Jubilee Metals Share Discussion Threads

[robers98] 19/11/2020 08:30

Keep an eye out for yesterday's.

[robers98] 19/11/2020 08:23

The Licensed Taxi Drivers' Association (LTDA) estimates only one in five cabbies is still driving their vehicle

Hundreds of London black cabs have been mothballed in fields around the capital because work has dried up during the coronavirus pandemic.

[billyusa] 19/11/2020 07:10

Chrome concentrate down in China to 134$ a ton, bad news for chrome producers if you don't have the efficiencies like Jubilee Metals. More chrome producers closing mines or going bust at this low price, good luck to Sylvania Platinum.

[billyusa] 19/11/2020 06:09

Rhodium up again in China this morning to 15750 $ BASF

[gsg] 18/11/2020 21:49

Bullster. You've cracked it.

Let's see what the potential deal is on Tjate. We're playing second fiddle to Twickenham and Marula, however Tjate is the meat in the sandwich.

[robers98] 18/11/2020 21:35

Well done Bullster this makes an ideal option for a Chinese Co looking to the future.
Anglo can already be tracked to a comment by the board earlier in the year for a sale of Twickenham. As they don't want to spend on broken plant.
More difficult to find anything on Marula, but leon had an interesting comment of Tjate being required now.
Will be good to review that part when the webcast is put on the website.

[bullster] 18/11/2020 21:03

.
.
TJATE.

Leon mentions three together, Twickenham and Marula and Tjate as a possible project for someone, rather than a deal for Tjate by itself.
Once you zoom in and out of the three locations you will get a feel for the terrain and the proximity to each other.
If you imagine the reefs being like a large shallow bowl, beneath the earth, Twickenham is on the north rim and Marula on the east rim, Tjate is further down the bowl slope and is about 1,000 metres deeper than Twickenham.
Twickenham and Marula may have already mined close up to Tjate's border, so why not carry on through and break into Tjate.
The big benefit of this approach is that it eliminates a 18 month task of sinking an expensive deep shaft, along with not spoiling the picturesque valley floor with a blot on the landscape.
Leon must have an inkling, just to mention "project".


Tjate community centre complex, Leon is pictured here on JM website.


Twickenham Mine (Anglo American)


Marula Mine (Implats)


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[deme1] 18/11/2020 19:32

Robbers

if you look at his other tweets then you will see he is a holder of JLP. So the speculation is all on his part IMo

[highly geared] 18/11/2020 18:47

EJSF1 , superb post. Completely aligns with my thinking for 2022 and a £ billion company in the making, near term.

[adejuk] 18/11/2020 18:42

intrigued why no rise today.
tmrw could be interesting - but not in the chinese way, i hope.
and the spread is egregious

[robers98] 18/11/2020 18:12

Don't know what they picked up on, but must have been on the call.

[billyusa] 18/11/2020 15:34

WPIC: Platinum demand outstrips supply with 1.2 moz deficit now expected in 2020. It just gets better and better for pgm producers!

[mikebolle1] 18/11/2020 15:32

I am invested in five companies now, spanning various sectors. Jubilee is the smallest, mcap wise (but the biggest of my holdings), but it is the one to give me some sort of an inner peace. I said it before...I'm no expert when it comes to mining-stuff, processing plants, etc. but I know whatever we do, we do it well and the "Jubs way" seems to make us money. And watching the webcast today, I really feel proud to be associated with this company.
My 5cents worth...

[bullster] 18/11/2020 15:24

.
$2,500 SMASHED !



PLATINUM
49%
@
$942.00
$461.58


PALLADIUM
40%
@
$2,226.00
$890.40


RHODIUM
9%
@
$12,800.00
$1,152.00


GOLD
2%
@
$1,877.00
$37.54





B.B.I. =
$2,541.52


Updated at 17:50

[moneyman50] 18/11/2020 14:50

The only thing that has run out in relation to JLP is Plathunter’s credibility

[billyusa] 18/11/2020 14:49

Rhodium up 500$ at 15500$ now, on the BASF website. 20000$ incoming...

[marmar80] 18/11/2020 14:08

You starting to believe too. After this failure I think Anglo will be looking to buy a processing unit in their area and Jubilee is right there for them.

[the bull] 18/11/2020 13:59

I saw the anglo american pop up also, perhaps Jubilee will be a division of anglo soon, roll on that rns

[sb] 18/11/2020 13:43

So Plat claiming they are running out of PGM source stock was just another fallacious claim... I say again, JLP are going to eat Sylvanias lunch... And breakfast and dinner too...

[bullster] 18/11/2020 13:26

.
.

aas,

I was never concerned about compensation.

I am only interested in Jubilee getting into nikel, which could be more lucrative than copper.

.
.

[ejfs1] 18/11/2020 13:22

Key takeaways from the call:
PGM cost target now <$400 post efficiency gains and Inyoni scale. At current PGM basket price £1300 (net post recovery losses) this translates to £1000 per ounce. The current PGM run-rate is >60k oz pa but post Inyoni expansion we should be looking at 75k * £1000/oz = £75m pa.
Importantly this PGM output will be 80% generated through new post-chrome tailings following the expansion in chrome processing (Windsor 8 plus one other). This means Inyoni tailings life now extended to at least ten years. Moreover, the chrome is now 85% contracted at $15-18 per ton so at the 250k tonnes per quarter target post expansion equates to over £10m pa.
The stated copper cost target of $4000 means that the margin per ton of copper should be well above £2000 at current prices (and the prospects are bullish for further gains going forward) so at 25k tons target output, we're on £50m pa from copper.
Therefore ex anything else - cobalt, zinc, lead, vanadium e.t.c. - the company should be on track to generate £135m pa EBIT from 2022 (75+10+50). This will put the stock on 1.5x PE 2022. More importantly, once the company is proving the box economics of these projects at extremely high returns on capital (>50%) the opportunity to find opportunities to grow are immense. On ROIC - g/WACC - g (50% - 10%/15% - 10%) the stock should trade on 8x Invested Capital. IC is approx £100m so Enterprise Value (i.e. Market cap as it's pretty much debt neutral) is £800m. Tjate is just a crumb.

[verulamium] 18/11/2020 13:21

Hi Losta - I sent a message during the webinar pointing out that lots of people hadn't been able to connect until more than 10 mins in, and asking if they might publish it somewhere. Shoddy platform they used - I've never had problems like that on investormeetcompany. There was an intriguing erronious pop-up asking if we had any questions for Anglo American...

[lostabillion] 18/11/2020 13:03

Thanks 1MM. Hopefully they’ll add it to the website.

[goingforarun] 18/11/2020 13:00

With Copper, Zinc and Lead all on stream in various guises in 2021 the array of metals being processed is staggering and reduces the single metal price risk further! I’m also interested/puzzled why Colin continued to talk about Tjate when enough was said by Leon. Just makes me wonder whether conversations are quite advanced?