Jubilee Metals Share Discussion Threads

[bullster] 20/12/2019 10:55

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Yep, £1m, it's coming out of our pockets.

CVMR® process belongs to a Canadian company, if i'm not mistaken.
(it's a bolt on where ConRoast was lacking.)

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[sleveen] 20/12/2019 10:47

"Included in business development costs is an amount of £ 943 366 which relates to the ConRoast technology, converting and autoclave process,CVMR® process and leaching and hydro-processing. The remaining amortisation"

What does it say on the tin?

[bullster] 20/12/2019 10:45

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So are you saying it has cost us almost £1M to put ConRoast into a Northam facility ?

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[sleveen] 20/12/2019 10:40

sleveen - 18 Dec 2019 - 13:07:56 - 17413 of 17450
From the A&R notes to the accounts relating to the ConRoast Process:

"Included in business development costs is an amount of £ 943 366 which relates to the ConRoast technology, converting and autoclave process,CVMR® process and leaching and hydro-processing. The remaining amortisation period is 12 months (2018:24 months). During the period under review the ConRoast process has contributed to the process solution being developed for the Groups anticipated Windsor PGM Operations which
is the key reason for Jubilee receiving a premium for its produced PGM concentrates free of any chrome penalties. The Windsor PGM Operations commenced production during the second quarter of calendar 2019"

[scrappycat] 20/12/2019 10:37

Frankly, I could not care less how they produce the metals they do. The important fact is that they produce them far more cheaply than any miner does, and can. In order to achieve this, is it not reasonable to assume that they use the most cost effective and efficient means available to them.

Ultimately, the vast potential profitability of this company will be obvious to all, and the share price will reflect that. DYOR.

[bullster] 20/12/2019 10:33

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ConRoast only begins at the smelting stage !

And is only marginally more productive/extractive.

NORTHAMS TEAM have shown Jubilee how it's done by extracting 5,330 pgm ounces from their floatation plant compared with Jubilees 2,300 pgm ounces from a similar size plant.

GRANTED, Northam are chucking in double the feed, which if they keep that up will run out of feed in no time. Mining has begun at Eland on a conservative level and Northam will be eager to have their plant back to process their rhodium rich ore.

Maybe that's what the rush is all about.
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[bullster] 20/12/2019 10:15

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Explain how so ! and maybe give a link.

"I posted few days ago an extract from the notes to the Accounts that the ConRoast process (or an off shoot of it) contributed to the high efficiency of the Windsor plant processing".

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[bullster] 20/12/2019 10:10

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sleeven,

look at Tharisa putting the whole mine through fine chrome, not just the tailings in Juberlees case.

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[bullster] 20/12/2019 10:06

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Leon admitted that our recent good fortune wasn't down to him, it was the newly assembled team around him.

Leon has wasted the last 10 years trying to prove ConRoast, a process that the industry has failed to embrace. There are better things out there.

Issuing equity to keep the company afloat has taken the shares in issue from 300,000 to over 2 billion in the quest to build an inferstructure around ConRoast.

FINALLY THE PENNY DROPED and Leon ditched those failed ambitions to get into the simpler side of waste reclamation.

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[sleveen] 20/12/2019 09:54

Bullster look at the plant costs for a few extra % chrome v JLP plant costs.

I posted few days ago an extract from the notes to the Accounts that the ConRoast process (or an off shoot of it) contributed to the high efficiency of the Windsor plant processing.

So ConRoast not quite the red herring as was once thought.

Though by no means living up to the previous hype of circa 10 yrs ago.

[mutley walters] 20/12/2019 09:45

Part of where we are today and Leon's expertise has been as a result of the trails and learning process Jubilee have gone through including DCM and Hernic. Leon has made mistakes along the way remember the third party material advertised to bring in new income at DCM only for it to be postphoned as the 3rd party material could not be processed. Jubilees projects have provided a platform to fine tune the processes and learn from mistakes. That is a big part of our competitive advantage and why for example we appear to be in a strong position in Zambia

[plat hunter] 20/12/2019 09:29

What's his name Connor Roast lolsYou on the Christmas sauce already?

[bullster] 20/12/2019 09:20

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There's a guy in Australia who is rolling out his own process for producing valuable metals, Leon might know him as he worked at Mintek at the same time as ConRoast was being developed. It's one thing trying to promote someone elses yet unfinalized process and another to set up your own company to sell the finished product.

The process carries the blokes name.

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[plat hunter] 20/12/2019 09:12

Res herring.. Doubtful it's a secondary product with costs absorbed by the primary treatment of tailings.

[bullster] 20/12/2019 08:51

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Fine chrome for Jubilee could turn out to be the same "red herring" that ConRoast has proved to be.

Any company can buy off the shelf equipment to crush then grind the rock particles down to the micron level, one hundredth of a millimetre. Again using off the shelf equipment the art to fine chrome is devising a method of extracting the most chromite particles as possible.

The one advantage i can see that Jubilees system has over the Vulcan based Tharisa technique is the lower cost of constrection. Tharisa seem to have bettered the Jubilee system with a higher volume conbined with an impressive and superior 28% extraction rate.

I would rate the Jubilee system at below an 18% extraction rate considering an 8,000t from 30,000t feed of upgraded tailings.
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[ray mark] 20/12/2019 08:25

u are a disgrace please go away untikl you grow up

[niloc4] 20/12/2019 08:09

prefer playing lego than your muddy legover with mr mr at the xaravan park yoy brown stain.

[goingforarun] 20/12/2019 08:06

Niloc, These comments are irrelevant, share price is up from 2.4p to just under 4p in 2019. What’s not to like!

[mutley walters] 20/12/2019 07:57

The share price I sup from 2.4p to 3.9p over 2019 that's a huge increase over the year you silly fellow. If we do the same next year it will be a very good result

Get back in your caravan and play with your lego set

[niloc4] 20/12/2019 07:39

Leon, what's your plans for destroying shareholder value for 2020. I'm sure you are enjoying your leave while you watch the share price falling. Don't think you've lost much with your tiny poultry investment of 26400 shares in jubilee. Grow some round ones leon with a sausage. You really are a disgrace

[1madmarky] 20/12/2019 07:14

GSG fingers crossed! Stitch that market up!

[gsg] 19/12/2019 20:30

So Tharisa's fine chrome plant is still twelve months away from commissioning and will cost $55m. JLP will hopefully have tied up fine chrome contracts with the top chrome producers way before then.

[mutley walters] 19/12/2019 14:50

Maybe if you don't run campaigns against good companies whilst investing in poor ones e.g. BMR you might get the money for a deposit for a mortgage and wont need to rent