Jubilee Metals Share Discussion Threads

[deme1] 10/6/2020 08:58

If the proverbial hits the fan and mines start to close, then JLP will either be bought out OR brought in and asked to work through their tailings in order to make some cash for the companies in case and maintenance.

[billyusa] 10/6/2020 08:56

Don't forget about the sulfuric acid earnings,you pay top $ these days for sulfuric acid and it's very hard to come by in Zambia(Ask Glencore). With no sulfuric acid,no copper/cobalt/zinc and lead.

[billyusa] 10/6/2020 08:47

Price of China 42% concentrate,all the chrome producers seem to use that one in their financial reporting.

[deme1] 10/6/2020 08:45

Can sell 500k chunks for 3.83p

They still need your shares ;)

[deme1] 10/6/2020 08:42

I suppose that is the beauty of JLP now and going forward, is that we are no longer just a platinum producer.

We can have swings in many metals and still turn a good profit.

[billyusa] 10/6/2020 08:40

MadMarky,if you want to know what the future holds for pgms,go listen to the last couple of investor presentations from Northam Platinum. Paul Dunne gives a very good explanation about the current and future state of pgms. Copper is the NEW BLACK GOLD IMO!

[9tintin] 10/6/2020 08:36

Billy

Which chrome product are you referencing on that website - there are so many quotes.

Is it the price for China or SA (concentrate)

Cheers

tintin

[1madmarky] 10/6/2020 08:33

Cheers, just thinking out loud wrt how things may change going forwards. Thus which resource stocks you'd possibly want to avoid.
For instance the UK are making noises in the direction of pushing electric vehicles plus copper has anti viral properties thus maybe an increase in copper electroplating on door handles etc etc. So copper would seem a good bet. Not so sure about PGMs longer term, unless hydrogen really kicks off.
Just trying to think ahead

[billyusa] 10/6/2020 08:27

Tintin I have chrome unchanged at 174$ a ton(from asian metals),but Metallbulletin has only marked it up to 170$ a ton. Copper looking to close the gap at 6000$ a ton. Cobalt not doing that great...,but still a great earner as a by product???

[freedom97] 10/6/2020 08:23

"The result is that Tjate has no value at the moment."

Tim, It was said in one of the webcasts, that they could infact make a profit now, from the near surface material. However, it was said, that they want to focus on Hernic etc., first, to get production to full potential. They have now accomplished that with Hernic, so it all depends if they decide to put Tjate on hold longer, if they decide they need to focus now on Kabwe etc...

They of course could try and sell Tjate or agree with another company to pay all costs to develope Tjate for which Jubilee would get a percentage of profits made.

[9tintin] 10/6/2020 08:21

Keep an eye on the price of copper.

+12% in the last 4 weeks and still going north.

Not sure about Chrome, anyone kept track??

tintin

[frogkid] 10/6/2020 08:21

1MM, I actually think this may play into our hands as many mines will become uneconomic at lower prices. They will go into C&M, less production will eventually lead to higher prices and you cannot just switch a mine back on. We are win win.

[deme1] 10/6/2020 08:15

Madmark

Yes more people will continue to work from home. YET there will be a massive spend on infrastructure going forward (worldwide).

[deme1] 10/6/2020 08:12

Billy

I think this is where the people at GLR are getting confused. They seem to think JLP are desperate for a deal and that they will not need to raise any more cash. Colin reeled them in good :)

[billyusa] 10/6/2020 08:09

I see some people complaining about kabwe/sable zinc/lead being delayed?? Why would you want to produce zinc concentrate(not metal which only pays about 2k a ton,so concentrate will be much less) when you can produce 15000 tons of A grade copper metal at 5700$ a ton and 1500 tons of cobalt at 29000$ a ton per year???? It's a no brainer going the copper/cobalt route????

[1madmarky] 10/6/2020 08:04

I also got the impression that they pretty much threw the kitchen sink through the plants prior to the lockdown. So hopefully less than a month production lost.

My wider concern is that of behavioural change post virus. Where I work the majority are now working from home with little or no intention to return to the daily commute. A large percentage of these journeys are by car. So, no commute = less car demand potentially. We will have to see what happens, but as a low cost producers we will just not make as much money as would otherwise be the case.

[plat hunter] 10/6/2020 07:57

100 million of your money by the sounds of it but definitely not mine or Kenny's, or anyone else who has been here for the last 5 years.In the words of Avi, "no one forces you stay on the green"I think you have a problem with the game not the players

[billyusa] 10/6/2020 07:30

I am fully aware of that Madmarky. Windsor hit full capacity by November and April was basically a lost month,that's why my earnings projections is so low for first 6 months. I also know that "Sales Adjustment" will probably play a roll in earnings for first half of 2020.

[1madmarky] 10/6/2020 07:21

Billy- remember that earnings for first 6 months of 2020 will come from production from Nov to April due to the 2 month delay on getting income.

[billyusa] 10/6/2020 07:16

Mikro,forgot to mention that the material being processed at Windsor/Eland pgms is a combination of Northam/Eland and Jubilee material,that's why only 60% of oz attributable to Jubilee at the Windsor pgm plant

[billyusa] 10/6/2020 06:53

It's not really rocket science to see that earnings for first 6 months of 2020 will be in the 30-35 million $ range coming from pgms,chrome,gold,copper,cobalt and sulfuric acid.

[billyusa] 10/6/2020 06:39

Mikro,Windsor is processing well over 100k tons per month of tailings.They are producing over 5ooo oz per month at Windsor with 60%(over 3000 oz) of those oz attributable to Jubilee. Jubilee only receive 80% profit,from the 3000 oz. Inyoni/hernic should be hitting capacity now of 55k tons per month of tailings,producing 2750 oz per month,with all profit going towards Jubilee. If you ad the total oz per month that Jubilee is producing per month,you get close to 6000 oz and that is exactly what they state in the last financial report.