Jubilee Metals Share Discussion Threads

[bullster] 19/11/2019 21:29

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GSG

Make sure you compare apples to apples.

Jubilee $90/t ex-works, $150/t with insurance and shipping to China.


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GSG19 Nov '19 - 21:03 - 16710 of 16711
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Thanks Bullster. So presumably Tharisa achieving $148/t against JLP's $90/t is down to the level of concentration? Quite a difference.


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[plat hunter] 19/11/2019 21:16

Kenny...Aces only joined ADVFN as the "project placings" started started and has only ever posted on JLP.Either he's a mug punter that went all in on at much much higher price than today, or a troll.

[plat hunter] 19/11/2019 21:13

Why are you holding 400k if you're so convinced that they're squirrelling away all the profits in salaries and management fees?Where are you even seeing this fraud? I mean you must be really talented to spot the such a big issue, over above all these insti investors.

[kennyp52] 19/11/2019 21:07

AcesHi ... reasonable comment given the mistrust around management but I cannot ignore the numbers and the forecasts . Every evolving business needs finance . In future this may come from cash flow but occasionally if the right deal comes along then dilution may also be necessary . If they dilute at 6p by 10% then at 12p by a further 10% to drive the business on to 30p ... not saying these figures are real ... but if they did .. so what ... the value to existing shareholders would be substantial and we are not using secured expensive lending facilities . It’s how you expand a business ... in case you didn’t know 🤔
The biggest plus for me is the reality they have spare processing capacity and it is all surface material ... no mining risk or costs . Very simple . Very cheap .

[kryptonsnake] 19/11/2019 21:03

Did I mention sub 4p coming?


LOLsss

[gsg] 19/11/2019 21:03

Thanks Bullster. So presumably Tharisa achieving $148/t against JLP's $90/t is down to the level of concentration? Quite a difference.

[kryptonsnake] 19/11/2019 21:02

I'll leave this board for 6 months if it hits 5p this year

I'll leave forever if Losta get's his first target of 7p this year


LOLsss

[bullster] 19/11/2019 20:56

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GSG,

Found it, it was $90 per tonne ex-works.
But only applies to Inyoni chrome concentrate, not the others.



The likely impact is considerable.

Whilst we are not in the position to fully update our model at this stage, it is possible to highlight the indicative impact of securing the chrome rights.
Inyoni processed about 40ktpm of feed in H1 2019. The mass removal at the chrome
separation stage is significant (up to 25% of the feed is turned into chrome concentrate). For arguments sake, assume it’s 22% and at a 40ktpm feed rate, this implies chrome concentrate production of 8.8ktpm. Current UG2 chrome prices are c.$150/t cif China, implying that JLP would currently receive about $90/t ex-works.



hxxps://jubileemetalsgroup.com/wp-content/uploads/2019/11/Shard-JLP-7-11-2019.pdf

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[gsg] 19/11/2019 20:44

Given Tharisa'a ambitions in the chrome and PGM sectors and their desire to develop their processing technologies, JLP could be a great fit for them in a year or two. They have a billionaire owner, and they plan to produce 2m t pa of chrome within two years as well as currently spending $50m on their own 2 x fine chrome plants, although they are way behind Jubilee in terms of implementation.

From Tharisa'a Jan 2019 Analyst presentation.

Demand for metallurgical grade chrome concentrate is mainly
driven by its use in the manufacture of stainless steel

▪ China is wholly dependent on imports of chrome ores
▪ Spot chrome prices traded between US$156/t and US$240/t,
current market pricing is US$160/t
▪ Chrome stocks at Chinese ports remain below the 3.0 Mt mark at
2.8 Mt – almost two and half months' supply
▪ Indonesian installed annual stainless steel melt capacity of 2.0 Mt,
with a further 1.0 Mt being brought online

[nelson01] 19/11/2019 20:15

We should be producing a similar amount of pgms as slip who are making 20 million per year and of course we have all the chrome and Kabwe on top of that so I’m expecting a profit of at least 35 million.

[bullster] 19/11/2019 20:12

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GSG,

Chrome concentrate is sold in speciality grades as denoted by a percentage of chromium content per mass.

The higher the percentage the more you can charge.

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[aceshi] 19/11/2019 20:12

Platt, Nelson or whoever you may be this week. The only fantasy is in own your head. Constantly conjuring up fantastical scenarios and erroneous share price predictions. Told you, my remaining holding is a measly 400k. Hanging in for Losta's 40p come 2021 or 22 or perhaps 2031........ Someone has to offer a rational opposing view to the barrage of "perfect storm" type BS that's constantly being posted. For a self professed authority on almost any subject, I'm surprised it's taking you so long to cotton onto the JLP business model. They will continue to expand into new projects, spending every last cent they generate on this and management renumeration and, and..... They will continue to dilute shareholders as regularly as they feel they can get away with. This in turn will remain a dampener on share price growth, at least the likelihood of attaining the level of highs, that are being suggested and in fact are potentially possible. Yes, I know, the II's are climbing in, must be a sure thing. I'd say more likely Colin's associates buying low selling high.

[nelson01] 19/11/2019 20:10

Gfr....when we get an update hopefully in January it should show huge growth in pgm production at the higher basket price so we will be able to calculate more accurately.

[goingforarun] 19/11/2019 20:01

Overall a potential P/E of under 4 ongoing. Surely worth another tick up on proof of progress?

[nelson01] 19/11/2019 19:47

Robers...yes I seen that, they are talking about 27-30 million profit for this financial year but I think they are being a bit conservative. They have not taken into consideration of the rise in basket price since June, also they have only attributed 3 million to Windsor chrome and from my understanding it is making 1/2 million per month.

[gsg] 19/11/2019 19:43

Thanks Bullster.

[bullster] 19/11/2019 19:38

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GSG,

Chromium usually shortened to Chrome is an element not a metal.
It is added to a metal to form an alloy.
Chrome is often mistakenly spoken instead of chromite, which is chrome concentrate.

I think Shard state chrome concentrate at $120 per tonne ex-works, at one point, which is about £90 per tonne. If you go back through the new Shard note, let me know if i got it correct or not.

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[gsg] 19/11/2019 19:19

Bullster,

I'm trying to understand the difference in the price JLP achieves for it's chrome concentrate compared to that achieved by Tharisa.

Taken from Tharisa's last report 30 September

"The average chrome price received for the quarter was down 14.9% at US$148/t (Q3 2019: US$174/t) with an annualised 12.9% decrease in price received to US$162/t (2018: US$186/t)."

How come Leon is talking about $90/t for chrome when assessing Inyoni? Is one concentrate and the other metal? Maybe you could clarify/educate?

[kryptonsnake] 19/11/2019 19:18

Wait for the placing to be submitted, the buying here looks like it's people who don't understand the difference between the share price and Market Capitilsation. Pump and dump occurring at the moment to rinse out the uninitiated.

If you actually account for the new issuance, the share price is actually nearer 3.9 atm


LOLsss

[robers98] 19/11/2019 19:00

Over on lse some posts indicating the potential figures going forward.

[bullster] 19/11/2019 18:50

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9tintin,

Thanks for the heads-up.

$1676 per oz beats 30/10/2019 = $1,650

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