Jubilee Metals Share Discussion Threads

[scrappycat] 19/3/2021 12:19

As I have long said, a money printing machine. Ultimately, the truth will out.

[gsg] 19/3/2021 12:16

Hope you are right Billy. 167,900 pgm ounces per annum. That really would blow the doors off.

[billyusa] 19/3/2021 12:05

Leon stated on record that Jubilee will become top 6 pgm producer in the world, now go google what kind of figures that would be, 350-500k ounces(6E). Still a loooong way to go.

[billyusa] 19/3/2021 11:55

Inyoni 1 does about 85 ounces per day, that's the top figure(design capacity of 2500 ounces per month which has increased lately) that needs to be added to the 40 ounces extra per day. I could be wrong but that's how I see it.

[gsg] 19/3/2021 11:45

Sorry billy but I still get 375 ounces per day.


40+160+110+65= 375

[robers98] 19/3/2021 10:52

As an addition if we are processing DCM at full tilt what are we building a cash mountain for? Other purchases or keeping debt levels low?

[alpal2] 19/3/2021 10:48

Share price sagging due to lower metal prices today. Have to wait for announcement of ??? early April. Then, well over 17p [at the risk of sounding like ph]

[gsg] 19/3/2021 10:42

Thanks John.

Good point robers.

The PGM production from the DCM feed is stated on the slide at 160 ounces per day, so that could account for a good chunk of the enhanced numbers from previous official guidance in one hit.

[robers98] 19/3/2021 10:37

GSG,
Leon has been very vague just saying pgm expansion. But then nothing since the brief end of January video. Only thing I could think off is whether any of the boxes were either x or y as in switching over between material. Otherwise the figures seem pretty clear & indicated which material was involved. As we know DCM material has already been greatly enhanced having gone through the fine chrome plant.
If the figures come off a pretty good expansion!!

[robers98] 19/3/2021 10:29

frog nope not holding 17p by the looks of it.

[john185] 19/3/2021 10:27

GSG

I saw those at the time also. Wondered at the time whether the photos had been used in some kind of presentation to institutional investors only and someone had forgotten to remove the tag lines. In any event the increased chrome processing capacity we have over a year ago implies to me that pgm production should increase in line.

[gsg] 19/3/2021 10:25

tintin.

I would normally agree, however the wording and the numbers on the captions refers to specific pgm streams from individual named sites which all sound plausible.

However the total is unbelievable.

[gsg] 19/3/2021 10:10

With the obscene amount of cash being generated by the PGM miners in South Africa, I felt the need to look again at the website images with production numbers that were put up by Jubilee for a couple of hours two months ago. I was lucky enough to write down the numbers before they were removed.

Just adding up the production numbers from the slides for each site brings a total daily production of 375 ounces per day. Annualised at 136,875 ounces of pgm production for Jubilee.

Obviously very much more than guidance. Can anyone correct me on this or does anyone interpret the slide production numbers differently?

[frogkid] 19/3/2021 09:48

It would be nice to hold 17 for the weekend

[kennyp52] 19/3/2021 09:02

You ramp like you are desperate Losta . Don’t believe you hold many shares . Your 6p deramp was pathetic . You have zero credibility .

[freedom97] 19/3/2021 08:44

Thanks GSG for the link. So they believe Rhodium is going to $30,000+ and all pgm's will continue going up for long time to come.

[lostabillion] 19/3/2021 08:42

Exciting days, weeks and months ahead.

PS: Rhodium is surging again.

[gsg] 19/3/2021 08:38

From the interview above.

"To put it in perspective, Anglo American Platinum forcast cash flow return on investment which takes into account gross investment is 38%. Less than 1% of companies in the world have a CFROI of greater than 30%. This is just off the charts, the returns they are generating"

And Jubilee are in the same space albeit on a much smaller scale. Jubilee's cashflow returns will also be interesting to see.

[gsg] 19/3/2021 08:17

WATCH: Is this a new PGM paradigm?

Michael Avery talks to a panel about how long the surge in palladium and rhodium prices might last

18 MARCH 2021 - 14:46 BUSINESS DAY TV

[sb] 19/3/2021 08:08

Thank you, SF.

[mikebolle1] 19/3/2021 05:09

Will this be more-or-less the case with Jubilee...Bullster?

[swordfish7] 19/3/2021 01:23

sb - You need to capitalize at lease one of the letters in https

[jackthecat1] 18/3/2021 21:00

sb.. many thanks indeed re TW's comments, appreciate it. I will be glued to the screen with any news flow and how theyve been trading since December, profits, cashflows, new projects etc etc .

All good in the JLP hood.