Jubilee Metals Share Discussion Threads

[plat hunter] 22/8/2019 19:15

yo Undie..

I don't suppose we can get the Kitco Silver price chart in the header could we? I always find myself googling it separately, no biggie but as it's an industrial metal more than it is a store of wealth, it will be more correlated to what we are looking out for here.

Only imo of course.

[bookwormrobert] 22/8/2019 18:58

Hi Tim!
I think you'll find that you've read that wrong.
Galileo are planning to mine 72,000 tonnes of contained zinc over six years - at an average of 12,000 tonnes a year. Allowing for a 90% metal recovery rate, and you are looking at revenue from Star Zinc of about $30m per year for six years (assuming 3 year average zinc prices of $2,700 per tonne).
From Galileo's own RNS's it is clear that the planned revenue split between Galileo and Jubilee is about 50/50, or $15m p.a. each.
Galileo have very low mining costs, so they may manage to achieve project earnings of over $10m per year. I think Jubilee's costs will be higher, so I reckon they will earn about $5m per year at Sable from processing the Star Zinc ore alone.
For Jubilee it is a very profitable "extra" to the main source of Sable's earnings, which will come from processing the Kabwe tailings.
For Galileo, which has only a tiny market cap of 2.4m quid, it is relatively a much bigger deal.

[nash81] 22/8/2019 18:39

when are we going up? am waiting for my 10p payback in JLP

[timhigginson] 22/8/2019 17:45

Sorry to say but I read the GLR RNS somewhat differently.

I thought it read that there are 500,000 tons of material of which 77,000 tonnes has a zinc content in excess of 2% further that 72,000 tonnes has a zinc content in excess of 8%.Thus the zinc in the 72,000 tonnes would be 5760 tonnes at todays price of $2,245 would be $12,931,200. Allowing for the extraction cost this would still leave considerably more than the GLR MC.It ought to be more as the actual zinc content will be more than the 5760 tonnes.

[adejuk] 22/8/2019 14:23

jeez
i haven't heard this sort of dialogue since i was at eton

[goingforarun] 22/8/2019 11:18

Just part of the great climb back! Lol

[the bull] 22/8/2019 10:20

A hint of blue this morning, makes a change but nothing to get too excited over. GLR down 4%, does this mean JLP have screwed GLR over the deal? na, mutually beneficial

[plat hunter] 22/8/2019 10:02

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[plat hunter] 22/8/2019 09:27

How many miles does Deme have to cover in his Prius to get that 3K back?

[plat hunter] 22/8/2019 09:17

The irony that Deme has posted immediately after that post is hilarious. Mr "this should ten bag cause i just put 3k in it" ha ha ha ha ha

[deme1] 22/8/2019 09:13

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“ I was drunk last night, apologies”. We’re you crying and burping as you were typing that? ;-) Maybe Colin will adopt you and you can go and live in his big house?
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[plat hunter] 22/8/2019 09:08

12 months and not one single post on any other stock. Just another AIM mug punter who thought he understood a company more than the ideology of risk/reward allocation, portfolio weighting and capital protection.

Hubris is the quickest route to zero in this game... How much did you lose, or have to chase before you got out Goldi?

[plat hunter] 22/8/2019 08:56

Letting yourself down Goldi.

What else are you following at the moment, anything?

[goldibucks] 22/8/2019 08:51

“Couldn’t resist snapping up some of Goldi’s shares.” In fairness, you snap up somebody’s sloppy seconds every time you’re in port. May I call you White Beard? ;-) Do you have a big treasure chest of JLP share certificates buried on a beach somewhere and a map with an X on it? 50 years from now when Tjate gets mined, readers of Red Hot Penny Shares will be searching for fragments of your map.

[plat hunter] 22/8/2019 08:36

That's an odd post Goldi are you drunk already?

[goldibucks] 22/8/2019 08:25

“ I was drunk last night, apologies”. We’re you crying and burping as you were typing that? ;-) Maybe Colin will adopt you and you can go and live in his big house?

[plat hunter] 22/8/2019 07:27

I was drunk last night, apologies

[niloc4] 22/8/2019 03:55

Tomorrow is not the only thing cuming for plat Hunter at the caravan park. So are his clients

[plat hunter] 21/8/2019 21:16

The sun'll come out
Tomorrow
Bet your bottom dollar
That tomorrow
There'll be sun!

Just thinkin' about
Tomorrow
Clears away the cobwebs
And the sorrow
'Til there's none!

When I'm stuck with a day
That's grey
And lonely
I just stick out my chin
And grin
And say
Oh!

The sun'll come out
Tomorrow
So ya gotta hang on
'Til tomorrow
Come what may

Tomorrow, tomorrow!
I love ya tomorrow!
You're always
A day
Away!

[plat hunter] 21/8/2019 21:15

Funny thing is, XTR have an asset in Chile and BMR want to buy an asset in Chile lol

Probably won't but if BMR did raise cash and used it to purchase an asset from a CB company then I would be out like a flash, that would be the red line for me.

[1madmarky] 21/8/2019 21:09

😁😁😁😁
Nice

[deme1] 21/8/2019 20:38

we should get a 29% stake just for processing it.

We are the only option xtr have.

for $1 mil I would expect 35- 40%

[1madmarky] 21/8/2019 19:35

DME - how about $1m for a 29% stake

😁