Jubilee Metals Share Discussion Threads

[shanklin] 17/5/2022 10:44

No position as yet and just doing initial reserach, reading RNses and watching the 29-Dec-21 presentation. I see there was a placing at 16.03p in Sep-21 and the share count has increased fairly steadily over recent years How much confidence is there that future growth will be funded by debt or self-generated cash flow as opposed to further discounted share placings please... ...or better at the prevailing share price? TIA. P.S. Really just asking whether the focus is on long-term EPS growth?

[mya viet] 17/5/2022 09:14

Not alot of volume yesterday or today. Seems many investors are sat on thier hands watching the overall market to show and signs of strength

[sev22] 17/5/2022 08:38

https://www.directorstalkinterviews.com/jubilee-metals-group-deliver-a-new-large-sustained-company-video/4121065032

[sb] 17/5/2022 08:31

I wouldn't be at all surprised if there isn't an inflow of cash from SLP and THS into JLP... we are leaving them standing in terms of development. Directors Talk video: hTTps://www.directorstalkinterviews.com/jubilee-metals-group-deliver-a-new-large-sustained-company-video/4121065032

[frogkid] 17/5/2022 08:22

Thanks BB2

[gsg] 17/5/2022 08:11

Also forgot to mention. From memory, Leon said approx 10 month build time for the eastern limb refinery.

[sb] 17/5/2022 08:08

Bullster's gone very quiet all of a sudden.....

[sb] 17/5/2022 08:07

BB2, with regard the PGM costs, the Chrome credits reduce that: "On a chrome by-product credits basis, Jubilee's net cost to produce an ounce of PGM during Q1 CY2022 was US$ 433 per ounce excluding transport costs of US$ 198 per ounce, which transport cost will be reduce significantly once the Company's eastern limb expansion strategy to establish a PGM processing footprint in the eastern limb is successfully implemented". Depends how you look at the Chrome revenue.

[gsg] 17/5/2022 08:04

Forgot to mention, that there are a couple of interviews to come from Leon. Hopefully today.

[billyboy2fromiii] 17/5/2022 07:17

Morning, Just a few thoughts following yesterday. Firstly, I though the RNS was very good. Lots of info. The criticism being that it could have possibly been spread out over a few RNS to help newsflow etc. Secondly. the GM was very useful. Despite video link, LC spent approx an hour and half presenting and answering questions. I would certainly encourage shareholders to attend the AGM if possible. My key observation...... The PGM target plan seems to be an additional 20,000 PGM oz pa from an Eastern Limb facility. Added to the 44,000 to 45,000 PGM oz at Inyoni would give a total 64,000 to 65,000 PGM oz pa (both 100% owned with no 40% JV share deduction). The RNS stated "in advanced discussions to secure an existing mothballed PGM footprint...). Leon stated "during 2023" as regards end of JV so hopefully if all goes to plan by the end of 2023 we could be a 65,000oz PGM producer (100% owned). I must admit that I have not fully understood the impact that this Eastern Limb facility will have on the current short term transport costs.... As regards the transport costs... The RNS states transport cost currently ($198 per PGM oz). This transport cost included trucking 20,000 tonnes per month (out of total 86,000 plus 40,000 tonnes pm throughput) 450km. An Eastern Limb facility would reduce this distance to approx 40km. The current cost of this additional 410km is (for accounting purposes) being charged against ALL PGM oz produced, increasing cost by $198 per oz from $669 per oz to $867 per oz. Stripping a significant part of this additional transport cost out (obviously there will still be some transport cost incurred) and increasing production to approx 65,000 PGM oz per annum (100% owned) is an exciting thought for late 2023! That is obviously just the PGM. Not to mention the copper, cobalt...... VERY happy to be invested here. BB2.

[dcarn] 16/5/2022 23:41

Appreciate the updates guys.

[undertaker] 16/5/2022 21:32

thx for the report BB2

[frogkid] 16/5/2022 21:14

Many thanks to BB2 and SharehunterATBFrog

[the_isolator] 16/5/2022 21:13

thanks sharehunter and billyboy,

[gsg] 16/5/2022 18:45

Also, the new chairman is likely to be London based.

[billyboy2fromiii] 16/5/2022 18:09

Today's presentation. https://jubileemetalsgroup.com/wp-content/uploads/2022/05/20220313-Jubilee-March-Roadshow-FINAL.pdf

[billyboy2fromiii] 16/5/2022 18:07

Here is a link to today's presentation dated March 2022. https://jubileemetalsgroup.com/wp-content/uploads/2022/05/20220313-Jubilee-March-Roadshow-FINAL.pdf BB2

[billyboy2fromiii] 16/5/2022 18:05

CONT.. CB steps down end of June. Seems that new chair identified and in final stages before announcement soon ? Discussions that communications need to (and will) improve !!!! Cyprus taken back seat but about grades not quantity. Final results re r&d received couple of days ago. Results on table and will notify market. Southern Zambia cobalt comm July 22. North, 18 months. Cost of copper gone up (acid very large rise) but due to "selective leeching" which reduces the amount of acid required inc about 30% (?) now approx $5,000 per tonne. Transport of Eastern Limb to Inyoni 450km. Would be reduced to 40km (significant reduction in transport cost) when new facility available (would take 8-10 months to launch). As regards today's vote on share issue. LC stated "no real target but prudent to have option/flexibility. No target to issue stock but must ensure have the option. Cannot see need". Will commit to quarterly update statements but not full quarterly reports. Tjate. Renewed interest in large platinum. Target is to not use Windsor JV with PGM production from Inyoni and Eastern Limb facility. End JV in 2023. Not efficient use of resources. Zinc prices are up and discussion now whether to re-activiate or not. To do zinc must extract lead. Must be extra cautious with lead. In partnership with World Bank re lead in Zambia. Third party zinc mines are desperate for access to processing facility. Vanadium back on radar. Apologies if this is a bit jumpy from one subject to another but that is the way the questions were answered. As stated, this is based upon my own understanding and is based upon my hand scribbled notes, so apologies for any errors in my summary. Please do your own research !!!!!!!!!!!!!!!!!!!!!!!!!!! BB2

[billyboy2fromiii] 16/5/2022 18:04

Sharehunter, You have posted a very good summary. A few snippets from my notes (please note that this is my understanding of what was said at meeting) ...... On a recent site visit, Berenburg (amongst others) "blown away by size" Last year's capital costs would now cost 35% more (so good that we built last year!) Presently transport approx 20,000 tonnes per month from Eastern Limb to Inyoni. Looking to purchase decommissioned facility which would add 20,000 oz pa PGM to the existing 44k-45K oz pa from Inyoni PGM. Already secured clients, waste, materials. Purchasing decommissioned facility would be quicker and cheaper than new facility. Northern Zambia Refinery potentially much larger than the stated 15k tonnes pa copper. Looking for/in talks. Use leverage for primary funding. Africa dominates quality of waste. Must be good to better Zambia but DRC better than Zambia.l New Chairman update overdue.

[21ant] 16/5/2022 16:29

https://jubileemetalsgroup.com/wp-content/uploads/2022/05/Operational-Update-16-May-2022.pdf

[dafrog] 16/5/2022 16:27

Excellent sharehunter. I've attended many jlp meetings but unable this time. Appreciate your briefing.

[2vdm] 16/5/2022 16:24

Have I missed something here? I thought that was a great RNS and yet the reaction appears to be muted. What will it take to make this fly?

[thesharehunter] 16/5/2022 15:55

I’ll try

[frogkid] 16/5/2022 15:53

Do you mind posting this on the other place ?