is key. Resource is key. Leon and the board understand this. I am slowly learning.$90M could do some serious damage over the next 3 years. Clearly the board are in no mood to miss out on this opportunity. Perhaps a once in a lifetime opportunity. Secure the feed now for pennies, prove its value, size and convertibility and values here could go through the roof. So much to play for in these early stages, i am all in on the sale now and want the board to capitalise on this opportunity in full. Execution is going to be so important and i believe they are doing the right thing by bringing in trusted experts and professionals to execute. The company has changed so much with JMK on board, i once again feel we are going to smash it.

4ever, Leon stated at the AGM, the JV with Northam would be bought into play if the basket price crossed $1500. Well that marker has been smashed and no news! This JV was 60/40 in our favour too! Leon confirmed it has the capacity to triple the production of Inyoni. There is a massive stockpile! Leon said at full capacity the JV would take 7 years to get through the stock pile. Why has this not been activated?

Hey Hesgo,

Still here, tend to check in every lunchtime to keep up to date. Been a lot of reading of late! Trying to keep quiet until the circular comes out. Havent got anything positive to say on current disclosures, so feel its best to keep quiet. Although i do note Leon cant even give something away in a timely manner! My feelings are pretty strong ATM regarding Leon, but i am going to give him the courtesy of the circular to see if any rabbits appear, change of direction, otherwise i await the EGM with bated breath!

Very true Bass Cadet. Leon should be activating the 60/40 JV with Northam. If only for a couple of months. Leon said this was 3times the size of Inyoni, so capable of circa 10koz per month. That wouldnt go begging right now.

I think its very simple chaps. The new FD, has had a look at whats working, whats not working and put a plan in motion to get us to 25-30k tonnes of copper with minimum dilution as quick as possible. Left to his own devices Leon will still be changing strategies in 5 years time. Bringing in a mining partner makes perfect sense, especially if we buy another 6-8 mines and collaborate around G. The new FD is bringing a focus we need. We’re even selling non core assets to get there. I believe if the Roan front end is shown to be efficient in the next few weeks we’re away, sale or no sale. As much as i dont like the sale price, if the market gets confidence in the front end, everyone will forget SA. It will be yesterdays news. Every new mine will be invaluable.

Morning Gray. I understand Leons theory here and the potential advantage. I just feel the advantage isnt enough at$ 90M, when PGM’s are starting to bounce? Maybe if it was $90M upfront? But this is based on what i can see. The circular may draw reference to new resources that are too tempting to miss. Maybe another large waste rock pile on the cards? Who knows till we see the circular?

Dorf, at present, i have to echo your sentiment. Leon has proved to be an incredible deal maker. $6.75 for a mere fraction of our waste rock pile. $12.5M for some non core assets. I cannot understand the $90M for SA? I look to the circular, for an understanding otherwise i will be voting no. SA is now becoming heavily profitable. As usual we are in the dark! I hope we get the relevant detail.

Has any one seen any LC interviews this week? Usually he’s all over that? Can only assume there’s imminent news? Otherwise he would have been tucking into a roast dinner!

Shuvlin, thats a great post. We’re all disappointed but the new FD is turning this into a business for shareholders. There is a clear change in attitude. Circa $20m coming in over the next few months from the sale of non core assets. Thats a bean counter looking at what we’ve got and how best to use it against future needs. I wouldnt be surprised to see more sales as lots of capex is required. 2 modules at M, probaly two at G, plus the leaching systems. I can see more sales, this new FD is a clever man. He is going about matters the right way. Expectations have clearly been dropped compared to Leons fantasy world and very much expect outperformance of these expectations. We only have to look at the chrome targets. Im very interested to see the actual performance of Roan over the next 3-6 months. JMK is our trump card, he is transforming this into a business for shareholders and no longer Leons hobby. Leon has his skills and if JMK can harness these, we may just have a partnership that makes us all millionaire's!!!!!!

Completely shocked there is no RNS this morning. Who on earth is running this company?

Kalan,

China is now paying a $93 premium per ton of copper. There could be significant upward pressure on the copper price. Who knows where the copper price could go in a period of sustained world growth. Very interesting read, positioned against the Jubilee backdrop of increasing copper production.

https://discoveryalert.com.au/news/yangshan-premium-2025-copper-demand-surge/#:~:text=Recent%20Surge%20in%20China's%20Copper,attention%20of%20metal%20traders%20globally.

Still 2 months to go Kalan, but they should be pretty accurate. Just hope they dont under estimate too much and spoil the developing momentum, in the hope of over achieving, come results. We’re too close to the finish line for that!

Morning Sumo, definitely a massive change in sentiment here, which is all part of the momentum process. Volume appears to be increasing, again part of the momentum process. Last few RNS’s have been bullish, so i would say momentum is swinging. Share price is above the bottom hit recently. I would say momentum is swinging in our favour. Need this to continue!

Kalan,

I’m pretty hopeful of a good copper update, otherwise i think they would have tried to bury it in the South Africa update. They must have felt confident to leave it as a stand alone update. Which could prove to be a masterstroke by JMK , keeping momentum going by producing 2 updates instead of one.