Jubilee Metals Share Discussion Threads

[deme1] 28/10/2019 10:54

I am curious

Like Bullster said the pgm deal seems very generous. So What do sam want in return?

Also I am still confused as to why Leon would publically state that getting the same deal on the chrome would be a significant boost to JLP.

Has the deal already been made, and just awaiting sign off?

If not, it's just like someone going to buy a house and telling the owners there is £1 mil of gold buried in the back garden and we want to buy the hoise today!

[lostabillion] 28/10/2019 10:44

Webcast....

Looking forward to next weeks update.

Leon is smiling from ear to ear.

I almost get the impression that on top of gaining 100% of the PGM’s at Hernic that an announcement on the chrome will come next week?!?

If that is the case we’re heading for 20p sooner than mid next year.

I have funds coming soon which will allow for another 100k top up, just hope I can add before the update next week.

[bullster] 28/10/2019 10:22

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Leon Coetzer, Chief Executive Officer, says:

"With the Windsor PGM Project reaching its full operational status we have reached yet another significant milestone as we continue to grow and diversify our earnings base".



"The Project holds the potential to double our existing PGM production delivering enhanced earnings without any capital burden or time delay associated with the construction of a new PGM recovery plant. I am particularly excited by the early results achieved during the commissioning phase utilising our tailored processing solutions, which support our expectation to achieve a consistent minimum throughput of 60,000 tonnes per month with the potential to deliver approximately 2,500 additional low cost PGM ounces to the Group per month".



"Bringing Windsor PGM into full operation has been a strong team effort with our JV partner. The JV structure and terms, which incorporate a fixed processing cost with associated earnings share, ensures that both parties are incentivised to maximise PGM recoveries and operational efficiencies"


The above is from the 5th of September RNS, i have put it on the board for doubters who say Windsor is not as profitable as Hernic and despite not having to spend any money building a £12m plant.

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[nelson01] 28/10/2019 10:20

Sounds like Samancor would be better off buying Jlp lock stock and barrel.

[1madmarky] 28/10/2019 10:09

Bullster- my thoughts exactly

[the skipper] 28/10/2019 09:54

That was some interview this morning -with the clear indication of further news this week. I guess those who have to work for a living will have yet so see it,so now's the time to top up imho. Now holding 1.56m of these with a very large smile on my face.

[bullster] 28/10/2019 09:49

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Dilokong Chrome Mine is a joint venture between Sinosteel & Samancor.

Close by is Tubatse Alloy (PTY) Ltd. a joint venture between Sinosteel & Samancor.

Samancor own mines on the western and eastern rim of the Bushveld Igneous Complex and eighteen furnaces at five locations.

The deal struck by Samancor, soon to be the new owners of Hernic, is far too generous.


What are they after.

Could Jubilees fine chrome expertees be the key. ?

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[nelson01] 28/10/2019 09:28

I reckon that = a share price of 16p mid to late 2020

[nelson01] 28/10/2019 09:26

Let’s be conservative and say that Windsor pgms is making 1 million per month=12 million + 15.75 = 27.75 million + 6 million from Windsor chrome = 33.75 million profit
Per year without anything from DCM or Kabwe.

[tel5] 28/10/2019 09:23

looking forward to solid progress now just topped up with a few more while price is still at bargain levels

[nelson01] 28/10/2019 09:18

Also we now know at this basket price we are making $450 per ounce at Hernic.
So with an extra 20% feed, let’s say 35,000 ounces = 15.75 million profit from Hernic.

[gsg] 28/10/2019 09:02

I've got a feeling Samancor are about to become a Jubilee shareholder in return for the chrome.

[freedom97] 28/10/2019 08:57

Thanks robers98 for the link. Excellent interview, Leon certainly very confident indeed.

Looking forward to rapid future growth here.

[deme1] 28/10/2019 08:55

GSG, yes I spotted that little slip up at
7.30 onwards.

initially he said jlp would update shareholders on windsor "shortly"

but from 7.30 onwards he let slip about next week.He seems enthusiastic about the project can see exceptional early numbers from that project.

[goingforarun] 28/10/2019 08:52

Massive smile on his face at the end of it...obviously not someone worrying about the future!

[gsg] 28/10/2019 08:51

"we will educate shareholders next week as to how good, so they can expect another significant step up in the company's earnings."

[deme1] 28/10/2019 08:49

Very good webcast

Leon looks like he is itching to report on Windsor!

10p by year end may just be a bit of a stretch, but I have a good feeling on this old dog.

[robers98] 28/10/2019 08:37

www.proactiveinvestors.co.uk/companies/news/905715/jubilee-metals-to-see--significant-step-up-in-earnings--with-hernic-deal-905715.html

[plat hunter] 28/10/2019 07:02

It's more hope than a prediction... keep buying lol

[1madmarky] 28/10/2019 06:58

:-) plat- think we would need some very solid numbers from Windsor PGM'S to get to 5p. But hey very happy to be wrong.

[1madmarky] 28/10/2019 04:54

BB2 - Windsor 2.7 g/t then fine chrome removal and 60,000 tpm not 42,000 tpm. IMHO that will make a significant difference compared to Hernic.

[plat hunter] 27/10/2019 22:03

5p tomorrow... lets do it

[1madmarky] 27/10/2019 19:41

BB2 - Leon and numbers..... they change pretty much every RNS . IMHO
So don't get too tied up on them, they'll drive you nuts.

[billyboy2fromiii] 27/10/2019 19:22

Bullster,

Can you tell me where you get your understanding of the Windsor deal from. My understanding is that production will be 30,000 PGM oz and the earnings from this 30,000 oz will be split with Jubilee retaining the majority. The 2,800 PGM oz per month was initially referred to in the RNS on 18 April 2018. This RNS also stated that "All earnings generated by the sale of the recovered PGM ounces will be shared at an agreed earning split, with Jubilee retaining a significant majority of the earnings". My understanding is not that 2,800 oz pm produced (33,600 pa) of which we keep 30,000 oz. I am happy to be corrected.

Regards, BB2.