Jubilee Metals Share Discussion Threads

[sb] 01/3/2021 18:38

I am curious why the sudden apparent negativity, Bullster?

[scrappycat] 01/3/2021 18:10

Bullster,

The 'Big Boys' can certainly do well for themselves, but what about the little boys?
How many little boys have mines with a life span of 80 years?

I would venture to say, the 'Big Boys' in any industry can invariably look after themselves. A good example at the moment, are the Saudis, who are spreading their wings into mining, and out of oil. The other big oilers will surely find something that takes their fancy as a revenue replacement for oil. Hydrogen perhaps?

[bullster] 01/3/2021 17:51

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Miners outsource their tailings retreatment.

They concentrate on what's more profitable for them.

Even in their loss making days they never resorted to buying out tailings retreatment firms.

With longer financial planning that a 80 year mine lifespan affords, capex becomes less important.

The big boys are doing over 1million pgm ounces per year, go look at their profits.

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[sb] 01/3/2021 17:47

Plus the capital and time required to develop a new mine with all of the risk associated is a high stakes game... Its the only opportunity SLP has for growth... We can move into other metals and are doing so..

[goingforarun] 01/3/2021 17:41

Bullster, tailings will always run out? Everything does? From your PGM details we have something like 3-4 years to get a new contract? Surely achievable?

[jackthecat1] 01/3/2021 17:00

point taken BULL and GSG. a waiting game now. Should be an interesting month ahead

[bullster] 01/3/2021 16:39

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Not bearish when we could generate enough cash to begin mining our own ore.

Pointing out that mining is more lucrative than tailings retreatment is not being bearish, just pointing out the obvious .

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[jackthecat1] 01/3/2021 16:36

luckily there are likely 5000 years worth of tailings lying about all over Africa and Australia, never mind the rest of the world. I'm sure JLP have plenty to be getting on with for the next 10-20 years. lol

[adejuk] 01/3/2021 16:32

bull
you seem bearish suddenly
why

[bullster] 01/3/2021 16:30

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Tailings all over the world that we don't own and would cost a lot to buy into it.

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[pshevlin] 01/3/2021 16:22

Plenty of tailings all over the world. What is the estimated lifespan of the ones we have already?

[freedom97] 01/3/2021 16:22

Don't forget we have Tjate. ;-)

[bullster] 01/3/2021 16:03

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Look at DCM.

40 years to accumulate tailings that we took no time to process.

Twiddle your thumbs for the next 40 years waiting for the tailings to build up again.

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[bullster] 01/3/2021 15:48

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Mining has a far higher resources gearing than tailings.

Mining creates 10 years work to 1 years work for a tailings operator.

The miners ore needs less work to produce a far higher grade saleable product.

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[pshevlin] 01/3/2021 15:36

Nowhere near the same risk as mining as long as contracts are watertight.

[adejuk] 01/3/2021 15:21

but v low capex for output

[bullster] 01/3/2021 15:00

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marmar80,

Why ?

We are low profit, compared to mining.

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[marmar80] 01/3/2021 14:18

Taking over Jubilee would make a lot of sense for them imo

[bullster] 01/3/2021 13:36

PLATINUM
49%
@
$1,210.00
$592.90


PALLADIUM
40%
@
$2,269.00
$907.60


RHODIUM
9%
@
$24,500.00
$2,205.00


GOLD
2%
@
$1,734.00
$34.68





B.B.I. =
$3,740.18

[robers98] 01/3/2021 12:50

Implats poised to approve R10bn, 360,000 oz PGM expansions in SA, Zimbabwe

IMPALA Platinum (Implats) is assessing two growth projects that will add 262,000 oz to its annual production – just over 14% of total output – at a potential cost of R10bn.

Nico Muller, CEO of Implats, said in a press call today following the publication of the firm’s interim results, that 180,000 oz in additional (growth) ounces would be produced from each of its Two Rivers joint venture and its 87%-owned Zimplats mine at a capital cost of R10bn over a four to five year period.

“This subject to formal approval,” said Muller, who added a decision was imminent. Of the two projects, some R5.7 would be spent on the Two Rivers project in which Implats has an 46% stake. African Rainbow Minerals is the other joint venture partner in Two Rivers.

On an attributable basis, therefore, Implats would be in for R2.6bn in capex and take 82,800 oz/year in production (but process all of its production at its processing facilities – Impala Refining Services. On Zimplats, Implats is assessing a capital outlay of $290m, equal to R4.43bn.

Implat’s attributable capital outlay for both projects is R7,06bn.

“These are low cost, shallow ounces which is exactly what we are looking at as a company,” said Muller, who added – however – that the group had also strategised for growth through tier one to tier three opportunities.

Whilst the potential new projects were tier one opportunities, Implats was also looking at potential merger and acquisition activity including possible tier three opportunities which would be in battery minerals.

“Impala is interested in investing in its future. We are interested in investing in other parts of the value chain or beyond PGM production in battery metals or associated metals. We would not exclude the possibility of external growth but we won’t grow for the sake of it.”

Asked for details on potential battery metals investment, Muller responded: “Tier three assets may or may not be battery metals.

“I must stress that we are not in a position to make an announcement on this in either the six or 12 months. But we have not excluded it from our universe”.

Johan Theron, spokesman for Implats, added that the company already produced nickel, copper and cobalt as a by-product of its platinum, palladium and rhodium production so a move into battery metals would not be a departure.

Taking on meaningful diversification is, however, potentially big news for Implats especially as offshore growth – where much of the battery metals deposits are located – involves high outlay. Sibanye-Stillwater announced earlier this week that it had taken a 30% stake in a Finland lithium project that is hoping to build a R6bn mine.