Jubilee Metals Share Discussion Threads

[robers98] 18/2/2020 13:18

Someone tell him they have very large tailing dams, sitting around with plenty of nickel in.
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BHP Group will be looking to expand in copper and nickel to position itself well in a world that is decarbonising, new chief executive Mike Henry said on Tuesday.

"We need more copper and we need more nickel," Henry told reporters after saying that the company would need to create more options for itself in "future facing" commodities.

[robers98] 18/2/2020 13:14

Eastplats achieves first PGM recoveries from tailings project

Eastern Platinum (Eastplats) has successfully produced platinum group metal (PGM) concentrate from its refurbished small-scale PGM Circuit D – previously called the scavenger plant circuit.

The company is using feed from its retreatment project, located at the company’s Crocodile River mine, in South Africa, following the recovery of chrome concentrate.

The PGM Circuit D plant is able to process 40 000 t of feed a month and the construction costs were less than $150 000, as the company used existing infrastructure that was on care and maintenance at the mine.

“This is the first step in the company’s full-scale assessment of the PGM recoverability of the tailings resource and provides further revenue opportunities for Eastplats.

[undertaker] 18/2/2020 13:02

Bio-Weapon gone wrong!

[mikebolle1] 18/2/2020 12:48

The link above gives a holistic view of the virus. What worries me is the total "Serious or Critical"patients. This is not coming down.

[deme1] 18/2/2020 12:36

SLP going from strength to strength

[1madmarky] 18/2/2020 12:29

Rhodium Price 11,600.00 USD/ozt (10,717.94 EUR/ozt) 17 Feb 2020 - 52 Week Low 2,635.00 USD/ozt 52 Week High 11,600.00 USD/ozt

Our basket price just keeps increasing :-)

And the virus infection rate continues to ease. Hopefully the world has dodged a bullet.

[niloc4] 18/2/2020 12:07

When are you going to actually add shareholder value Leon? Before or After Bafana Bafana Wins the next world cup?

[plat hunter] 18/2/2020 12:06

Bullster... No one said that the big boys don't do it, but to say it's not as profitable as mining is a slight exaggeration, don't you agree?Perhaps Lonmin nearly went bust because their mines were much more profitable than treating waste?Perhaps Neil Froneman has just made an acquisition for a tailings company because he loves to burn cash on vanity projects and Sibanye is the complete opposite of a big boy and Northam definitely arn't on the lookout for a collection network because they're not big boys either.Anyway, it was a ridiculous statement and I was merely contradicting it.Must try harder Bullster, if you haven't been filled yet then you're running out of time.

[gsg] 18/2/2020 12:05

JOHANNESBURG (miningweekly.com) – With the price of platinum at half of the palladium price, the concept of replacing palladium with platinum in some gasoline catalyst convertors is increasingly likely to occur – but not in the very short term, outgoing Anglo American Platinum (Amplats) CEO Chris Griffith said on Monday.

Presenting Amplats’ financial results for 2019, Griffith reported a best-ever net cash position of R17.3-billion and a dividend pay-out of R14.2-billion, the highest since 2006.

Palladium set numerous price records in 2019 when it rose by an average of 48% in dollar terms and the rhodium price rocketed by an even higher 73%. Over the same period, the platinum price fell by 1%.

Benefitting the platinum group metals mining companies immensely is the diversification of their metals basket, which rose in overall price by 27% in dollar terms and 38% in rand terms.

Amplats’ overall basket revenue increased 33% in 2019 to R100-billion, with the contribution by the once-dominant platinum falling to 29%.

Palladium took the upper hand at 40%, up from 30% in 2018, and rhodium represented 18% of the revenue basket, compared with 13% in 2018.

“Overall, we see in the short and the medium term, demand outlook for the basket of metals we mine as positive across all the metals that we produce,” said Griffith during the presentation attended by Mining Weekly.

Interestingly, investment demand for platinum was exceptionally strong at 1.1-million ounces, with potential growth continuing, and jewellery demand is steadying largely on the back of market development in China and growth in India.

