Jubilee Metals Share Discussion Threads

[sleveen] 26/6/2019 17:33

Placing ahoy at GLR?

[gsg] 26/6/2019 17:31

"I cant predict total payability because discussions are still in place, but you are looking at a model which should generate 15 to 16m dollars of revenue."

Looks like Colin is talking before the deal has been confirmed.

[bullster] 26/6/2019 17:27

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Star Zinc.

The Mineral Resource Estimate will allow for a 6-year life-of-mine small scale operation to produce rock mass of only 5,500t/month containing 1,000 t zinc metal per month to Kabwe.

While in-house attributable revenues are projected at about US$15 million annually at current price, the annual all in cost is projected not to exceed to US$2 million.

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[deme1] 26/6/2019 17:22

Peeps on the LSE board seem to think that GLR are in the driving seat with the negotiations.

Forgive me but Colin mentions that IF they needed to build a plant then the resource would not warrant the expenditure. So that leaves the only option being get someone else to process it.

Will JLP be the only viable Zinc processing option available to GLR. If so i think Colin may be in the back seat for this one.

[the bull] 26/6/2019 17:12

once the ML signed off, can you guys stay here please, I still have some accumulation to do over at GLR

[sleveen] 26/6/2019 17:04

Listening to CB sounds like it's a done deal.

Talks about "shipping up ore to Kabwe" "2hrs up the road to Kabwe"

[deme1] 26/6/2019 16:59

hxxps://audioboom.com/posts/7300246-galileo-resources-discusses-their-initial-inferred-resource-and-john-meyer-covers-resources-stocks

Colin "this resource WILL be shipped to up to Kabwe"

Good old Colin, cant keep a lid on things ;)

[choppernoel] 26/6/2019 16:17

2 days left Mr Due Shortly

[plat hunter] 26/6/2019 15:43

The costs are pretty negligible really, does sable have a crusher?

[bullster] 26/6/2019 14:34

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Here are some of the costing values, when the Star Zinc open pit option is considered in GLR's study.

Zinc price – $2,700/t (LondonMX 3 year trailing ave. to April 2019)
Ore/Waste mining cost – $6/t
Transport cost – $11/t

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[choppernoel] 26/6/2019 13:29

The only thing not a SECRET is the jubilee shareholder destruction.

[choppernoel] 26/6/2019 13:27

Jubilee always releases news last. IT'S A BIG SECRET.

[gsg] 26/6/2019 13:25

True. It'll be interesting to see when the deal is announced.

[sleveen] 26/6/2019 13:22

I doubt CB is daft enough to announce the assets and an in house indicative annual revenue and costs estimate, without have a deal in place.

[ginko3] 26/6/2019 13:17

Leon always comes across as a professional to me and while I'm sure any deal will be tilted in Jubilee's favour I'd prefer him not to screw GLR. Its a fairly small industry and word of that sort of behaviour gets around. In the longer term it would do us more harm than good.

[on target] 26/6/2019 13:11

The fact the CEO of Galileo is also the Chairman of Jubilee might help?

[choppernoel] 26/6/2019 13:11

Equivalent RNS from jubilee is IMMINENT

[sleveen] 26/6/2019 13:09

Presumably a deal has been done?

[goingforarun] 26/6/2019 13:08

Do find it odd that this has come out with no equivalent from JLP. After all, we may not want their ore? Unless, of course, the price is right?

[choppernoel] 26/6/2019 13:04

English words used so far by Leon stalling operations in the past: imminent, due shortly, final talks, finalising talks, still in talks. PLEASE TRY USE DIFFERENT WORDS WHEN U EXPLAIN THE NEXT DELAY FOR PLATCRO PGMS AND DCM LICENCE

[gsg] 26/6/2019 12:54

So Galileo has publicly shown Jubilee its hand. Surely the new institutional shareholders of Jubilee will not allow a mates rate deal. Leon should be able to screw Galileo to the boards with the resulting off take agreement.




Colin Bird, Chief Executive Officer, said: "This initial JORC-compliant resource estimate confirms the previously announced Exploration Target and the Company's publicly announced* presence of a high grade zinc component in the deposit suitable for direct shipping to the Jubilee Metal Group plc's zinc process/refinery plant at Kabwe. The MRE clearly identifies an easy access near-surface mineable zone with a low stripping ratio of one to one. There will be no requirement for processing equipment other than possibly a mobile primary crusher. A low grade portion of mineralised material remains an exploration target and may be amenable to preconcentrate/upgrade to about 10% Zn either as DSO or blending, pending further test work and method development.

The MRE will allow for a 6-year life-of-mine small scale operation to produce rock mass of only 5,500t/month containing 12,000 t zinc metal per year to Kabwe. While in-house attributable revenues are projected at about USD15 million annually at current price, the annual all in cost is projected not to exceed to USD2 million.

[choppernoel] 26/6/2019 12:47

June ends on Friday Leon. Are u going to use a new English word to describe the delay?

[adejuk] 26/6/2019 12:08

all buys today but small
still could see ano .05 by close

[choppernoel] 26/6/2019 11:59

fire alarm code now

[goldibucks] 26/6/2019 11:51

“the only thing we would need capex for at the moment is for snapping up GLR.” I can see JLP ending up with equity in GLR as part of agreeing the offtake arrangement.