Member Info for Mikiesunday

Been here around 5 years now, but I feel like it’s just beginning. Years of disappointment, waiting and hoping erased, like chalk on a chalk board! Gone in a reality check, to reveal a finely tuned beast of a company that is arriving at a pace of knots. During the transition, time felt like forever, but the reality of how much was achieved here is aspiring to say the least. Leon did not start with a box of matches, but two damp sticks and has somehow lit the fire in that time! We are off and running now with massive growth already planned and awaiting us. Now the fire is burning, how much can be achieved in the next 5 years from a position of strength ( revitalised reputation, first mover status, proven ability, IP, cash in the bank, money rolling in, easily scaled process, that can be replicated in months rather than years and transferable to many metals ) could be staggering. I believe something very special is developing here at a time when sustainable investing is becoming more a requirement than a luxury, more essential than a token gesture, Jubes could not be better placed to flourish. So grateful to be here!

Totally agree Sumo, think the big catalyst is going to be the 6 monthly operational report in July. This will signal how many dollars being made after all the new plants have had a chance to run. This quarter the elephant road map could also be a big catalyst. So much growth to come, not to mention the growth just in metal prices this half compared to last. Once the dollars start mounting the share price will respond. What’s most interesting now is what are we going to do with all these profits!! Bring on the deals Leon, the world is your oyster!

Hi Jol, yes very silly of me! At $50,000 per tonne, it’s going to add significantly to the bottom line! Sumo- that bed is going to have to be custom built!!!

Sumo- the market will wake up soon, you cannot hide all that money!!!

It’s hard to believe that Jubes is on the verge of operational earnings of $15M per month. In the blink of an eye Jubes has gone from loss making to substantial profits with so much more to come. They always say the first million is the hardest, Jubes certainly proved that theory with multi millions now arriving at an express pace. My mind is doing overtime at what Jubes could do with $15M per month. Ofcourse there’s taxes and central costs to be deducted, but what can we expect? I’m getting excited just thinking about it. Based on the last 2/3 years I feel we can expect quite a lot in excess of what’s already planned ( elephant , elephant two and Kabwe)! $15M per month sounds a lot but it’s simply 55,000 PGMs at the intimated net profit of $2,500 per Oz by WHI and deducting 20 percent for smelting. This gives an annual figure $110M. ( 2,500 is probably on the lite side given recent metal prices and 20% smelting is probably on the high side!) Roan is going to give around 12,000 tonnes at an operational profit of around $5,500 dollars per tonne ( after deducting costs at $4,000 per tonne as indicated by Leon) which is $66M per year. Add in $5-10M for chrome and you’ve got over $180M per year or $15M per month!! We know we’ve still got the earnings to come from elephant one and two, plus the earnings from Kabwe!! ( this company is going places) but where is it going with those earnings? Massive growth already penned in, what’s really exciting is what can be achieved now? When you think what Jubes has now achieved with no money, what can they achieve from a position of strength? And the really good news for us is hardly any of this built into the share price yet!!

Ofcourse quarterly reporting is far more favourable to 6 monthly reporting and I think it would be a great idea to bring this up at the AGM. However I am not getting upset this time just due to the sheer size of the steak on the plate over the last few weeks/ months. New copper plant, new chrome plant and expansion at Inyoni! That is an incredible pace of change and upgrade to the Jubes model, which all shareholders will benefit from. I am guessing there is a lot of negotiating going on in the background as well! The fundamentals here have not changed just get better and better with metal prices! I always thiught the share price here would be 20p plus at the half year stage, based on financial production with the fireworks coming later in the year- again based on financial production. Jubes is transforming from rags to riches quick smart, we need to give them some space to get all the upgrades and additions over the line! Must be manic there! If your feeling nervous just look at the fundamentals. Look at the growth over the last two years! Look at Leon’s recent interviews and look at the planned growth currently being implemented.

Tiger, I have full faith in Leon to make the right decision with Tjate. I am merely highlighting there is good value here and does not appear to be factored into the share price. This can only be good news for us shareholders as at some point the value will materialise and according to recent webcasts this may be closer than we think!

I completely agree Bobbin, 70M Oz with a street value around £4,000 per Oz ( basket price). You have to turn the phone sideways to do that calculation!! There is huge value here! It may not be the easiest, cheapest mine, but at current prices the end value is there. Looking at analyst forecasts the basket price is only going to rise. It would appear we are entering the electric era, but most are forecasting hydrogen superseding electricity putting even more pressure on PGMs. This is a precious asset in my view, but what’s great- it appears to have absolutely no recognition in the share price. Sell it or mine it? Either way it is going to be a great bonus, that is not factored in. Those that say Jubes can’t afford to mine it are wrong- cash flow will be plentiful in 2/3 years. Just a case of waiting! Those that argue a sale now would be beneficial to development are correct. This is a win win asset, In my view, I just guess it depends on your time horizon, short term favours the sale, long term favours a shovel! I am guessing we will find out soon due to recent hints from Colin and Leon.

VBig -that is very likely, but there is so much more that could launch this share price. Tjate is just one, sell it or mine it would be a game changer! News on Roan is going to be a game changer! News on elephant is going to be game changing! News on the expanded PGM plant could be a game changer! News on the new chrome plant could be a game changer! I am very much expecting news on more copper tailing dumps secured and news on Inyoni being replicated! Plus it’s going to be very interesting to see what the new capacity is at Inyoni post the expansion! It’s been intimated 55,000 oz’s at a net profit circa $2,500 ( which I think is a little light given current prices) which equals $ 137,500. After smelter costs (80%) that leaves $110,000. Leon has intimated production is going to increase! Imagine what the bottom line could be If growth is maintained! Add Roan and wow, add elephant, add elephant 2 and all bets are off! We’re now in dreamland! Replicate Inyoni and announce elephant 3 and we could have revenue equivalent to the GDP of a small country!!!!!!!!!! I have always believed this is going to be the year that defines Jubes and I believe this more than ever. Keep the deals coming Leon and the all important news flow!

