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Author: Admin | 2025-04-28
Market fundamentals point to a supply deficit emerging in the coming years, which should support higher manganese prices.World-class assets - Jupiter's Tshipi mine is one of the largest and lowest-cost manganese mines globally with over 120 years of reserves. Additional consolidation opportunities in the Kalahari Manganese Field provide further upside.Production growth potential - Jupiter aims to increase Tshipi's output by 14% to 4Mtpa in the near term. Additional growth projects in the pipeline provide further long-term growth potential.Strong balance sheet - Jupiter has zero debt on its balance sheet and is generating strong free cash flow. This provides flexibility to fund growth projects without equity dilution.Attractive dividends - Jupiter has consistently paid out very high dividends, averaging a 13% dividend yield over the past 5 years. Guidance is for continued high payouts.Value upside - The current share price does not appear to fully reflect Jupiter's growth potential or upside in the manganese price. Successful execution could lead to strong share price appreciation.Strong ESG credentials - Responsible development of resources in South Africa provides diversification for ESG-focused investors.In summary, Jupiter offers exposure to an attractive commodity at the start of a bull cycle, with world-class long-life assets, funded by a strong balance sheet and cash flows. The growth strategy provides production, earnings and dividend growth potential for investors.Analyst's NotesInstitutional-grade mining analysis available for free. Access all of our "Analyst's Notes" series below.View moreSubscribe to Our ChannelSubscribing to our YouTube channel, you'll be the first to hear about our exclusive interviews, and stay up-to-date with the latest news and insights.
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