Jubilee Metals Share Discussion Threads

[kooba] 10/11/2024 19:30

Interesting read from The Oak BlokeIs JLP today on a P/E of 1?It would be a Jubilee for Jubilee to have such a low P/Ehttps://theoakbloke.substack.com/p/is-jlp-today-on-a-pe-of-1

[adejuk] 10/11/2024 19:30

end of long jewish ritual
have watched trades with interest and added 200k in last days - now at 2.8mill
reminds me of old days with 10% per day to 21p
if this follows history - which doesn't repeat but rhymes - in 6 months we will be at 20p
frog
for me you can croak so long as you wish :-)

[timhigginson12] 10/11/2024 17:10

The IRH JV is yet to be finally agreed. I am a bit baffled by the arithmetic. If 4 concentrators are required costing $6m each then $24m capex. If one gets 100% return on capital of which we get 30% so $7.2m netting down after tax and currency to say 3.6m sterling its nice but small. So whoever gets 100% return on capital?

However a large concentrator is supposed to process (i think) 50kt per month of stuff with a copper content of say 1.0% which suggests a Cu content of 6kt p.a. of copper in concentrate but it has to be refined so say we get 20% or 1.2kt per month. Even if the outcome is only 1/10th it would still be a very good return.

[the_isolator] 10/11/2024 14:03

Good roast ,Leon sounding posabd confident, wouldn't be surprised if 7p is hit week

[robers98] 10/11/2024 11:21

11.45 for an update pre-agm.

[pshevlin] 10/11/2024 10:12

Well done you froggers. I was in later thanks to Ade after a number of disasters that he had also experienced so I'm still in the process of recouping lost investments. Nevertheless, in a small way, this could still be life enhancing if not changing like the effect on longer term holders with several million shares. There are rewards for patience sometimes and I've been in and out too soon of many stocks in the past (and also too late) but like you I'm 100% in here as far as individual shares are concerned and unless something with even greater potential turns up I hope to be well into the distant and unpredictable future. No takeovers please!!!!!

[kenwright] 10/11/2024 10:03

Thanks for your contribution Frog, but it does take all types to make a board.
I too have been a long term holder of JLP, buying the dips and was selling into the highs of 2021. Never expected the shares would ever get back to the low 4's, but here we are ready to pounce as we did before. This is my favourite and main holding and i am fully loaded now too !
GLA.

[frogkid] 10/11/2024 09:24

During the early part of 2020 when the whole world was busy worrying about a stupid man (chinese) made virus and the world was coming to an end the price if JLP dropped to around 2p. At that time I loaded up significantly, much the same as I did around 10 years ago in the 1s and 2s, when the market cap was around 11 million! It has been a very exciting and sometimes very nervous ride ever since. My holdings have varied over this period. I first bought JLP around 18-20 years ago, can't recall exactly when. I invested for Tjate back then and awaited the granting of the Tjate licence with great excitement. The rest is history. I have traded JLP over the years, occasionally taking profit on a large percentage of my holding. During this last couple of decades I have held many other shares but I keep turning full circle to JLP. I cannot find a more exciting and potentially game changing investment out there although I am sure there are. I have been furiously critical of the management at times but am finally at the point where I feel this as derisked as it can be , given its geographical location. Last week I added a chunk which has taken me to my largest position ever and JLP is now my only stock holding in my portfolio apart from a punt on LND for fun. Everything else is in cash, funds, physical metals and my businesses. All things being equal i expect to do very well over the next 2 years. Barring WW3!This is why I get fed up with getting sniped at and react accordingly. All the best folksFrog

[kennyp52] 10/11/2024 09:13

timhigginson12 … sensible post. On the numbers we have to hand I also think 11p is a fair short term target and I do think it will move steadily towards this over the next month. JLP has released confidence to the market but the share price is only back to low 5’s which to me , for new investors , represents a real opportunity to multi-bag on a company projecting a huge increase in production in 2025 and beyond. For me Leon just needs to calm down a touch and post some big fat profits to get it moving towards the 30p target I think many might have in the back of their minds ?

