Jubilee Metals Share Discussion Threads

[freedom97] 03/9/2020 14:56

Rhodium now up $400 to $10,600!!

[gsg] 03/9/2020 14:52

Struth palladium now up 5.76% @ $2376

[frogkid] 03/9/2020 14:11

A bit gutting agreed but none of us are immortal.

[adejuk] 03/9/2020 14:01

the vol is v low but just enough, it would seem, to cap the share price
i have a bad feeling about this
if we are on the radar i would be sickened to go for 10p

[frogkid] 03/9/2020 13:54

I believe I have sufficient Losta

[plat hunter] 03/9/2020 13:51

4.7 now it's flying

[gsg] 03/9/2020 13:35

Another spike in palladium. Up 4% to $2337.

[goingforarun] 03/9/2020 13:07

On the Chrome front has there been any clarity on whether the old DCM Fine Chrome facility has been made operational in its new location? Can see the RNS on the move but not the arrival?

[gsg] 03/9/2020 12:50

When the big players are taking losses in the chrome sector, it shows how well Jubilee has performed and the opportunities still out there.

Merafe one of the partners in Glencore Merafe chrome business is feeling the pain.

"MERAFE Resources, the Johannesburg-listed ferrochrome producer that postponed its interim results until September whilst it absorbed the impact of impairment charges, said in a trading statement today it would report a basic loss per share of 37.6 to 39 cents.

Headline earnings would come in between 0.9 and 1.3 cents per share which compares to 6.6c/share in the comparative period of the previous financial year, a decline of up to 86%."

[lostabillion] 03/9/2020 12:47

Might have been better to round up Frog!

Exciting times for JLP holders.

[plat hunter] 03/9/2020 11:09

Careful frog,

[sharenotes] 03/9/2020 10:48

frogkid, I guess a simple typo, 5.58?

[gsg] 03/9/2020 10:40

Also Leon has already told us that Jubilee is producing 450k t pa of chrome. So not far to got to reach full chrome production capacity of 500k t pa.

[frogkid] 03/9/2020 10:31

For clarity I just sold 153K shares as I needed to tidy up my portfolio and I dislike odd numbers. I got 5.88 . Still have in excess of 7 mill.

[timhigginson] 03/9/2020 10:17

I listened to an interesting interview regarding Vanadium flowthru batteries.These beat Lithium ion in that they do not get hot, they can be recharged and discharged indefinitely as opposed to Li batteries. The anticipation is that vanadium batteries are now much better for storage and their production will require double the current vanadium metal production within a year.

[gsg] 03/9/2020 10:09

The gearing Jubilee has to chrome will show immediate financial results given a continued rebound in chrome prices imo. With positive news on chrome prices out of China from Fastmarkets, imo the market has still not twigged Jubilee's position.

With the turmoil and devastation in the chrome industry, Jubilee has carved out a decent position as the one of the lowest cost producers of scale within the sector.

Leon did say that chrome prices were the most volatile of any commodity and he was trying to hoover up as many chrome assets as possible whilst chrome was at the bottom, and to leverage the fine chrome advantage. We shouldn't have to wait to long to see the results.

WH Ireland's comment. "at full production, Jubilee will be able to generate significant revenues from its chrome production, over and above those in our model."

"At full production from Inyoni and Windsor of 500kt/yr of chromite, Jubilee could be earning $200m in gross revenue a year with a commensurate increase in profits and cashflow."

$200m in possible earnings, not even factored in???!!! As holders we must be ahead of the market?

[goingforarun] 03/9/2020 09:59

Understand Rhodium has bounced overnight...should be helping the basket price as Platinum is in the doldrums again!

[plat hunter] 03/9/2020 09:11

Apparently,, the advert in the local Loot for Facial tutorials wasn't quite what he expected.

[frogkid] 03/9/2020 09:08

Krapton last seen pulling tricks in the men's bogs on Clacton seafront for a shilling a go.

[plat hunter] 03/9/2020 08:19

132 shares traded...Is that krypton, i heard he finally gave up on WRES

[plat hunter] 02/9/2020 19:54

“We are approaching the same amount of platinum as needed for a conventional vehicle. At the same time, the new catalyst is much more stable than the catalysts deployed in today’s hydrogen-powered vehicles.”

