Member Info for SeisNav

I always make a point of reading peoples posting history when they show up out of the blue and claim to be a long term holder... yours doesn't make very pretty reading. So yes I'm suspicious.

Strange because you seemed to be trying to use it as a negative when they are already entering the dry season.... nice try though.

I guess you're not very familiar with the rains in Zambia.

Are you an investor in JLP Junior, or are you just here because of GLR's interest in the project? I notice you only post about Molefe so I presume it's the latter?

Have a look at the chart I posted, you can see that what they processed in Q1 is very different to what they processed in Q2 / Q3. It's mainly sulphides in Q1 which suggests they were mainly processing tailings rather than the high grade RoM.

https://www.dropbox.com/scl/fi/es8z3dqasq30x6vy1jlzs/Quarterly-Production-Estimate.jpg?rlkey=6jbg7u28l53evcm6nh5omwtam&dl=0

Now they should be processing mainly if not exclusively the high grade RoM so the majority of the output is oxides which will go to Sable.

Sumo, obviously the rains may have a bit of impact but judging by the Q2 / Q3 numbers during a more than average rainy season, the Roan production shouldn't be impacted that much.

The step up to 40,000 tpm throughput is linked to the re-introduction of the front end bobbill, that's stated in the last RNS.

Here's a chart I put together which shows expected production at Roan (at 30,000 tpm throughput) and expected copper mined at Molefe based on the mine plan. You can see that mining at Molefe shows a big step up from Q1 2027. I put a "?" on cathode production from Q1 2027 because we don't know how much of that copper mined at Molefe goes direct to Sable.

https://www.dropbox.com/scl/fi/es8z3dqasq30x6vy1jlzs/Quarterly-Production-Estimate.jpg?rlkey=6jbg7u28l53evcm6nh5omwtam&dl=0

I emailed the company yesterday because I was a bit confused about the production numbers for Roan. We have been told that the recovery percentage at Roan was in the order of 65% so I was expecting to see this reflected in production numbers, ie,

30,000 tpm (throughput) * 1.65 % (grade) * 65% (recovery) = 320 tpm or 960 tonnes / quarter.

The latest update shows that Roan produced about 570 tonnes in Q3.

I had a reply from Cath Drummond who explained that the new centrifuge / dewatering circuit is for ADDITIONAL processing and not reprocessing of the already reported fines and this is expected to produce in the region of 300 tonnes / quarter of additional copper, bringing the quarterly total up to around 900 tonnes / quarter.

So that sets a baseline for Roan of about 3,600 tonnes per year at current throughput of 30,000 tpm. If throughput steps up to 40,000 tpm as has been suggested then we could reasonably expect an upper limit of 4,800 tonnes per year.

Just putting that out there for anyone else who was similarly confused!

Where have I 'ramped' the share chatmandu? I never encourage anyone to buy the share, I try to post information where I can, both positive and negative.

Nevergiveup ONLY posts when the SP is dropping, all the guff he writes about being 'concerned' for others isn't fooling anyone with half a brain... apart from you apparently.

Why is it you only post your 'concerns' when the SP is under pressure? Why do you go radio silent whenever it starts to rise again?

Whatever, you make no difference apart from clogging up the board with your posts.

Never, as much as you want to think you are influencing the SP, honestly you are not. The seller will decide what they are prepared to accept so why not just sit back and wait for your opportunity to buy back in. You already told us you are just trading so nobody thinks you really give a damn about anyone else here.

Maybe the heavier than normal rains have delayed starting... either way an update should have been provided.

No it isn't.

Yes I agree with that Jonah, but they were stating a target of processing 110-120 tpm which is the same as the expected new production. Unless they expand beyond that target, in which case it makes sense. You generally need a Rosetta Stone to decipher what Leon actually means though so who knows.

Nice to see you're still here Gray, I think much the same in terms of numbers although that's not including anything for the low grade waste at Molefe. We need to see how that develops because the first stage was supposed to upgrade the waste and result in more material shipped to Sable. No word on that in the RNS of course.

Sumo, I think the 14,000 tonnes of fines equates to about 380 tonnes of contained copper so I guess that will feed into the dewatering circuit which is targeted to process 110-120 tpm. I didn't really get the maths myself because it said they were producing new copper fines at about 110-120 tpm of contained copper so if thats the case how can they process new plus stockpiles with the same capacity?

“ Leon oversaw a share price tank from 20p to the 2's”

No mention of the fact that the sp went from 1.5p to 20p on a spike in PGM prices before the gradual decline? I guess that doesn’t fit the narrative. Thankfully I was already buying at 1.5p!

Is this AI generated Foresthomes? You seem to repeat yourself but with different wording. It certainly has the tone of AI, if so it's best to be clear about it.

It sounds like it was at Tertiary's request that the Mukai timeline was extended by 12 months:

"The Company requires renewed tribal consent to continue exploration at the Project and, following a request to First Quantum, the due diligence period of this agreement has now been extended by an additional 12 months, for a total of 36 months until 6 August 2027."

There's nothing to indicate if they plan any drilling there this season (unless I missed something).

It's good news that they are in JV discussions for Mupala and Jacks projects. If they can secure one or both of those before this drilling season starts it significantly reduces the cash needed to advance on multiple fronts. Imagine having 4 or 5 projects drilling this season and the associated news flow. That's what the company needs to start moving the SP northwards.

The fact that you have the audacity to end with "good luck to all those still holding" whilst at the same time posting some dodgy AI generated price target is a new low even for you.