I’m not really interested in what happened 5/10/15 years ago- I’m interested in the now and the future. Leon has my full backing for what it’s worth. Since I have been scrutinising him, he has been steadily manoeuvring this company into a market leading highly profitable business , that is just getting out of the starting blocks. He has worked this magic from a position of no where, no money, no credibility, no hope and in my books is starting to over achieve, with I believe the best to come. He is now a proven deal maker with the technical ability to back this up! But most importantly the profits are going through the roof and beyond.

Great riposte Jonah. Jubes is fit strong and preparing for a marathon swim, with lots of nautical miles to be added to the share price. Massive change on the ground and in the shareholding is taking or taken place. This quarter is setting some solid foundations- just need to let them play out. News is coming, if in doubt watch Leon’s latest webcast.

Once those elephants start charging, nothing is stopping this share price! You sense real traction and pent up energy being formulated here, like a can of fizzy pop being repeatedly shaken!! I very much expect a new broker broker note from WHI in the near future with a substantially increased forecast much in line with the near 100 percent increase from their previous broker note at the tail end of last year! That increase just highlights how fast Jubes is moving and accelerating all the time! This is very much the year of Jubes and I am so looking forward to this quarter. We have news of the new chrome plant to look forward to, news of the expansion of Inyoni, news of the new copper plant. If that’s not enough, we’ve been promised news of the elephant road map, which Leon has hinted is going to be much swifter than originally scheduled! Then just as this miraculous quarter draws to a close we have the six monthly operational report in July highlighting just how far Jubes has come! Jubes has put in a real shift in the last quarter and I am so looking forward to hearing all about it, as Leon said in his last webcast we have a lot of news flow to look forward to in this quarter!!!!!

BBiii, thank you for sharing this, it just highlights is your glass half full or half empty and I guess the brokers have no choice but to be half empty on their projections. If I received this note as a school report I would have floated home 10 ft tall! This projection represents nearly a 100% increase from their last note 4 months ago! What happens if they do that again in 4 months? ( July time)- life starts to get very interesting! I think most people’s projections were fairly conservative for the first half of the year, with the firework party coming in the second half of the year! Nothings changed here apart from a 6 week rain delay. The game is definitely on!

Dorfan, following on from your point- you have established we will be creating more material than Inyoni can process! The broker note highlights the South African business is very scalable and there are lots of old chrome dumps just waiting for Jubes to come and do their thing!! The broker note highlights this is just the beginning! We know the South African cash cows are funding Roan. We know Roan will fund the greater herd of elephants! Joining the dots and reading between the lines, We must be on the verge of another Inyoni!! Wouldn’t that be fab!! When you you know Inyoni is capable of 55,000 oz a year at a margin currently circa $2,500 an oz! After smelting you are left with around 80%.! They tell us the South African business is very Scalable! Remember we are just at the beginning! Come on Leon, spill the beans, let us know where this is going!!

I am in complete empathy with the recent posts. Upon reading a very detailed broker note ( containing some great information) it would appear WHI are describing a super yacht of a company capable of gracing the finest marina’s! However when working out their DCF model they have used one fitting for an old bath tub that hardly floats!! However I take great comfort from this, a seriously discounted model using a PE rate of 6 and missing out numerous income streams mentioned by Sharky. Taking all of this into account they still come up with a short term target of 21p referring to the period beginning 1st July 2021! We can further put this into context - their broker note as recent as November just gone suggesting fair value at 12p, shortly followed by a real time share price of circa 17p!! Jubes is growing so fast it must be difficult to keep up! This is all about fundamentals and the fundamentals are great. We now have a very good idea of the capabilities and margins at Inyoni, which at current prices looks amazing! Apply a more reasonable PE rate and we are in a very good space. The broker note suggests it is very plausible to scale this in South Africa. Suggesting there are many tailings dumps potentially awaiting the services of Jubes!! Copper just about to get under way with many years of supply already secured, but again the broker note suggesting proof of concept here may open the door to many more dumps allowing substantial scaling! Kabwe zinc to come soon! The fundamentals are great. This company is seriously undervalued and hopefully the interims will highlight this to potential new investors! In my view Jubes are the favourite in a one horse race ( very little competition as pointed out by WHI)!! Only they can lose the race and with the current management that is very unlikely!

This could be a superb buying opportunity like the dip to 11.3p at the back end of Jan. Feels very similar to then. Just the traders doing what they do. They will all be buying back in soon!

How comes people never turn up at my front door (out of the blue , completely unannounced) , so concerned for my well being - they insist on cutting my grass! I would be happy if they just washed the car!

Sharky- I’m going no where in a hurry, there’s so much value to be had here over the next 2/3 years. Not only do we have the carefully engineered value from an incredibly astute management team. We also have the macro economy giving and giving! Can’t believe Rhodium is $30,000 for an ounce! That’s roughly 16 times more valuable than gold!! The increase since Christmas alone is unbelievable. The weekly bank trip, must involve a lorry! When Roan and Elephant were first planned, income streams at this level were just a dream! It’s going to be very interesting to see what impact this has on scheduling. Leon promised to disclose his Elephant (s) game plan in the second quarter- not long to wait! Lots of other news to break first though! In relation to day traders, I suspect there is a lot more trading here than we give credit to?

This is going Buzz Lightyear Sumo!

Wow- Rhodium hits $30k per oz according to metals daily! https://www.metalsdaily.com/live-prices/pgms/ The bank of Jubes credit rating is rapidly approaching $$$!!