[genises] 09/11/2024 23:12

The JV between United Arab Emirates-based IRH and Jubilee Metals Group aims to establish four modular processing plants with a combined annual capacity of 2.4mt.

Earlier this year, IRH completed the acquisition of a 51% stake in Zambia's Mopani Copper Mines. The IRH has also been pursuing other copper assets in Zambia as the UAE and seeks to secure critical metal supplies from Africa amid a global shift to cleaner energy.

The collaboration, formalised in a binding framework and JV agreement in December last year, will see IRH providing the necessary capital for the project’s execution, while Jubilee will be responsible for its implementation and operation.

[genises] 09/11/2024 20:24

Timhigginson12
I will be happy at
40p in two years my expectation is 10p in a year time and 20p the year after.
I would be very happy millionaire at 40p
I think you need to look deeply at its partner in Zambia.
They have a large agenda!!

[goingforarun] 09/11/2024 17:45

Isn’t it more about direction of travel? Production will ramp up significantly during 2025?

[timhigginson12] 09/11/2024 16:03

sorry to put a damper on the enthusiasm BUT last FY we made $6m add to that a contribution from an extra 3kt cu @$4000pt =$12m and 300ktof Chrome @$30 =$9m gives an additional pre tax of $21m less tax say 30% = total post tax of $20m give a fairly generous P?E of gives an Mcap of $400m or sterling of 300m against a current Mcap of 150m hence Zeus figure of 11p per share.
In the following two years I expect the profit to grow to approx $120m before tax 30% and sterling conversion at 1.3. this might produce an Mcap of 1.2bn or 8 times todays share price i.e. 40p worth waiting for if we all live that long

[xow98] 09/11/2024 16:01

Share price not correct on that trade, shown as £3.10, rather than 3.1p. Happened to multiple companies SYN, FCM, FRG, all reversed and corrected

[the_isolator] 09/11/2024 16:01

Leon is on Sunday roast tomorrow

[kevster5] 09/11/2024 13:20

From the heart I’m literally lmao

[genises] 09/11/2024 10:22

Video open pit project M
Awesome
Scroll down

[genises] 09/11/2024 09:40

I would assume the pictures we saw from Chris Head of mining was backing up the below.

Jubilee has also reported progress on Project Munkoyo, with an aeromagnetic survey revealing a significant magnetic anomaly indicative of copper mineralisation, supported by geochemical assays from trenching samples.

I have also noticed the poster who put well done Jubilee Metals has been re edited with Jubilee Metals taken out.
🤣🤣🤣
Pictures for those who miss the posts

[frogkid] 09/11/2024 09:10

Thanks isolator, I appreciate that. I can get carried away at times but I post from the heart.

[genises] 09/11/2024 09:10

New Private Power Purchase Agreement successfully concluded with stable power commencing

to all operations on 22 September 2024, ensuring a reliable and uninterrupted power supply and

meeting demands at full processing capacity. This agreement resolves the widespread power

challenges caused by the ongoing drought which severely affected the reliability of the plants. The

agreement includes provisions for securing extra power capacity to support the planned expansion

of Sable’s operations in the near future

[genises] 09/11/2024 09:03

Jubilee achieves key milestones in advancing copper strategy, delivers strong PGM performance
Diversified metals producer Jubilee Metals has reported organic growth in its South African operations, which the company says are now well-established and consistently delivering strong results.

Chrome concentrate produced increased by 8% to 455 381 t, exceeding targeted production for the quarter ended September 30.


Platinum, palladium, rhodium, ruthenium, iridium and gold (6E) platinum group metals (PGMs) produced for the first quarter of the 2025 financial year reached 9 328 oz, which the company says is on guidance.

“Jubilee's chrome operations have delivered outstanding performance, surpassing the quarterly targets with exceptional results,” the company says.


Jubilee says it is reviewing half-year guidance which will inform its guidance for the full-year.

The new chrome processing modules built at Thutse remain on track to contribute significantly to the second-half production output with commissioning under way at both modules.

ZAMBIA

Meanwhile, building on the success of its South African strategy, Jubilee says it has mirrored this approach in Zambia, where its initial focus was on the substantial capitalisation of assets to establish two critical processing hubs – the Sable refinery and Roan concentrator.

