Member Info for SeisNav

Maybe you need to consult a map SirTedious.

Did it make any difference when the FD put a decent chunk of his own cash in the company? The one man who should be best placed to decide if it's a good investment or not. People have short memories.

They claimed 65% recovery from the transitional reefs:

30,000 tpm x 1.6% grade *65% recovery = 312 tpm. So no it's not a failed processing method as you claim. The problem is the throughput is lower than anticipated. Can than be improved is the question.

There is one other option, holders sitting on a loss, looking to bring their average down!

I thought that was a very clever move by RB, people know the potential of Mushima North is very exciting but buying was held back by the inevitable need to raise money. Raising with a supportive investor and with drilling imminent, that should put a rocket under the SP.

I do hope the shorters don't get too badly burned, they have had their time.

HD, I'm assuming that they mean 200 tpm high grade plus 120 tpm low grade to give a total of 320 tpm.

Sumo, all I've put in is what is currently known. That doesn't mean it couldn't go up as Grovenor and LWP timelines are announced. I thought I made that clear but apparently not clear enough for some...

...so you can change it!

Here's an updated spreadsheet showing the targeted production plan so far:

https://www.dropbox.com/scl/fi/iptgfqy28q16kwj5wo48f/Zambia-Ramp-up-Plan.png?rlkey=zd9kahncsn47tnmjb3twxiv7g&dl=0

I've assumed 300 tpm at Roan for the foreseeable future although I'd expect them to explain how the currently unused front end will be utilised in the future and also the timeline for the leaching circuit.

I've also assumed Molefe ramps up to 200 tpm from high grade material from early in the new year and the first leaching plant comes online early FY2027.

I haven't added anything for Grovenor or the LWP yet because we don't have any timelines. Drilling is supposed to start at Grovenor this quarter, I would really hope that early stage mining will start by the end of the year....

That company is pretty recently established. As well as Chris Koen, the mine manager for Munkoyo / Molefe has also recently announced a new position with ATOR. My thought is that Jubilee have established the company as a conduit for the mining and exploration activities to keep things separate from the core processing business. Pictures of ATOR trucks parked outside Sable refinery also tend to suggest there is a connection between the two.

Presumably you expect the SP to rise at some point Mr Boring, otherwise you would have already departed.

Maybe your AI mislead you harmprof.

I brought up cobalt because the price has been rocketing and is now considerably higher than it was when they stopped production. Also it's in Zambia which is where Jubilee will be operating.

Eagle, the price I've seen quoted is per pound of cobalt hydroxide containing 30% cobalt. I guess there will be some sliding scale based on the actual percentage contained so I may have got a bit carried away with my prices yesterday because I had it in my mind that they were producing a grade that was higher than the numbers suggest (23%).

The price is up again today at US$20.65 / lb or US$45,525 / tonne.

I guess there's a possibility of improved PGM production in Q2 if they are able to to switch to RoM which is richer in PGM's rather than chrome but in the end it won't make a massive difference either way I don't think. Anyway, that will soon be in the rear view mirror. Zambia is where it's at (allegedly!).

Chrome production is what you would have expected given the loss of the OBB contract. PGMs were also affected by that more than expected. They were having to supplement Inyoni with tailings which maybe were lower grade. A bit disappointing that the PGM JV won’t start production until next year so we are unlikely to see any benefit from it.

I guess it will be similar PGM production in Q2. At least what we do produce will get a very good price!

Have a look at the graph I posted:

Here's the cobalt price chart (cobalt hydroxide in light blue is the important one):

https://www.dropbox.com/scl/fi/e5ibczquv2xxgjugxu2qg/Cobalt-price-chart.png?rlkey=z5189puwp5iavc2im8s541dva&dl=0

You can see that cobalt and cobalt hydroxide are currently about the same price at ~US$45,000 / tonne. That's because there's not much of a shortage of pure cobalt but there is a shortage of cobalt hydroxide.

Eagle, they produce cobalt hydroxide as a final product, which is about 28% cobalt I believe. The price used to be linked to the price of pure cobalt metal and you got paid a percentage of that. As you can see from the graph, that relationship has broken down because there is a shortage of cobalt hydroxide due to the export ban by DRC.

Further to my post about the improving cobalt price, here's an article from earlier this week:

https://www.fastmarkets.com/insights/cobalt-market-outlook-2025-drc-quota-system/

Bo, if you have to ask those questions maybe you need to do a bit more research.

It doesn't really matter if it was a buy or a sell, clearly there was a buyer and a seller to move that volume of shares. Veddis were selling so it could have been them exiting. Maybe we will get a TR-1 eventually.

No

I would say for a company that primarily produces PGM's, it's the key aspect!