Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
I think the interesting point about the Copper strategy is that if we, as close followers of the company, can’t really figure it out how can you expect others ! Links to why the SP is not reacting to higher Copper prices!
I’ve just listened to the podcast and am now more confused than before. According to Leon the small scale miners they are signing up will fill Sable, whilst Roan output will be sold direct to the market. This appears to mean we are producing on two fronts but then only 10,000 tons target? I thought Roan could do 1,000 tons a month and then Sable could also process 13, 000 a year? Anyone understand this better?
Having seen all of his companies perform so badly even after all the continued Copper hedge narrative you would have thought that he would want one to perform this year. Hopefully GLR is the one.
Ultimately JLP simply has to deliver on what it says. Start producing reasonable amounts of Copper at good margin. Any rise in the Copper price is secondary? Investors are largely negative on promises after so many delays hence the low SP?