Jubilee Metals Share Discussion Threads

[gsg] 20/3/2021 11:04

The great untold story here is how Leon has driven Jubilee so successfully, and turned the tables on the once dominant Sylvania on the ground in SA over the last 10 years in the chrome/pgm space.

The deals over the last few years between Jubilee and Samancor is a case in point.

[frogkid] 20/3/2021 10:13

Very informed gentleman is Dorfan, I am very encouraged that he had invested in JLP, his background is highly relevant.

[robers98] 20/3/2021 10:07

Something is brewing at JLP,they can't have radio silence for much longer. Imo

[robers98] 20/3/2021 10:06

Only started posting in January and has good info.otherwise all lse site is bothered about is share price predictions.

Extra Chrome and PGM 's this half year Inyoni May -June 160000 tons Windsor 140000 tons.
Extra Copper and Cobalt 14000 tons ?and with the prices we are now seeing for Copper, Platinum and even Chrome more than 70000 pounds is on the cards.Of course we will have to deduct tax so difficult to calculate accurately.

[robers98] 20/3/2021 10:03

Look at last years accounts it does not mention profits.It mentions revenue and earnings.Are you a CA (I am) earnings equals profits after tax .Saying earnings after tax is the same as saying profits after tax.This is my last word on this subject.
What is important is to calculate as I have ,that Jubilee is the cheapest entry into all metals without mining and produces all metals at less than half the cost of mining.It will at some stage enjoy a better PE than mining stocks.
Also where else can you enjoy the spectacular rise in prices of PGM's and copper in the same share. IT IS THE CHEAPEST ENTRY INTO RESOURCES if you want to compare with RIO or BHP .

[robers98] 20/3/2021 10:02

The link to morningstar is really of little use as I can only think it was updated years ago.An almost updated link (I see C Bird shares no longer reflect and Slater is the 3rd biggest holder )can be found on www.
simplywall.st/stocks/gb/materials/aim-jlp/jubilee-metals-group-shares who incidently put a valuation of 23p on JLP.
I am generally impressed with the quality of posts by this chat group. Let me tell you my story which was close to what JLP have experieced and I believe will allow JLP shareholders to be optimistic for the future of the company. I took over a company in South Africa by dismissing the directors at a stage when the share price was 4c and the issued share capital 32 Million shares (Market cap 1.24 Million)I had a dream the same as Leon now has. I linked up with T McConnachie ex CEO of Sylvania with him becoming CEO and myself Chairman of the company.I smile to myself everytime I read that Colin took out his cannon and was issuing more shares.How on earth can you grow a company with no money except by issuing shares.( I also received no salary for years)In my case the eventual issued share capital of the company became more than 2.5 Billion and at one stage the market cap exceeded 10 billion Rand (Much lower now as the company was in ferrochrome but I pride myself that nobody ever lost money on the shares we issued ).Because of my experience I looked at Jubilee and decided to do my own investigation. Good companies are well managed companies and Jubilee management have exceeded my wildest dreams. Being in the mining game I had heard of Leon who was well thought of.
Yes some deals were not ideal but all have been rectified with wonderful results.I refer to the original agreements with Hernic and BMR which were both altered will now become Jubilee's biggest money spinners.Thank you both(Colin and Leon) I know what you have been through. You have my strong support for what you have achieved and WILL achieve for the company

[robers98] 20/3/2021 10:00

JLP Positive I believe you have it spot on in comparing JLP to SLP and THS.
I know more about SLP as of course I know Terry McConnachie very well and have a high regard for his ability but he is no longer there.From what I can gather they did very well with the previous bull market in platinum and I likely to do well again.BUT they are heavily reliant on PGM's. Jubilee have so many other income streams and if Platinum is about to run as it did before what about Tjate? Jubilee has that to look forward to

[robers98] 20/3/2021 09:58

Some other dorfan posts.

I hope we are around to see Jubilee at 1 Pound. What is wonderful about Jubilee is that the board made two big mistakes which have both been rectified and have been the making of Jubilee.When I spoke to Terry McConnachie and told him I had made a investment in Jubilee he told me to look carefully at the original Hernic contract.I did so and saw it was not ideal but Hey the board have corrected the original agreement and is now it is raking in the cash. Also the original contract with BMR started off badly with the cancellation of their licence but has since turned into a great win for Jubilee so I agree with you , Leon has been a great CEO and Jubilee has been an extremely fortunate company.

[bullster] 20/3/2021 09:50

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Chromium in the ascendancy.


Leon commented in January that chrome earnings had risen to around $20 per tonne. For the full year results to July 2020 the chrome earnings was $2 per tonne. For the six months July to December, the chrome earnings was $4.25 per tonne.

