Jubilee Metals Share Discussion Threads

[1madmarky] 30/3/2021 17:26

Thought leon said in one of the latest interviews that cobalt would not occur until elephant. As those tailings were from a cobalt miner.

[bullster] 30/3/2021 17:23

.
.

This for me has been like getting "blood out of a stone".
I smelled a rat, for a long while, until when the copper earnings appeared in the results with no mention of cobalt earnings.
I tried to make a comparison case with Ruashi Mining producing 38,000 tones of Copper to 4,400 tons of Cobalt per annum, which is 11.6%, BUT 1%, tell me your kidding.

"Figure 12 shows the cobalt precipitation achieved by Glencore – the previous operators of the Sable Refinery who took ore from the DRC which was rich in cobalt. We do not have clarity on what level of cobalt is present in the ore at Roan or Elephant and so choose at this stage to set our cobalt production to 1% of the copper production".

WHAT, YOU'VE NOT HAD A BLOODY SAMPLE ANALYSED AT THE LAB YET ?

.
.

[aceshi] 30/3/2021 17:21

BillyUSA........ "Mug Punters" or deceptive traders attempting to manipulate sentiment? We have always suffered both in abundance

[freedom97] 30/3/2021 15:21

"We include no value at the current time for the Tjate project in South Africa."

So not a penny included in the fair value of 21p. Any news of a company interested in either buying the Tjate Licence or doing a JV will very quickly send the share price north. Remember Jubilee own 67% of Tjate.

[frogkid] 30/3/2021 15:07

I think it is important to note the significance of the 12 month rise, many will be taking tax profits.

[freedom97] 30/3/2021 14:54

An excellent detailed report.

[billyusa] 30/3/2021 14:43

What happened to the Northam deal that apparently stopped(only by June when Jubilee is ready at Inyoni) and no expansion happening in the pgm division. Plenty dummies and clowns on here.

[gsg] 30/3/2021 13:42

Oh Yes!!!!


"70t/month of feed at Windsor and 30kt/m at Windsor 8 produces 60t/m of chromite and
up to 40t/month of tailings for PGM treatment (grading ~3.5g/t 4E). Old tailings at
Windsor are currently sent to Northam Platinum’s Eland plant where Jubilee has an
earnings share agreement post Northam and Jubilee specific costs – with an earnings split of 60:40 in Jubilee’s favour. Following on from the expansion of the PGM circuit at Inyoni all PGM-rich tails (and the old Windsor tailings) will be sent to Jubilee’s own 100% owned circuit for full value capture."

[freedom97] 30/3/2021 13:22

So anything under 21p is a bargain!

Hello! what's the current SP, less than 16p!!

[freedom97] 30/3/2021 13:20

Thanks Wilpex.

"We see fair value at 21p/sh"

[deme1] 30/3/2021 12:48

As large as Losta's Pinocchio nose

[adejuk] 30/3/2021 12:43

i wonder how large is the overhang?

[jackthecat1] 30/3/2021 12:08

well said 2vdm, i agree.

WSBN is very much worth a look as an early stage Gold miner. Not started drilling yet. But have a look over the last 6-8 RNS's to give you an idea on Management, BOD appointments, placing at 10p to give fully funded drilling. Prospects are in AUS,near GGP and other majors. tiny £18m mkt cap,40% off year highs at 11p now.

Drill campaign to be announced shortly. I have about £20k's worth in my Sipp from 8p as a side bet. Can hold for 15 years if needs be.

Sorry for the O/T, but its a cracking little opportunity imo, not without risks, but nothing is.

[2vdm] 30/3/2021 10:28

FWIW I hold a disproportionate amount of SLP, JLP and PAF in my SIPP. In my view, all are very well run companies and later in the year/12 months, when inflation starts to bite, unless you are a believer in MMT, the PGMs and gold will rise substantially, as will their respective miners. It may be a bit bumpy or flat between now and then, but as a LTH, I take the view that I must just be patient. Like others, I look fwd to seeing what SLP will do with their cash pile.

[freedom97] 30/3/2021 10:20

A year ago the BBI ending 31 March was only $1,963 and we thought that was good, now nearly double that, AMAZING!

