Jubilee Metals Share Discussion Threads

[bullster] 16/3/2019 10:39

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AcesHi,

I don't mind any de-ramping, so long as it has some substance to it.

Well done.

But...... you can't deny that Hernic is a good investment with Q4 figures showing a £2M profit and Q1/19 predicted to be £3M.

and that Platcro is set to better Hernic with no expenditure on froth floatation.

and Kabwe will blow the doors off.

p.s. i put you in big bold to get you over here on the "reasonable board". ;-)

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[plat hunter] 16/3/2019 10:07

His approach and comments are child like in sophistication.He'd fit in better at the bookies imo

[aceshi] 16/3/2019 10:02

Well if nothing else, I made the headlines......... Cheers Bullster

[sleveen] 16/3/2019 09:56

mdalos1 has sadly lost over 50% in 2 days in RED.

So comments on JLP should be taken with a bucket of salt.

[bullster] 16/3/2019 09:55

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AcesHi, a prime example of a perceived de-ramper.

He or she, is an example of my, "no filtering of any avatar policy".

I can ignore the outright ludicrous posts, but AcesHi who challenges the rose tinted view, has posed the type of questions lately that are credible of making me to take a second look.

I did a post about the potential profit of PMG's at DCM using Jubilees RNS'd figures of 800,000t of tailings containing approximately 74,000 PGM ounces. Yet when i compare how many PGM's out of the tailings at Hernic, the figure is half in comparison.

Is there a reason for this discrepancy..... i don't know, but it's something to keep investigating.Hernic figures are good and getting better as metal prices rise.At 500,000t/year tailings depletion for £8M/year profit 100% to JLP on Q4/18 figures, 3.3Mt tailings dump plus fresh arisings, that's 7 years to catchup. There's been a ramp up period but let's say £58M profit @ 100% to JLP less £13M investment equals £45M up to catchup point.

I always say that "business decisions happen for a reason", PGM's delayed at DCM is a point in case .


Rhodium hit $3,000/ounce and our basket price is up at $1310/ounce.


p.s. sorry if i'm rambling.
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[plat hunter] 16/3/2019 07:54

Aces.Like i said.. individual investors are to gauge the opportunities for themselves to ensure that any investment is aligned to their own expectations and attitude to risk?Thanks for your insight though...much valued as always.

[aceshi] 16/3/2019 05:54

Sure, but we are discussing JLP and "jam tomorrow" (because essentially that is what the potential 43mil relates to) Bearing in mind that, to date, most of the figures thrown around on these boards have fallen well short of their predicted targets. We need to be careful of investors "own valuations" appearing to be a factual representation of what will eventually play out, on the ground. Hence the questioning of the figures used as the basis for a "personal estimated" valuation of the stockpile.

[yangou] 15/3/2019 22:44

so what would expect if the price of platinum were to shoot up higher?

[goingforarun] 15/3/2019 18:29

And the share price continues to fall!

[lostabillion] 15/3/2019 17:22

Evening all.

Off the yacht for the next two weeks as Kite surfing and windsurfing takes presidence on the Island of Zanzibar.

Spotted this whilst witnessing another spectacular sunset earlier, ENJOY......

Gold, Silver, Platinum To Follow Palladium's Rally - Bloomberg Intelligence
Anna Golubova Anna Golubova
Thursday March 14, 2019 22:14
Kitco News

Gold, Silver, Platinum To Follow Palladium’s Rally — Bloomberg Intelligence
(Kitco News) - The precious metals space will soon be reawakened by palladium’s rally, with gold, silver, and platinum prices heading higher, according to Bloomberg Intelligence (BI).

“The precious metals market is about to resume a rally, in our view, on the back of a surge in the palladium price,” BI’s senior commodity strategist Mike McGlone wrote in his March report. “For the first time in five years, the Bloomberg Precious Metals Spot Subindex is poking above its 72-month average. It may be a better bullish broad-market indication if the recent visit above $1,500 an ounce in palladium marks a peak.”

Palladium broke the $1,500 an ounce level for the first time in the end of February, with June palladium futures last trading at $1,513.20, down 0.09% on the day.



A pattern in which the precious metals follow palladium’s lead has already been established, McGlone pointed out.

