Jubilee Metals Share Discussion Threads

[mikebolle] 29/4/2021 08:13

... or buy back some shares?

Well, investors on the jse liked the update

[pshevlin] 29/4/2021 08:11

I don't want a dividend. Put it back into the business.That is the typical Brit way of thinking and why small companies often do not grow. It's akin to selling up and buying a house in the country.

[robers98] 29/4/2021 08:06

Pay us all a very nice dividend

[9tintin] 29/4/2021 08:04

Copper then more copper then even more copper,,,,,,,,,,,,,,,,,

Jubilee is fast becoming a play on the price of copper and we all knopw which way that is going - $10,000 by this time next week?

With costs at $4000 a ton - earnings are going to be very juicy.

Next question is what will CB & Leon do with all that cash ?


ERRRRRRRRmmmm

tintin

[goingforarun] 29/4/2021 08:00

Hopefully this will provide the momentum to move on through to 20p+ relatively quickly!

[mikebolle] 29/4/2021 07:56

Good to see that we now stick to our timelines, it helps with building confidence in Jubs

[freedom97] 29/4/2021 07:53

Excellent update again. I still think we will get another RNS very soon on a big deal.

[pshevlin] 29/4/2021 07:52

You don't have to be off aim to have a high share price. I've been in companies that moved and the share price has gone down.

[marmar80] 29/4/2021 07:52

Don't know why. A small upgrade to SETS system where many AIM liquid stocks are traded would be great. Don't think the cost is significantly higher. There are companies with much lower mcaps THAN Jubilee.

[1madmarky] 29/4/2021 07:49

Have asked leon on multiple occasions about moving off AIM, he is not interested.

[1madmarky] 29/4/2021 07:48

Phased builds will help cash flow no end as we move towards 25,000 tpa. Cash cow just around the corner!

[jackthecat1] 29/4/2021 07:45

Morning, very glad of the update after weeks / months of radio silence. Just good house keeping if nothing else. Sooner we get off the AIM the better imo. Need to push on with the big boys and girls.

[robers98] 29/4/2021 07:37

We will need another refinery at some point. Loads of room at present to take in ROM.

[highly geared] 29/4/2021 07:36

Superb update ! 10,000 tonnes CU by this time next year and 22,000 tonnes by end 2022.
What more could you ask for...Share price needs to double in short order to catch up...

[goingforarun] 29/4/2021 07:35

Surely, as per usual, this is a smart move to share out the fixed costs of Sable whilst ramping up our own production? I thought current capacity was 14k tons a year with moves to move to the 25k in due course?

[mikebolle] 29/4/2021 07:31

Great update, but do we have an additional 150 tonnes/month capacity for 3rd party material at Sable?

[adejuk] 29/4/2021 07:30

marmar
it's not too late

[marmar80] 29/4/2021 07:29

Almost 400m mcap and still trading at illiquid AIM SETSqx.

[marmar80] 29/4/2021 07:27

Should have added a lot more when was cheap just a few months ago. They are delivering on all promises!

[catsick] 29/4/2021 07:25

A 20k a year copper producer would have an ev of 25-30,000 per ton Produced so market cap of 500-600m usd, so the whole jlp market cap will be justified next year by copper alone ....

[adejuk] 29/4/2021 07:23

40p by then ?

[1madmarky] 29/4/2021 07:19

24,000 t by end of 2022

[robers98] 29/4/2021 07:10

Highlights:

-- Project Roan commences with the production of intermediate copper concentrate for refining at Jubilee's Sable Refinery

-- Project Roan completes Phase 1 of 3 Phases to allow early production of intermediate copper concentrate while construction of Phases 2 and 3 remain on target

-- Sable Refinery is fully operational and ready to refine product received from Project Roan - targeting an additional 240 tonnes of copper units and stepping up to 400 tonnes of copper units per month at completion of Phase 2

-- Phase 2 of Project Roan targets to commence commissioning during early Q3 2021 to produce a higher-grade intermediate copper concentrate to further increase the production of copper units prior to the completion of Phase 3 expected during Q1 2022.

-- In addition, the Sable Refinery has concluded a long-term offtake agreement for third party Run-Of-Mine ("ROM") copper containing material targeting to ramp-up to an additional 150 tonnes of copper units per month by June 2021

-- Copper prices continue to be buoyant trading at just under $10 000 per tonne at the time of writing and with current operating margins, early earnings from copper and cobalt production are set to increase

-- Completion of the design work for Project Elephant progressing and remains on track to enter the execution phase for the project by August 2021

Leon Coetzer, CEO of Jubilee, commented: "The successful delivery on time of copper concentrate from Project Roan to the fully operational Sable Refinery is the first major step in our commitment to achieve our targeted production of 25 000 tonnes per annum of copper within the next four years, and taking a leading role in the processing of surface tailings in Zambia.

" Project Roan is the first of three copper processing facilities that we target to implement to achieve this goal. Completion of Phase 1 on schedule demonstrates our team's ability to deliver on our goals in a new jurisdiction. It provides me with great confidence that we will see significant success as our copper strategy is further implemented.

"Alongside the continued performance of our South African PGM operations, the targeted significant ramp up of our copper operation in Zambia is expected to further improve on Jubilee's recently published record interim results for the six-month period to 31 December 2020, generating long term, quality earnings.

"Looking ahead to next steps, I am confident of the completion of Phase 2 of Project Roan on time during Q3 2021, which will further increase the copper concentrate being delivered to the Sable Refinery. With Project Elephant progressing simultaneously and on track to enter the execution phase of the project by August this year, I look forward with confidence to update shareholders as we progress."

[robers98] 29/4/2021 07:04

Zambian Operations Update

Project Roan delivers first copper material to the Sable Refinery

Offtake Agreement concluded

Jubilee, the AIM and Altx traded metals processing company is pleased to announce an update on progress at its copper operations in Zambia, specifically the first copper concentrate for refining at Jubilee's Sable Refinery from Project Roan which has been delivered on schedule.