Member Info for Mikiesunday

Northern, if the basket price rises to $1,700 it would bring back the prospect of buying another PGM refinery again. May only take 6-12 months of earnings from the joint venture. Could be some real bargains around.

Https://x.com/robert_ivanhoe/status/1878830084397973882?s=48&t=mVgZpn0KGRUg-RQaOGChhg

With this kind of sentiment, any increase in demand could send prices spiralling.

Morning Edzi,

The market is full of surprises, if nothing else. If our big sellers are done, this could move rapidly. There is so much news to come, along with increased earnings. Sentiment changes on the toss of a coin.

Indeed Northern, Leon suggested at the AGM, it would take 7 years to process the stock pile using the joint venture agreement, which is 3 times the size of Inyoni! No doubt the stockpile has increased in size since then, given the sheer amount of chrome now being produced.

Morning Frog,

Miss you too. Hope your recovery is going to plan. Just had a great couple of weeks away. Internet was tricky, but managed to get a couple of small buys in. Nothing to trouble the scorers, but couldn't resist the price.

The chrome news is nothing less than stunning. I fully expect the 2.2M target to fall on a pro-rata basis this quarter. With the extra extra fine chrome recovery and a fully ramped up whole quarter of the new Thutse modules. Look forward to news on the progree with the super fine chrome! The PGM stockpile must be noticable from space now.

Copper is looking set, with the success of the leaching trials, hopefully they give us an idea of cost per ton with this. Hopefully implemented very soon. I do a little rain dance every day and it looks like its working! There's still lots of work to do on the copper front, but its coming together rapidly now and with power we should see a big impact on earnings imminently.

Talk of a death is crazy, when you look at the lost time injury rate. Especially when you look back at the previous event, there is no way this wouldn't have been advised by RNS.

Great update after the December RNS, really looking forward to events over the next 6-8 weeks, so much news to come. Still cant believe i picked up shares at 3.36p! I bought some half price Christmas decorations the other day and that pales into insignificance compared to my Jubilee buy. Lets make this a great year Jubilee.

Happy Christmas and New Year everyone. After 3 fairly troublesome years in a row, i can feel a change of luck on the cards. Everyone on this board certainly deserves it. Have a great festive period and roll on 2025 with lots of much needed good news and copper production.

Edzi,

Dont forget Madonna!

Everything will be ok! I have full faith in Ricus. Since he took a leading roll progress has been structured and 25k tonnes is in bound. But i want better than ok now.! After the last power fiasco several years ago and the damage to the plant, i didnt think we would be in the same position again!

Looking back, Sable has lied dormant for the last 5 years! Imagine where we would be now, if we purchased M & G, 4/5 years ago and produced 5-10kt per year! Feed direct to Sable. We could have 2 or 3 Sable’s on the go now with numerous open pits. Its time for a bean counter to take full control in my view. Its all there, there’s an important role for Leon, there’s so much potential here, this really could be something special! Its time to put growth and profits first. Not dilute and hoard! We are sitting on some serious assets, lets get them into action. Once the copper dollars roll, imagine what could be done.

Morning Frog, welcome back to the outside world. I was bitterly disappointed with yesterdays RNS. Whilst the new waste rock terms were excellent news and definitely open up new possibilities. Either more favourable terms, or even an outside possibility of a solo project. The power issue is just one calamity too far for Leon. I feel we have gone back 2/3 years, its like deja vu. Back up power after the previous episodes was essential. Every time i get excited about Roan, calamity strikes. Hopefully the government will put a swift end to this matter, but i no longer have confidence in anything Leon says. Wild exaggerations and misleading statements are just par the course from him. I feel its time for a safer pair of hands to bring home a multi billion pound company. There is an important place for Leon in the company and i will always be grateful for the foundations he has built, but its time for someone to really make something here.

