Jubilee Metals Share Discussion Threads

[goingforarun] 01/8/2021 15:44

EBITDA for 2021 looks light, I think most on here are expecting £70m+!

[frogkid] 01/8/2021 12:58

Nimrod on the other place just posted that July article from TMI. Well worth another read.

[wet your knot] 01/8/2021 12:22

This was from April/May 2021, says the same thing. My question was any idea on timescale from "execution" to first production?: “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.”

[bullster] 01/8/2021 12:18

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Jubilee Metals Group PLC Zambian Operations Update
RNS Number : 9915W / 29 April 2021


Project Elephant Update

The completion of the design work for the Company's second copper processing facility, Project Elephant, whereby Jubilee has secured the rights to approximately 150 million tonnes of copper containing surface tailings, is progressing well and remains on track to enter the execution phase for the project by August 2021.
Project Elephant targets to reach the production of 12,000 copper units per annum in addition to Project Roan by the end of 2022.

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[deme1] 01/8/2021 11:59

I will be suprised if they have kept elephant on timescale with covid.

that aside, our numbers should be phenomenal

[frogkid] 01/8/2021 11:17

That may be why the update has not yet been released

[wet your knot] 01/8/2021 10:37

From an update earlier this year Project Elephant was to enter "execution" phase by August 2021. I guess that means commencement of the physical equipment/plant as the first step beyond planning/design? If so what sort of timeline to first production?

[charlie9038] 01/8/2021 09:37

This might do it:

Monday, August 2nd 2021
Half Year 2021 Jubilee Metals Group PLC Earnings Release

According to stockopedia

GLA

[goingforarun] 01/8/2021 07:50

It’ll be nice if we get the same kind of share price reaction! Need something to kick start things?

[goingforarun] 31/7/2021 15:03

Thanks for the clarification.

[bullster] 31/7/2021 13:45

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Project Elephant was only scheduled to be built at the end of 2021.

Roan phase#2 could deliver concentrate to Sable in Q3 or Q4, with Roan phase#3 delivering some time after that.

Zinc should be up and running Q3-Q4.

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[goingforarun] 31/7/2021 13:13

Totally agreed on tempering expectations, I thought Project Elephant volume is going to start delivering Q3 onwards?

[billyboy2fromiii] 31/7/2021 12:20

Bullster, good post in reply to Cappa. I agree with you at circa 2,000. I do not see how it can be much more, with the info we have available. Everyone is entitled to their opinion but clutching figures from thin air with no valid explanation give others the wrong message. Seen it many times with other shares where a positive RNS is somewhat negatively received purely down to false expectations. So we’ll done on your factual correction. Hope we get the update this week and hope for confirmation that everything is going to plan. Kee0 up your informative posts, always a good read. BB2.

[bullster] 31/7/2021 10:35

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Cappajumping,

Your expectations of 10k tonnes of copper production for 2021 highlight your lack of research.
W.H.Irelands' broker note to end of March 2021 reported total copper production to be 1k tonnes from existing tailings which helped dial in the refinery.
We now know that Roans delivery may add 240 tonnes per month at end of July and maybe the 150 tonnes from the run of mine contract hit its target for June.
Copper production began around October, last year, so total production should be around 2k tonnes to end of August.

Sorry, but i felt it necessary to reel in your figure and before others latch on to it, only to think JLP have underperformed. Likewise, the run up to 25k per year could take another 3.5 years.

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[pshevlin] 31/7/2021 08:24

Does anyone here get the Momentum Investor and if so was there any mention of JLP in the last edition seeing as it was a main pick the month before? Press interest seems to have dried up a bit recently.

[cappajumping] 31/7/2021 06:03

For those interested JM MetalsDaily website is now updated for Iridum/Ruthenium/Rhodium again on a daily basis. I had emailed them about 3 weeks ago and ta dah now fixed. Showing Rh 18400. Kitco price also strengthened slightly this week. Am getting slightly fixated on a post year end update from Leon now, hoping it is to say that we processed 10k tonnes of copper so far in 2021.

[bothdavis] 30/7/2021 22:04

Could someone please tell the shareprice that the company is going places!!

[gsg] 30/7/2021 20:07

Yet more evidence of the massive cash generation from SA PGM producers.

[yangou] 30/7/2021 19:38

I know what it’s like adejuk and more. Sorry. It does seem to be that you are panicking a wee bit. Have a glass or a bottle or two of wine and hang on in there. I don’t believe it will be long before some profits could be taken or for the longer termer and younger can hold for more gains.

[frogkid] 30/7/2021 18:18

Good luck Ade, I know it is hard not to become frustrated. CheersFrog