Member Info for Mikiesunday

Jubes position is about to change dramatically over the next 12 months, leaving the tag of a minnow or small cap firmly in its shadow. Whilst there was a good argument for 6 monthly reporting, this is fading rapidly in my view and quarterly reporting is now needed to underpin the status Jubilee is about to attain. Shareholders have been extremely patient and have supported Jubilee through some very dark times. It is now time to support shareholders with quarterly reporting and move Jubilee to a much higher standing which is richly deserved by the management team. Jubilee is a extremely well run, but very complex in its DNA and im sure quarterly reporting would be a welcome confidence boost to those that cannot fully appreciate the sheer magnitude of potential that Jubilee has. The surface hasn’t been scratched yet.

Wishing everyone on here a very happy Christmas and prosperous 2022. 2022,I feel will be a very special year and everyone involved will be handsomely rewarded. A special thank you to all the staff at Jubilee for all their efforts in 2021, let’s make 2022 the year everyone talks about. Happy Christmas everyone.

Sounds like LC is really rolling up his sleeves and means business. There is no half measures in that RNS. The next 6 months have just got incredibly interesting, if they weren’t already interesting with massive copper and cobalt development. This opens up a world of ideas, but HG you might just be on to something there and ties in with a statement from Colin at a recent investor meeting that Jubilee will either be taken over or do the taking over. With the intent in that RNS, it certainly sounds like Jubilee will be doing the taking over! That RNS certainly came as a surprise, but definitely not a shock as LC is going all the way! WHI certainly said there would be some surprises! What’s the next move I ask? Hopefully not long to hear I tell myself! Looks like the biggest gift this Christmas is the current share price!

Mogli, the broker note was very sketchy about cobalt . There is no doubt in my mind, Cobalt production will be the primary concern of the company and will unbolt the door to the Congo. At $70,000 per tonne cobalt would be my primary aim, especially when you have piles and piles of it. The company are clearly holding their cards closely at present. I guess lots of high level negotiating in the background.

Gentleman, I personally believe cobalt production will be higher. Leon made a song and dance recently regarding the control of order of processing in a recent interview when the higher percentage ownerships were secured. He was extremely happy Jubilee could now control what and when dumps were processed, which translates to me the cobalt rich dumps will be processed first. Couple this with the extremely high price of cobalt, would entice the company down this route. I also think any venture into the Congo would be based on fairly substantial production. When WHI say this is only the beginning they know what’s coming!

The world is going to need lots more and the majority is produced in the Congo I believe.

Sorry $503M forget the 80%!

Might well be a risk worth taking. Production of 10,000 tonnes of cobalt per year at £70k ( minus $6k production cost )per tonne x 80% is a staggering $640Million! That’s a game changer for any one and the Congo is full of Cobalt. With Zambia well set along with South Africa, Jubilee is significantly de risked. These are telephone numbers!

Plus No E, we have now discovered under the joint venture at Elland Jubes was giving away 40%. From memory Elland was targeted at 2,800 oz per month. At full production that’s equivalent to giving away 1,120 oz. Going forward with the emphasis on production at Inyoni ( 100% owned) that’s a massive boost to the earnings. Then I ask myself, what is Inyoni actually capable of going forward, when you realise they plan to catch up the loss of the first half in the second half. Ok some of this may come from the flexible arrangement at Elland, but looks great going forward. Our first clue to this will be in the Jan report. Plus at current prices, there is still good profit, with a recovery in the car industry very likely to begin next year, the PGM strategy is looking very well managed indeed. Copper production may be better than expected depending when the ROM processing began. I recall July or August being targeted. There is also reference in the report this may contain cobalt. No facts there, but time to cross fingers as this could make a big difference as well.

Very impressed with the handling of Elland as well. I was led to believe the processing facility was being withdrawn from Jubilee. Quite the contrary- it would appear to be Jubilees choice to reduce production in favour of Inyoni 100% owned as opposed to a 60% profit share. However really appreciate the carefully negotiated use as necessary arrangement. I wondered how we were going to use all the chrome concentrate. Looks like Inyoni is way over max capacity and there will be a nice little bonus from Elland. The scene appears to be set to make way for Inyoni 2.

Incredible detail, Jubes is evolving rapidly along with their comms. Cobalt detail still very sketchy. I am guessing lots of negotiating concerning Cobalt in Zambia and the Congo! Leon still keeping his cards close to his chest and understandably so. I believe more than ever the big breakthrough is in cobalt. Some strong hints on Cobalt. 5kt per year! Going to be fascinating watching the Cobalt story unfold! Will need to read this broker note several times to appreciate the detail, but from first read would appear the plan to extend sable has been shelved in favour of redeveloping the full capacity at Leopard which is double the 17kt per year. Plus talk of a new 15kt unit at Mufulira not forgetting sable at 14kt, creating a capacity in the region of 63-65kt per year. Does anyone else agree with this interpretation? Massive news if correct? WHI certainly starting to promote the company. Got to be a great document to commit new investors. 41p fair value de risked, not taking into account anywhere near the full potential of cobalt. A very enjoyable and exciting read, that has to get the pulses racing for new investors. Certainly reinforcing my plan to add whenever possible.

