Jubilee Metals Share Discussion Threads

[johnbull1] 06/1/2021 18:26

Remember they sell concentrate sludge, not the end metals. Like selling 55% chrome, it doesn't make sense to remove the remaining 45% ore. That's up to the refiners.

[johnbull1] 06/1/2021 18:24

See what you're saying 9tintin. My thinking was that they would sell ounces of PGM concentrate that wouldn't be 100% just the metals they're selling. And that's how you get to the basket rev/oz that the company reports, rather than figures that calc about 20% higher. Appreciate the debate, cheers.

[bullster] 06/1/2021 18:05

PLATINUM
49%
@
$1,093.00
$535.57


PALLADIUM
40%
@
$2,319.00
$927.60


RHODIUM
9%
@
$15,800.00
$1,422.00


GOLD
2%
@
$1,903.90
$38.08





B.B.I. =
$2,923.25

[deme1] 06/1/2021 17:53

I think John is confused.

That is the percentage of each metal that ends up in the finished product.

[9tintin] 06/1/2021 17:34

JB

I'm not sure I follow your logic - 100% of 1 ounce/pound/ton is still 100%

The breakdown as produced by WH Ireland will (IMO) reflect the composition of the finished product in it's parts the sum of which will be 100% of what is actually produced, as opposed to what % they started with (in the tailings)

Of course I might be completley wrong.

tintin

[deme1] 06/1/2021 17:31

Looks like someone panicked this morning and let go of nearly 2mil shares at 12.55p

oh dear

[johnbull1] 06/1/2021 17:01

But that doesn't seem to include recovery losses Tintin. They should not add to 100% as you don't get it all out unfortunately. The point is, I feel, to have a basket recovery formula that actually matches the numbers the company produces. Think mine does.

[9tintin] 06/1/2021 16:57

I'm sure Bullster has read the WH Ireland brokers note - LOL

The BBI is useful to monitor the progress of PGMs in general.

But in terms of evaluating Jubilee's basket earnings it is inaccurate, indeed Bullster has acknowledged this many times.

The actual basket % as close as is possible (WH Ireland)

Pt 60%
Pl 17%
Rh 8%
Ru 10%
Ir 4%

Nice to see Bullster back on the thread.

tintin

[johnbull1] 06/1/2021 16:45

Afraid that basket might be off a lot I think; palladium feels way too high. I remember some note saying it's more like 45 plat, 20 palladium, 7 rhodium, 7 rubidium, 2 irridium and almost no gold. I believe that tallies more with what the co actually received in Q1 revenues per ounce. (45%*950+20%*2200+7%*8000+7*900 + 2*1600)/1.3 $/GBP (prices off www.platinum.matthey.com/prices/price-charts) = £1180 per oz revenue matching pretty much exactly what was reported in Jubilee Q1.

Equivalent calc for Q2 (45%*975+20%*2350+7%*13000+7%*900+2%*1650)/1.35 = 1415! Minus target costs of 300 = £1100 per oz earnings. This might be just dreaming but let's see. If that's (at all) right, I'll recalc for Q3 because that just gets better.

[deme1] 06/1/2021 16:35

I was not dissing you Bullster

In fact thank you for your efforts.

[bullster] 06/1/2021 16:33

.

I CALCULATED THE EARNINGS PER PGM OUNCE FROM THE FULL YEAR RESULTS.

THAT FIGURE WHEN DEDUCTED FROM B.B.I. GIVES ME THE UNIQUE COST TO PRODUCE FIGURE.

AND THE EXACT EARNINGS FOR PGM OUNCES.

SO IT MATTERS NOT, THAT B.B.I. IS DIFFERENT FROM JLP BASKET PRICE.

B.B.I. MINUS THE UNIQUE COST TO PRODUCE FIGURE IS MORE INPORTANT AS IT MATCHES THE FULL YEAR RESULTS FIGURES.
Take note tintin.

.

[deme1] 06/1/2021 16:13

Even though that BBI not not be entirely accurate, Just look at the earnings from Rhodium! considering it is such a small percentage of the basket.

[frogkid] 06/1/2021 16:08

Thanks Bullster

[bullster] 06/1/2021 16:05

PLATINUM
49%
@
$1,080.00
$529.20


PALLADIUM
40%
@
$2,316.00
$926.40


RHODIUM
9%
@
$15,800.00
$1,422.00


GOLD
2%
@
$1,908.20
$38.16





B.B.I. =
$2,915.76

[freedom97] 06/1/2021 16:04

Rhodium still on the rise again UP $300 @$15,800

Plat on a down day, no doubt will bounce back tomorrow hopefully.

[daocana] 06/1/2021 15:54

now we can see why the share price has been held around 13p these last few trading sessions.someone accumalating big trades just gone through.not the time to sell.onwards and upwards from here

[deme1] 06/1/2021 15:39

Rhodium up another 300

already tine to update the basket price Bullster lol

[cervelo] 06/1/2021 15:21

£2.4m trade...thats a biggie...

[deme1] 06/1/2021 15:01

132 mil traded so far today, Slow day :)

[robers98] 06/1/2021 14:59

Wonder if Vikrant is the warrant holder??

[nelson01] 06/1/2021 14:57

I decided to take a few more, 50 mil to be exact

[deme1] 06/1/2021 14:53

Losta has finally found a buyer lol

[deme1] 06/1/2021 14:50

well the other trades must be yours.

as I am currently trading whilst dodging pirates on my super yacht off the Somali coast.

[nelson01] 06/1/2021 14:49

It can't be deme they are all mine. I'm currently in the Indian Ocean on my super yacht.

[marmar80] 06/1/2021 14:48

Wow look now lads. Trades!