Jubilee Metals Share Discussion Threads

[plat hunter] 16/5/2020 14:34

Cheers Bullster

[bullster] 16/5/2020 14:24

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Plat Hunter
16 May '20 - 00:02 - 22131 of 22135

Could someone remind me how much chrome we're pulling?

Given a possible uptrend and that it's costs are covered by pgm production.. Every $1 increase goes straight to the bottom line

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This only applies at Inyoni.

Chrome was allways included in the cost to produce pgm concentrate at Inyoni, because we where allways meant to hand the chrome back.
Now that we have bought the rights to that chrome, it's as though we get it for free, but the cost to produce this chrome is already priced into the Inyoni pgm concentrate,
Bye the way it's around 10k tonnes per month.

All of our other chrome extraction operations are costed as stand alones, so for instance, when pgm concentrate begins at DCM costs to produce will work out cheaper than the old figures we were given at Inyoni.

The current financial reports "now" separates chrome from pgm's, so trying to work out the value of that 10k tonnes of chrome at Inyoni is obsolete for the future, it's all now inclusive.

Ok, if you are trying to add that value to an old report 10k tonnes per month at say $90/t free on board to China is $900,000 per month.

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[deme1] 16/5/2020 13:14

E = MC 5p by Friday

[plat hunter] 16/5/2020 13:03

It really isn't deme.5p will happen by Friday and when it does, you'll look even sillier than when you're dreaming of getting filled down the caravan park by Johnathan's chopper

[deme1] 16/5/2020 12:59

Stop asking me questions, I am still trying to get my head around your:

5p by Friday equation! It's a thing of pure genius

[plat hunter] 16/5/2020 12:55

Deme are you old enough to remember the little brass plates that would be stuck onto, above or behind the bar in a boozer?

For example some of them said " No wifes allowed" or "Free Beer Tomorrow"

[deme1] 16/5/2020 12:15

Friday 5p?

[plat hunter] 16/5/2020 11:39

Lolling at Deme trying to figure out why his limit order equal to 30% of traded volume isn't getting filled.Blaming market manipulators like a seasoned trading veteran that he is.

[plat hunter] 16/5/2020 11:36

Probably Deme..But do you know what the average daily traded volume is for the last 7 days..I reckon you can prove the doubters wrong. I mean such an undisputed champion of trading like yourself, surely understands volume and liquidity?

[deme1] 16/5/2020 11:31

5p by Friday?

[plat hunter] 16/5/2020 11:12

Deme.. do you know what the average daily traded volume is for the last 7 days?

[sleveen] 16/5/2020 10:31

" in Zambia targeting both Jubilee's current surface assets as well as identified third party producers. The construction of the zinc circuit has been hampered during this period with current restrictions enforced on the movement of equipment and supplies across borders."


Mountain out of mole hill IMHO.

[texaschaser] 16/5/2020 09:26

Very good Deme and Lostabillion - How can anyone really take JLP seriously. It's bizarre. Still, gets the herd moving I suppose and that can be useful.

I expect we'll hear about a rubbish JLP deal or cash raise soon by the sound of it

[1madmarky] 16/5/2020 09:20

Bmr conspiracy theories...
Suggestions regarding loosing the license, as we are not dealing with the lead yet...

Lots of jibba jabba, but that's all.

[frogkid] 16/5/2020 07:50

There is a lot of talking on the other place about Kabwe delays etc. Any local Intel on this at all chaps?

[plat hunter] 16/5/2020 00:02

Could someone remind me how much chrome we're pulling?Given a possible uptrend and that it's costs are covered by pgm production.. Every $1 increase goes straight to the bottom line

[gsg] 15/5/2020 19:01

Chromite prices stable but supply-shortfall looms once stocks run down


Published: Tuesday, 12 May 2020

The chromite market was stable in the week ended Tuesday May 12, with very little activity heard. Underlying tightness in supply was expected to drive prices upward, however, despite weak demand.

Supplies of chromite material from South Africa have been hindered by the Covid-19 pandemic lockdown in the country that has been in place since March 26.

"Sentiment is up, especially for foundry material, given the dire supply situation," a producer said.

[deme1] 15/5/2020 18:53

Still not gone through. Starting to think this is being manipulated

[lostabillion] 15/5/2020 18:48

You must have had your 1m purchase executed today Deme1?!? Not showing though.

[deme1] 15/5/2020 18:35

Metals improving from China demand.

[gsg] 15/5/2020 18:33

Supply concerns continue to fuel chrome ore prices in China

UG2 chrome ore prices resumed their uptrend in the week to Monday May 11 with lingering concerns over intermittent supply from South Africa underpinning the market.

Fastmarkets’ chrome ore South Africa UG2 concentrates index basis 42%, cif China rose to $152 per tonne on Monday, up by $5 per tonne (3.4%) from $147 per tonne on May 1.
The index had experienced a three-week rally since the beginning of April following the supply interruptions caused by South Africa’s Covid-19 related lockdown, before it was capped after China’s major stainless steel mills increased their ferro-chrome tender prices for May deliveries but by a lower-than-expected amount.