Jubilee Metals Share Discussion Threads

[timhigginson] 21/8/2019 18:41

Plat,

CB & LC make a joint announcement about BMR and the very next day have to tell everyone OOPS BMR does not have the licence it was canceled a month previously. As the licence had already been lost why did JM need BMR at all, JM could have walked away at that point. Who else was going to step in? Anyone interested could have themselves approached the ZG at any time in the month after the lapse and bid for the licence: however nobody did.

[niloc4] 21/8/2019 18:34

Colin is the king of throwing the shareholders under the bus. Leon drives the bus

[bullster] 21/8/2019 18:28

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bookwormrobert,

After looking over the GLR RNS more closely, it would appear that my figures are spot on.

Colin quotes in house revenue as being $15m per year for 6 years or $90m. I take it that in house includes the Zambian governments 5%.


77,000t of Zinc metal @ $2,225 per t

= $171,325,000

Cost to produce 35%

= $59,963,750

$111,361,250 GROSS PROFIT

80% GLR/ZGOV = $89,089,000
20% JLP = $22,272,250



from the GLR RNS

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.

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[deme1] 21/8/2019 18:21

i for one believe everything colin says!

[gsg] 21/8/2019 17:59

sleeven : I have asked Colin that. He replied categorically "no"

[sleveen] 21/8/2019 17:10

A loan like BMR.

[deme1] 21/8/2019 17:07

MM1

Maybe

i wonder if that would involve us footing the bill to get the project up and running

[1madmarky] 21/8/2019 17:03

😂😂😂😂8514;😂

Maybe now we will get this deal out the way.

[lostabillion] 21/8/2019 16:59

CRRVF - who was it that said this was worth watching?

I put it on my watch list, glad I didn’t buy any!

[bullster] 21/8/2019 16:39

.
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For those playing along at home.

London Metals Exchange/ ZINC Futures

Dec 2020 $2232.00
Dec 2021 $2222.00
Dec 2022 $2207.00




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[bullster] 21/8/2019 16:14

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STAR ZINC

77,000t of Zinc metal @ $2,225 per t

= $171,325,000

Cost to produce 35%

= $59,963,750

$111,361,250 GROSS PROFIT

80% GLR/ZGOV = $89,089,000
20% JLP = $22,272,250

.
.

[fozdad] 21/8/2019 15:35

Time for another projects update? Windsor PGMs are due to be produced any day now and time to give us some official news about the Star zinc tie up

[kryptonsnake] 21/8/2019 15:27

don't say roll over near this dog


LOLsss

[freedom97] 21/8/2019 15:26

deme, the 450k is a rollover.

[kryptonsnake] 21/8/2019 15:23

Good news for who? Galileo 12% up today

Jubilee doing the dog crawl


LOLsss

[deme1] 21/8/2019 15:21

And on that so called big news, we have a big sell.

#no-one-cares-anymore

[lostabillion] 21/8/2019 15:17

Ahhh, double snap!!!

[lostabillion] 21/8/2019 15:16

Keep the good news coming ;-)

Colin Bird, Chief Executive Officer, said: "This Technical Report and JORC-compliant resource estimate confirms the company's publicly announced* presence of a high grade zinc component in the deposit suitable for direct shipping to Jubilee Metal Group plc's zinc process/ Sable refinery plant at Kabwe.

[the bull] 21/8/2019 15:15

lots of lovely zinc at high grades, anyone know for an ex stock cheap primary crusher

[sleveen] 21/8/2019 15:05

Colin Bird, Chief Executive Officer, said: "This Technical Report and JORC-compliant resource estimate confirms the company's publicly announced* presence of a high grade zinc component in the deposit suitable for direct shipping to Jubilee Metal Group plc's zinc process/ Sable refinery plant at Kabwe

Not only but also...

We intend to apply for a mining permit and to target mining to start as near as coincident with the start up of the Kabwe tailings project."

[freedom97] 21/8/2019 15:02

From todays GLR RNS:

"Colin Bird, Chief Executive Officer, said: "This Technical Report and JORC-compliant resource estimate confirms the company's publicly announced* presence of a high grade zinc component in the deposit suitable for direct shipping to Jubilee Metal Group plc's zinc process/ Sable refinery plant at Kabwe."