Only Jubilee have the key to their value! What a USP!!

Charles, if those figures are correct and only 55% is recovered that is a staggering amount of money. No in fact an unbelievable amount of money! Approaching 9 billion dollars given the current price of cobalt and a recovery cost of $6k per tonne. Over a 20 year project life that’s $400 M per year!! And it’s all about to start over the next 12 months.

What an amazing performance over the last accounting period. It’s not until you recap all those positives, do you really appreciate what an extraordinary period this was. The achievements, developments, expansions and purchases were quite incredible. These have really turned the group around and make incredible reading. The PGM business is now extremely profitable, predominately owned by Jubes and sustainable for the long term. In fact so successful Inyoni 2 is now on the cards. I await the 6 month report in Jan eagerly to see exactly what our processing capacity is? Very bullish to note with all the down time Jubes still expect 50k oz, by compensating all the first half down with the expanded production in the second half. What will a full year of production look like going forward? Very exciting. Chrome capacity increasing substantially, excess concentrate to Windsor. My my is their plan coming together. The last 3 months have felt like an age, but my word have Jubes put the hard yards in. Copper and cobalt about to come on stream imminently. So good to read the increased Roan production to fund the ongoing development of the elephants. Unbelievable earnings on their way with Cobalt. The cobalt production is going to be such a game changer, it’s ridiculous beyond believe! Telephone numbers! Nearly as unbelievable as the current share price. If the one off exceptional item was removed from the accounts this is trading at an incredibly low PE ratio. This has to be the sale of the century. I will certainly be adding as regular as I can. I appreciate there are still quite a few warrants out there and there may be a few more extraordinary items turn up on the accounts, but I fully expect to retire in complete luxury in 24 months on the success of the Jubes. A substantial re rate is coming.

Fingers crossed Jonah, would make 2022 extra interesting.

Sumo - there is a cobalt circuit at Sable, so one would hope there is some production soon, with Roan ramping up this month. But the cobalt rich tailings are in the elephants, which LC suggested production would begin next December after securing the new facility. It’s all starting to gain traction now, with Roan coming on line nowish and Third party production all ready under way I believe.

Don’t panic Billy unless your only in this for a few weeks. The outlook for 12-24 months is going to be insane. Cobalt is now around $64k per tonne! https://www.lme.com/en/Metals/EV/LME-Cobalt#Trading+day+summary Cobalt is going to transform Jubilee, hotly followed by copper. It is just a question of sitting tight for 12-24 months and letting Jubes fly high over that period. Just wondering how high Cobalt can go, it’s absolutely ridiculous! I have been disappointed in the lack of news over the last quarter, but the reality of the situation fades into insignificance in comparison to what’s coming our way in 12-24 months!! We all think the share price has done well over the last year or so, we’ll let me tell you- that’s nothing compared to what’s coming!

I fully expect one or two more placings over the next 6-12 months until the copper and cobalt earnings really register. I think it is important to secure as much resource now as possible at today’s prices coupled with the lack of understanding surrounding surface mountains. In 12-24 months Jubilee is going to be on a different standing and it will be very possible to raise cheap bond funding and I suspect their will be enough history for the big banks to get involved. If the value is anything like what we can expect from the elephants and Roan- why wouldn’t you. When the world emerges from Covid who knows where metal prices are going? Some are already on a sky scraper journey! Look at cobalt- now around £61-62 k per tonne and rising weekly. https://www.lme.com/en/Metals/EV/LME-Cobalt#Trading+day+summary Every 1,000 tonnes of Cobalt is going to generate operational earnings in the region of 1,000 x $56,000 ( allowing $6,000 costs per tonne) = $56M x 85% is $47.6M ( allow for unfinished product). Take off 15% for profit share $40.46M. Convert back to sterling, divide by 1,34 = £30.19M . Next question and a little more difficult is how many tonnes can we produce? Assuming 5 on this basis would be £150M operational profits per annum! Then add the copper! Would I accept another placing to secure another project like that, the short answer is yes, get them done while we can. Do I like placings no, but the effects will be game changing and relatively soon. It won’t be long now before placings are a thing of the past, but also in 12-24 months costs could be much higher and probably will be, plus competition could be much stiffer! Secure now don’t wait! My view anyway!!

Honey, my thoughts are quite clear on the 55k oz target. If Jubilee can produce 50k oz in a substantially disrupted year, is it feasible they can beat the target in a free flowing year. You must be very happy with the 55k news as you were trying to convince me only 40k ish oz we’re possible a short while ago. In relation to the elephants Leon clearly stated in a recent presentation that the new copper facility would bring the production time line to the end of next year. Simple as that. I hope I have answered your inquiry in a polite manner becoming of such a pleasant inquirer.

Yes JlP, if I was Leon I would be looking to capture as many deals as possible now, when the competition hots up and people realise the profits being generated here, future bargaining will be much more difficult. Think Leon’s realises that and will want to secure as much as possible as early as possible. Im fine with placings if they add the value we’ve seen so far. They will pay back in many multiples.