Jubilee Metals Share Discussion Threads

[bullster] 18/6/2020 13:11

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Leon interview on the copper deal, today.

PROACTIVE VIDEO




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[1madmarky] 18/6/2020 12:50

GSG - 1% would be nuts

[plat hunter] 18/6/2020 12:33

Copper at 0.3% is 400k tonnes, at 25k tonnes a year that's 15 years of something that doubles existing revenues.I'm not too sure about the long term target for 25,000 tonnes a year, we could potentially be nudging towards 100k pa at this rate and more than likely priory to the pgms getting to 100k ounce milestone.Lets not forget about the 'fine course plants' that can be moved around too. The process for fine chrome can be extrapolated across any metal recovery strategy.

[gsg] 18/6/2020 12:16

1MM, there's more tailing dams to come from the same source imo. And with copper grades up to 1%.

[adejuk] 18/6/2020 11:31

plat, at this acquisition pace they could be earning £500mill a year
i'll grant you that £2bill is pie in the sky :-)

[1madmarky] 18/6/2020 11:28

Chile 0.6 but you have to mine it. If this is 0.24 with no mining.... :-) happy days.
Well found GSG!

[gsg] 18/6/2020 11:16

From years back when BMR were chasing the Luanshya copper tailings.


hxxps://www.miningcapital.com/companies/news/25211/berkeley-minerals-to-acquire-majority-stake-in-luanshya-copper-tailings-in-zambia-30122.html

"The three dams, Old Dam, Chonga Dam and Akatiti Dam, contain tailings from the formerly operating Roan Antelope copper mine. The project is located just 90 miles north of the Kabwe lead-zinc-silver mine, where Berkeley has just snapped up the remaining tailings."

"A report prepared in compliance with the globally recognized JORC standard in 2008 estimated the indicated resource at the three dams at Luanshya at 162 million tonnes (Mt) of tailings material grading 0.24 percent copper, containing 380,700 tonnes of copper."

[1madmarky] 18/6/2020 11:08

Needs more details of the resource first

[goingforarun] 18/6/2020 11:01

PH, let’s get to that mythical 5p first! Quite surprised this hasn’t lifted more. Needs some interviews!

[texaschaser] 18/6/2020 10:52

Deals. Congratulations.

[plat hunter] 18/6/2020 10:51

2 billion mcap Ade?

[freedom97] 18/6/2020 10:36

www.proactiveinvestors.co.uk/companies/news/922186/jubilee-metals-secures-large-copper-tailings-resource-in-zambia-922186.html

[plat hunter] 18/6/2020 10:34

20 million for the new copper plan?25 million for platcro type deal for a lical near plant and tailings?

[plat hunter] 18/6/2020 10:29

Mikro... That's only cash at hand, theres approx 3 month lag on the cashflow. Essentially the physical cash for the past 3 months is still to come.

[niloc4] 18/6/2020 10:27

Greenelf is normally the chunky pie at the caravan park. Chunky naught to rent

[greenelf] 18/6/2020 10:20

You called nuffing pie face

[niloc4] 18/6/2020 10:08

Brownelf, whats your point? Thats what I called.

[mikro1] 18/6/2020 10:08

Still happy to hold here. Happy with the deal this am. Big resource at a good price, small dilution. The thing that disappoints me is.. why is cash only $10 million?? I thought it would be significantly higher after PGM sales in Jan, Feb, March and May.. I think without the repayments it would have been $15 mill but I would have expected at least $25 mill by now..

[greenelf] 18/6/2020 09:56

Hi pie face

[the skipper] 18/6/2020 09:45

That is one very sweet deal to wake up to as I have been researching copper explorers and producers for some time now to ride the new cycle of growing demand, but with a deal like that some of the cash has now gone into JLP. I am also holding ARCM since the recent placing but will be looking to slice that holding and possibly a few others if there are any pull backs here.

The dilution is minimal in relation to the resource which has been secured and the orderly market provisions mean that Horizon cannot sell in any quantity at times of weak demand for the stock yet JLP gets to double earnings. What’s not to like about that?

JLP is a giant in the making. Now let’s watch her grow and secure a main market listing, but definitely time you got yourself a reputable finance director Leon.

[niloc4] 18/6/2020 09:41

Greenelf. I called that deal you fool. Whats changed from the deal Brownell...called at the caravan park

[1madmarky] 18/6/2020 09:38

And more to come :-)

[plat hunter] 18/6/2020 09:33

This is a huge big boy deal as far JLP are concerned.

[billyusa] 18/6/2020 09:32

Don't forget about the by product earner that is COBALT @ 29000$ a ton!!!!