Member Info for Mikiesunday

Corporation tax being cut to 27 percent in South Africa, with further cuts very likely. Budget looking to support and encourage business development.

Metals daily have rhodium at $25,300 per oz!! https://www.metalsdaily.com/live-prices/pgms/ As little as 12 months ago- you would never have believed that with rhodium around $10,000 oz and we thought that was fantasy land!! Hopefully allowing another leg up for platinum!! Rather sad these days my fantasies involve, rhodium, palladium, platinum and copper!! But great for ones bank balance!!

Whilst the profits are steadily building week on week and a possible few days of consolidation, what do we have to look forward to- a lot!!
1) news on Inyoni and PGM expansion- timing couldn’t be better!
2) news on the new chrome plant- adding a shine to our profits!
3) news on Roan- start of something very big!
4) interim accounts- let’s count the profits!
5)Tjate news- expectation is building!
6) Elephant route map and expected numbers- time to blow the bloody doors off as Michael Caine would say!
7)Broker note- how much are they forecasting- yes that much!!
8) surprise quarterly update- so much to talk about!!

Grab your breath while you can - we have one hell of a ride and news flow coming up! The doors are about to be blown right off! Don’t get caught in no mans land!! This is our year!

Me to Shiv- they will have to fight me for mine!!!

Gray- That would definitely super charge the light elephant brigade!!

Hi Gray, think it’s looking very much like a sale from recent evidence, but what I’m thinking is the value is a lot greater than is given credit. Especially the $1500 platinum figure. The value of Rhodium and palladium must have a big impact on substantially reducing this figure.

Think palladium and rhodium prices have changed the costing calculations significantly. Maybe someone with knowledge in this area can compare basket prices now to then?

How much would you be looking for Dore in their position?

Still accumulating HesGo, but would love to be in a position to buy millions at a time now!! Leon and Colin have dropped an awful lot of hints about Tjate recently. No smoke without fire!! There is some phenomenal value in the ground there and they know it. Sounds like they are holding for a top price. No need to give away when the basket price is spiralling and we are forecast to be making hundreds of millions very soon!! I love this company- you look in one direction and something very exciting pops out of the woodwork in another direction. Well spotted chaps!

Hesg- it’s Jubes fever!!

That’s great news Dorf. The way metal prices are rising and seem set to continue rising, this sector is on fire. Valuations are changing daily and normal PE rates will be drastically increased at least until the new increased profits from rising metal prices show in accounts. Very exciting time to be in the sector. Even more exciting to be in Jubes. Couldn’t wait for the weekend to finish- never suffered that before!!!!

Shiv- I am definitely with you on this. With the lack of an RNS telling us the joint venture with Northam is ceasing or going to cease, you can only assume there is no change. Plus the latest video from Leon https://jubileemetalsgroup.com/presentations-videos/ telling us that we can look forward to expanded PGM growth in the very near future! ( straight from the cash cows mouth one could say!). I would find it very strange that Leon would be predicting growth ( only a couple of weeks ago)in the near term when in fact the opposite was planned. He seemed genuinely excited about the growth plans in South Africa. We have hard facts pointing to production of over 3,000 ounces per month from Inyoni and 2,800 per month from the JV. Perhaps indicating a base figure of around 78,000 oz per annum without the planned Inyoni increase. Without an RNS to say otherwise I am going to assume parity, of course this can change and is likely to change at some point- but Leon states we can look forward to an increase in our South African PGM business in the near term. Upon reviewing recent communications the downside to this means there could be disruption to Inyoni between Feb and April whilst the expansion takes place, which may cause a small rethink to our figures for the current year. The upside in my mind is increased production going forward from April until told otherwise. Couple this with the massive rise in basket price could be like a fire in a firework factory!

Jam- this may well be the case, but if it was imminent surely an RNS would be appropriate?

MH indeed- life is getting very spicy in the metals basket. Will cause a re rate of the whole industry leaving value plays very well sort after!

Mogli- I presume you are assuming no increase on the annualised rate of production from July to December last year.

Morning Mogli, plus of course we have the cost of production to take into account. I was simply expressing the end value. I was just staggered at the current values! If these values continue rising exponentially, the effect to us is going to be off the hook!

Assuming we will be producing 78000 oz PGMs per year going forward ( which I feel is quite pessimistic given expansions). Taking a 10 percent Rhodium ratio = 7,800 oz @ $23, 250 https://www.metalsdaily.com/live-prices/pgms/ means we will be producing $181,000,000 worth of rhodium a year at that given ratio!!!!. It is unbelievable rhodium has over doubled since September!! With no signs of stopping!! Statistically we have over 9 years of rising prices to go ! https://www.bankofcanada.ca/wp-content/uploads/2016/11/boc-review-autumn16-buyuksahin.pdf The supercycle may just be starting to dawn on the wider investment market which could promote much higher than normal PE ratios! In simple terms - metal prices keep rising and we could see £1 late this year! Investors will be scrambling for value metal plays!! https://www.bankofcanada.ca/wp-content/uploads/2016/11/boc-review-autumn16-buyuksahin.pdf

Great post Jonah ( from the heart), don’t forget to send me a signed copy!

Loving the positivity on here today! Absolutely great ! Well done to the extreme long term holders here who kept the faith and are now deep in the money or will be shortly and hopefully those still underwater will be breathing fresh air very soon. It’s not going to be long before this hits an all time high! Especially the way metal prices are soaring. Statistically metal super cycles last 10-35 years with the upswing often lasting more than 10 years. We are just at the beginning of this super cycle! There is a revolution going on- a green revolution of the magnitude never dreamt of pre covid and it’s gathering pace rapidly. There isn’t enough metal to go around. Metal prices are going to go crazy! Our profits in turn are going to go crazy. This is going to continue escalating for many years as the green revolution drives the metal super cycle higher and higher! We haven’t even started yet and we are already upping estimates from 3 to 4 months ago substantially. Leave this share early at your peril. Be prepared to look back in envy, reflecting on what could have been or hold for incredible gains in 2 or 3 years. Family changing gains! Not just life changing!

That’s cheered up my week, Ever!!