Member Info for Mikiesunday

I can hear the elephants Gray!! Trumpets are playing!!

Hi HesGo, love you too! love this share! The back story is very simple . Been invested here now approaching 5 years, slowly increasing my holding over that period as I got to understand the company. My faith grew and I become an avid reader of this Chanel and the other one. The other Chanel was much busier and had some very supportive posters over there ( in addition to the ones here ). I used to love reading their posts, really got my interest going in this share. All of a sudden ( towards the end of the year) the atmosphere changed on the other channel and some of those posters completely changed their attitude and I felt their was a lack of love for this share. Feeling so passionate about this share ( never fall in love with a company- but I have!!) I felt I should post representing my thoughts bringing some love to a company that thoroughly deserves it!

I feel exactly the same CF. I’m thinking 5 years here could see a life changing position , not just for the wife and I, but the children as well. I’ve been playing with investments for a very long time! But never have I felt so assured in a companies future and prospects! Wise people keep saying spread your investments, but my instincts , gut feeling and research, keep telling me to continue building your position here-it’s a no brainier. I keep looking for the faults , but I can’t find any! ( other than the obvious political risk, which I feel is now quite limited and one I am more than prepared to take). I cannot find a company with similar prospects, with so much going on under the bonnet , that is hardly reflected in the share price. Like you CF, I have come to the conclusion it’s all happening here in the next 2 or 3 years and we will be handsomely rewarded- maybe a 10 bagger! However i feel there have been some strong hints of what’s of what’s brewing and it’s clear there is a team on the ground in Australia. Obviously doing the DD on another project and giving advice as to what we can do. Ensuring as Leon and Colin said recently it has to be in our interests ( gone are the days of a project at any costs!!). I’m feeling there is growth here beyond our wildest dreams given a few years and what’s more it’s going to be a wild and exciting ride. Nothing would give me greater pleasure than to set the kids up, god willing I’m still here in 5 years.

It’s just that sort of progressive company Sumo! I’ll take a £1 first - hopefully some point next year!

Deffo MDD- JLP is growing so fast, but I don’t think we’ve seen anything yet. Leon has managed this on a few IOU’s and a dairy lee triangle. Imagine what’s going to come on board over the next few years with an almost unlimited budget!! We’ll all be saying in 2 years- I’m waiting for £5! Not going any where till then!! Amazing - as will probably happen!!!

Hi MDM- when the interims are published late next month, those figures will be put into perspective! ( as good as they are).This will give new investors an easy insight to the growth here and undervalued share price. The interims will highlight how much Jubes is growing and will represent an easy yard stick as to how undervalued this company is! But the truly magnificent factor of Jubes growth means the second half of the year is going to dwarf the interims!! What’s more that pattern is going to repeat for the foreseeable future! What a couple of years ahead and I’m pretty sure, more and more projects will be added keeping the foreseeable future always growing as time elapses! The kangaroos will be most welcome to play with the elephants and cash cows!

Totally agree Shiv, a total of approaching 40,000 tonnes including elephant 2 was inferred to by RNS-OMG- do the figures then. I am looking forward to next quarter when we get the Elephant numbers. They could light the touch paper if they come shortly after the interims! Going to be a great year. A defining year. Depending on those elephant numbers, all bets could be off and bring in the bigger abacus!! May have a better idea of the expanded PGM numbers by then!! Oh my it’s going to be one hell of a year!

Hesgo- in my view, it’s simple maths. If the company makes enough profit the market cap will follow. There may be a lag, but the market cap will follow. The lag will reduce dependent on perceived risk. The profit forecasts are enormous and seem to be growing exponentially every week with rising metal prices, so I have no doubt £1 is on its way. Who knows one or two more projects, continual escalation of metal prices and this time next year we might just be thinking £1 is a little conservative looking forward!

Totally agree Oliver- put a pound in front of that!

Jonah- what a nice thought a dividend is, whilst not wishing to seem a tad picky- I would rather see the share price begin with a £1 first! However I feel the fete of both may well be intertwined and both may manifest at some point next year. In the meantime, we still have an extremely undervalued company on our hands. In terms of extreme -I mean ironing on tip toes on the summit of Mount Everest. Jubes still has a below average PE of 14 based on accounts ending June 2020. However the market is going to slowly realise through key events ( first one March - interims) this price is really trading at a PE of 3 or 4 times to current year. Value buyers- this is your dream.

HD- you are mirroring my thoughts. I feel the initial time line was designed very much with finances in mind. Leon did not want another equity raise. So a carefully planned and funded time line was developed to avoid too much debt and completely avoid an equity raising. Metal prices may just be accelerating the plan. The bank of Jubes will be receiving money at a rate faster than ever expected, with no signs of slowing, in fact accelerating all the time. It’s an old saying - money makes money and boy Jubes is now making money! With money coming in faster than expected, is the by product faster than expected development of elephant? Or does this allow new additional projects to be developed simultaneously?