The drop in actual vehicle numbers resulted in automotive industry demand for platinum continuing to fall in the light duty diesel sector balanced by increasing demand in the heavy-duty market, particularly as a result of emission regulations coming out of China and India.

“In the medium term, I think the potential substitution of platinum back into the gasoline autocats will drive strong platinum demand on both automotive demand growth and the increasing loadings arising from higher emission standards.”

“Also what we will see is an increasing demand from heavy vehicles, again as a result of the vehicle numbers increasing and also increased mandatory loadings,” said Griffith.

Automotive demand is rising owing to the stricter emission legislation in many countries to get lower levels of emissions in order to mitigate climate change.

“We see the outlook in demand in the short term and the medium term as being extremely positive. It is the fundamental demand for both palladium and rhodium that has been driving the underlying increase in prices.

“The current material deficit for palladium is being sustained again this year. A larger rhodium deficit is expected again this year,” he said.

[marmar80] 18/2/2020 12:03

3yrs chart says it all. Up it goes.

[bullster] 18/2/2020 10:40

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nelson01,

We can't be far off, can we.

A free carry for us and our 37% partner, Maude Mining.

That'll do us nicely .

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[aceshi] 18/2/2020 10:36

Go jump in the lake Hazi. You deserve everything you are given. Who the hell do you think you are, endlessly posting your low grade ramping waffle and then in 5 minutes you are crying to daddy because someones calling you bad names. And you have the audacity to tell me to get a life. I been in this dog of a company for long enough to have benefitted from purchasing in the 20 to 30 cents range. So, like I've told your bum, chum, Platt, you way off the mark, pal. Actually more than likely one of the few who's been fortunate enough to take some profit from investing in JLP. Doesn't necessarily make me a fanatical fan of management, their ongoing lack of transparency in the presentation of facts and figures and a growing reputation of delivery shortfalls on their very own sales pitches. I can well understand you mistaking my posts for a deramping narrative but I'm afraid it's merely the facts I'm posting. Over the years Management have consistently done an excellent job of deramping without requiring assistance from any of us.

[bullster] 18/2/2020 10:33

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Plat Hunter,

The big boys already do an amount of retreating for themselves .

And you probably don't know what forces them to do it.

Where did you think Northams' retreatment plant at Eland mine came from, it's producing double what Inyoni is.


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[nelson01] 18/2/2020 10:25

Well the big boys will have plenty of money for the likes of Tjate then.

[bullster] 18/2/2020 10:21

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Miners get the richer pickings and are higher production geared.

Compare the recent profits.

The big boys are making $2 BILLION.

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[frogkid] 18/2/2020 10:14

ROI is the attraction here, and for relatively little risk. Apart from geographical issues.

[plat hunter] 18/2/2020 10:13

Okay Deme.. I'll bite.What figures exactly is the market missing that would be freely available if there was an FD?You know what the costs are, earnings and the profit, so prey tell please, what else are you hankering for

[plat hunter] 18/2/2020 10:09

That's not strictly true Bullster.. There's much more profit in tailings than straight forward mining.There's usually more scale and production from a single mine versus a single tailings project. But that's capacity and not ROI.

[bullster] 18/2/2020 09:56

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The big boys will never buy JLP.

They will stick to what they do best, there's more profit in mining.

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[deme1] 18/2/2020 09:51

If JLP were more forthcoming with their figures and had a FD then maybe your posts about the basket price may warrant some market reaction.

Gone are the days where Leon said they had to keep tight lipped about costs and profits from fear of competitors finding out!

[bullster] 18/2/2020 09:48

PLATINUM
49%
@
$978.00
$479.22


PALLADIUM
40%
@
$2,417.00
$966.80


RHODIUM
9%
@
$10,300.00
$927.00


GOLD
2%
@
$1,588.50
$31.77





B.B.I. =
$2,404.79

[frogkid] 18/2/2020 09:46

quietly in the background the frog accumulates, expecting to see this between 3.5 and 4 until the virus thing settles but then should see a decent rise. We may also be the target of some interest from the big boys...

[niloc4] 18/2/2020 08:36

swings and roundabouts are what Plat Hunter and hazi offer at the caravan park.