Jubilee Metals Share Discussion Threads

[pshevlin] 06/6/2023 08:21

Too much emphasis here has been placed on just Copper even though the last price rise was not completely based on it. The gaze has been much too one directional. People are so hung up on it that they have forgotten how much can be made from PGMs when the market improves and Chrome. Even if no Cu was available JLP could make a huge business of just those minerals.

[9tintin] 06/6/2023 08:16

Well no one saw that coming did they! Good news on the chrome/PGM front and a quite detailed RNS - however it didn't say how far the mine operations were from Inyoni in terms of transporting the PGM ore for processing. Massive plus that Leon has negotiated better terms for the chrome offtake compared to the tolling agreement.

Somewhat muted response from the market maybe because of a somewhat peripheral reference to the Zambian copper operations.

Imminent or what - LOL.

tintin

[john185] 06/6/2023 08:12

Possible to do a quick estimate of the additional revenue here ( not profit as we don't know the share to the mine, but announcement give the impression that it will be a reasonable margin )
200,000 t Cr @ $300 per ton and 20% margin = $12m
10,000 oz pgm at say $1000 after refining cost = $10m
Plus further expansion to 2,000,000 t over the next 2 years

[sb] 06/6/2023 08:07

Everything on track in Zambia as previously updated... Doesn't that answer the questions? 10,000oz PGMs should add about $12mill to the bottom line I think.

[the_isolator] 06/6/2023 08:01

Maybe the start of some positive news flow over the next few months

[frogkid] 06/6/2023 07:47

Yes, get well soon ade

[adejuk] 06/6/2023 07:46

thx shev. consult thinks it was the new combinant.

[frogkid] 06/6/2023 07:39

I wonder who it is

[meanreverter] 06/6/2023 07:24

A new deal is announced today, on a significant scale with a new partner. Curiously, the name of the partner is withheld.

[frogkid] 06/6/2023 07:18

It might halt any further declines. What would really give a boost would be news that Mr Slater has increased. Come on Mr Slater.

[21ant] 06/6/2023 07:16

Yes not expected and a positive so it’s welcome. Increased chrome and pgm, short lead time to get there and relatively low cost to finance (out of existing cashflow)
Should at least get us back in the news and maybe attract a few buyers.
Still not there with total power back up and Roan ‘on track’ is still a grey area which needs clearing quickly.
Let’s see how the share price responds

[togglebrush] 06/6/2023 07:14

RNS is worth a read as they announce a new partnership agreement for its PGM and chrome operations in South Africa ("the Agreement").

Extracts

Highlights

-- Jubilee expands its operational chrome footprint by a further 360 000 tonnes per annum processing capacity targeting an additional 200 000 tonnes chrome concentrate and 10 000 oz PGM feed to Inyoni, through a new partnership agreement.

-- Under the terms of the Agreement, Jubilee has committed to upgrade the existing brownfield processing facility at the mine, by retrofitting Jubilee's proven process solution ("the Plant"), to reach an annualised processing capacity of 360 000 tonnes of run-of-mine ("ROM") per annum by end June 2023.

-- The accelerated upgrade of the Plant has already commenced by leveraging off available processing infrastructure at Jubilee's current chrome operations.

-- Jubilee has the option to further expand the processing facility to reach 720 000 tonnes per annum (producing an expected 390 000 tonnes per annum of chrome concentrate).

-- Jubilee has budgeted a capital investment of US$8 million to complete the Plant, which will be funded through Jubilee's own cashflows and balance sheet.

[adejuk] 06/6/2023 07:12

the paucity of zambian news.
tell me about it shev. i'll deal with that when i can breathe properly.
5 vaccs.

[pshevlin] 06/6/2023 07:10

One of the after effects of COVID is depression ade. What is wrong with expansion of chrome processing in SA? By the way did you get the vaccine and how many?

[frogkid] 06/6/2023 07:09

Please elaborate ade, I see this as a bonus, a warm up to the big event. And certainly unexpected. But I have only skim read.

[frogkid] 06/6/2023 07:08

Meanwhile, some good news

[adejuk] 06/6/2023 07:08

and the gaps in the rns are noted.
nonetheless, good news

[adejuk] 06/6/2023 07:06

that's my opinion after 4 weeks in bed with life threatening covid :-)

[frogkid] 06/6/2023 07:05

Well that's out of the blue isn't it?

[kennyp52] 05/6/2023 19:33

Platinum price surging through $1,000 … that’s ok news . Copper starting to move up ..that’s ok isn’t it ? Very low cost of production .. that’s good news isn’t it ? Financing is the only real concern here imho .

[pshevlin] 05/6/2023 17:54

Is that your opinion before you took the tablets or afterwards? ;-)

[sb] 05/6/2023 17:10

Useful post ade ...

[adejuk] 05/6/2023 16:37

imo there is not good news on the way.

[goingforarun] 05/6/2023 10:26

14p…oh, those were the days!