Jubilee Metals Share Discussion Threads

[aceshi] 28/4/2021 17:42

Will drift downwards again until Quantock has unloaded or Leon throws us a bone

[deme1] 28/4/2021 15:43

No it was bumbing and being a real dog at 2p :)

[mrsingh1] 28/4/2021 15:36

🤣 i do not agree

[adejuk] 28/4/2021 15:29

deme
did you mean bumbling?
bumbing [with a different spelling] is a very old word for a different activity

[mrsingh1] 28/4/2021 15:06

I agree with deme1. A little more patience required

[gsg] 28/4/2021 15:02

Indeed robers. Noticed another 5m in delayed trades went through at the close yesterday but reported today. Crafty.

[deme1] 28/4/2021 15:00

why are people anxious and annoyed.

JLP was bumbing at 2p not so long ago!

we are now where we should be

[robers98] 28/4/2021 14:58

Nothing happening here until seller is finished

[freedom97] 28/4/2021 14:32

JBL on JSE UP 4.5%

[freedom97] 28/4/2021 14:30

Rhodium UP $800 may it continue!

[adejuk] 28/4/2021 14:25

jeez, this is frustrating :-)
i think they must be terribly busy.

[robers98] 28/4/2021 13:50

Commodity super cycle currently being discussed on Bloomberg

[goingforarun] 28/4/2021 10:16

GSG, this would all indicate that £150m net could well be on in a couple of years, also I forgot about the fourth question Zinc, when and how much! Still all to play for with what we have!

[robers98] 28/4/2021 10:06

Leon has already told the South America project when we would be available to come onboard. See one of the many videos in the last 2 years.

[gsg] 28/4/2021 10:05

GFAR, the answer to one of your questions may be found in a post over on LSE by aw2414.

I hope he doesn't mind that I have copied it onto here.

Sharky, In my opinion you're a little light with you estimate. The all in cost to Sable was $4,000, when copper was $6,500 per ton. This included a charge from the JV of 38% of the spot price plus operating costs of $1,530. So if you assume a CIR at the JV is 50%, as they must be making a profit as well, and we get 50% of the JV profit, then at $10,00 per ton the profit to JLP works out at...
($10,000 * 25,000) - (25,000 * $1,530) - ($10,000 * 25,000 * 38%) + ($10,000 * 25,000 * 38% *50% (CIR) * 50% (JV profit share)) = $141m. Although this I think is conservative as I can't believe the operating costs of the JV will be $47m. There is of course the cobalt which could potentially add another $80 m - $100 m. Plus of course whatever is factored in for PGM's (currently at circa £60m - £80m pa), and the Zinc lines which are due to come on board towards the end of the year. We could be looking at mind numbing numbers.

[frogkid] 28/4/2021 09:58

Agree an Oz or Americas move would be significant

[sb] 28/4/2021 09:47

The FTSE All Share PE ratio currently is 24.5.. The big miners with no explosive growth prospects have a PE of 12 to 13 If Leon announces a move into Aus or S America and we are kicking out profits in excess of £100mill per year its perfectly possible we might be at that sort of valuation...

[gsg] 28/4/2021 09:47

GFAR. I think I have the answers to those three questions. All positive.

[goingforarun] 28/4/2021 09:43

85p could be on if three questions can be answered. The first would be whether 25k tons of Copper is a target to be exceeded rather than a limit? The second would be how much Cobalt! The third where next in expansion (Oz would be my favourite)!

[alpal2] 28/4/2021 09:40

Just to ask the 'negative' question: At current rates of production, how long will current resources last; both Cu and PGM? And any share price needs to be amortised over that period.
Yes, I know JLP will be looking to acquire additional dump resources but they may not be available at the give-away prices of current stockpiles.

[gsg] 28/4/2021 09:35

Don't think binocs would do it. Just realised I was looking down the wrong end of the telescope. lol

[deme1] 28/4/2021 09:35

40 - 50p may see me saying farewell to the old boy

[pshevlin] 28/4/2021 09:32

Depends how far ahead your looking. Take off the specs and have a look through the binocs!

[gsg] 28/4/2021 09:23

Bloody Hell guys. As an uber bull on JLP, even with my rose tinted Maui Jim's on, I still can't see 85p.