Member Info for SeisNav

The first of several major targets likely to be part of the upcoming drilling season:

https://x.com/navseis/status/1768665538475991199?s=61

We already know that there’s mineralisation there, it’s just a matter of the scale of it now. Time will tell!

To give an idea of what the recent rise in PGM’s could mean in terms of earnings, the PGM basket is up about US$55 / PGM ounce compared to the quarterly average. This would equate to a rise in earnings (based on 42,000 PGM ounces) of about US$2.3 million / year.

He didn’t promise anything. He gave a timescale in which they hoped to complete the due diligence. Timescales can change. If you treat an estimate at an expectation they you’re setting yourself up for disappointment.

That’s probably a big chunk of the option shares taken off the table.

I disagree with you Kalan. I’m sure you look at the charts on a daily basis so you should be well aware that before the persistent seller dropped our SP to 5p we were at 6.5p. Returning to that price is hardly ridiculous. I know that doesn’t fit with your never ending quest to manipulate sentiment but that’s the reality.

Charttopper, the copper concentrate price is a percentage of the LME copper price, depending on the amount of contained copper. So yes any rise in copper price will be good for us, regardless of the type of copper produced.

Buttermilk, maybe you should try and understand before you speak? The cathode / concentrate split now is not what it will be once the new front end is up and running… it’s really not that difficult to understand unless you are deliberately trying to misunderstand.

I'm well aware of what the metal prices are doing but short term traders don't really care about that, most of them probably haven't even got a clue what Jubilee does!

Feel free to explain why both SLP and JLP are down today after rallying 25%, regardless of the metal prices if you think I'm silly.

Both JLP and SLP were up more than 20% over the last week, you’ve got to expect a bit of a pull back before the next leg up. That’s the way it works.

Jubilee qualified to join the strategic power users group so 'shouldn't' be affected by load shedding at the moment. Obviously as a business that relies heavily on consistent power and water for Sable and Roan, the drought is of some concern, but following the issues with Roan's first ramp up, they invested in dedicated water infrastructure as well as joining the strategic power users group.

You can see the load shedding schedule here:

https://www.zesco.co.zm/assets/LoadManagement/ZESCO_8_hr_Loadshedding%20_Schedule_final.pdf

For the Ndola area it seems that the load shedding is avoiding the industrial districts at the moment. For Kabwe I don't see any reference to Sable.

I guess the government is trying to. be proactive by starting loadshedding early to avoid worse problems later in the year.

Obviously a statement from the company to confirm no power or water issues are expected, would be welcome.

That's true, but Sable can't run at capacity just from Roan output, in the short term it will need input from the waste rock project / Munkoyo.

I tend to agree Mikie, the deal with IRH will allow Jubilee to get several modules up and running relatively quickly and at little or no cost to the company. Although Jubilee only get between 30-40% of the earnings from the project, it's money which can then fund further projects, which give Jubilee a bigger share of the earnings.

Also if they stop the chrome expansion after the planned 2 further modules, there will be plenty of cash coming from SA operations. Chrome prices are very strong right now but there are mixed messages coming out of China so who knows how long that will remain the case. I'd like to see the company starting to accumulate some cash reserves as a 'rainy day' fund, in case prices start to cool.

The tailings projects are joint ventures with various partners, including ZCCM so we don't know if there are any requirements within those JV's to get things moving within a certain timeframe... maybe something to ask about at the next opportunity.

I think we can forget about the Eastern Limb expansion unless there is a decent rise in the PGM basket.

For Munkoyo we already know the timeline to implement the concentrator module and its not until the end of this calendar year.

The tailings projects are still a bit of an unknown. The recent Draslovka webinar showed between 70-80% copper recovery, as stated in RNS but cobalt recovery was very low… are they still working on that?

Takenorisk is definitely the same guy(s) who runs Bushytailed on other message boards. He plagued the JLP board for years until the regular users started reporting him and he got himself banned. We can easily do the same here with all of them, it just takes a bit of effort by the regular users in reporting all their posts.

Hopefully if an II is picking these up we might get a TR1 to confirm it. That might give comfort to those of a more nervous disposition.

You've got to look at who it is that's starting these rumours... despite the company saying within the last week that there is no plan to raise money at the moment. There's absolutely no need to start drilling in Botswana right now.

This is the same Kalan who was extolling Heroric, an obvious deramper and Bushytailed, even more obvious. It's all about a balanced view eh? Anyway keep feeding everyone the cuddly grandpa line... some might fall for it!

I seem to remember you flounced off in a strop after being pulled up for deramping Kalan. Didn’t you say you would only be posting buys and sells here?

It’s frustrating, I’ve got funds being transferred into my ISA share account but it takes so long to complete! I don’t know how the bank can justify taking a week to transfer me my own money!

South African chrome ore 40-42% concentrate price is 295-300 (bulk).

Up again this week.