Jubilee Metals Share Discussion Threads

[bullster] 12/6/2019 17:42

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£10 million for a smaller plant than at Hernic £13 million one.

If the pgm plant had been built would it have used all the feedstock piled up at present......yes.

Have we seen any 3rd party ore....... no.



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[gsg] 12/6/2019 17:14

If they could have built the DCM fine chrome plant and the DCM PGM plant simultaneously it would have been economic to have done so. Lack of a PGM permit put paid to that.

IMO they will now only build a pre prep plant at DCM and then ship the PGM's to Northam or Anglo's facilities for processing. The delay may be as a result of trying to cut a deal. Hopefully they'll achieve a similar situation to the Northam/Platchro deal.

[bullster] 12/6/2019 16:53

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If JLP had built a pgm plant, all the fine chrome in the slag pile now, would have been lost to the pgm smelter.

It's debatable whether it has been economic to build a pgm plant at DCM to this point, because of the low volume of the mine, and will depend on 3rd party ore for future sustainability.

Look at the projections in the SHARD NOTE.

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[choppernoel] 12/6/2019 16:37

Looks like Leons mission is,"naai jou meitjie"

[choppernoel] 12/6/2019 16:35

And it's because of these untruths that the market distrusts the 2 "leaders". The result is a destroyed share price

[choppernoel] 12/6/2019 16:33

The mining licence was on the desk of the person at the dept of mineral resources. That's how it was sold. Both these 2 are professional liars. They both bend the truth.

[deme1] 12/6/2019 16:26

"Deme1 I don’t think the DCM PGM op is going to be that profitable which is why they kick the can down the road"

I am sure we have had word that there is £40mil of plat sitting at DCM, i think that may just be profitable.

And going back, if it was not profitable then WHY did JLP take the project on?
I am sure it was not taken on just for a share of chrome.

[goingforarun] 12/6/2019 15:48

I thought the licence was on the Mining ministers desk to fast track (or am I losing the plot here!)

[goldibucks] 12/6/2019 15:46

Deme1 I don’t think the DCM PGM op is going to be that profitable which is why they kick the can down the road. They probably have better uses for their capital and management focus elsewhere. I think Shard have it generating earnings from Q1 or Q2 2021 in their assumptions.

[mutley walters] 12/6/2019 15:45

Deme I share your frustration on this Colin Bird stated at the July 2015 investors presentation that they were fully financed to achieve highly profitable pcmm production by the end of 2016 at D C M and Hernic. No mention of no licence at DCM Colin was very economical with the truth at that show when selling the best little company on aim as he called JLP He did tell one truth though he said can't help those of you who bought in at 25p

[deme1] 12/6/2019 15:17

Even though JLP now seems to be making good headway, i still cannot fathom why we are still awaiting for the go ahead to build a plat plant at DCM!

The sole purpose for DCM at the time of conception was to build a Plat plant followed by chrome.

yet we rush the chrome through and are still awaiting the plat side! How different would the share price be if we were throwing off Plat from DCM! which is 100% ours

[choppernoel] 12/6/2019 14:50

Commodities up, jubilee share price down. Keep up the great work Leon. Chop

[frogkid] 12/6/2019 14:12

Good Couple of articles robers

[robers98] 12/6/2019 13:19

KCM plans to restart smelter on June 22

LUSAKA – Konkola Copper Mines (KCM), owned by Vedanta Resources, plans to restart its Nchanga smelter on June 22, the company said on Wednesday.

KCM said the Nchanga smelter, near Zambia's border with the Democratic Republic of Congo, had been idle pending availability of concentrates.

Last month, Vedanta's CEO had said KCM's copper mines had not been producing copper. Vedanta is fighting Zambia's decision last month to name a provisional liquidator to run Vedanta Resources' KCM business and is seeking international arbitration.

A Lusaka court said on Tuesday a hearing had been provisionally set for June 20 to consider an application by Vedanta Resources to be represented by its own lawyers in proceedings to wind up its KCM business in Zambia, lawyers said.

