Jubilee Metals Share Discussion Threads

[kryptonsnake] 20/2/2019 19:12

WRES will be making 2 million a month this year from one mine alone. Maybe 3 million a month if they get their Portugal mine online

Spain and Portugal are much safer lands than South Africa

[nelson01] 20/2/2019 19:02

Yes by the end of Q2 if PLatcro is producing similar to Hernic then we should be
Comfortabley making 2 million per month profit.

[goldibucks] 20/2/2019 18:38

“but the next quarterly update is going to be a blockbuster. DCM and Hernic started slowly. We’ll need to wait until Q2 to see real progress.

[nelson01] 20/2/2019 18:19

Like Lota says, we might have to wait until April for the official numbers but the
Next quarterly update is going to be a blockbuster.

[nelson01] 20/2/2019 18:17

Bullster correct me if I’m wrong but that 120 usd increase in the basket price since
January means about 250,000 usd per month of pure profit over and above what Jlp are already making. That’s about 3 million per year straight to the bottom line.

[plat hunter] 20/2/2019 18:09

Agree Losta..

JLP have noticeably changed how they communicate with the market over the last 12 months and that is to expect updates as quarterly operational updates.

Exciting that Leon's rhetoric over the last 12 months is now starting to be repeated by those supposed courted big boys.

[fireball xl5] 20/2/2019 17:54

Zinc stocks continue to deplete, LME now at 2007 levels, Lead also near lows.

[lostabillion] 20/2/2019 17:48

Just keeps getting better Bull.

Only a matter of time before this turns north at a decent pace ;-)

The April update will be the catalyst unless an unexpected RNS hits first.

[bullster] 20/2/2019 17:12

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PRILL

PLATINUM = 49%, @ $830 = $406.7
PALLADIUM = 40%, @ $1466 = $586.4
RHODIUM = 9%, @ $2510 = $225.9
GOLD = 2%, @ $1344 = $26.9


PGM BASKET PRICE PER OUNCE

12/12/2018 = $1,120
07/01/2019 = $1,155
11/01/2019 = $1,162
17/01/2019 = $1,171
18/01/2019 = $1,188
29/01/2019 = $1,164
31/01/2019 = $1,185
13/02/2019 = $1,184
16/02/2019 = $1,207
18/02/2019 = $1,217
19/02/2019 = $1,232
20/02/2019 = $1,246
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[choppernoel] 20/2/2019 17:01

Leon is in no hurry to update his shareholders. Why should he? For Leon, shareholders are just his little pawns. Mr Big Leon has never understood or practised shareholder growth. Talking big doesn't change the share price. Wake up Leon

[tullynessle] 20/2/2019 14:56

There are usually good business opportunities from clearing residues from the activities of industrial majors, e.g. Oil & Gas, Mining etc.

From their document RioTinto appear committed to such activity, noting their words, "Tailings cover large areas of land and with careful remediation and management could be used for agriculture or to site renewable energy facilities."

With the second Vale disaster highlighting a problem that may be common to a number of sites, and perhaps bringing tailings dams themselves under scrutiny, then there may be widespread support for general remediation; noting also, that international monies may be available in part, for such activity.

Perhaps, JLP as a "tailings treatment expert" could participate as a niche consultant / contractor?

[bullster] 20/2/2019 14:22

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Tullynessle,

Nothing a very very large pond liner can't sort out.

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[tullynessle] 20/2/2019 14:14

I suspect that the management, financial, reputation and life threatening risk of doing nothing about tailings storage, may have become too expensive for many miners after the Vale disaster.

[tullynessle] 20/2/2019 14:09

Opportunity for JLP to operate as a Contractor or Partner?

It's likely that most miners will be contemplating the same remediation activity.


Extract:

"Exploring the opportunities

Tailings cover large areas of land and with careful remediation and management could be used for agriculture or to site renewable energy facilities. There is also potential to reuse the material itself, by reprocessing the tailings to recover by-products. We are exploring the potential reuse of bauxite residue (or red mud) to extract minerals and metals and provide building materials"





RioTinto

Tailings


Responsible use of the world's resources is key to a sustainable future for all. Land degradation threatens countries' security and development. Between 1998 and 2013, one fifth of the Earth's land surface that is covered by vegetation showed declining levels of productivity.

We, in the mining industry, contribute to a more sustainable world through providing the materials essential for human progress in a responsible way. Part of that is how we manage the waste from mining operations.#

Continued......

[tullynessle] 20/2/2019 14:05

Perhaps not only Environmentalists




RNS Number : 6434Q
Rio Tinto PLC
20 February 2019

Rio Tinto releases details on all tailings facilities

20 February 2019

Rio Tinto has today disclosed detailed information on each of its global tailings facilities and published both the company's Group Procedure and its Standard for 'Management of tailings and water storage facilities' at www.riotinto.com/tailings.


New Release continues......

[freedom97] 20/2/2019 13:40

The Environmentalists should be happy Jubilee will be cleaning up the area:

[bullster] 20/2/2019 13:37

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I hadn't seen it before, some interesting bits in it.

Ta Goldibucks.

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[goldibucks] 20/2/2019 13:30

I think you’re right. Rehashed older article.

[bullster] 20/2/2019 13:29

Thanks, Goldibucks.
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Patrick Kingsland caught up with Jubilee’s business development manager, Gareth Owen, to find out more about the task at hand.

Building a wider industry from waste material recovery




The original owner of the Kabwe project was Berkeley Mineral Resources (BMR), but Jubilee has since gained full control of the zinc, lead and vanadium project, increasing its interest to 87.5%.

According to Owen, processing the tailings at Kabwe is only the start for Jubilee, which is looking to build an entire industry in the country out of recovering historic surface mine waste material.

“What makes the Kabwe project interesting from our perspective is that Jubilee is really looking to build an industry out of recovering this mine waste material,” says Owen. “And when I said build an industry I mean international, multi-commodity, mine waste material recovery.

“The Kabwe project marks Jubilee’s entry into Zambia but we have further plans. We are looking at a few copper-cobalt projects in Kitwe (the second largest city in terms of size and population in Zambia), which has been slightly behind economically recently.”

full article:-


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[1madmarky] 20/2/2019 13:24

I'm sure I've read that report before. Some one doing a poor job of plagiarism?

[deme1] 20/2/2019 13:20

Market just waking up to the monster RNS at SKIN this morning

Plat woke up to a long piece of skin this morning also