Jubilee Metals Share Discussion Threads

[9tintin] 20/7/2023 15:22

pshelvin

I too was under the original understanding that the production of copper OR cobalt was the make up at Sable, however I was 'corrected' (several times) on here that Jubilee could produce both concurrently. Whichever is the case it would seem that Leon does not consider it economically viable to produce cobalt - which of course had so many on here drooling at the revenue numbers - LOL. Yet another example of really waiting to see the hard evidence!!

tintin

[aceshi] 20/7/2023 15:19

BaldyAugust this year, next year, or perhaps 2030? All you ever going to do here is wait.... Why you think it's known as the "jam tomorrow" outfit and it's had that rep for well over a decade already. This will continue to slump while they continue to give lip service to the market. Acurate figures, funding projections and commitments, until completion of existing projects and clarity on the companies direction and priorities. They are all over the place, every RNS is a different story and the focus is forever chopping and changing. Lots of words but very few cold, hard, facts. But then again, management is way too busy to pander to shareholders. Besides, the loyalists have only had their holdings eroded by 2/3 over the last 18 months. lol

[frogkid] 20/7/2023 15:00

I'm a little surprised at the reaction to what is essentially a good RNS. We can look forward with confidence. I'd live to know who the partner is. Positive news from the Zam ministry would be gamechanger. And what does Ollie do !? I will continue to accumulate at these crazy prices.

[pshevlin] 20/7/2023 14:51

CAPEX coming our way:- "Total capital investment into new equipment and installation for the upgrade is budgeted at US$ 8.5 million."
A bit more clarity and truth and a little less purposeful obfuscation would be very welcome on here.
Some people only too ready to just pick out anything that they can pass off as negative.

[frogkid] 20/7/2023 14:50

I think we were aware. It has been talked about.

[pshevlin] 20/7/2023 14:48

I'm not sure they can produce copper and cobalt at the same time tintin. Perhaps I can be corrected but I thought it was the same line producing it and they would switch from one to the other based on commercial viability.

[gosoftly7] 20/7/2023 14:46

"to inform the capital requirements for the project which has been delayed to August 2023. Final test programs includes scaling up further the pilot work to a newly constructed large scale piloting facility expected to commence during September 2023."

This is all time and money. They need to get it right, but looks to me, together with the chrome, that a lot of CAPEX is coming our way.

The progress is solid - issues being dealt with etc- but it is not quick.

I'm with Tintin, until the last announcement I had not realised that the operation was an either/ or for Cu and Co. I don't know if that had been explained earlier.

So more investigation, more design work - as is needed- leading to CAPEX.

I look forward to seeing the financials.

But I am not as patient as I used to be. 12,000 tpa Cu?

[9tintin] 20/7/2023 14:30

Skipper

You could well be right that that is the case and of course we won't get told until the deal is done and dusted, and I hope you are right - however based on Jubilee's record of missing deadlines, and of course the jurisdiction involved, it could still be years away from becoming reality.

Let's see if the 'end of July' produces anything definitive.

tintin

[frogkid] 20/7/2023 14:22

That is the game changer skips

[the skipper] 20/7/2023 14:18

tintin I would have to agree that the market currently remains unconvinced but that should change within the next couple of months or so imo. Look at this statement in the RNS:” Our Northern Strategy continues to progress on several fronts, including advanced talks to secure a significant operational refining footprint, from where we are able to establish a central refining footprint in the area. The Jubilee team is working to complete the on-going pilot trials to optimise the targeted process solution for the treatment of the range of northern copper and cobalt wastes. These results will be used to inform the capital requirements for the project which has been delayed to August 2023. Final test programs includes scaling up further the pilot work to a newly constructed large scale piloting facility expected to commence during September 2023."

I recently posted about the Mining Minister’s insistence that they would announce decisions on the future of the giant mines at Konkola and Mufilira/Mopani by the end of July and it seems highly likely to me from today’s RNS that JLP are going to get a piece of the action from the majors.