Robers98 new information may suggest earnings now around $27 per tonne coupled with our recent restart of fine chrome and larger volume from new third party contracts, even more cash will be rolling in.

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[gsg] 20/3/2021 09:48

This is indeed interesting news for Jubilee imo.



European ferro-chrome benchmark jumps 32% to $1.56/lb Cr for Q2 2021

The European charge and high-carbon ferro-chrome benchmark for the second quarter of 2021 has leapt up to $1.56 per lb Cr, a jump of 38.5 cents (32.77%) from the first quarter.

The settlement is announced every quarter by Merafe Resources, which operates a chrome joint venture with trader-miner Glencore in South Africa.

The benchmark is a forward-looking price for the coming quarter. It is settled via negotiations between a leading South African ferro-chrome producer and a major European stainless steel mill.

[bullster] 20/3/2021 09:23

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DCM 160 oz per day
WINDSOR 110 oz per day
JMG/MORULA 65 oz per day

It has been a good exercise to make sense of the figures above.
They appeared when hovering my mouse pointer over the specific photos in the gallery of Jubilee Metals own website. As a few of us eagle eyed, began to discuss them on the bulletin board they promptly disappeared.

The figures i give are meant as a rough guide and a common sense understanding of upgrading or enriching of feedstock, from differing sources, whether from fresh mine arisings or other.

JMC and PLATCRO are your typical long standing dump material, oxidisation takes its toll over the years to reduce the pgm content to around 2.7 grams per tonne. If you put this material through the process at the 55,000 tonnes per month rate it would yeild 1,711 troy ounces of pgms.
At the top end, the removal of unwanted material by way of wet spiral and fine chrome, as in the DCM case, results in a product that contains 7.2 grams per tonne. The gains when putting this material through the froth floatation is obvious .

Whoever added then removed the information or even the accuracy of it, remains speculation and i hope you appreciate that my interpretation is an attempt to give some perspective and not a definitive scenario .
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[lostabillion] 20/3/2021 08:39

.....and this reply from Dorfan01..............



Warren Your find is massive .I was the first chairman of Merafe who dont produce ferrochrome themselves but do so in a J/V with Glencore and as far as I can remember during my time at Merafe the price was seldom that good.Leon has announced a deal with Samancor that there is a formulae for Jubilee to receive a % of any increase in the chrome price and Jubilee is a massive producer of chrome which is the main metal in ferrochrome
(Iron and chrome are blended in a smelter to produce ferrochrome.) So good for Iron as well.
On the new price announcement, on the LSE Glencor also now becomes a great buy and for the JSE, Merafe and Glencor should take off. All good for Jubilee listed on both the JSE and LSE.
I can now add chrome to my original post as a company producing so many metals at much higher prices

[lostabillion] 20/3/2021 08:29

Thank you for sharing your research Robers98. Appreciated.

Credit to Warrensolz on lse for this below..........

Not sure if this is relevant:19 March 2021
Merafe Ferrochrome "Shareholders of the Company are advised that the European benchmark ferrochrome price for the
second quarter of 2021 has been settled at 156 US cents per pound, a 32.8% increase from the first
quarter of 2021."
I am very interested to see your comments! P.S. Thanks to all for the mountain of knowledge kindly donated to this forum, much appreciated! I am learning a lot!

[robers98] 19/3/2021 22:56

Keep in mind what the rest of the pgm market is doing.

[robers98] 19/3/2021 22:46

Dunne primes Northam shareholders for cash bonanza as PGM sector enters “best 10 years

“Potentially the best decade ever,” is how Dunne described PGM supply and demand fundamentals currently. In addition to supply deficits for palladium and rhodium, he pointed to a structural deficit in iridium that had seen its price increase to $3,500/oz from $1,500/oz in a year, and the possibility of a similar price appreciation for ruthenium, a metal Northam produces most after platinum and palladium.

[robers98] 19/3/2021 22:20

Northam Platinum sets out five-year output growth plan after profit bonanza

[robers98] 19/3/2021 21:23

Poster Dorfan over on lse has had a few decent posts worth a read. Management only would really need to say if they had failed to deliver copper.

[1madmarky] 19/3/2021 21:18

Here here!

[robers98] 19/3/2021 21:08

With some proper guidance figures we should already be trading at a higher level.

[robers98] 19/3/2021 21:06

Windsor shut as feed supply had shutdown. Inyoni might have had a couple of days. The comment was when leon was saying Inyoni had produced 3,000

[gsg] 19/3/2021 21:00

Nope. Not with the new Inyoni. It's 24/7 365 days a year production.