Member Info for Mikiesunday

Just in the interest of a level playing field! https://help.leonardo-energy.org/hc/en-us/articles/205394842-Why-use-copper-rather-than-aluminium-as-the-conductor-in-power-cables-?mobile_site=true

Evening Jonah- a few sideshows soon make a whole carnival! I see the possibilities for Jubes as almost endless. Large and small, maybe I’m just being greedy , but they all add up, although I am waiting with fingers crossed for some massive news to come out of Zambia. Whilst we are waiting the copper price seems to have fought off all the attempts to subdue it!! What great timing. Just need sentiment to change in the car sector and we could be buzzing again to a more realistic PE multiple. Looking good for the end of year though.

Looking like warp speed in Zambia. https://m.miningweekly.com/article/president-hichilema-raises-fresh-hope-for-zambias-mining-industry-2021-09-10/rep_id:3861

Without a doubt HG, I’m eagerly awaiting on Zambia, something big brewing for sure. Think we will hear sooner rather than later. Equally the Eastern limb could land any time soon. Zambian connections are hot at the moment! Still fancy a deal shortly at Cyprus, even if it is only to keep Colin happy!

Dorf, I feel Cyprus is very important here too. If a deal goes ahead as looks very likely, I would imagine lots of companies/opportunities will be throwing themselves at Jubilee for a similar outcome. Jubilee is being positioned incredibly well in the market place. I get the feeling they are starting to design a sign post stating please form an orderly queue here!! Once the copper earnings start flowing I can see some seriously fast growth following. In the meantime I am eagerly awaiting more copper deals in Zambia.

I just read the 24th August RNS again and several factors really struck me, but two in particular. The first was a statement by Leon- “I look forward to working with the Mopani team as we deliver this Project and continue to further explore opportunities for collaboration“ Just how big can this get? There is clearly lots of negotiating going on behind the scenes. HH is already factoring in substantial copper dollar revenue! How much is Leon targeting? The second statement that hit me was confirmation of the plan to increase the capabilities of Kabwe to 25,000 tonnes, so in total we would be capable of 42,000 tonnes per year! Pretty impressive for starters Leon, but I’m pretty sure I recall Leon stating an ambition to be a top 10 producer! Can anyone confirm this? That would mean around 200k tonnes per year!! The earnings would be off the scale and what’s more I back Leon to achieve this quick smart!

That’s great Cawb, the potential to join the 250 is maybe not that far away. Would be a major positive for share price. Lots of trackers would be forced to buy It and lots more funds would be eligible to buy under their own terms and conditions. I think it would be a great move, wether Leon does is another matter?

Hi Shorn, I believe it’s based on market cap and ofcourse willingness on behalf of the company. But I believe if your market cap is bigger than the company in the 350th position and you apply you get promoted. You can apply at certain times. I believe there are several companies in the AIM that qualify but do not wish to apply. Perhaps someone with more knowledge could add or correct this? HD - I feel the spring is tightening! This could jump at any point, just needs the right trigger as there has been so much good news and reading between the lines looks like there could be lots more brewing!

Gentleman, we are very lucky as we have two red hot tips in the race, copper and PGMs! But it would be very interesting to know people’s thoughts on the length of the race? We know there are around 400 million tonnes of copper tailings. 300 secured last year and around 100 this year from previous estimates on the board. I believe the only grades we have been told is 0.3 on 115 M tonnes. Assuming ( guessing) a 0.3% grade across the board and a production rate of 31,000 tonnes a year would take nearly 40 years if we could extract all copper material. I’m also guessing we can extract nearly all copper due to Leon’s famous breakthrough statement. My thoughts here lead me to think with such longevity a much higher PE rate is warranted or upscaling production effectively increasing profits. The sheer size of this operation is huge and my mind is doing overtime at the thought of how many more tailings could be coming our way in Zambia?

That’s great news in my book Homey, in just 15 or 16 months we’ll be on line to produce 25-30 k tonnes per year.

Yes based on that you have a very good argument. Hopefully some of the costs may be front loaded, but may be wishful thinking. I guess the costs are rising with the profits. Be interesting to see full year. Thank you for this.

Dorf is probably the best person to comment on what the net profit is likely to be?

Yes that’s correct Mogli, but I think from an old broker document the effect of tax this year would be minimal because of incentives etc £60m is a pure guess allowing £10M deductions. We should know the actual figure in November I believe.

Frog- assuming we make a net profit of around £60M - a PE rate of 10 wouldn’t be far short of double the current share price based on year just gone!

Additionally, I believe, that once Jubes is proven beyond any doubt a much higher PE rate of 15-20 will apply, perhaps in conjunction with promotion to the 350. Just a matter of time!

Old D, I feel similarities with the share price when we were stuck at 3-5p for some time before the rise. There seemed to be good news after good news, but no real share price reaction, just like now. But then all of a sudden something just tips the balance and whoosh the share price exploded! I feel history is repeating itself here, while the good news piles up, the spring is gaining tension all the time, until it cannot absorb any more good news and whoosh- the share price will go again! It’s all just a question of letting the good news roll and wait for that magic moment! It’s coming!

https://www.lusakatimes.com/2021/09/03/334363/ It really does seem it’s copper first in Zambia now! What a great position Jubilee are in. Hoping for something incredibly special now!

I agree too, this trend has been happening for a month or so now, but I do agree with you Shorn. I feel PGM prices will start to rise towards the end of this year and early next as car manufacturers get going again. PGM prices have been hit very hard by the motor industry, but hopefully this should be reversed soon as manufacturing picks up. The Americans agreeing their infrastructure bill will help sentiment immensely and i expect the events at New York in the last day or so will help this along. The slowdown in China May see lots of infrastructure projects and very cheap finance introduced, helping sentiment even further, so I’m hopeful of a rally in commodities, especially PGMS in the near term, which would be very accommodating for the Jubilee share price. Couple this with more copper news and we could see the re-rate most were expecting in July/August!

I feel Leon’s low profile in recent weeks tells us there is lot more to develop on the copper story in Zambia! Leon is never this quiet after a game changing RNS! I feel you may have hit the nail right on the head HG! The Vedanta press coverage would suggest, negotiations are well underway between them and ZCCM and as you intimated Jubes may well have been instrumental here! The spoils would be incredible! Just when you think it may be going quiet!

https://www.telegraphindia.com/business/vedanta-resources-keen-to-open-dialogue-with-zambias-zccm/cid/1829012 Interesting to note Vedanta are very keen to introduce good ESG practices- the scene may be could be set for Jubes!