[baldrick1] 20/7/2023 13:00

Why not wait for very positive news coming out of Zambia as early as August?

[9tintin] 20/7/2023 12:32

pshelvin

Why bring it up now ,,,,,,,?

Just stating the facts - there was a great song and dance about Jubilee being able to produce BOTH copper and cobalt at the same time, in significant amounts - battery metals etc. yet the numbers for copper are way down on previous guidance and cobalt produced is virtually zero. Zambia is proving to be a disappointment, & slow to realise it's potential and it seems the emphasis (CAPEX) is switching back to S A - chrome/PGMs. Hence why the share price is where it is, the market is supposedly forward looking, in Jubilee's case it would appear unconvinced regarding the narrative. Whichever way you look at it and the factors beyond its control (metal prices) the story is still one of 'jam tomorrow'. I think there is good reason there was no financial guidance included in today's RNS.

A quote from last years update :- "I am very excited by what the FY 2023 period holds. It offers tremendous potential growth for our Company as it benefits from the foundation laid during the FY2022 period, with the full exposure of our enlarged South African operations as well as the commissioning of our new 12 000 tonnes per annum Southern Copper Refining operations and the realisation of our cobalt production."

Go figure.

tintin

[tonyevo256] 20/7/2023 12:16

A decent update..PGM side shows we have a great team that can exceed targets in the face of great adversity...very reassuring for the future. Copper side finally producing on a commercial scale so again very pleasing to see.

[pshevlin] 20/7/2023 11:27

Quite agree about EV being worse for the environment than anticipated but that won't stop the production lines. The key is recycling which is difficult for the batteries. solve that and the problem diminishes.

[pshevlin] 20/7/2023 11:08

aaspell. Too early for figures for period ending last month FGS! What's important is expansion not whether we have made more money this half year. Metal prices will come good. The world has no choice. Get rid of fossil fuels or burn!

[pshevlin] 20/7/2023 11:05

"In January 2022, BMW said it would stop production of the i3 entirely, instead leaning into larger, longer range EV options like the i4 and iX — cars meant to look like the brand's other models."
No way will electric car production be stopped. There will of course be other alternatives but the general move away from gas to electricity in power generation will mean copper will be in very short supply.

[aaspell] 20/7/2023 11:04

Looks good on the surface of it but no figures provided - we may have produced more but have we actually made more money or have the metal prices moved against us to show less money and profit compared to 2022?

[eblitz1] 20/7/2023 10:59

I am one of the people who have not been at all happy with the way the Company communicates to the market and it is reflected a bit in today's RNS. However I think it is important to remember that Roan and Sable sites were test sites for the future.
This has been stated on various announcements. Having spoken to Ollie I can assure you that he has got his finger very much on the pulse of the Company but I was and am frustrated with how long it takes to implement change, but change is coming. My first thought on change is that Leon is not being over optimistic with forecasts.The announcement alluded to in August will be the game changer but it will be a slow burn as I think the amount of refurbishment will be major so this will or should not help this new F/Y My other concern is that prices of PGM's although being stated as being in deficit will not rise as the electric car market has had it. The main manufacturers
have a surplus of cars and electric is NOT the way forward as BMW is stopping production so I have been told. It is NOT cheaper or environmentally better than petrol driven cars at all. JLP can do nothing about prices of PGM's. Copper or Cobalt.

[pshevlin] 20/7/2023 09:53

Tintin. It was part of the jubilee strategy to produce cobalt ONLY when the price was right and when it was more cost effective than producing copper so why the moaning? Copper production is also only really poor in comparison to high expectation before water and power issues were a problem. All that has been dealt with in the past and ameliorated so why bring it up now? There will always be more jam tomorrow in any case as long as jlp continues to expand. That's the point. It's not a mine with limited resources.

[kennyp52] 20/7/2023 09:41

I see your points Tintin .. but it’s pretty clear that JLP will be here tomorrow ?