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Even as the end game approaches the tedious Ella forces himself to the centre of attention. Please everyone filter him until the deal is done. There are better things to discuss.

We’ve been steadily rising since the start of the year, up 32% over the last month to be precise! It’s funny, I wasn’t in the least interested in the SP when I was underwater… now I’m making money, I suddenly interested! :-)

Jonah yes for sure, with 70% of cobalt being produced in DRC (mostly raw material for export to China for processing) and a large percentage of that still being mined artisanally, the opportunity for exploitation is still massive. Something the US would be very wary of investing in without safeguards in place.

There is a major cobalt reprocessing operation in DRC, Metalkol, who produce something of the order of 20,000 Tonnes of cobalt / year. They are one of the worlds largest producers. Something for Jubilee to aim at, although grades are obviously lower in Zambia than DRC.

I think the US investors wold be much more attracted to Zambia, where we are producing cobalt free from artisanal mining, and with an investor friendly administration in place. We just need to scale up in order to be a major player.

From the MOU:
“ SEEKING to facilitate the development of an integrated value chain for the production of electric vehicle (EV) batteries in the DRC and Zambia, ranging from raw material extraction, to PROCESSING, manufacturing, and assembly”

“ The U.S. private sector is a tremendous resource, both for technical knowledge and FINANCING, for commercial development at every step in the process”

From our RNS of 19th Dec.:
“ The additional cobalt revenue offers the Company further opportunities to secure metal backed funding in support of the implementation of the Northern Refining Strategy.”

The US want to encourage ethically sourced cobalt (ie, non-Chinese sourced) which is what we are producing.

https://twitter.com/Jubilee_Metals/status/1617487701841969153?s=20&t=MRKEpQfLxE1l7BftPINrzw

Hint hint…. :-)

At least once things start to progress, they will happen much more quickly. We have been stuck in limbo for a long time with all of the issues that have had to be overcome, which gave room for the con-merchants to prosper. Regular news flow from now on will make that much more difficult.

It will be amusing to see what increasingly desperate attempts to distract they employ over the next couple of weeks… assuming we don’t get news before then! Even Ella has given in… posting on the AA board that the deal is progressing :-)

I highlighted that last week with regard to our plans to expand cobalt production and Mopani announcing plans to restart cobalt production after a decade layoff…. It doesn’t take a genius to connect the dots… even Bushy could do it if he REALLY concentrated! :-)

Have a listen to the investor call if you haven’t already, Vassilios and Remy go through some of the details. They clearly have put a lot of work into potential development at Cheyeza East and it wouldn’t be a surprise if that was also part of the deal. Remy mentioned potential revenues of US$45-50m / year and about half that as free cash flow (copper price at the time was US$8,400 / tonne). It would be more than enough to cover AA drilling costs while they explore for the larger deposits.

https://youtu.be/GsEPEVv8RCQ

Remy has already outlined the case for early development of the high grade oxides at Cheyeza East, it’s possible that this has already been agreed with Anglo as part of the deal. It would also explain the early applications for LML’s…. Why apply now unless you plan to mine in the near term?

Anyway I think all will be revealed at or before the Indaba in a couple of weeks time. There has been a marked increase in activity in the Cadastre with respect to our licenses… I think they have been given the hurry up to get everything sorted in time for the announcement.

Well that quote (from 2 months ago) suggests things have changed.

“ Arc Minerals is listed on London’s Alternative Investment Market (AIM). Von Schirnding wants to scale Arc up from being a junior miner and turn it into a mid-sized producer. He wants to secure more licenses in Zambia and Namibia to look for copper, and maybe also for nickel and zinc. The priority will be projects which can be brought into near-term production and so produce cashflow, he says.”

Mining licenses… mid size producer…. Near term production….

Anyone care to join the dots?

The only rumour is the one shorteverything just invented. His post reads like someone who’s skimmed a few RNS’s to appear knowledgeable…. Funny how he’s showed up out of the blue just before the results are due.

Ella’s been consistently proved wrong for the last two years… If I had that kind of record on a share I’d be giving up :-)

https://twitter.com/Jubilee_Metals/status/1616456721785933824?s=20&t=sAqVvPihs2QSvB_e4qzvUQ

Are Jubilee hinting at the bigger picture that I was talking about yesterday?

I might even invest in my own private cask if that happened :-)

The might even use Jubilee Metals :-) Oh the irony if that happened!

So Anglo are applying for Large Scale Mining Licenses before they have even put drill to ground… based on our geophysical data and drilling to date, they have seen enough to take that step. How many times have you seen that happen before? Applying for an LML is not a simple process, there are a lot of hoops to jump through in order to be successful, you can see what is required here:

https://www.mmmd.gov.zm/?page_id=1227

I don’t know why they would start that process before getting any drill data of their own unless they were convinced that mining is a foregone conclusion… a real statement of intent if you ask me.

Maybe they are planning to do some early stage mining at Cheyeza, where the high grade oxides can just be shovelled into trucks and taken for processing? Maybe they just want to get an early start on the process to avoid any delays later? Who knows. However you read it, any doubt about a deal being concluded has been removed as far as I’m concerned. I’m not crossing my fingers… I’m preparing to open the good whisky!

Care to repeat that in English Shorteverything?

I’d suggest listening to the last update video that Leon did, he specifically talks about when dividends might happen… no need to speculate!