Ever, I’m thinking the next real catalyst will be the end of March interims that should propel us to 20p plus for end of year at June. Then the6 monthly report in July will start propelling us toward 50p plus for end of year. But if metals keep rising the way they are all bets could be off and a substantial re think upwards!!

Our metals are flying! https://www.fxstreet.com/analysis/major-optimism-for-platinum-silver-and-copper-202102150214

Looking forward to watching this story unfold with you Sumo! It’s going to be a great journey! Me too- I’m expecting a higher than industry average PE due to our story- forecasts look staggering then! Just about fit on the special abacus!!

Absolutely CF! Sumo- PE ratio is just under 14 at present according to this site. My thoughts on share price will see it north of 20p from a combination of half year accounts ( March) and operational report early July. Then all bets are off - around 50p plus (end of year) from a combination of full year accounts in Nov( new investors will easily see a stupendously low PE rate and pile in- no brainier) and 6 monthly operational report end of Jan, setting the scene for massive further growth! Much the same as the combination of end of year accounts did last November and the surprise quarterly operational report except it will be on a larger scale! In my view the charge of the light elephant brigade is coming!! Lots of spit and polish going on bugle!! Then we have the stampede of the heavy elephant brigade and if that doesn’t get us over £1, we’ve still got elephant 2 in reserve!!! All this whilst our cash cows are multiplying in South Africa!!

Retirement sounds good to me sumo! It’s only the industry average PE, nothing out of the question. You could say our PE is very high at the moment when compared to the latest accounts. It’s only ridiculously low when you compare it to the expected profits for this year yet to be announced!

Sumo, optimistic or realistic? Think 25,000 tonnes of copper after costs @ $4,300 = $ 107, 500, 000. Taking a slightly more pessimistic ratio for cobalt of 8-1 rather than the indicated 6-1 and production costs at roughly 50 percent more than copper gives 3125 tonnes @ $ 40,000 = $125,000,000. Taking a very pessimistic PGM tally of 78,000 ( likely to be much more with the expansion plans) would equate on an annual basis to 1.39 the last operational report. So 30M x2= £60M ( annualised ) x 1.39 = £83,400,000 plus 30 percent for increase in basket price = £108,500,000. Convert the copper and cobalt earnings to pounds 232,500,000 divide by 1.37 ( exchange rate) = £169,708. Add the PGM earnings £108,500,000 = £278,000,000. Allowing for tax and central costs gives £190,000,000. Apply Standard mining PE of 15 and divide by current market cap 275M gives a factor of 10.36. So 10.36 x 12.90 equates to £1.33 per share. There is still elephant 2 to consider! Oh and any new projects! Mustn’t forget Kabwe!! I’m here for at least 3 or 4 years- hardly any of this value is backed in yet. Just my optimistic ( or realistic ) thoughts!

Dorf, I completely agree, I expect slow momentum to around 20p (July) when the next 6 monthly operational report appears and then boom circa 50p at end of year. May take another 2 years to get to£1. Based on Elephant influencing results. I would be over the moon with this, however there are many factors that could Expedite this such as new projects , new territories and Tjate. For sure the news flow will be extremely busy this year with so much happening- expansions and new plants. I have to keep telling myself- don’t wish your life away it will come soon enough!

That is great to hear Dorf. I know you like me, feel £1 is coming here. I would be very interested in your time frames?

JLPP- you can feel the tension building here, there is excitement in the air, an expectation Jubes is about to take the next leg up. It’s like being 8 years old on Christmas Eve. All here know it’s coming - it’s just a matter of how quick? I like you am heavily overweight with Jubes and completely comfortable with this. I have no plans of going anywhere until this is £1+. I am more comfortable now than ever. What I really like - I don’t think I’ve got long to wait. The further under the bonnet I go, the better the engine looks. Jubes is being finely tuned by an incredible team of technicians. She is starting to purr as we saw in the 6 monthly’s, with many more gears to go through! This is just the start of the race and Jubes is looking a finely tuned racing cash machine with a heavy foot ready to hit the accelerator. Jubes is ready to run the race of its life and it’s all for our benefit! It’s not just the physical shape and fundamentals of Jubes that make me so comfortable. It is clear special things things are starting to happen in the wider macro! We are entering a metal super cycle, that is adding so much muscle to our engine. There is a clear shift in environmental issues being super charged by the new American administration. The world has never been more committed to this change which is going to drive our metal prices crazy over the coming years, with no end in sight of this re set to world order. This change is here for years and what we have is getting scarcer and scarcer! Every dollar increase in metal prices goes straight to our bottom line and our bottom line is swelling by the day. With so much news to come in the near term and so much growth coming with expansions, new plants and new metals, there’s no way I’m letting go of this super muscle charged racing cash machine until it hits the chequered £1 finish line!