Member Info for Mikiesunday

Some very interesting posts- 95M tonnes is certainly a very substantial addition indeed. But I would imagine Leon very much has his sights set on those 780M tonnes! What a prize that would be! Production would have to up scale dramatically. Relations between ZCCM Vedanta may be on getting on track. Very interesting relevant read. https://www.lusakatimes.com/2021/09/02/vedanta-reaches-out-to-hhs-government-promises-300-million-for-local-suppliers-and-community-projects/ The prospect of 780M tonnes is just of a transformational scale. You can see why HH may have been ranting and raving about all the copper dollars and exchange currency about to come their way! Thanks for the info and keep it coming.

Morning Dorf, on the latest copper RNS 24th August, towards the end.

“Jubilee has secured additional copper and cobalt tailings at Mufulira which is currently being sampled to confirm the quantity and quality and will form part of the Project Elephant resource” - this sounds very exciting news to me! Does anyone have any indication of the possible size of tailings here? Will this warrant a possible third plant?

And Tjate HD! There’s just too much going on! It’s very Happy Days!

Recent developments have been staggering! In Just 16 months Jubes will be on line to produce 27k tonnes of copper a year. With 30k scheduled very shortly after this! This time next year Rodney!! Very shortly we could be running at full capacity! What does this mean? 14k tonnes at Sable at $5,500 ( after allowing $4,000 costs ) is $77,000! The new plant at 17,000 tonnes at $5,500 is $93,500 x 50% gives $46,750. Assuming a cobalt grade of just 2.5% gives another 17k x 2.5 %= 425x ( $ 50,500-$4,000 cost) which equals $19,762,500 x 50% gives $ 9,881,250. 14k tonnes x 2.5% = 350 x $46,500 gives $16, 275, 000. 55k tonnes at Inyoni without the expense of Windsor offers substantial earnings! 55k at a basket price of $3,100 minus $500 production costs and 10 percent for smelting gives $128,700! I know there are some big assumptions here, like the grade of cobalt and the production cost of cobalt, but I do feel I have been cautious. This all culminates in a grand sum of $278, 606,250! Without chrome or zinc earnings!! Fast forward and the price of copper is estimated $11k, this then gives $ 321,356,250!! This is all starts very shortly!! Just imagine the numbers if sable is upgraded to$25k tonnes and Inyoni 2 is built on the Eastern limb!! Apply a very modest PE rate of 10 and we’re well in 3 figures! Add the upgrade and Inyoni 2 and who knows - all bets are off! Plus any other surprises!! Sell my shares- not for at least 3 years - no way!! Happy bank holiday everyone.

Shorn- hopefully we will have a large share of those dollars!

Green shoots of recovery in the motor industry. https://platinuminvestment.com/files/884932/WPIC_Platinum_Perspectives_August_2021.pdf

https://von.gov.ng/2021/08/28/zambia-to-strike-deal-with-imf-boost-copper-production/

Does anyone know the market cap requirement to qualify?

The website is certainly going to help attract new investors. I feel we are seeing Jubilee’s growth and positioning in the industry now reflected more in the website. Along with Jubilee now promoting itself in a far superior manner. So much information on there, more fitting to a potential mid cap company.

Nice to see ESG being focused on heavily. Much more professional and presenting the company in a much better format. Makes me want to buy more shares! Really like the Bushveld Complex map- clearly marked on the Eastern Limb- potential for new PGM plant!! Don’t think it’s gonna be long before we hear about that. They’ve been dropping hints for a few months, so don’t think it’s going to be far away!!

Surprised- there is so much going on now, hopefully regular updates will drive this north of 30p in short order. The financial performance of Jubes certainly warrants it. But hey - last years numbers will soon be dwarfed year on year! How many companies can virtually guarantee that at the rate of increase Jubilee is chalking up! Much more to come as well - Leon is way too quiet! 2 years ago- would any holding share holders have believed what we now have ? What will we be saying in 2 years time?????????

Leon’s not allowed any holiday until this is a large cap! I would imagine he could buy his own Caribbean island by then lol!!

Craig- I’m feeling that nervous excitement, just how big can this get and how quick can it happen! I think back to 18 months ago and copper wasn’t even on the horizon! Now we’re producing and about to ramp up dramatically! The sheer scale now involved is going through the roof and I’m quietly confident there’s a lot more to come from Zambia! Let the good times roll!

Whilst the back drop in Zambia is looking very very good. https://m.dw.com/en/high-hopes-for-zambias-new-president-hh/a-58968000 I feel there is more news to come! No interview from Leon is very unusual, especially on such a momentous deal! Two or three interviews usually turn up pretty fast. Maybe more to come?

JLP- I make you spot on. We’ve been told there are over a billion tonnes of copper tailings in Zambia and it now looks like we’ve secured around half a billion! Assuming we extend Kabwe we will be able to produce around 45,000 tonnes per year! Amazing in its own right! Well done Jubes. But I’m guessing Leon thinks he’s only half way there and not living on a prayer, to misquote a famous song! He will want it all - imagine doubling our present potential! I have full faith in Leon achieving this quick smart. He’s on fire! Keep up the good work Leon, you are becoming the people’s champion, especially in Zambia.

Sumo- assuming a net profit of £60M for the year just finished and a modest PE rate of 10 gives you a market cap of £600M. This takes into account no growth at all, none of the improved profitability of the Inyoni enhancements, none of the improved feed from the Eastern Limb, none of the expected Zinc earnings, none of the expected copper and cobalt earnings, none of the Cypriot potential, no value for Tjate. This has to the bargain of the century. Assuming a net profit of £60M and a PE rate of 10 is not far short of double the current share price on its own just based on last years performance!

Sharky- it is really quite remarkable considering they have achieved this on nothing more than crumbs. Huge losses, rolling into bigger losses. Now, just what can they achieve over the next 5 years?????? With ever increasing cash generation, now becoming quite substantial, just what does the future hold in addition to the riches we already know are coming our way! My guess is quite a lot of surprises! Not to mention operational earnings in 2 years time probably won’t be far off the current market cap!

Yes CF, my thoughts exactly, he told us it was coming! Many chose to slate him, but it looks like he was spot on!!

Jonah- that could take us up to the half billion tonnes Colin inferred. Looks like the C- bomb was spot on!