Jubilee Metals Share Discussion Threads

[choppernoel] 26/6/2019 13:11

Equivalent RNS from jubilee is IMMINENT

[sleveen] 26/6/2019 13:09

Presumably a deal has been done?

[goingforarun] 26/6/2019 13:08

Do find it odd that this has come out with no equivalent from JLP. After all, we may not want their ore? Unless, of course, the price is right?

[choppernoel] 26/6/2019 13:04

English words used so far by Leon stalling operations in the past: imminent, due shortly, final talks, finalising talks, still in talks. PLEASE TRY USE DIFFERENT WORDS WHEN U EXPLAIN THE NEXT DELAY FOR PLATCRO PGMS AND DCM LICENCE

[gsg] 26/6/2019 12:54

So Galileo has publicly shown Jubilee its hand. Surely the new institutional shareholders of Jubilee will not allow a mates rate deal. Leon should be able to screw Galileo to the boards with the resulting off take agreement.




Colin Bird, Chief Executive Officer, said: "This initial JORC-compliant resource estimate confirms the previously announced Exploration Target and the Company's publicly announced* presence of a high grade zinc component in the deposit suitable for direct shipping to the Jubilee Metal Group plc's zinc process/refinery plant at Kabwe. The MRE clearly identifies an easy access near-surface mineable zone with a low stripping ratio of one to one. There will be no requirement for processing equipment other than possibly a mobile primary crusher. A low grade portion of mineralised material remains an exploration target and may be amenable to preconcentrate/upgrade to about 10% Zn either as DSO or blending, pending further test work and method development.

The MRE will allow for a 6-year life-of-mine small scale operation to produce rock mass of only 5,500t/month containing 12,000 t zinc metal per year to Kabwe. While in-house attributable revenues are projected at about USD15 million annually at current price, the annual all in cost is projected not to exceed to USD2 million.

[choppernoel] 26/6/2019 12:47

June ends on Friday Leon. Are u going to use a new English word to describe the delay?

[adejuk] 26/6/2019 12:08

all buys today but small
still could see ano .05 by close

[choppernoel] 26/6/2019 11:59

fire alarm code now

[goldibucks] 26/6/2019 11:51

“the only thing we would need capex for at the moment is for snapping up GLR.” I can see JLP ending up with equity in GLR as part of agreeing the offtake arrangement.

[plat hunter] 26/6/2019 10:33

*correction.... out of cashflow, not capex

[plat hunter] 26/6/2019 10:32

Agree Bill.. the only thing we would need capex for at the moment is for snapping up GLR.Given that it is highly unlikely we would outright buy GLR for sake of saving on mining risk and their negligible market cap. I would assume that any deal would just come out of capex.

[sleveen] 26/6/2019 10:29

Bill

Next results are FY to 30th June 2019.

[gsg] 26/6/2019 10:15

Feels like we have been waiting centuries since the Hernic start up, and for JLP to fulfil its investment potential.

[billthebank] 26/6/2019 10:01

Wont be long before we have the half yearly report Hopefully that will be a lot more enlightening

[goldibucks] 26/6/2019 09:57

“an RNS is going to drop one day that will blow this out the water”. I think there will be a series of RNS announcements in calendar H2 that will push the price up a little bit at a time. I’m not expecting a blockbuster announcement. Need to get PlatCro PGM processing started to begin with.

[choppernoel] 26/6/2019 09:54

lockout code?

[choppernoel] 26/6/2019 09:46

fire code?

[goingforarun] 26/6/2019 09:25

Frogkid, certainly hope this does start to move as Kabwe comes online (or even better before). The small movement over the last couple of days has been useful, hopefully this will continue!

[frogkid] 26/6/2019 09:11

Goingforarun26 Jun '19 - 09:05 - 12653 of 12653

didnt know what else to say!

[billthebank] 26/6/2019 09:10

Our brokers have Stated that dilution risk is minimal here!!! We have a huge facility in the background and any further dilution will be value accretive IMO.if the price of chrome PGMs Palladium egg rise this could easily test double figures inside the next 12 months Caveat Emptor

[goingforarun] 26/6/2019 09:05

Frogkid, I think this has been said for years. Normally major RNS’s sink the share price because of the placing risk!

[billthebank] 26/6/2019 09:05

What Tjate which in our!Brokers note is worth nothing!!!!! Revisited their 38 psge report today and every time I read it I think WOW!!!!

[choppernoel] 26/6/2019 08:24

That say is imminent

[choppernoel] 26/6/2019 08:21

Or sink the boat

[frogkid] 26/6/2019 08:14

an RNS is going to drop one day that will blow this out the water. One day.