“Platinum, silver and gold embarked on decade-long rallies shortly after a similar parabolic palladium rally and peak in 2001,” he said. “History is likely to repeat, as we see it. The precious metals index is just recovering from the halfway point of that rally, with platinum the most unloved, similar to 1999. The platinum discount to palladium appears to be unsustainable.’;

Platinum and silver have the most upside potential, with the former looking ready to test the resistance level of $1,500 an ounce, BI pointed out.

“That level is the recent record high in palladium, but only the halfway mark of the 2008-09 bear market for platinum. At the bottom of that range now, with the palladium-to-platinum ratio extending the 2001 peak, we think platinum is ready to take the bull market baton,” noted McGlone.

Silver has room to rise above $16 an ounce and test the resistance level around the $18 level, the strategist added.

“Silver hasn't sustained above this mean in almost two years. What's different now is a potential peak dollar and mean reversion from the extreme at last year's lows,” McGlone explained.



Gold is also looking interesting with “peaking”; U.S. dollar and strong gold ETF inflows defining the space at the moment.

“Gold ETF investors appear unstoppable, collecting ounces last equal to about $1,460,” the strategist wrote. “Up almost 60% since the Federal Reserve's first rate hike this cycle, the percentage increase in total known gold ETF holdings is more than double that of the spot price. Such a disparity last occurred about a decade ago, shortly after the inception of gold ETFs (2004) and coincident with the financial crisis.”

Other significant gold drivers include increasing U.S. budget and trade deficits, more stock-market volatility, and uncertainty surrounding the U.S. 2020 elections, the report added.

By Anna Golubova
For Kitco News

[plat hunter] 15/3/2019 16:31

That's correct Aces but how is that any different from one company to the next?

Investors attribute their own valuations to gauge whether an investment is right for them, no?

[aceshi] 15/3/2019 16:21

I get itThe point in question is the valuation of this "Implied attributable earnings" If realistic figures for the value added, end product are not factored in with your calcs, ie using an average market price that is currently being paid, for a similar quality, of end product, the figures easily become extremely distorted.

[choppernoel] 15/3/2019 16:05

and they let him go.

[goldibucks] 15/3/2019 15:41

“Anglos only deal with competent leaders and promising companies.” Anglo must have thought Leon was competent when they employed him for 20 years.

[choppernoel] 15/3/2019 15:23

I wonder what CAN Mr Leon will kick down the rd on the release of the next RNS. He's the best CAN down the rd kicker in the industry. That's all he seems to be good for. That, and also destroying a companies share price. BHP and Anglos only deal with competent leaders and promising companies.

[plat hunter] 15/3/2019 11:53

You're embarrassing yourself, over other peoples conversations

[gsg] 15/3/2019 11:22

Sylvania move their kit around to different locations when it suits.

[plat hunter] 15/3/2019 11:14

I think that would definitely depend on the capacity of the plant and the stockpiled material. Having second hand equipment as you say, on hand that can be adhoc deployed and moved around for short term projects could be quite a boon to operating cashflow.

[bullster] 15/3/2019 11:03

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PH,

Very easy to dismantle the metalwork, the buildings may be less so and the foundations and groundwork will have to be done afresh.

If we look at Hernics £12M-£13M price tag, let's say £6 was for actual physical items.

After wear and tear, £4M saving ?

Would you rather run new plant rather than clapped out, for the sake of £4M ?

I would , the extra reliability alone would help recoup the difference.

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[freedom97] 15/3/2019 10:48

The Bull, maybe the company is waiting to sort out Kabwe etc., before commissioning broker to do a broker note, makes sense really.

[the bull] 15/3/2019 10:40

nelson, the last broker note was in 2016, I don't understand why the company cannot commission the current broker to do one. The story/predicted figures are so compelling. They talk about stepping up the PR

[plat hunter] 15/3/2019 10:33

These turn key processing solutions that JLP and others are now using though, are they not like giant Meccano Sets?

How easy is it to take them down, move to somewhere else and rebuild?

[bullster] 15/3/2019 10:21

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nelson01,

Give over, lol.

Makes me wonder why has Leon not pushed to get government permission to process the PGM.

Is it because by delaying, the profit potential could be doubled compared to starting 4 years earlier ?

Or is it because if a plant was built to process 2,500 PGM ounces per month, 30,000 PGM ounces per year, those original 74,000 PGM ounces would have been extracted in just about 2.5 years ?

Once the plant devours the stockpile it is then relying on just fresh arrisings and 3rd party ore, not enough to keep a 2,500 PGM ounce per month plant fully employed.

Can you see the logistics, now ?

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