Jubilee Metals Share Discussion Threads

[pshevlin] 24/11/2022 09:03

After the 6.5p warrants there are only a very few left and some of them at higher than the current share price Time to stop worrying about them and concentrate on revenue.

[frogkid] 24/11/2022 09:00

Until the next lot Mr Singh!

[sleveen] 24/11/2022 09:00

seagreen, 6.5p warrants have ben exercised into shares @6.5p.

What happens to the 6.5p shares is the issue ie sell or hold.

[lights out] 24/11/2022 08:58

Hard to tell. Maybe one of the warrant holders are done.

[frogkid] 24/11/2022 08:56

Jeez, I'm going back to bed already.

[billyboy2fromiii] 24/11/2022 08:56

Lights Out, We are on the same page on this. However, as per my last post, WHI refer to us receiving approx 80% ($52,000 x 80% = $41,600) of contained cobalt price rather than 100% ($52,000). BB2.

[seagreen] 24/11/2022 08:55

Its the warrants that are being exercised and sold that is off putting....do they mean this warrant holder is fully exercised or all warrant holders...anyone done a reconciliation?

[kennyp52] 24/11/2022 08:55

Billyboy .. thanks .. mrtennessee …. seems you are totally misguided ?

[pshevlin] 24/11/2022 08:54

Anyone thinking of accepting 15p as a buyout must be crazy.

[billyboy2fromiii] 24/11/2022 08:49

Chozza,this is an extract from the WHI Broker note dated 9th Dec 21............ We expect cobalt from the Kitwe tails to be recovered at Leopard as a cobalt hydroxide
at a rate of 5kt/year (~1.6kt Co contained) and paid at 80% of the contained cobalt price.......... So applying this metric (assuming WHI know more than me and you) to the RNS dated; 5,280 t of our final product will contain approx 1,200 t of contained cobalt which WHI expect us to receive 80% of contained cobalt price ($52,000 x 80%) so approx $41,600. So annual revenue 1,200 t x $41,600 = $49.92m. Profit/Earnings (45% margin) = $22.46m. For 22/23, assuming production of 550(50D22, 50J23, 50F23, 100M23, 100A23,100M23, 100J23)of 550 t x $41,600 x 45% = $10.29m earnings (to be offset against copper cost). Obviously, the payment terms will mean that not all 22/23 production revenues will actually be received before end of June 23 and will fall into 23/24 year. Just my thoughts, BB2.

[lights out] 24/11/2022 08:41

based on ramped up rate of 5280 tpa CoCo3 product ( each ton containing 0.227t Co ) or 1200tpa Co pa and the 12000tpa copper cathode production. At current spot price of cobalt metal ( ~ $50,000/ton ) :-
Sable 23% cobalt carbonate Revenue = 5280 x $11350/t or $59.9 million approx. per full year rate.
Earnings @ 45% production margin = $ 27 million approx ( 5280 x $5108/t ).
By-product subsidy on 12000tons of copper production = $2248 per ton copper.

[mrsingh1] 24/11/2022 08:39

'Following the exercise of the Warrant Shares the warrant holder holds no further warrants'.... are we done?

[sleveen] 24/11/2022 08:35

mrt

yes indeed but one caveat margins would improve if Co increased in price.

[mrtennessee] 24/11/2022 08:30

Lights out

I am looking at the 45% margin as margin on JLP investment and processing cost, which is independent of the metal exchange prices.

[sleveen] 24/11/2022 08:29

45% gross margin on JLPs Co revenue.

So if what I say is correct then:

So @ $80k/tonne metal, JLP receive $16k/tonne (20%) revenue for circa $7.2k (45%) gross margin/tonne is also correct.

So that makes the processing cost of circa $4.5k/tonne.

[lights out] 24/11/2022 08:24

Do you not understand 45% margin?? Are you a chemical engineer? You seem to know an awful lot of nothing.

[mrtennessee] 24/11/2022 08:19

The JLP production of cobalt is very much in the early stages of its development and my expectations as to what it may contribute to earnings in the short term is small, but should hopefully lead to some additional profit and consequently have the potential to be expanded to increase that profit. If the product we are selling contains 20% cobalt then our customers would obviously have to process that to extract the premium purity metal. This would have a significant overhead and hence I would be surprised if we could sell this product to them for more than 25% of the value of the contained cobalt. So, the upper limit of my expectations would be 5% of the prevailing cobalt metal price per tonne for our product.

[kennyp52] 24/11/2022 08:18

Cobalt is with making us a fortune .. or making super profits . Just 1 part of this mushrooming business

[frogkid] 24/11/2022 08:06

That's a days worth of sales pal

[goforgold1] 24/11/2022 08:04

Full of warrants. You can tell Colin Bird was here for a while . Saying last of warrants been keeping this afloat the warrant money great when you can get it double your money . 8 million shares coming on 30th

[adejuk] 24/11/2022 08:02

all cobalt is contained. it is rarely found in pure form. even choc and cashew nuts contain it !!

[frogkid] 24/11/2022 07:55

2.7 billion you halfwit

[sleveen] 24/11/2022 07:55

"Tonyevo25623 Nov '22 - 23:20 - 49276 of 49289

If out final product has a higher or lower percentage of Cobalt then that will obviously affect our sale price. Currently our final product contains around 20% cobalt so we earn 20% of the cobalt price. Our capacity to produce final product is a known figure but the cobalt content is a variable dependant on the feed stock..."

"chozza23 Nov '22 - 23:42 - 49277 of 49289

Chaps,
Emailed JLP, asking for clarification. They say 50T of contained =200T of end product.
Need to know the differnence, are we selling 50T at $50,000 or 220T at $50,000."


----> JLP Co concentrate contains 20% Co metal, therefore JLP receive 20% of the prevailing Co metal price/tonne concentrate, on which JLP makes 45% gross margin.

So @ $80k/tonne metal, JLP receive $16k/tonne for circa $8k gross margin.

Simple as.