Https://markets.businessinsider.com/news/stocks/jubilee-metals-group-jlp-initiated-with-a-buy-at-rbc-capital-1034118009#:~:text=RBC%20Capital%20analyst%20Marina%20Calero,shares%20closed%20yesterday%20at%20p4

Yep agree Seis, PI’s see a bargain here. They are buying in a struggling market place- UK smaller co’s. The AIM index is still way down.

Fidelity have their own platform, so i would guess a large chunk of the remaining 94M could be sitting with PI’s on the Fidelity Platform. Maybe the majority. We will have to wait and see. Thankfully the Fidelity play either way is nearing the home straight.

Edzi, with Halifax Share Dealing popping up with 91M shares suggests to me its PI’s picking up the slack.

Congratulations on your grand daughter. There’s always next year! Might be a magnum of champagne by then!

Edzi, I'm still recovering from having to buy my own drink at the AGM!!! Im hoping this is the quarter that defines and propels Jubilee.

I hope your right Dorf. We have seen Jubilee under perform year after year now in respect of copper. A very serious amount of money has been raised and invested. Its make or break time for Leon. If he doesn't start to deliver this quarter i cannot see him surviving. If he does start to deliver, i can see a billion pound company in fairly short order. No excuses now, the plants have been built and rebuilt. Theres now plenty of feed. Upward growth needs to be demonstrated. Its make or break time and im backing Leon, if not i think the writing may be on the wall for him.

Wishing you a speedy and sound recovery Frog.

HD, i completely agree. Its now just a race to 25kt copper per year. They’ve got plenty of feed now with M &G, plus the added bonus of a concentrator at G. 2 new mines on their way in as well! The only question remaining is how long will it take? I believe 1,000 tonnes per month will fall very fast now! With Leon confirming 10-15k tonnes per month from M at a grade of circa 3%. ( circa 300 -400tonnes) Leon reporting Roan fully ramped up and capable of circa 500 tonnes per month with current input and grade. Then we have G and its concentrator. With the concentrator being some what of a game changer, 1,000 tonnes per month cannot be far away. Leon did say at the AGM, he couldn’t wait to tell share holders when this milestone was broken. Like a boy in a toy shop, he said he would be shouting out the news!!

Nelson, the IRH deal sounds very sound, just taking longer to get off the ground. Due diligence taking time. This is not a problem as the process works. Just tweaked to each particular dump. Whilst the due diligence is being conducted others are showing interest. This could potentially lead to re- negotiation. Jubilee is now proven. 12 months ago when the terms were agreed it was only lab scale proven. Just my take.

Jammer, inevitably cashflow is going to be tight with a rapidly expanding business. Some juggling of funds is inevitable. However, i am quite happy to see a delayed upgrade, if Sable is running at max capacity in circa7.5 months. The upgrade of 3kt of copper compared to the existing capacity of 12-13kt of copper is not so important. As soon as Sable is producing consistently at that level, cash flow changes dramatically. The on site condenser at PG is going to help matters immensely here. I meant to ask Leon about this in detail, however ran out of time. They are no doubt planning work on this and i feel this is a much higher priority at filling Sable than expanding Sable ATM. The new Thutse modules will also increase the credit line assisting immediate needs. Production finally seems to be the priority.

Ollie is majorly under rated. He does a lot of work behind the scenes. He definitely puts a shift in. I would imagine he was very instrumental in reversing the decision to buy Project G in shares.

Sumo, the only reference to copper numbers, was Sable will be at full capacity in two and a half quarters. Effectively mid way through next year. Combined with Roan will mean production should be pushing 2kt per month. 7.5 months away! This will enable quite a substantial credit line along with elevated profits. A different arena for Jubilee. A definite step up in league. Leon said he cant wait to tell the market when we hit 1kt per month for the first time!! Leon had a s glow, an ora of success wafting around him. He didnt want to leave the room. He was enjoying the anticipation of whats to come with shareholders. His assistant had to virtually drag him out to his next meeting.