Jubilee Metals Share Discussion Threads

[on target] 26/6/2019 19:37

According to today's RNS, GLR will have some $80m in net revenue over the 6 years. That's a lot of cash to plough into its other assets or put to other uses, and I don't think the market cap is going to be anything like the current £2m, do you?

[plat hunter] 26/6/2019 19:21

*if he does say

[plat hunter] 26/6/2019 19:18

Colin's holding in GLR represents a marketing gift for raising capital. People should consider his holding in JLP at vastly multiplied mcap with 70 million ebitda by 2022.Don't be surprised if he doesn't say "GLR who?"

[plat hunter] 26/6/2019 19:05

I think he stands to make much much more on a project royalty basis considering his overall interests.Not withstanding the fact the GLR is not in a sustainable position. Their hand is very week.

[choppernoel] 26/6/2019 18:58

At the moment the jubilee shareholders are continuously getting washed out. Rinse and Repeat. Shareholder money is being wasted down the drain

[on target] 26/6/2019 18:57

I doubt CB will rinse himself. He stands to make a lot more at GLR than here if things proceed as in the RNS.

[plat hunter] 26/6/2019 18:45

JLP have already set the precedence, GLR are going to get rinsed out.

[kennyp52] 26/6/2019 18:12

Blah blah blah

[sleveen] 26/6/2019 17:33

Placing ahoy at GLR?

[gsg] 26/6/2019 17:31

"I cant predict total payability because discussions are still in place, but you are looking at a model which should generate 15 to 16m dollars of revenue."

Looks like Colin is talking before the deal has been confirmed.

[bullster] 26/6/2019 17:27

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Star Zinc.

The Mineral Resource Estimate will allow for a 6-year life-of-mine small scale operation to produce rock mass of only 5,500t/month containing 1,000 t zinc metal per month to Kabwe.

While in-house attributable revenues are projected at about US$15 million annually at current price, the annual all in cost is projected not to exceed to US$2 million.

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[deme1] 26/6/2019 17:22

Peeps on the LSE board seem to think that GLR are in the driving seat with the negotiations.

Forgive me but Colin mentions that IF they needed to build a plant then the resource would not warrant the expenditure. So that leaves the only option being get someone else to process it.

Will JLP be the only viable Zinc processing option available to GLR. If so i think Colin may be in the back seat for this one.

[the bull] 26/6/2019 17:12

once the ML signed off, can you guys stay here please, I still have some accumulation to do over at GLR

[sleveen] 26/6/2019 17:04

Listening to CB sounds like it's a done deal.

Talks about "shipping up ore to Kabwe" "2hrs up the road to Kabwe"

[deme1] 26/6/2019 16:59

hxxps://audioboom.com/posts/7300246-galileo-resources-discusses-their-initial-inferred-resource-and-john-meyer-covers-resources-stocks

Colin "this resource WILL be shipped to up to Kabwe"

Good old Colin, cant keep a lid on things ;)

[choppernoel] 26/6/2019 16:17

2 days left Mr Due Shortly

[plat hunter] 26/6/2019 15:43

The costs are pretty negligible really, does sable have a crusher?

[bullster] 26/6/2019 14:34

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Here are some of the costing values, when the Star Zinc open pit option is considered in GLR's study.

Zinc price – $2,700/t (LondonMX 3 year trailing ave. to April 2019)
Ore/Waste mining cost – $6/t
Transport cost – $11/t

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[choppernoel] 26/6/2019 13:29

The only thing not a SECRET is the jubilee shareholder destruction.

[choppernoel] 26/6/2019 13:27

Jubilee always releases news last. IT'S A BIG SECRET.

[gsg] 26/6/2019 13:25

True. It'll be interesting to see when the deal is announced.

[sleveen] 26/6/2019 13:22

I doubt CB is daft enough to announce the assets and an in house indicative annual revenue and costs estimate, without have a deal in place.

[ginko3] 26/6/2019 13:17

Leon always comes across as a professional to me and while I'm sure any deal will be tilted in Jubilee's favour I'd prefer him not to screw GLR. Its a fairly small industry and word of that sort of behaviour gets around. In the longer term it would do us more harm than good.

[on target] 26/6/2019 13:11

The fact the CEO of Galileo is also the Chairman of Jubilee might help?