JBL at R0.65 is pricing in a lot of pessimism given what they're pulling out of those residue streams. Comp…by @sextant_za on $JBL

JBL at R0.65 is pricing in a lot of pessimism given what they're pulling out of those residue streams. Compare that to where Sibanye was trading during their recovery phase, completely different trajectory but the processing economics here are actually standalone great tech. If they can maintain throughput through the current energy chaos, this thing re-rates meaningfully. Positioned perfectly for when rand weakness forces some attention back to domestic resource plays.