Member Info for SeisNav

For those who have an interest in understanding why Anglo American agreed to such a standout JV

This map shows the footprint of the hydrothermal fluids in yellow, these are rocks which have been altered by the mineral rich brines passing through them and also areas of potential copper deposition. The pink areas are showing copper-scandium anomalies, this is showing where the hydrothermally leached copper has actually been deposited at surface. The blue areas are electromagnetic anomalies.

https://x.com/navseis/status/1770747515874279768?s=61

If you can look at this and understand it (some less academically inclined people here refer to it as a pretty picture!) then maybe you have a better understanding of why Anglo American is so interested in these licenses. Have a look around at other companies for similar results… you won’t find them. Make no mistake the opportunity here has the potential to be big.

Yes it's much more profitable now, for two reasons.

First they are moving away from fixed margin tolling agreements which guaranteed something like US$4-5 / tonne for most of the material processed and moving into own sourced RoM where the margin is much higher currently something like 5 times the tolling rate.

Second the price of chrome concentrate has doubled in the last couple of years.

When PGM's were strong, the company was a PGM producer with chrome just being a means to get to the PGM's. Now PGM's are no longer strong and chrome is flying then we are a chrome producer with PGM's as a by product. It's just an about presenting the company in the best light for potential investors. Being seen primarily as a PGM producer is obviously working against Jubilee at the moment but strong chrome numbers in Q3 will hopefully start to change that.

The word on the street is that takenorisk prefers sailors and usually meets them by the tradesman’s entrance.

In case you missed it:

Https://audioboom.com/posts/8478147-midweek-takeaway-with-leon-coetzer-ceo-of-jubilee-metals-and-charles-archer-long-term-ftse-aim

Just announced that the debt restructuring with private bond holders has been completed. Great news for Zambia and potentially a trigger for other investors looking to enter the country.

Very good interview, good to hear Leon being asked more probing questions by Charles Archer. It sounds like another week or two before we start getting more news flow from the IRH deal.

If anything says "I'm a trader", it's quoting the share price to four decimal places!

By the way it's against the rules to post live price data.

I see the buttermilk that can actually speak english is on shift… when do you swap over?

Slater has been buying a lot recently (as have the other large holders) so the average price will have come down quite a bit.

South African chrome ore 40-42% concentrate price is US$303-308(bulk). That’s up US$8 from last week.

It’s amazing that he will keep arguing his case when everyone knows he’s lying. The only person he’s fooling is himself I think.

OK I can't read any more of your nonsense, back in the filter bin where you belong.

I honestly don't know why they bother, nobody who has been on these boards for more than five minutes would be convinced by it. Bushy spent years doing it and what did he achieve? Absolutely nothing. The SP fell due to the PGM basket at exactly the same rate as the SLP share price fell.

Look at those shares getting gobbled up on the cheap whilst the chancers on here try and talk it down. The big guys always get their nose in the trough somehow.

You're a trader, we all know that. You have no concern for anything but making a few quid on the price falling.

Bog off heroric, we all know what your game is.

In case you hadn’t noticed, it’s Africa. Things never run to the expected timescale. And it was a guideline not a fixed date. Who said I was pleased? I was merely pointing out that you and Butterball tend to show up whenever the price drops a bit but never have anything to say when there’s good news.

I see laurel and hardy are in town.

At the (takeno) risk of being called a ramper here's a map I put together of the licenses. All of the information has been taken from the various maps that Arc has published but it has not been combined before so I thought it might be worth doing.

The hydrothermal alteration zones (in yellow) are from the magnetic interpretation done on the original airborne EM survey, they indicate that hydrothermal fluids have passed through the indicated areas and affected the magnetism of those rocks. The copper-scandium anomalies are in pink and magnetic anomalies are in blue.

The area that interests me most is the area around Muswema and Lumbeta, where the majority of the area is showing signs of hydrothermal alteration.

https://x.com/NavSeis/status/1770747515874279768?s=20