Jubilee Metals Share Discussion Threads

[lostabillion] 07/11/2020 09:37

Thanks GSG :—)

[gsg] 07/11/2020 09:24

Thanks to robers for pointing this out.


WH Ireland broker note update





Jubilee today announces that it has tied up access to a further 115Mt of copper
(cobalt) tailings (grading 0.3% copper and 0.05% Co) within 50km of its “Project
Elephant” (with 150Mt of tailings). Today’s news fits right into Jubilee’s strategy
in Zambia of securing sufficient feed for its Sable copper refinery at Kabwe and
this should enable a near doubling of capacity at this existing plant to 25kt/yr of
copper cathode over the short-term.

As with previous Zambian transactions, this will be a JV with Jubilee responsible
for building and operating the tailings upgrade plant and having first rights on the
oxide and sulphide concentrates. Returns will be split between the partners
(minimum 70% to Jubilee) after an allocation for the capital cost of the plant. The
proximity between the various projects in Zambia means that there could be
some sharing of common fixed costs which would be of benefit both logistically
and financially. Funding is expected to be from Jubilee cash flow and non-dilutive
financing under negotiation currently.

WHI View: The key to the ongoing success at the Sable refinery is security of
supply of raw material given that Sable does not have a captive raw material
source. With its recent transactions for Projects “Roan” and “Elephant” in
country, and in the light of today’s announcement, Jubilee has sight over a
significant copper resource which it can process using its own technical expertise.
We see Zambia as the earnings growth engine for Jubilee and see Jubilee
establishing itself as the regional leader in copper tailings processing in a region
which we see as offering many further opportunities.

Paul Smith

Analyst

[lostabillion] 07/11/2020 08:27

Thanks Frog but sticking with Lloyds for this dabble.

[frogkid] 07/11/2020 06:55

Better off with Goldplat or , for a real gamble Wishbone.

[lostabillion] 07/11/2020 06:53

I top sliced a few yesterday at the peak (luckily) as mentioned.

I’ve stuck that top slice into Lloyds and aiming for a quick 15% profit over the next week or so.

Anticipating a small pullback here but might be wrong. If it does pull back say 5% I’ll have increased my top slice by 20%.

Just being transparent, let’s see if I get it right or totally wrong! Giving it a couple of weeks to play out.

Still hold many millions here, just having a little dabble to increase my holding here.

[plat hunter] 06/11/2020 22:25

132 open Monday ...Gold held into the weekend and Dollar fubar.

[plat hunter] 06/11/2020 22:22

Anyway that's enough fish puns.... I know my plaice

[plat hunter] 06/11/2020 22:21

Apes don't read philosophy...Yes they do, they just can't understand it.

[plat hunter] 06/11/2020 22:14

"Just don't call me stupid"

[plat hunter] 06/11/2020 22:05

It's all good... More along the lines of cinematography than criminology though.

[bullster] 06/11/2020 21:42

.
.

There was a certain amount of scaremongering as to the longevity of pgm and chrome production at our INYONI facility, in recent days.
Let me assure shareholders that INYONI has enough feed to keep the facility running for 8 years, at least and at this present time.
It has been on my agenda for a while, to do an inventory of feed for INYONI and ELAND PGM CONCENTRATORS, now is a good a time as ever.

We have two ore crushing facilities giving 3rd party services whereby we crush, return concentrate but keep the tailings.
1)WINDSOR
2)EX HERNIC

We have three tailings crushing plants, which can include fine chrome.
1)WINDSOR
2)INYONI
3)WINDSOR 8, was expected to start operating by the end of September, after an upgrade.

We have six tailings feeds.
1)2)From 40,000 tonnes of ore per month at WINDSOR, and residual of 1,450,000 tonne DUMP
3)From ore at EX HERNIC, from 80,000 tonnes per month
4)From EX HERNIC DUMP, 1,700,000 tonnes
5)From BOKFONTEIN DUMP adjacent to WINDSOR, 1,000,000 tonnes
6)From WINDSOR 8 DUMP, rate of 35,000 tonnes per month

PGM and CHROME EARNINGS :
1)Saleable chrome concentrate upwards of 80.000 tonnes per month.
2)Upgraded material to feed INYONI and ELAND PGM CONCENTRATORS, upwards of 110,000 tonnes per month, to produce upwards of 5,000 PGM ounces.




RNS SOURCES:

"We continue to strive toward ensuring that our operations are constantly supplied with quality feed sources allowing them to operate at full capacity, whilst at the same time significantly increasing our surface PGM resources from the discard of the chrome operations. The Processing Agreement secures up to 80 000 tonnes of ROM feed for our Inyoni Chrome plant for the next eight years in addition to the already 95 000 tonnes per month of chrome processing capacity secured at our Windsor Chrome plant and new Windsor 8 facility as previously announced. Jubilee now has the ability to produce in excess of 90 000 tonnes of saleable chrome concentrate per month under protected operational margins and adding to its existing PGM resources."

"and the 35 000 tonnes per month feed material secured at its new Windsor 8 facility"



"As announced on 24 October 2019, Jubilee entered into a framework and tailings purchase agreement ("Tailings Agreement") with NewCo, to acquire 100% of the rights to PGM earnings from the current and future tailings produced at Jubilee's Hernic Project ("Hernic") located in the Bushveld Complex, South Africa. In addition to the current unprocessed 1 700 000 tonnes of historical tailings at the Inyoni Operations and the 630 000 tonnes of previously processed tailings, Jubilee has acquired the rights to a further c. 1 000 000 tonnes of PGM rich material."



.
.

[trinitypete] 06/11/2020 20:53

Xttps://www.gazetteandherald.co.uk/news/13410447.drug-dealer-called-wanda-netted-by-wiltshire-police-in-six-month-operation/

lol

just joking PH

[philby1] 06/11/2020 17:55

Palladium on a tear at $2380.

[plat hunter] 06/11/2020 17:48

I'll be fishing Monday Dan

[danieldanrichardson] 06/11/2020 17:38

Get smoking Plat, then come back Monday morning paranoid and angry as is your way.

[plat hunter] 06/11/2020 16:52

Lol if you say so Dan... Keep swimming with the current.

[danieldanrichardson] 06/11/2020 16:36

That cuts both ways Platty.

[kennyp52] 06/11/2020 16:26

Test 4.5p ... are you totally deluded ? Only going 1 way now ... 🚀

[plat hunter] 06/11/2020 16:17

There's a couple in here who will understand the subtle reference Dan, you was never going to be one of them lol

[danieldanrichardson] 06/11/2020 16:13

It was already obvious you don't have a girlfriend Plathunter.

[plat hunter] 06/11/2020 16:00

A little Brazilian girl called Wanda, is also getting delivered later :-P

[bullster] 06/11/2020 15:58

.
.

In last years results the actual earnings figure for PGM's was $1,080 lower than the BBI figure, per ounce.

BBI $2,485 minus $1,080 = $1,405

5,000 PGM ounces for the month would be $7,025,000 earnings.

.
.

[hodhasharon] 06/11/2020 15:38

We test the 4.5p support now.