Jubilee Metals Share Discussion Threads

[21ant] 25/3/2024 17:30

I honestly believe you will be well rewarded hear Frog whatever your strategy is.
The great thing here is there is enough going on for short, medium and long term holders going forward to do well. Very exciting future indeed but without wishing time away it would be nice to be a few weeks further down the line

[frogkid] 25/3/2024 17:09

I just listened to it again. All sounds very positive. Deadlines have been missed though. Let's hope they're not missed again.

[aceshi] 25/3/2024 15:24

.... Since it was 22p

[adejuk] 25/3/2024 13:25

agree ant
just don't take lc at his word when he mentions time lines
3 yrs in decline
that's longer than mine :-)

[sb] 25/3/2024 12:53

The IRH opoeration is progressing as described; there is no reason to suppose the "deal" is not on. Roan will be fully operational by end of April as per the last update.

[frogkid] 25/3/2024 12:45

Xow, I intend to but no rush.

[frogkid] 25/3/2024 12:38

The Roan upgrade and the IRH deal. If this was such a great interview why has the price not reacted?

[xow98] 25/3/2024 12:37

Good summary. Go on Frog, one more top up ;<)

[sb] 25/3/2024 12:36

Tell me what isn't, Frog....

[21ant] 25/3/2024 12:32

So, all in all everything is on track and all systems go. Great to get the questions answered that were submitted.

My notes:

Roan - All hands on deck, pushing very hard and he did eventually say yes to fully operational at the end of April. I would give some flex here maybe.

Sable - Q3 upgrade (July to Sept) will be up and running at the improved capacity almost immediately after the work is complete. Also talked about the need to look beyond Sable as the only refinery in months as opposed to years

IRH - Lots happening, working on the implementation and process solution. Ultimately a carbon copy or Roan though. Probably 2 weeks away from lots of news flow on the size, implementation (the how and speed)

Munkoyo - work still on track to reach production levels of 25000 tonnes of ROM over the next 12 months

Thutse - about 2 1/2 months until the 9th Chrome module is up and running. On target.

PGM's - as we know; production costs very low so still profitable. Creating more feed material as Chrome expands. Very well placed for any uptick in prices. Current quarter/half revenues very similar to LY as it stands.

Current copper volumes - not totally clear but I would suggest between 300 and 600 tonnes per month. Initially reduced to 50% capacity then down to 40% at Roan. Once up and running it will be 1000+ from Roan (13000pa)
Talk about growing chrome revenues and copper revenues and that copper revenues will match chrome and eventually surpass

Profit: Chrome is at double digit growth through processing more of their own material. With the volume growing too, the revenue and profit benefit. Copper then ramps up and follows a similar pattern really adding to the bottom line

Equity raises: Thutse expansion fully funded from own cashflow. Copper supported through recent raise and IRH. No requirement to come to market. Even with lots of 'must have' opportunities in Zambia, he stated 'they may not need to have all of it' and therefore expand without coming to market.

Load shedding in Zambia. Primary protection for Jubilee through priority supply from Zesco. Only if load shedding hits extremely high level will they be affected. Looking at solar panel options for their modular roll out. Additional benefits to this being they can not only back up their own plants but potentially supply to local areas which tend to be remote.

Warrants - He said these were all historical. He is right regarding the prices mainly being at a premium to the current share price but the 22m that hit in December don't look historical to me so needs more digging and clarity.

Why Jubilee?
1. Already created a sustainable profitable business which many haven't in this space. That is significant and de-risks JLP in my view
2. Diversification in Chrome, Copper and PGM's with Chrome and Copper in high demand
They are not a miner or a PGM company but a Copper and Chrome company with a PGM by-product. They are quick to expand (see Chrome) and low capital.

We are at an inflection point for extreme growth, not just organic growth

I've bought some more ;-)

[wet your knot] 25/3/2024 12:26

I thought that Leon warmed up as the interview went on. He sounded very cautious and avoided a couple of opportunities for clear, first-time responses to the first two questions. That, to me, doesn't come across well. But we have some new, fairly short timescales now with ample opportunity for him to throw in as many caveats as he thought necessary. Like most here I am able to wait and did small top-ups a couple of weeks ago.

[9tintin] 25/3/2024 12:16

Leon always comes across well and you can't help but be impressed with the story, just needs to actually deliver on the timeline/deadlines, that's what irritates me about Jubilee, - of course as he implies supply and delivery issues/hold ups (literally!!) are out of their control but nevertheless maybe taking a more objective view on progress and deadlines missed should be the order of the day, after all Jubilee has made fantastic progress in a relatively short time - it's easy to become impatient for more.

Anyways based on his interview, I've taken another 100k and made a mental note to cut the guy some slack!!

tintin

[frogkid] 25/3/2024 12:16

It's not though is it sb ?

[pshevlin] 25/3/2024 11:32

Charles couldn't do it Ade. No voice, so not Leons fault.

[pshevlin] 25/3/2024 11:31

Either these promises will be met or others will be like you frog.

[adejuk] 25/3/2024 11:24

i thought the interview was in the middle of last week.

[sb] 25/3/2024 11:22

Everything on track and on time it seems.

[pshevlin] 25/3/2024 11:11

That's (around) the 8th April.Pity is if gives all those who have caused us pain and heartache time to get back in.

[frogkid] 25/3/2024 11:11

Can't be bothered to listen to more promises

[freedom97] 25/3/2024 11:09

Excellent interview.

Looking forward to the future.

[call me a cab] 25/3/2024 11:02

Didn't he correct himself and say 2 weeks away?

[adejuk] 25/3/2024 11:00

ano promise
huge news flow at end of march
within a week.
expectable but
we'll see.