[plat hunter] 02/9/2020 19:11

Month old rns...Thu, 6th Aug 2020 07:00RNS Number : 2828VJubilee Metals Group PLC06 August 2020 Jubilee Metals Group PLCRegistration number (4459850)Altx share code: JBLAIM share code: JLPISIN: GB0031852162("Jubilee" or "the Company" or "the Group")  Dissemination of a Regulatory Announcement that contains inside information according to REGULATION (EU) No 596/2014 (MAR). Not for release, publication or distribution in whole or in part in, into or from any jurisdiction where to do so would constitute a violation of the relevant laws or regulations of such jurisdiction. Further Copper Tailings Resource Secured in Zambia Increasing Short Term Copper Production and Earnings Jubilee Metals Group ("Jubilee" or the "Company"), the AIM and Altx traded metals processing company, is pleased to announce that in line with its stated strategy to expand operations in Zambia, it has signed a Joint Venture Agreement with a private Zambian company (the "JV Agreement") securing the rights to process 2 million tonnes copper Run-Of-Mine material containing in excess of 2% copper (the "ROM Material"). Under the JV Agreement, there is a further potential to increase the supply of copper ore to approximately 4 million tonnes with an additional 2.5 million tonnes of copper containing tailings available for processing (together "the Project" or "Project Roan"). The Project will target the near-term production of copper concentrate through a dedicated newly constructed copper concentrating facility (the "Processing Facility") for which Jubilee has completed the design for the construction at a targeted Brownfield site adjacent to the tailings (the "Site"). The Processing Facility will be commissioned in two phases with the first copper concentrate and revenues expected within four months. Highlights· Jubilee executes JV Agreement targeting the production of an additional 10 000 tonnes equivalent copper units per annum· The Project targets to commence production of first copper concentrate within four months· JV Agreement incorporates 2 million tonnes of in excess of 2% ROM Material with the potential to increase to 4 million tonnes of ROM Material as well as surrounding copper tailings material in excess of 2.5 million tonnes· Under the JV Agreement, Jubilee will construct a new Processing Facility targeting a processing rate of approximately 600 000 tonnes per annum producing copper concentrate for further refining at its Sable Refinery· The total Project capital is estimated at USD 15 million, to be invested over a period of twelve months, which Jubilee targets to fund utilising its cash reserves and access to debt funding, leveraging off its existing balance sheet· The additional copper units supplied to Jubilee's Sable Refinery holds the potential to significantly enhance the earnings margin, targeting a unit cost of approximately USD 4 000 per tonne of copper cathode, offering a potential payback of the Project capital within one year· The Processing Facility is strategically located to access the large potential of third-party copper ore in the area· The Project is targeted to deliver copper units well in advance of Jubilee's previously announced copper transaction in Zambia ("Project Elephant") and is significant step towards achieving Jubilee's stated goal of 25 000 tonnes per annum of copper production Leon Coetzer, CEO of Jubilee, commented: "This JV Agreement offers tremendous earnings potential for Jubilee. The Project has been a key target for Jubilee to drive the ramp-up in our copper production while we are implementing our previously announced Project Elephant. This transaction complements the already secured large copper resource and will provide us with earnings in the near term. The earnings of this Project is further bolstered when we commence the processing of the 150 million tonnes of tailings secured under Project Elephant, allowing us to expand and fill to capacity, over the long term, our Sable Refinery.   "The combination of easily accessible large surface resources, together with a fully operational copper refinery, offers us the potential to replicate, at a larger scale, the success Jubilee is achieving with its PGM and Chrome operations in South Africa. Our exceptional in-house processing and metals recovery abilities are core to this success. "For Jubilee to have entered into this JV Agreement so soon after announcing Project Elephant is testament to a period of intensive work by our team and I would like to thank everyone for their efforts. "We have already completed the designs for our Processing Facility and engaged with key equipment suppliers to accelerate the implementation of Project Roan. I am confident that we are able to fund the capital required for the Project from our own strong cash reserves and our ability to raise project debt. "Our innovative designs allow us to commence production of the first copper concentrate within four months while we complete the remainder of the Processing Facility to ramp-up to full capacity over the following eight months. The additional copper units this Project brings to our Sable Refinery ensures we are able to maintain a strong margin for our copper cathode." Further Details The Processing Facility, which will have the ability to process 80 tonnes per hour, will be constructed in two phases targeting for its first copper concentrate to be delivered to Jubilee's Sable Refinery within four months of entering into the JV Agreement where it will be further upgraded to copper cathode. The Processing Facility has been strategically located with existing good infrastructure and facilities to attract the significant potential of further third-party copper material in the area. The copper material consisting of ROM Material and tailings are targeted to be upgraded at the Site with the acid soluble copper concentrate being refined to copper cathode at the Company's Sable Refinery in Zambia. The increased copper units presented to the Sable Refinery holds the potential to maintain a strong operational margin targeting all in copper unit cost in the order of USD 4 000 per tonne of cathode (all in cost includes the acquisition cost of copper concentrate by Sable Refinery under the JV Agreement with the joint venture partner ("JV Partner")). Project Roan is targeting the production of 10 000 tonnes of equivalent copper units per annum of copper concentrate for further refining supporting Jubilee's rapid copper expansion strategy to increase capacity to in excess of 25 000 tonnes of copper per annum. Project Roan is a strategic addition to Project Elephant, which secured the rights to approximately 150 million tonnes of copper tailings in Zambia. Further information on Project Elephant and Jubilee's strategy in Zambia can be found in the announcement of 18 June 2020.