Member Info for Mikiesunday

Hi, I’m considering an investment here and trying to understand what’s going on. What are going to be the main drivers here and their time span?

Did Leon have aspirations of being 5th largest (?) copper producer? Will need a few more concentrators. Plenty more Copper tailings around.

Would be great NS and open up processing capacity for further dumps! Perhaps we should put it on our Christmas list.

Leon at his confident best- confirmed over 300m tonnes of resource now achieved. RNS soon!

I believe platinum is one of the main metals in hydrogen technology. Possibly creating the scramble for PGM,s now whilst they are almost affordable.

Exactly Sharegar, that’s why this is more valuable than many think.

Expecting news on the next acquisition before year end!

Couldn’t agree more Moneyhawk, except I feel it has a value especially packaged with Twickenham. It’s a big resource! Any one know the value using best guess basket price?

This isn’t about EUA alone, it’s comparing the value of that resource to Tjate. It would appear many here have written off Tjate as having no or little value. I feel that couldn’t be further from the truth and we may see news here at any moment. Jubilee isn’t about mining and a lot of newcomers may not be aware of the resource Jubilee holds the mining rights to and the potential value of this resource. You only have to look at EUA to give a guide on how the markets feels about PGM resources. Come on Jubs - blow our socks off with a deal!

DF- how do you think the values and size of deposit there compare with Tjate?

Tiger, I am using EUA as a comparison for Tjate and do not discount what you say. You make some very valid points, but it is very difficult to discount what is happening there as just a fluke, especially when it has been ongoing for some time and hasn’t unraveled! Going to be an interesting watch and I really do value your feedback. Thank you.

Tiger, I hear what you are saying, but let’s hope we won’t have long to wait and see. If you are correct there will be a big upset at UAE. Here Tjate is simply just a bonus, hopefully a big bonus.

HG, that was actually Tigers valuation, I was inferring a much higher value, referring to the commissioned valuation that EUA paid for. That valuation is quite old now and several factors have increased- PGM basket price and the pace of the green revolution as it looks like we are going to find out Monday in the U.K.! Also Blackrock are buying large chunks of EUA at 42.5p still! They must see some value. The licensed resource at Tjate is 3 times the licensed resource at EUA. Given the current basket price there is some serious value underground, that looks set to keep increasing. With the easy access via Twickenham. Just can’t see it going that cheap. Can anyone put a value of the resource in the ground using best guess basket price?

Following on, if Tjate is roughly valued the same as EUA, that equates to roughly 1bn. I don’t know what company taxes Jubilee will have to pay ( perhaps someone will be able to confirm these) but assuming 30 percent, this leave 700m around 30-35p per share. Does that then make Jubilee 40-45p per share? Invested wisely, multiply by what factor? I’m thinking the current share price is roughly 50 percent discounted based on full current year estimated profits at a very conservative PE ratio. Then what potential value do you add for Tjate? Then what potential value do you add for project Roan? Then what potential value do you add for Kabwe ( zinc, lead , vanadium )? Then what potential value do you add for project elephant? Then what potential value do you add for DCM? I’m now thinking how undervalued is Jubilee? I’m also thinking all of the above could happen in the next 18 months? We also know there are more announcements coming! We know there is more geographical talk! Anyone got any idea how to value the above? I’m thinking of a big number!!!

Tiger, I certainly respect your experience in mining and especially your history of mining in Russia. I have absolutely no history of mining and no knowledge of Russia, but wow- as you say- if Tjate is valued the same as EUA, well this would be a magnificent day for Jubilee, truly magnificent indeed. If Blackrock know something well- who knows what that could mean for Jubilee. Either way this could be a real shock of an epic nature.

Thanks HG, that’s a pretty substantial resource. Around triple the confirmed resource at Eua that’s been licensed and around double the estimated total resource at Eua. Tiger, there is a commissioned valuation at EUA of 56p per share on a very conservative basis, substantially discounted for a missing licence that I believe has subsequently been obtained. That valuation was around 1 year ago. Add the licence and maybe increases val to 80p per share. Since then add 10-20 percent in basket price. Plus add substantial acceleration in the green revolution. Plus add scarcity factor of PGM projects, could cause a bidding war. A lot of people feel a valuation of 3-4bn is achievable there and have a good argument to back it up. Blackrock are adding substantially at their current market cap and if anyone have there ear to the ground it’s them. If only 50 percent of that is achieved what does that mean for Tjate. Certainly makes for an interesting comparison. Could we be in for an almighty shock here! Packaged and ready to go! This could be bigger than anyone has given it credit. Everything seems to be falling into place from the sale of Twickenham to the rising PGM prices. How exciting!

Max, well done sir, that map is an excellent find and really highlights how Tjate is wrapped by Twickenham and Marula. It would appear no expensive link at all maybe necessary, just enlarging the mine as I believe someone said Twickenham is at the right depth. This really confirms the possibility of the packaged statement from Colin that Leon is entertaining. Does anyone know what the combined resource would be? As it would appear all 3 mining areas may need each other equally to become a world class asset. Looking at EUA and the valuations being placed there are huge! PGM’S are the most sought after metals in the world, everybody wants them from Elon Musk to the Chinese! From recent presentations and the infamous “ missing one” are we close to a packaged deal here and what value will the package have, especially being oven ready?

HG- that sounds an extremely good summing up of the last 2 or 3 presentations involving Leon and Colin. Very well illustrated indeed. Let’s hope the buyer has very long arms and very deep pockets.

Cavey, talks on Tjate would appear to be quite advanced and have been developing for some stage. Leon and Colin spoke about Tjate and the discussions going on in some depth in a recent presentation. Strangely this presentation has never been published and it is many viewers thoughts that too much was said on Tjate and Jubilee cannot publish this. I believe someone asked about this presentation on the investor show and was given no answer. From my memory of the presentation Jubilee are deep in talks on Tjate- news could come at any time! With current PGM basket prices Tjate will be highly sort after.

Quite impressive share action here over the last couple of weeks, considering one large holder has sold nearly 3 percent of the company. Just goes to show how much progress Jubilee has made to date. Hopefully he doesn’t flood the market with the rest, rather disposes sensibly over the next year or holds for the real money.