Member Info for NorthernShark

Agreed JLP but it will take them a bit of time to produce a more detailed note off the back of the first half results. I would think we will see something more detailed within the next month.

Northern

https://jubileemetalsgroup.com/wp-content/uploads/2021/03/MC-JLP-250321.pdf

Reading the detail on the Copper and they have now executed 5 transactions totalling nearly 300m tailings in 3 locations. Seems like smaller acquisitions as just part of the day to day now...

Regarding refining capacity - "the option of either expanding the Sable refinery or securing further refining capacity through JV partnerships or acquisition to match the ramp up of the three processing facilities". Doesn't sound like they will stop at 25ktpa as they indicate they will expand Sable from 16k to 25k anyway.

Roan funded by cashflow. Commissioning in April as the access roads have been destroyed in the rains targeting 400t per month initially.

Mikies elephants are starting to move

Roan delayed by 6 weeks - so implementing within 3 due to heavy rain.

Apart from that it looks good. They have also given us their prices for the metals which will help forecast out for the end of the year.

Spot the investors vs the day traders... Not selling any of mine!

Something is stirring Yorkie...

Jubes like a Thursday news release and often 1pm is their timeslot

Clueloss, very doubtful they will announce a dividend and to be honest I don't want one at this stage.

I would rather the cashflow be used to develop more projects so we can expand our footprint before others cotton on to how much return JLP are making on their operations and try and copy us.

Jubes in the growth phase and plenty of time for dividends in a couple of years when the copper/cobalt assets are doing their thing

21.5 for me

JPLPos, I agree.

Frustrating though it is not to have confirmation that Roan is up and running and a measure of our progress through the interims, another couple of weeks is neither here nor there in the long term picture.

In the interims I would like to see an updated timescale for Elephant 1 and 2, Sable expansions in terms of Zinc and Vanadium plus an idea of the copper ramp up (volumes). Added to that fine chrome at Inyoni and PGMs expansion progress.

Not a lot to ask for but so much going on at the moment which will all add to our future earnings capabilities

Holding information back may be due to commercial opportunities being explored - if we show the margins on the copper then owners of the tailings may drive a harder bargain.

Northern

Dore, correct - and we are generating substantial cashflow from operations.

We are also investing a lot in new projects which will increase the enterprise value due to the increase in assets which will generate future cashflows.

Gshiv - they do like a Thursday release...

Dore, when you say burns cash you need to distinguish between Capex and Opex. As Leon has stated we are in a growth phase where free cash is reinvested to build the asset base. I am fine with this as long as there are profitable opportunities to grow the business.
If we are spending a lot on Opex and not generating return then I do have an issue. Luckily our margins don't suggest this is the case.

Northern

I am with you Dorfan - couldn't have timed it better in terms of rising copper and cobalt prices.
For this Leon and Colin need to be applauded as they kept re-iterating this point over multiple webinars.
Also think about our leverage in terms of being able to bring projects on stream with quick timescales.
Some are worried about cashflow but given metals price rises and the fact the balance sheet is strong I don't see any issues with respect to funding further opportunities.
Mikie does have his own way of getting these points across but it is up to all investors to do their own research as some on these boards have their own agendas, albeit this board is way better than the other one in that regard.

Northern

Also looked at Inyoni and has progress on PGM expansion and implementation of fine chrome. The fine chrome comment answers one of the outstanding questions I had.

My guess is they would ship inventory quite frequently to keep the cash rolling in.

An update from the company would be very nice right now

Shame we can't see how far to the left the piles go! Or indeed how many days production this would represent...

Whilst I am a little disappointed there has been no confirmation of Roan this may be wrapped up into the interims.

Meanwhile the price of Rhodium alone is driving profits from the PGM side of the business.

http://www.platinum.matthey.com/prices/price-charts Look at the rise from the start of the financial year until now and then multiply by 0.064 (8% of basket and 80% recovery). $500 to $1850 an oz!

Second half earnings should be stellar without the copper contribution!

Mr so called Big Shot.

Please back up any claims with some shred of evidence as everything I have read points to the opposite.

There is another site which is more suited to your last post.... I suggest you pay a visit

https://www.reuters.com/article/us-usa-mining-insight/to-go-electric-america-needs-more-mines-can-it-build-them-idUSKCN2AT39Z

Leon said it was about 45% complete in a recent interview and will be operational in Q3 as Jonah mentioned