[bullster] 30/3/2021 10:06

.
.

I believe the passing of massive USA stimulus bill, has had a big effect.
It is well documented that a lot of money has dumped gold in order to buy Bitcoin.
Rumour has it, Elon Musk is excepting Bitcoin as payment at his Tesla car factory.

The bubble will go down at some point, of which a conjured epidemic could distract from the cause.

Just an early morning muse, to break the silence.

.
.

[pshevlin] 30/3/2021 09:38

That is probaby why we are down a bit Bullster. The need for these metals is not going to ease up though.

[bullster] 30/3/2021 09:32

PLATINUM
49%
@
$1,172.00
$574.28


PALLADIUM
40%
@
$2,467.00
$986.80


RHODIUM
9%
@
$23,000.00
$2,070.00


GOLD
2%
@
$1,697.50
$33.95





B.B.I. =
$3,665.03


Tomorrow is the last day of the month and BBI is barely $30 higher than last month, and after being over $4,060 at one point.
Hang on in there.

[adejuk] 30/3/2021 09:24

level 2 ne1?

[lostabillion] 30/3/2021 07:52

It’d be handy to have someone on the inside!

Go for it Robers ;—)

[verulamium] 29/3/2021 17:31

Not sure what our Colin would make of being called "chairperson". Where he comes from, it's Chairman or Lady Chairman. Anything else is just for folks what's soft in t'head.

[frogkid] 29/3/2021 17:04

Don't take this the wrong way Lostda but I curse the day you got back on board here!

[lostabillion] 29/3/2021 14:50

JOHANNESBURG - JSE- and AIM-listed Jubilee Metals, posted a whopping 212 percent surge in interim attributable earnings to a record £30.9 million (R656 million) up from £9.9m a year earlier on a combination of higher output and metal prices.

Jubilee the Platinum Group Metals (PGM) and chrome processing company, whose operations include the Kabwe project in Zambia, said the main drivers for the higher attributable earnings during the six months ended December was the strong metal price environment and a 34 percent increase in platinum group metals (PGM) output to 28 287 ounces.


Chairperson Colin Bird said the group had benefited from its dual metal approach with the low chrome prices cycle being offset by PGMs, which had provided a robust upside as the PGM basket price demonstrated value increase.

“We, as a company, are able to react to changing metal prices on a short-term basis assuring that we maximise contribution from our various ore sources. Jubilee has achieved success in the chrome and PGM industry by combining experience and innovation with business acumen taking us to our current strong industry position,” Bird said.

Bird had a bullish outlook saying Jubilee expected 2021 to be another transformational year with South Africa maturing and Zambia evolving.


“We are confident that we can grow our earnings consistent with our internal forecast. At the same time, we recognise that resources companies are seldom faced with such broad ranging opportunities that we now see. It is our intention to maintain and accelerate our growth in challenging but exciting times,” Bird said.

During the period under review, Jubilee announced the acquisitions from various sources of some 300 million tons of copper/cobalt tailings as feed for the mid-term future.

“We intend to construct three new processing plants to process and recover the copper and cobalt in these resources targeting the production of 25 000 tons of copper once completed. The first of these processing facilities is dubbed Project Roan,” said Bird. At full capacity, Roan is expected to produce 10 000 tons a year of equivalent copper units.


Jubilee also commenced with the construction of an additional new 80 000 tons a month chrome beneficiation operation near its Inyoni PGM operations. The facility will consist of four integrated chrome recovery circuits to maximise chrome efficiencies and is expected to be fully commissioned within the second quarter of 2021.

No dividends were declared during the period under review.

Financial highlights included a 172 percent increase in attributable earnings from the PGM division to £26.4m from £9.7m with the PGM division posting production during December, despite the planned scale down of operations at Jubilee’s Eland Platinum JV PGM partner.


Chrome production for the six-month period was 72 percent higher at 319 834 tons of saleable chromite concentrate up from 186 249 tons in 2019 while chrome revenue increased by 27 percent to £ 11.6m from £9.12m in 2019.

[e-mail]