The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
People will only see it when the hits the bottom line Mikie, that's the reality. 25,000 tonnes is still quite some way off well into next year, so that's hardly going to get people reaching for their wallets. First we have to get Roan up and running and maximise capacity at Sable. Once that's achieved and the concentrator's are proven then people will start to see the possibilities. Frankly, as soon as I see evidence that the new Roan concentrator is doing what's expected then I will be substantially increasing my holding.
I think they shot themselves in the foot a bit by not showing the step up in chrome earnings between Q1 and Q2, the H1 number is good but it doesn't show the full picture and what to expect in H2 and then in H1FY25 with the two additional concentrators. I will be asking about that specifically in the rescheduled IC.
"Every day down, down, down. I have been invested in Jlp for years, but a little tired of the constant dilution impacting shareholder value despite allegedly making money... No dividends, more dilution, falling share price. Had enough. I want out now."
This was Heroric's very first post when the SP was 16p.... and yet he's still here
Just for Peggy;
I think a picture speaks a thousand words, so here's a graph I did ages ago comparing the grades and frequency of the Cheyeza drilling with one of the neighbouring Sentinel deposits. There are four main deposits which make up Sentinel, two low grade (averaging about 0.5% Cu) and two high grade (averaging close to 1%). This compares Cheyeza against one of the high grade deposits:
http://tinyurl.com/yswresfv
The Sentinel data is in dark blue and Cheyeza data in lighter blue/green. Obviously the Cheyeza data is a bit more scattered because it includes all drilling regardless of where it is whereas the Sentinel data is restricted to the actual orebody. Still I think you can clearly see the potential there.
I'm going to make you feckers earn your pennies tonight!
Hi Pheasant, I would say extremely encouraging, especially at Cheyeza East, where the bulk of the drilling has been done. The best results are better than anything else seen in that part of the domes region according to Nick, and they received lots of interest from nearby mining operations when those results were announced.
I think a picture speaks a thousand words, so here's a graph I did ages ago comparing the grades and frequency of the Cheyeza drilling with one of the neighbouring Sentinel deposits. There are four main deposits which make up Sentinel, two low grade (averaging about 0.5% Cu) and two high grade (averaging close to 1%). This compares Cheyeza against one of the high grade deposits:
http://tinyurl.com/yswresfv
The Sentinel data is in dark blue and Cheyeza data in lighter blue/green. Obviously the Cheyeza data is a bit more scattered because it includes all drilling regardless of where it is whereas the Sentinel data is restricted to the actual orebody. Still I think you can clearly see the potential there.
Hi Pheasant, I would say extremely encouraging, especially at Cheyeza East, where the bulk of the drilling has been done. The best results are better than anything else seen in that part of the domes region according to Nick, and they received lots of interest from nearby mining operations when those results were announced.
I think a picture speaks a thousand words, so here's a graph I did ages ago comparing the grades and frequency of the Cheyeza drilling with one of the neighbouring Sentinel deposits. There are four main deposits which make up Sentinel, two low grade (averaging about 0.5% Cu) and two high grade (averaging close to 1%). This compares Cheyeza against one of the high grade deposits:
http://tinyurl.com/yswresfv
The Sentinel data is in dark blue and Cheyeza data in lighter blue/green. Obviously the Cheyeza data is a bit more scattered because it includes all drilling regardless of where it is whereas the Sentinel data is restricted to the actual orebody. Still I think you can clearly see the potential there.
Well if Roan ramps up in the timeframe that is claimed, ie, by end of April, then we should see evidence of copper in the H2 results, chrome is already happening and will be more obvious in Q3 if prices remain firm. I don't see why we should have to wait 9 months to see obvious progress.
Has anyone pre-submitted questions? I put a couple in but I plan to ask some more tomorrow during the presentation.
One thing I really want in future is to see copper cathode and concentrate reported separately so we can see volumes and revenue for each, that would give a bit of clarity to what's happening I think.
I did ask about the TV reference to Jubilee being in negotiations with ERG to buy Chambishi Metals refinery although I don't expect a response on that!
Two can play at that game de-rampers... trying to bury anything you don't want people to see like you do every day
If anyone hasn't seen the historical drilling results from before the JV and undoubtedly one of the things that got Anglo American interested in the licenses... here they are in collated form.
https://seisnav.blogspot.com/2022/05/drill-assay-results-for-cheyeza-east.html
Judge for yourself.
If anyone hasn't seen the historical drilling results from before the JV and undoubtedly one of the things that got Anglo American interested in the licenses... here they are in collated form.
https://seisnav.blogspot.com/2022/05/drill-assay-results-for-cheyeza-east.html
Judge for yourself.
It looks like whoever's executing the trades this morning had a rough night... three attempts to get it right!
Wow they really didn't like me asking why they never talk about the licenses... or was it me pointing out that these accounts are being run by a team....
Here's my estimate for the full year revenue and earnings based on current prices:
http://tinyurl.com/5n8m6ds9
Copper is difficult to forecast because there are still too many unknowns such as how much cathode and how much concentrate we expect once Roan is fully up and running again, when ramp up will be completed (end of April according to the RNS) and how much of each type of copper is actually sold and not just total production. In H1 we produced 1683 tonnes of contained copper but we sold only 1182 tonnes of that. Also the costs and revenue per tonne will depend on the cathode to concentrate split and the amount of each actually sold.
You can see the effect of strong chrome prices though... if they remain at this level (actually they have been increasing recently) they will totally absorb the fall in PGM's.
Those who pay attention to such things will know that chrome and PGM markets tend to work in opposition so it makes sense to have exposure to both. Before with the chrome tolling agreements we had very limited exposure to strong chrome prices, now we are more balanced to take advantage of a rise in either one. SLP are only exposed to the PGM price and so have really suffered in the last year. They are putting in place plans to increase exposure to chrome now whereas Jubilee had the foresight to do that a year or more ago.
I’m coming around to the view that these multiple accounts are being run by a team. On another share it’s pretty obvious that a couple of the derampers are actually different people at different points in the day, in the morning one can barely string a sentence together in english but by the afternoon they speak it perfectly.