[robers98] 12/6/2019 13:18

Ivanhoe says copper is the king of ‘green metals’

Efforts to wean the world from burning fossil fuels for transportation and energy generation will drive demand for commodities for years to come, paving the way for miners of so-called green metals to play a crucial part in solving some of the planet’s biggest problems, says Canadian miner Ivanhoe Mines.

In its second sustainability report, co-chairmen Robert Friedland and Yufeng ‘Miles’ Sun say that zero-emission, energy-efficient transportation, and the distribution and storage of grid-scale volumes of clean, renewable energy, will require new, long-term sources of platinum, palladium, rhodium, nickel, and especially copper.

“Our team works closely with many of the world’s leading automobile and technology companies, and one thing is inherently clear − copper is the king of the ‘green metals’. When it comes to solving the world’s most pressing environmental problems, almost every single solution drives you to copper – solar power, wind power, hydro power, and pure electric and fuel-cell electric vehicles (EV).”

The company notes that the average EV requires four times the copper of a standard vehicle, while wind and solar energy are considered even more significant drivers of future copper demand as they are up to 37 times more copper intensive than conventionally generated electricity.

“Our new mines will produce many of the metals that the world needs for cleaner air and water,” the co-chairmen say, referring to the Kamoa-Kakula copper and the Kipushi zinc/copper/germanium/silver mines in the Democratic Republic of Congo, as well as the Platreef platinum/palladium/nickel/copper/gold mine in South Africa.

Ivanhoe believes that Kamoa-Kakula, with a projected peak copper production of more than 700 000 t/y, has an increasingly important role to play as the world moves toward a more sustainable and energy-efficient future, while Kipushi has a similar promising future.

The palladium, platinum and rhodium that will come from Platreef are crucial to catalytic converters, which are used to control harmful emissions in exhausts from vehicles and factories. Platinum is also vital for fuel-cell EVs.

Ivanhoe points that that not only are the metals that the company will produce important, but also the way in which they will be mined. Reflecting on the tailings pond collapse in Brazil earlier this year, Friedland and Sun say that it has led to Ivanhoe taking stock of its risk management practices.

“Our new mines will produce many of the metals that the world needs for cleaner air and water,” the co-chairmen say, referring to the Kamoa-Kakula copper and the Kipushi zinc/copper/germanium/silver mines in the Democratic Republic of Congo, as well as the Platreef platinum/palladium/nickel/copper/gold mine in South Africa.

Ivanhoe believes that Kamoa-Kakula, with a projected peak copper production of more than 700 000 t/y, has an increasingly important role to play as the world moves toward a more sustainable and energy-efficient future, while Kipushi has a similar promising future.

The palladium, platinum and rhodium that will come from Platreef are crucial to catalytic converters, which are used to control harmful emissions in exhausts from vehicles and factories. Platinum is also vital for fuel-cell EVs.

Ivanhoe points that that not only are the metals that the company will produce important, but also the way in which they will be mined. Reflecting on the tailings pond collapse in Brazil earlier this year, Friedland and Sun say that it has led to Ivanhoe taking stock of its risk management practices.

[boris cobaka] 12/6/2019 12:00

Can't feel the love.
Ah well. Musta been in jlp for long time....

[goingforarun] 12/6/2019 11:59

Goldibucks, I wonder whether many give a sh*t about JLP with the number of negative comments on this board! Hardly the home of intellectual conversation at times!

[sleveen] 12/6/2019 11:39

There's a film about that.

[bullster] 12/6/2019 11:38

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Unless their dam bursts.

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[goldibucks] 12/6/2019 11:20

You’re on the wrong board Boris. Nobody gives a 5hit about CNR on this thread.

[boris cobaka] 12/6/2019 10:28

heh heh in boris we trust....

You're welcome.

Soz o/t

[boris cobaka] 12/6/2019 09:32

Soz for o/t but I could be wrong but cnr has just cleared out a large seller. The market doesn't appear to have noticed. Shares have been trashed - a contrarian's opportunity perhaps...
Gl.

[frogkid] 12/6/2019 09:12

Classic! Krypton has posted something funny

[goldibucks] 12/6/2019 09:10

Krypton thinks Losta is “Coconut”; on Sail Simulator. He’s ranked 7 at the moment! :-)

hxxp://www.sailsimulator.com