Member Info for Mikiesunday

Dorf, Frog and other supportive parties, perhaps a consolidated show of hands at the AGM May influence Leon to return to quarterly reports. When he realises the strength of feeling here, he may just act on it. We could not ask for better management and for this reason I feel they may well respond.

It is very simple Dorf, if there were two identical companies in every way, except one reported every 3 months and one every 6 months, it is obvious to me which one you would invest in. It is only the traders who like the vacuums of information so they can keep pulling the share price down by selling to reinvest. Unfortunately this influences the less informed investors into selling as well. It is a nasty practice, but unfortunately embedded in the aim! A very risky practice here now, as there has been great progress behind the scenes. Lots of info to come about Inyoni expansion and new numbers! New chrome plants and their effect! New Eastern limb feed and it’s effect! Copper production this term from the ROM agreement! Cobalt production? Roan up and running! Elephant on track for next Nov or ahead of schedule! Kabwe expansion? Tjate deal? Cyprus news? Expansion into Eastern Limb! Share price is way off its high, with lots of news to come, it’s going to explode soon, plenty of triggers waiting to be pulled and could come any time now! The wise and informed are now loading up ( Slater) they know what’s coming!

Guess Kabwe will be at full production with 10k tonne Roan and the third party ROM.

Absolutely Dorf, if this is the eye of the storm, doom and gloom, we’re making shedloads! If this is as bad as it gets for PGMs, we’re in a very good space. I’m intrigued as to the chrome numbers as well. Now we’re all commissioned and chrome has been steadily rising, can we expect a worthwhile contribution here. It will also be interesting to see how much copper we’ve produced this half with the new ROM agreement, which I think started in August if anyone can remember, may have been July?

Just musing and thinking about PGM’S as it’s all been so copper focussed recently and understandably so. We know Jubes is targeting 55koz per year from the new efficient Inyoni. We know the expansion was due to be completed last quarter and has almost doubled the throughput as per 6 monthly. We know Leon was very pleased with the ramp up of Inyoni prior to Christmas and new works when Inyoni achieved over 3k oz in the month of December! With double throughput can we expect 6k oz per month from the new Inyoni after rump up? Circa 70k oz per year and not 55k. Any thoughts anyone? That would mean nearly one third more production. Is this much like the copper 25k tonne target that is in reality over 40k tonne. I guess we will know very shortly as hopefully all expansion and upgrade was finished last quarter.

Should say people who bought in the 70’s and 80’s.

I believe Jubilee have one of the lowest production costs in the industry ( perhaps someone with more knowledge could comment). If so, this could leave us last man standing, imagine the cost per tonne then! If you have assets, inflation can be beneficial! People in the 70’s and 80’s are retiring on their houses right now!

BC, that’s $11M moe on 10k tonnes. On 31k tonnes that’s $34M more. Wow!! Add in 11k tonne expansion to Sable and that’s another $12M!

Copper back on it again this morning! If ever there was great timing, it has to be the start of copper production imminently. Great management are a very rare commodity indeed! Some could argue lucky! But great and lucky, we are blessed!

Hi Shorn, I think that is very relevant. The commodity sector is naturally prone to takeovers, mergers and buy outs. Couple this with the biggest squeeze on certain metals, like has never been seen before ( environmental revolution). Only just manifesting, with changes in attitude starting to win through the world wide, there just won’t be enough metals to go around! What is now being thought of as a scramble for metals, will become full on war, with the mega rich big boys winning out. It’s just a matter of time before Jubes has an approach that cannot be resisted! For me it’s a race, can Jubes get to a pound before this happens or are we all going to be rewarded much earlier. Jubes with all its knowledge, expertise and assets is rapidly going to be a cherry the big boys won’t be able to resist picking! What value is the greenest of all metal going to have?

Hi Prickly, it was good to meet you. I think your timing is perfect. Meaningful copper and cobalt production about to start and escalate dramatically over the next 18 months. So much other news to come, Inyoni expansion and we’re all hopeful of many more projects. Great time to be here.

Cawb- I think Jubes is more likely to strip out the assets they want at this stage, perhaps in tandem with Colins other company. Either way sounds like a great move. There is lots of ambition at Jubes, perhaps Mergers or takeovers will speed up the growth process. With the growth Jubes is about to undertake, takeovers become more plausible, but equally Jubes becomes more interesting to the big boys. As metals become scarcer, the M&A action is likely to hot up. The more the big boys look for resource underground, they may switch to above ground! A very exciting time to be a Jubilee shareholder I feel. I am moving my shares from the bottom drawer to the basement vault!!

Hi Tony, I was so focused on trying to get information, I completely forgot Cyprus. Kicked myself on the way home!

S Nav, I sure did 3 or 4 times, but the response was not positive. Will take continued efforts I feel. On the subject of Tjate he did reaffirm discussions were in their early stages with the Chinese regarding a packaged deal with Twickenham. He also confirmed there had been approaches to Jubilee, but were not appropriate buyers. He thought the majors would be very interested in Jubes beyond a billion market cap. Not sure I’d like Jubilee taken out before a £1!

Gotreal, I get the feeling CB & LC make a great double act!

He is a great guy. I can see why he has a good following, very investible, very charming, knows exactly what he is doing.

Sharky- I’m more confident than ever in Jubilee. One Industry professional there referred to Leon as a machine making the difference between Jubes and others. An incredibly safe pair of hands to invest in. Got talking to a mining specialist who understood Zambia very well. He knew a lot about cobalt. Likely we will not produce the finished product, sale price maybe 70% of value for concentrate, that was an outsider to Jubes, so just his opinion. He knew the dumps very well. TD52 is approximately 7.5 MT being the highest grade, but overall elephant has good grades of cobalt and copper. His opinion was very high of Jubilee and that Jubilee will be very successful. Colin filled me with enough confidence that my hugely overweighted position is extremely well placed, although he did make a very good case for xtract and would be well worth a look. Colin is as sharp as a razor and sees a billion pound plus company. He answered all my concerns which aren’t many to be fair, more than adequately. Dilakong slowly being trucked to Inyoni. I got the feeling they are focused very much on the Eastern Limb. Copper and Cobalt is the buzz word and is coming together well. Very very happy to be here, all going well. We will be rewarded I feel.

Sharky- I went to the meeting, the video was constrained entirely to Xtract. Most of the people there were Xtraxt shareholders and the presentation was very good. Some brilliant networking afterwards! Did my best to promote Jubes in my own little way! Managed to get 30 mins with CB. What a switched on cookie he is.

Perfectly timed Sharky.

Hi Sharky, according to the placing RNS, Roan begins commissioning Next month with full production expected at the end of next quarter. Copper production is now almost upon us. With the elephants scheduled to come into play Nov next year. All looking good to me.