Jubilee Metals Share Discussion Threads

[gsg] 21/12/2019 10:37

Hi Bullster,

It's good that the links were of value.

I respectfully disagree on the chrome front. The competitive advantage of fine chrome together with the all time chrome price lows is providing a window of opportunity for Jubilee to hoover up a load of chrome assets. I have a feeling that Jubilee are going gangbusters into chrome in order to take advantage of the current low in the cycle.

Chrome price cycles are the most compressed of any commodity and the upswing in price is being forecast for Feb 2020. Just my take.

[gsg] 21/12/2019 10:12

Further clues imo, as to JLP's direction of travel in the chrome market, from Bauba's annual report.

It also highlights JLP's unique cost of production advantage in being the only fine chrome producer in the industry.

OUTLOOK
Global market uncertainties, driven by increasing international
trade conflicts and the possible Brexit date approaching, will
continue to have a negative impact on short-term chrome ore
pricing. This, together with higher local supply chain costs,
will keep Bauba’s chrome ore revenue generated per tonne
subdued. Bauba is, however, optimistic that its future profit
margins will be cushioned by the continued sales of premium
speciality chrome ore concentrates.

[gsg] 21/12/2019 09:37

Interesting footnote on chrome production from Bauba Resources, a smaller chrome producer in SA. This is exactly the path that Jubilee will forge by producing higher grade/margin chrome products in the future imo.


"In addition, Bauba has diversified into less volatile,
gross margin-enhancing, premium speciality grade
product concentrates through our Moeijelijk wash
plant. The market for foundry and chemical grade
concentrates is global and not materially tied
to China and Chinese metallurgical chrome ore
demand, providing improved diversification against
China country-specific risk."

[sleveen] 21/12/2019 08:57

Thank you kindly Sir!

[plat hunter] 20/12/2019 18:43

Sleeven's a pretty balanced character by my book.Why would you pump something you don't hold, that would a little odd to say the least?

[boris cobaka] 20/12/2019 16:36

What's the odds on an XMas Update? It's the least they can do after the buzzkill placibg

[texaschaser] 20/12/2019 16:24

If sleveen is posting and pumping positive then time to dump. Well known prolific pumper of his own book prolific deramper of other books.

[timhigginson] 20/12/2019 16:22

Is Leon going to keep his word about a share buy back in the last quarter?

I really like a man who says he's going to do something and keeps to it.

[sleveen] 20/12/2019 16:16

Bullster what's the problem with you today, been on the sauce as PL queried?

"The Project will be the largest PGM beneficiation plant of surface chrome tailings in South Africa"

As you have ALREADY STATED Northam are MINERS not tailings processors.

Thus Northam plant will be much larger (as per Leon's AGM comment)than Hernic/Inyoni.



Have you sold up?

[plat hunter] 20/12/2019 15:14

That what was expected but it opens the door for even more confetti over there as they'l now need the funds to kick start the FNZ copper project.

I wonder how much of it will end up at Kabwe?

[spazzeighties] 20/12/2019 14:53

Power outages in Zambia. That would be a fine start for our Kabwe project. It's a good job it's just a side project.

Are we due an update in Jan 20 for copper production?

[undertaker] 20/12/2019 14:38

Colin back to his old tricks with the Confetti cannon over at XTR.L !

[boris cobaka] 20/12/2019 14:12

Thanks Bullster

[bullster] 20/12/2019 14:08

.
.

boris,

$1,759 per oz

.
.

[boris cobaka] 20/12/2019 13:53

How's the old pgm basket?

[bullster] 20/12/2019 12:38

.
.

It was SHARD who said Northam where doing double the feed.

Even on that metric 2,300 x 2 doesn't match Northams 5,337.

.
.

[bullster] 20/12/2019 12:21

.
.

RNS

Hernic Ferrochrome Proprietary Limited ("Hernic") is the world's 4th largest integrated ferrochrome producer with an estimated 3 million tonnes of platinum containing material at surface while Hernic continues to add further material to the surface stock.

The Company was selected as the exclusive party to beneficiate the chromite and PGMs contained in the Hernic Surface Material ("the Project") and address the project execution methodology as well as the operational and financial performance targets. The Project is the second of the Company's Two Projects.

The Hernic Surface Material has been independently fully drilled and assayed for chrome and PGM content. This has resulted in an independent resource statement of 1.7 million tonnes, of which approximately 90% of the resource is classified in the measured category under the internationally recognised SAMREC code. Hernic also has access to secondary surface stocks, which it has internally identified and could increase the surface stocks to in excess of 3 million tonnes through further drilling programmes. The Project is estimated to contain total PGMs in excess of 224 000 (3PGM + Au) oz.

The Project will be the largest PGM beneficiation plant of surface chrome tailings in South Africa and is capable of producing annual revenues of GBP 18.2 million (ZAR 400 million*) at an average metal basket price of USD 906 per (3PGM + Au) per oz. The financial and operational risks of the Project are significantly mitigated since the material is already at surface and requires neither the cost nor the risk associated with mining.

.
.

[frogkid] 20/12/2019 11:29

Like the wretched old testicles of Pete Barnes the JLP price is withering, yes withering I say, on the proverbial vine.A very disappointing end to 2019. One more year give it will I. Yoda, get off me keyboard !

[bullster] 20/12/2019 11:18

.
.

RIGHT !

You can have it back now, to talk trash.

.
.

[bullster] 20/12/2019 11:11

.
.

Looks like Jubilee will throw their hat in with Northam, at the smelting game.

OR, once proven, will move back to Middelburg, where we retain the rights to a 5mw smelter and extend the power station capacity.

.
.

[deme1] 20/12/2019 11:09

who has upset Bullster!

[sleveen] 20/12/2019 10:58

You're not related to Goldi by any chance, who also didn't understand amortisation of costs previously incurred and written down over the life of the asset via the P&L?