Member Info for Mikiesunday

@LJS, great idea. Lets just give them the next update and if we’re still dissapointed after all the promises and claims its time for action.

Dorf, you are completely right in all you say. Change has been promised and has not been delivered. However we are so close to a potential pivotal update, i believe we should give Leon the courtesy of getting this update out in the next 14 days. This will make or brake him. If the update is unsatisfactory, i will propose a venue in London for all long term share holders to meet and form a working party to effect change. Your experience at such a meeting Dorf, will be invaluable and a video link can be established.

We have had Project M for over a year now. Its an open pit mine. Sable has been idle and has had no power issues. We still produced no real copper last quarter. Is it time to get Parker in? Lets see the next update first, Leon promised to deliver, lets see if he has?

Its not boring Jonah, when you look at the bottom line!

Yep Chester, his actual words were” enough to supply the joint venture at fully capacity for 7 tears”. He confirmed the joint venture was capable of three times the production of Inyoni.

Must be getting close to bringing the joint venture into play Chester. With such a stockpile in hand, lets monetise it! No point waiting till PGM’s fully recover, when there is so much to fund on copper development.

Rhodium up again today. Appears to be on a meaningful charge.

Sumo, the margins under $200 would be getting slimmer.

Sumo, Thutse 2 and 3 are changing the percentages quite a bit. From recollection at the AGM, the higher the price, the bigger the margin. Plus this is exaggerated in a rising price market for upto 45 days. As long as prices remain elevated chrome should be doing very well. If they drop back to $200 its not so good.

Seis @ $260, the chrome will be smashing it. Second half chrome figures will be substantial if the price holds or keeps increasing. $300 chrome would be a dream, with the amount being produced.

Interesting to note cobalt is up nearly 3% today. Not sure if there will be a business case whilst DRC are restricting sales, but price needs to rise a fair bit still before that argument.

Https://www.lse.co.uk/news/xtract-resources-buys-usd300000-of-dump-material-in-zambia-k20bx0p74xciifl.html

After recent musings from Leon, dont think it takes a lot to work out where Colin sourced this.

Looty, its very clear why the strategy has changed. Ricus has come in, assessed what is being done and very quickly worked out, we can make much more money with higher grade material, whilst improving life for many Zambians. When there is so much rich fruit to pick from, why keep buying sub standard. Ok its cheaper, but in this case, cheaper is a smaller T/O. Lets get in the fast lane for a while, its certainly overdue!

Morning Edzi, great to read you in good voice. Im sure we will be exchanging drinks at this years AGM.

The share price has been swimming against the tide for some time now. Those sellers have to be close to being out. The tide will return in our favour soon and those forecasted share prices will be attained and surmounted.

Ricus has come to Jubilee fairly recently in the grand scheme of things and completely changed the strategy from low grade to a higher grade material. Which makes perfect sense to me. Once we have exhausted all high grade opportunities we can then fall back on the low grade. Lets not forget the waste rock project is a higher grade material. If we can go this alone and secure a couple more such projects our futures will be assured beyond my wildest hopes.

Edzi, you have critiqued my posts many times over the last couple of years. You have promised to buy me a drink on several occasions. I believe you have even promised to send me a nice bottle of wine. Alas, despite your promises, i can still only rely on your critique!! However your latest critique feels rather feeble compared to previous efforts! Does this mean you feel all is about to change? Can you sense success on the horizon? Is copper about to everything? Is it time to shake the negativeness and get invested?

Im very confident, Sumo, the last tweet was the start of delivery. How many false dawns have we endured, how long have we been waiting for this moment! But it does in fact appear to be on us. The next update could be quite pivotal!

Sumo after 5 years of disappointment, its only natural to wonder if this will ever turn. But i genuinely believe we are at inflection point. When the numbers show, the value will be clear to all. The potential is limitless. Once the numbers come through, volume buyers will arrive. Overhang from our big sellers will disappear rapidly and a re-rate will follow and follow again as productivity increases. The path to untold riches is now there! Its just a matter of how quick Jubilee navigate this path.

Northern, with chrome jumping in price, we could be set for a substantial half year. Tharissa reporting a $38 increase on the week. Coupled with rapidly increasing copper production, we are looking at a very exciting 3rd and fourth quarter. I dont want to jinx anything, but we could just be on our way. I believe we can pull the large waste rock project off on our own, if commodity prices hold. Maybe a little dilution needed, but all ours. That would make every day of the last 5-6 years worth the wait.

Must say for the first time in ages, it feels good. Copper rising in price and production. Chrome rising in price after massive increase in production. Even PGM’s pitching in! Whats going on ?

Its easy to rant, when you are upset and patience has been surely tested. But i sincerely believe they are cracking on now HD. There’s no doubt they’re struggling on the budget front. But thats about to change. Firstly chrome has stabilised and we’re not chasing a falling price. If anything its increasing again, adding extra profits. Secondly and game changing, we’re going into commercial production of copper. Serious numbers of copper, when the price is hardening at the right time. Patience is not needed for much longer, the market will recognise whats happening here soon.

I dont think IRH are ditching Jubilee, i think Jubilee are ditching IRH. I get the feeling they just need the confidence of 4-6 weeks production to go it alone. That high grade material may prove to be more important than anyone is giving credit.

Lootgaloot, hope doesn't produce 2M tonnes of chrome!

You’ve got to love the increased copper operating margins!! What a lovely site that is Northern.