The company notes that this was a “pivotal quarter” for its copper operations as ramp-up targets were achieved, establishing a solid foundation for the remainder of the year.

With this capital cycle now nearing completion, Jubilee has effectively integrated and ramped up both its newly commissioned front-end module and the recently completed flotation and milling circuit at Roan, marking a key milestone in delivering on its expanded copper strategy.

Jubilee explains that the Roan Front-End adds significant flexibility to the process, correcting for variability in feed quality ensuring a consistent delivery of high-grade concentrate to the refinery and the market.

Moreover, the company notes that ramp-up targets of the Roan concentrator were achieved post the delivery of stable power supply to the operations, under the new private power purchase agreement, paving the way to exponentially increase production in the coming quarters of financial year 2025.

It adds that Roan targets a stable run rate of 75 000 t a month of feed for the first three quarters of operation before increasing to 90 000 t a month of feed.

Initial copper recovery from feed is targeted at 55% which equates to an equivalent copper production rate of 6200 t/y of copper, or 7 400 t/y of copper at the increased 90 000 t a month from Roan alone.

Jubilee says copper recoveries are expected to increase to more than 70% with the introduction of on-site leaching at Roan in the first half of financial year 2026, which equates to 9 500 t/y to 13 000 t/y of copper from Roan depending on the feed grade.

Further, Jubilee adds that the Munkoyo openpit mine operations successfully ramped up to achieve a targeted 100 000 t of mined run-of-mine (RoM) for October, with 250 000 t mined during the first quarter of the 2025 financial year.

Additionally, newly acquired Project G began operations in October and produced first copper concentrate for refining at Sable on target.

Project Phoenix and Project L also began operations, achieving targets to maintain Roan’s initial feed rate of 75 000 t a month of upgraded previously mined material.

Two further openpit mining operations are being targeted with commercial trials of bulk samples scheduled for refining at Sable during the third quarter of the 2025 financial year.

The company maintained copper production during the quarter despite the severe power interruptions, while commissioning and ramp-up of Roan met expectation for the quarter with the production of 744 t of copper units in final product.

In addition, the in-process stock contained in RoM and partially processed material accelerated to 3 538 t of contained copper – metal units – for further processing.

A production target of 1 800 t of copper units is set for the first half of financial year 2025, ending December 2024, increasing to about 4 200 t for the second half of the 2025 financial year, which totals about 6 000 t of copper for the full year based on current assumptions.

"I am pleased to report significant progress in the first quarter of financial year 2025, where we have successfully achieved key milestones in advancing our copper strategy, while our chrome and PGM operations continue to perform strongly.

“In Zambia, we have made considerable strides to establish a solid foundation for our anticipated growth in copper production. The commissioning and ramp-up of both the Roan and Munkoyo projects have been completed, setting the stage for substantial increases in output.

“Despite facing several hurdles along the way, including the country-wide power crisis, we have navigated these challenges and emerged stronger. Our copper business is now positioned for exceptional growth, with two fully operational processing plants at Roan and Sable, complemented by the successful implementation of the Munkoyo and Project G openpit copper mines,” says Jubilee CEO Leon Coetzer.

Jubilee says guidance remains on track with the successful ramp-up at Roan and Munkoyo as the company expects to deliver significantly increased copper production for the remainder of the financial year, to reach production guidance of between 5 850 t and 7 500 t.

The company adds that it is on track to achieve chrome concentrate production guidance of 1.65-million tonnes and PGM production guidance of 36 000 oz.

Chrome guidance will be reviewed at the half-year mark.

“Looking ahead to the remaining three quarters of financial year 2025, I am confident that we will continue with executing on our copper growth strategy, while maintaining the momentum of our successful South African operations,” says Coetzer

[the_isolator] 09/11/2024 08:19

You know most long termers on here respect your views frog so keep saying whatever you choose

[frogkid] 09/11/2024 06:17

I shall endeavour to ignore those that choose to attack me in future, in the interest of a harmonious board.

[frogkid] 09/11/2024 06:16

Yes, thanks xow, I'm a reasonable person but reserve the right to react when attacked.