Jubilee Metals Share Discussion Threads

[1madmarky] 09/5/2019 07:31

Project earnings now £1m per month. With the fine chrome still winding up and PlatCro PGM starting this month. It's going in the correct direction. So I'm happy.

[goldibucks] 09/5/2019 07:21

Disappointing results. Earnings £0.2m below my forecast. Monthly run rate only slightly up on previous Jan and Feb announcement. Can only assume DCM fine chrome ramp up dragged down earnings. They are now unhelpfully reporting chrome results in a single number. Presumably trying to conceal DCM fine chrome losses. Say ramp up will continue into Q2 for DCM fine chrome. They are only going to be providing full updates every 6 months now with more frequent single project updates. Apparently, the institutions agreed that since they obviously get as much information as they need prior to announcements anyway. No update on April provided. Pretty dire reporting considering how long we’ve waited. On the flip side, an excellent quarter if your look at it completely on its own and ignore the reporting shortcomings and lack of progress in March. BMR have sold their shares, we already knew that.

[21ant] 09/5/2019 07:12

BMR out then

[plat hunter] 09/5/2019 06:59

Leave it out John. Wasting your time on this board

[johncasey] 08/5/2019 22:27

anyone seen the ECR news? could be bigger than Greatland's find and in a much better area victoria

Of the 17 holes drilled the Company has identified gold mineralisation in all holes so far with grades in 9 holes ranging from 0.6 g/t gold to 44.63 g/t gold (1.44 oz per tonne);
Technical review of the drill programme and assay results has confirmed elements of the complex geology at Creswick and confirmed that the gold mineralisation is ‘nuggettyâ̈́4;™ in nature

Craig Brown, Chief Executive Officer commented: “The work we are undertaking at Creswick is highly exciting given the transformational potential this large footprint gold system offers.

The question we have to answer is how much gold does the DMS hold that would be amenable to a bulk tonnage gold mining operation. We are closing in on the answer and the directors believe that the outcome has the potential to be Company transformational and is therefore deserving of our close attention.

We eagerly await the findings from the whole of bag gravity concentration work and will report back to the market as significant developments occur.â€

[1madmarky] 08/5/2019 21:07

PH. Repeat the same for DCM .

[bullster] 08/5/2019 20:47

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Transport costs for material from Platcro to Eland are $3 per tonne.

"Low value" subjective to how much upgrading has occurred.

( 20 mile round trip )

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[kennyp52] 08/5/2019 20:42

If tailings are low value then surely there is a substantial transporting cost ? Or is this absorbed into a profit share arrangement ? Where is this RNS ?

[bullster] 08/5/2019 20:41

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Tailings reprocessing is a short term boom, in the local vicinity of the material.

The "big boys" have been using the same methods with their ore as we are doing with tailings, but they've been doing it for longer.

The "big boys" won't get into tailings, they outsource it because it is low grade and a short lived activity.

The "big boys" only provide one years work to a tailings company for 20 years of their operation.

Once you exhaust the dump you have to cut your tailings processing by 19/20th's.

You need to understand mining before you can understand tailings reprocessing quantities.

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[plat hunter] 08/5/2019 20:02

Agree Robers..100% speculation but Northam have publicly declared their desire to acquire network collection and JLP are now working alongside them an Eland.Now if JLP where to capture all the fine chrome work in and around platcro then who knows?

[gsg] 08/5/2019 19:37

FTSE 100 would be great, but won't we all be brown bread by the time that happens.

It would be nice to enjoy the rewards.

Colin would be about knocking on about 120 by then.

[robers98] 08/5/2019 19:37

I think you will find any recent processes are SLP copying what we do.

The team put together and led by Leon use their knowledge and tailor the solution to the project. When the majors were making cuts the technical teams took a hit.

Shareplans in place for staff to keep the important people loyal to JLP. Eventually if each project is large enough teams will have to be place to run the plants individually. This is going to be a whole new ball game very soon. Imo

[plat hunter] 08/5/2019 19:05

It's all off the shelf stuff, the difference is what you can get out of it.

Leon took the idea from SLP who use the same process but with varying degrees of efficiency.

Most big boy's don't have an appetite for tailing's as they see it as a distraction from their main activities. As well as the cost risk of not being able to achieve said efficiencies to make it worthwhile.. Much much easier to pay an administrator to do the stuff you're too busy for when you're running a business. Project costs are underwritten by JLP and Riverfort and recoverable from project earnings prior to any profit share.

The big boy don't even have to put their hand in their pocket to access their own tailings to reduce their average basket costs and JLP get their capital back risk free if they achieve the efficiency that they say they will. Each project will be individually assessed on that basis...It's genius :-P

Hence why you'll here me say that Leon is the business here and the biggest risk is Leon dropping dead. SLP could have been in this position now but they're happy with their mine and are now in terms of networking 3 years behind JLP.

[deme1] 08/5/2019 19:03

Kenny

No one is stopping them from doing it.
But over the years JLP have mastered the method of separating the metals.
Which has now moved from just PM's to other metals. Just listen to the last presentation. JLP's fine chrome process can extract minute particles of chrome that others still discard to this day.

[kennyp52] 08/5/2019 18:46

So does Jubilee have some kind of patent over their methods to remove PM from the tailings ? What is stopping the big boys setting up their own plants ? Just asking

[goingforarun] 08/5/2019 17:31

It’s definitely a keeper, would just be good if we see the recent rise continue rather than going into drift mode again!

[billthebank] 08/5/2019 17:24

I have to say I am holding till 15p plus.Then I will review depending on the position at that time..This share is a keeper.Surely you can see that?

[deme1] 08/5/2019 17:21

The Bull

are you immortal?

Just kidding 10 bagging if we do not get taken out

[the bull] 08/5/2019 17:08

me = 30p but will review that if we get there

[the bull] 08/5/2019 17:08

last man holding eh, Deme will have jumped ship long before

[lostabillion] 08/5/2019 16:50

No doubt one or two institutions will be happy to mop up more pi shares as the year goes on.

They’ll have to offer upwards of 40p per share if they want mine!

No doubt they’ll snap up your shares Deme at some point in the near future if you’re willing to let them go for 8p.

[deme1] 08/5/2019 15:47

I would take 8p for all my share today..

BUT if i have to wait 12 months then they would need to atleast double that offer ;)

[bookwormrobert] 08/5/2019 15:28

I don't think we're at a high risk of a takeover yet - that is, if you can call getting taken over at a premium price a "risk" at all.
I think any buyer will want to see more proof that Jubilee's business model actually works as advertised. So, I think the mining majors will take a good look at Jubilee's audited numbers when they appear later this year. But I don't think they will launch a takeover bid until after they see the first numbers from Kabwe (in 2020).
One of the joys of being a big company is that you can afford to wait until something is clearly successful, and then pay top dollar for it. You don't need to be in a hurry.
Hopefully, by early 2020 the share price will be at least double today's price. It really should be!

[frogkid] 08/5/2019 14:50

The takeover risk is increasing considerably as more insti become involved. When the company was largely owned by individuals it was more difficult to gain a controlling interest. I would like to see us at 6-8p before the vultures start to swoop. That way we might see 10-12p in a TO.