Member Info for Mikiesunday

It’s going to be very close CF, can you imagine nearly 50,000 tonnes a year! What is that going to do to Cobalt production at over $50,000 per tonne???????? Would love some guidance on Cobalt production as this could be off the scale entirely. Any reasonable grades will blow the doors off well and truly!! Beyond reasonable comprehension!! This arrangement isn’t going to bust the bank either. Well chaps at Jubilee. Cyprus next please!! Wouldn’t surprise me if there is not further copper expansion plans in Zambia either!! Imagine that??

For sure Sumo. I am very hopeful another facility is being secured along with more dumps. Colin has almost told us there is another facility on the way, couple that with more dumps and we could be producing 50KT a year for over 20 years. We’ve had big hints from Colin and Leon. Leon has dangled the carrot, the change in government is most positive, the supply forecasts need more copper than ever. The scene is set!

We all know metals are going to be in very short supply soon! Just about every analyst from every corner of the globe has stated this. Couple this with Jubilees’s fundamentals and you’ve got a massive winner. This share has been traded way too far down and will come back with revenge soon! There must be hundreds of people with their fingers twitching over the buy button. Is it time ? Have we driven this as low as we can? The buying action will start very soon! Don’t miss out!

We appear to have found ourselves in the imperfect storm! The fundamentals here are extremely sound and support an EBITDA of way over 2.5 times for the current year estimate! 10 times is the average PE rate based on EBITDA for the mining sector. There is a strong argument Jubes should be higher than average with lack of underground activity, speed and testing of project. All the major risks of mining removed!! What could be better. Like all buildings built on quality foundations, Jubes will be here when the storm passes, continuing to print cash! This must now be receiving the attention of lots of institutions at this price action.

JLP diversification is great and most important, but if the article is correct regarding the chip shortage we are at the worst now, with the recovery set to take hold. Got to be good for sentiment.

https://www.proactiveinvestors.co.uk/companies/news/958012/global-car-sales-set-to-begin-recovering-in-q4-says-ubs-958012.html Some good news in the car sector at last, should help sentiment and feed into prices.

They might start buying again now.

Just reviewing the latest broker note from WHI regarding copper and note their forecast of 13,000 tonnes for the current year. Given their fairly accurate production forecasting to date, this may be a good figure to use for current year predictions. Whilst they have under egged values their production forecasts have been fair. We know Leon has stated production costs of $4,000 per tonne. Even if you increase this to $5,000 that leaves $4,000 per tonne @13,000 gives you $52M . If copper prices increase later this year as forecast this could be very interesting. Cobalt news will be very interesting too. Add this to PGM and Chrome production and cash generation will be significant this year. With mounting cash generation, what growth and new development can be expected over the next couple of years? In my view, with this much potential the markets have hung this share unnecessarily. This has to be temporary and a major over reaction with cash being generated for fun. The reality of the fundamentals, quality and speed of growth have to shine through very soon! A major re- rate has to follow the cash generation. Let’s have some surprise quarterly figures Leon and an updated broker report please WHI.

Charles, would it be fair to say, the cost saving at Windsor needs to be added in to your projection so £6M divided by 50 multiplied by 57 would add to your projection as no longer being deducted. Resulting in increased return of £6.84M?

https://electrek.co/2021/08/18/electric-cars-need-cobalt-and-copper-and-zambias-president-elect-wants-to-supply-it/ Seems to me JLP, the news coming out of Zambia politically is very positive. Maybe as good as we could have hoped for. Let’s hope we get news on the copper front soon as we know a great foundation is being established, just how far can they take the copper production? We’ve had hints galore, but it’s time for news Leon, along with a proper update on all the enhancements at Inyoni and the new chrome plant.

https://www.kitco.com/news/2021-08-18/Copper-market-and-producers-still-look-good-even-as-prices-fall-15-from-record-highs-Third-Avenue-Management.html

https://www.google.co.uk/amp/s/www.livemint.com/industry/energy/india-on-track-to-achieve-450-gw-renewable-energy-target-by-2030-power-minister/amp-11628917933241.html

Where is all the copper going to come from? https://www.google.co.uk/amp/s/wap.business-standard.com/article-amp/current-affairs/climate-change-us-applauds-india-for-stepping-up-green-energy-commitment-121042300102_1.html

https://www.google.co.uk/amp/s/leaderpost.com/pmn/business-pmn/china-approves-renewable-mega-project-focused-on-green-hydrogen/wcm/1e263eaf-0f36-4d80-8cb5-9dcaff2491cc/amp/

For sure Sumo- we need to get this message out. Our risk level is much lower than many perceive.

Sumo, don’t write off PGM’S just yet as they are integral to hydrogen technology, especially platinum. Oil has had its day, but there is definitely a future for hydrogen and electricity. But yes you are right about copper. I’m hoping we will duplicate the Kabwe facility, secure more tailings and target 50,000 tonnes per year. We have had very strong hints to this. The future here is so bright and the options so plentiful, it’s just all there for the taking. Now the cash generation is starting to motor I feel developments are going to come fast and furious and definitely Yas a PR department is most necessary or entrust the FD with this.

Gra-could come in very handy though, when harvesting your rewards!!

Sumo- there will be a lot of free cash in 2023.

Arry- in my view expansion is shareholder value, especially when it is organic. Management have gone out of their way on many occasions to confirm there will be no equity raising. Expansion results in increased profits as we are continually witnessing. Even the pessimistic forecasts are stunning. What we have witnessed is a considerable rise in the share price which has attracted some of the bottom feeders knowing it will be easy to scare people out who perhaps do not fully understand the share and just follow trends! People that understand profits will be here for a long time as money always talks!

Using EBITDA and the WHI broker note ( which we all know is extremely cautious) the PE rate for the current year forecast is around 3. Fast forward to next year and it is just over 2. The reality is probably way under 3 and probably close to 1. This share is priced as junk but again the reality is the opposite, with huge growth pencilled in, a system adaptable to all metals in all geographic conditions. A company that is not only a market leader but fast creating and establishing the market! If this was in the tech sector and Jubilee was making this much profit at such an early development stage a PE of 30-40 would be in order! This is madness a complete bargain- time to fill your boots!