Jubilee Metals Share Discussion Threads

[bullster] 14/1/2021 13:56

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billyusa,

The low price on chrome is because we don't own it.

More and more we are toll processing 3rd parties ores at a guaranteed price.
We are losing the market value of the chrome to costs to produce.

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[9tintin] 14/1/2021 13:51

Bullster

That's more or less what you predicted for PGMs is it not.

Appreciation will give a 50% uplift on those numbers, for the next six months IF the basket price holds.

tintin

[highly geared] 14/1/2021 13:51

So, there we have it! £65-70 million earnings nailed on for FY to 30th June and we’re only at the very start of the copper earnings profile + Tjate sat there with zilch in the valuation.

Sit back, smoke a bit fat cigar and wait for the initial 6 month rerate to 25p and then onwards to 50p over the next 12 months as copper production ramps up.

[billyusa] 14/1/2021 13:49

British pounds bullster not dollars!

[billyusa] 14/1/2021 13:46

Price of chrome has gone parabolic in the last 2 weeks.

[bullster] 14/1/2021 13:45

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PGM EARNINGS :

28,187 oz for $37,281,680

$1,323 per ounce.

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[billyusa] 14/1/2021 13:44

bullster, don't forget the refurbishment cost on the windsor 8 plant in the last Q, why the low earnings on chrome.

[spaceparallax] 14/1/2021 13:41

Superb operational update, just in time to maintain the sp's upward momentum, which had shown signs of slowing recently. We should soon be upto 20pps.

[billyusa] 14/1/2021 13:41

john185, this is why Leon stated Jubilee will become top 6 pgm producer in the world, plenty of news that is being held back IMO.

[bullster] 14/1/2021 13:37

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CHROME EARNINGS:

319,834 tonnes for $1,366,800

$4.27 per tonne

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[freedom97] 14/1/2021 13:37

No doubt we will see more project news issued soon from what Leon was saying in recent interviews as the company grows.

I'm surprised some have sold, but maybe they are happy with the profit they gain and don't want huge profits in the coming months. Lots of good news to follow imo. JLP is a share to hold, plenty other loss making companies to sell and move funds to Jubilee.

AS always DYOR!

[1madmarky] 14/1/2021 13:32

Perhaps Mr market was expecting 25,000 tpa copper tomorrow, instead of over the next few years...

[scrappycat] 14/1/2021 13:29

Of course, the 'sell on news' brigade may well join the party.

[john185] 14/1/2021 13:29

In the highlights section of the RNS mention is made of 35000 tpm capacity recently completed at Windsor8 and 80000 tpm under construction next to Inyoni. Even at a very conservative estimated recovery of only 0.5 g/t would this not give us additional pgms of getting on for 2000 oz per month?

[adejuk] 14/1/2021 13:25

but enough global doubt to encourage selling for huge profits

[scrappycat] 14/1/2021 13:20

Warrant holder has only c2 million shares to dispose of, so a drop in the ocean really.

[9tintin] 14/1/2021 13:19

Earnings are slightly better than predicted on here - combo of better chrome returns and a contribution from copper so all that's excellent news - only reservation is Roan is not up and running until February, not sure what caused the delay, as it's being implemented in phases.

Bearing in mind PGMs have appreciated a fair bit (about $600 an ounce) since these results were produced - there's not much to hold Jubilee back now.

Bet Leon will be smiling from ear to ear !!

tintin

[robers98] 14/1/2021 13:16

Jubilee Metals earnings soar as platinum and chrome recoveries hit record levels

Leon Coetzer, chief executive, said that against the coronavirus backdrop the second half had delivered an exceptional performance.

www.proactiveinvestors.co.uk/companies/news/938468/jubilee-metals-earnings-soar-as-platinum-and-chrome-recoveries-hit-record-levels-938468.html

[mikebolle] 14/1/2021 13:13

Lots of buying going on now on the jse, albeit smallish trades

[adejuk] 14/1/2021 13:05

in 2 months?

[adejuk] 14/1/2021 13:03

i'm not sure about this but i think getty was asked
how did you get so rich
answer
i left the last 10% for the little guy
principle? don't get greedy
lots of getty fans today

[tonyevo256] 14/1/2021 13:02

Very please with contribution from copper and cobalt and this is before Rohan has even started!!! So you can revise copper profits higher for F/Y

[adejuk] 14/1/2021 13:00

warrants selling
and why not
huge profits
but it is limited

[adejuk] 14/1/2021 12:56

buy the rumour
sell the news