Member Info for SeisNav

Art, am I right in understanding that you are not invested here and plan on waiting for results before investing?

I think the 5 million tonnes refers to the run of mine. I believe that equates to about 3 million tonnes of chrome concentrate.

Https://www.thesundayroast.net/podcast/episode/51056281/s8-ep5-sunday-roast-featuring-jubilee-metals-galileo-resources-sovereign-metals-and-acuity-risk-management-jlp-glr-afp-xtr-svml-acrm-kav-ftc-cobr-dsg-inc-gmet-aal

Ollie is a Non-Executive Chairman, his role is to oversee the board and provide advice to the CEO. He wasn’t brought in to publicise the company, that’s not part of his role. Colin enjoys all the public ramping of his various companies but it doesn’t follow that we should expect the same from Ollie. He’s there to turn the company from entrepreneurial to something altogether more professional.

I think that's a fair summary Chester, although during the H1 results presentation, Leon first stated that Roan split would be 60/40 in favour of oxides and then a little while later he said 60/40 in favour of sulphides! So none the wiser there really.

Also it's important to bear in mind that capacity doesn't necessarily translate into immediate production. The expanded sulphide circuit is due to come online in Q3 of this calendar year I believe, ahead of material coming from Munkoyo later in the year.

Another point, as we have seen with the PGM production, there is always going to be a degree of variability in the numbers when you are dealing with feed sources of different compositions and grades. Any numbers can only be considered an estimate.

I’ve filtered you before on other boards for ridiculous mass posting like this… just wanted to see who was behind the filter. If it’s DEVELOPMENT SYNOPSIS or just data scraping I really don’t care, I won’t be reading it.

I wasn’t insulting… I was stating the obvious. Nearly 20 posts a day and barely intelligible. Why not post less and take the time to make it readable. I think then people might actually want to read it.

581 posts in 30 days… thats nearly 20 posts a day! Nearly all of them in this barely intelligible style.

We are producing copper, just at a lower rate than we hope to see after the full commissioning.

The point I’m making is that combined earnings from chrome and PGM’s should be in the same ball park as last year and that isn’t reflected in the SP yet because the market doesn’t know about it, whereas the individual investor who puts a bit of effort in to work out the numbers can see that.

I track SLP share price in my spreadsheet because they are (currently) still a pure PGM play so it's a good indicator in my view of how the market views Jubilee....

https://tinyurl.com/yn3bzp8x

Do you see any evidence of chrome or copper affecting the share price? To my eye they are tracking pretty much identically.

Thutse was only fully ramped up for Q2 so that's why the earnings jumped during the second half of H1

I expect earnings to come in somewhere close to last year, which is not bad when you consider that most of our (so called) peers will be reporting a drop of around 70% or more due to the fall in PGM basket.

Chrome is slightly down from its high a couple of weeks back but still (as of today) quoted at US$300-308 / tonne for 40-42% concentrate.

A lot depends on getting Roan up and running really, if that happens within the timeline that we were given then US$15 m is certainly achievable, although its important to remember that quite often the amount sold is less than the amount produced during the reporting period, especially if we are expecting it to be weighted towards the end of the period, we might not see the full benefit of production in the revenue and earnings. Good to see copper hitting US$10,000 / tonne again, that will certainly give us a boost!

Here are the quarterly averages for the current financial year, including the current quarter so far:

https://tinyurl.com/353jx4a6

"Anglo American is well positioned to create significant value from its portfolio of high quality assets that are well aligned with the energy transition and other major demand trends. With copper representing 30% of Anglo American's total production, and with the benefit of well-sequenced and value-accretive growth options in copper and other structurally attractive products, the Board believes that Anglo American's shareholders stand to benefit from what we expect to be significant value appreciation as the full impact of those trends materialises.“

Growth options in copper you say? 😁

It's basically a software program designed to do some repetitive task, in this case automatically creating posts on a company that you might be invested in. Usually they are just rehashes of things that other people have already written either here or elsewhere on the internet. I guess it keeps the post count up if nothing else!

Janet's just a BOT, harvests quotes from other posts and puts them together into new posts... not very subtle either!

Https://x.com/tertiaryplc/status/1783509018037612944?s=61

They are certainly cracking on, about 190-200m deep now by the looks of it.

Yes Mikie, there are several 'Black Mountains' I believe, all furnace s l a g dumps which are still being added to. The biggest one is at Kitwe but the one we are involved with is the Mufulira dump. Apparently they are quite different in composition and require different processes to extract the copper and cobalt. I believe Leon said they expect to do it in stages with the easy to process materials being dealt with first to generate revenue while they work on the more complex stuff.

He said that back in the day the technology wasn't available to process the waste. They picked Jubilee from several bidders because they did have the technology. No subtitles required... I spent quite a few years working up and down the West African coast 😁