Jubilee Metals Share Discussion Threads

[kryptonsnake] 28/7/2019 09:24

They need to compare Jubilee with BMR to make Jubilee look good LOLsss

You can't compare them with any other company because Jubilee starts to look bad

Years of revenue but not a penny of profit banked and lets not mention shareholder value

They are expecting reported profit in November but the profit will probably be a loss due to Kabwe costs and what ever other projects they decide to take on

Are you sure Kabwe is fully funded? The next placing will confirm that


LOLsss

[kryptonsnake] 28/7/2019 09:16

Colin has his confetti cannon out. Which company is next?


LOLsss

[goldibucks] 28/7/2019 08:31

“have you ever seen a value put in the financial report for all those PGM's sat there in the tailings at DCM.” It’s not in Inventories at 30 June 2018. I assume they have the right to process the DCM tailings but not legal title so as you say, that’s off Balance Sheet value that’s getting enhanced by fine chrome processing. Will be interesting to read the Inventories note at 30 June 2019 because they have the PlatCro PGMs there, which they do own. They capitalise the cost to transport to Eland and have to disclose it and have to say how much of the Inventories they don’t expect to use within 12 months so you can see the speed at which they think Northam will process them. They expected to have processed 980,000 tonnes of PlatCro PGM tailings by 30 June 2019 and as we know haven’t managed to process any. It will have cost them about £280k to transport 1.25m tonnes of PlatCro PGMs to Eland.

[plat hunter] 27/7/2019 20:59

I don't think there's any comparison to BMR's prospects in the slightest. One is profitable with fully funded projects and one is delisted and effectively bankrupt

[aceshi] 27/7/2019 17:53

The comparison to BMR shareholder prospects, is hardly a comforting thought for JLP holders. Take a look at how the Birdman has achieved a gang of new adoring fans, amongst his XTR holders. Always the same model, sell those jam prospects and numbers and then out with the confetti cannon. For now, he remains a one hit wonder.

[niloc4] 27/7/2019 17:10

XTR Shareholders just got shafted by Colin.

[plat hunter] 27/7/2019 16:00

4Colin lol

[lostabillion] 27/7/2019 13:24

Chopper1 has reincarnated yet again, sad indeed.

[1madmarky] 27/7/2019 12:50

Nilco try reading the RNS

[niloc4] 27/7/2019 12:09

Platcro pgms? Why hasn't that started? It's nearly August 2019.

[niloc4] 27/7/2019 11:58

Q2/2019 results late?

[plat hunter] 26/7/2019 18:54

JLP will benefit hugely from this..."To ensure the merging parties implement these undertakings, the commission imposed a number of conditions.These include that Cheetah must hire no fewer than 1 600 employees at DCM within a period of ten years post the implementation of the transaction; that the HDIs, including local communities, shall have a combined 30% shareholding in DCM; and that DCM shall continue to procure services from small and medium-sized businesses owned by HDIs.Moreover, DCM must beneficiate the chrome ore locally. The commission indicated that beneficiation in this context meant that chrome ore be crushed, screened and processed and converted into chromite."

[plat hunter] 26/7/2019 18:48

Quite right Bullster.I mis-quoted something that I recently and and now can't find it.It was certainly doubling something though

[cernunnus] 26/7/2019 16:03

Lol! Probably. Very dull at the mo.

[cernunnus] 26/7/2019 15:45

IG index closed the book on JLP, closing only. Market unavailable to open. Usually a good sign.

[bullster] 26/7/2019 14:53

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Goldibucks, have you ever seen a value put in the financial report for all those PGM's sat there in the tailings at DCM.

As we all know, we must have treated about one million tonnes of tailings by now to extract the larger particles of chrome. That same pile will now be ground to fine powder to remove fine chrome, let's say a further 7% volume reduction.

We are now left with a feedstock that contains more of the PGM's that you want, by volume.This means that you can put less feed material into your floatation tanks and recover the PGM's with less time and more cheaply.

Going by the cost at Hernic £13m/est. we can guess a price tag at DCM of £9m/e.
The stockpile at Hernic is/was over double that at DCM and i always called into question whether or not it was feasible to build the PGM circuit, maybe the extra output from the Chinese takeover of the mine will have a bearing.

If not the removal of fine chrome will pay for the trucking to a nearby processor, one million tonnes of upgraded tailings must be worth £8m in profit to JLP.

Did you see that in the financials Goldibucks ? bet not.

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[lostabillion] 26/7/2019 14:37

Hostile bid for JLP coming very soon!

[bullster] 26/7/2019 14:15

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I'm in the mood to promote JLP's hidden value.

Let's get higher.

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[gsg] 26/7/2019 14:09

L2 slightly more positive 4 v 1

[frogkid] 26/7/2019 13:53

You lot are depressing me and I'm trying to have a holiday. I'm selling up and moving to Sri Lanka.

[bullster] 26/7/2019 13:40

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Plat Hunter says ...."Considering JLP are already on site with a process to double the recovered yield over traditional methods"

Not so !

The richer parts of the seam need little processing, after crushing it can go straight into the smelting furnace.

As MadMarky posted yesterday, JLP have an agreement to process a limited amount of ore from the mine, of unknown quality (richness).

Apart from that, JLP processes the discards or tailings (low in richness).
Fine chrome sounds good, but you have to put a lot of energy into grinding the lower quality (less rich) tailings into dust. I assume a 7% fine chrome recovery figure from the tailings.

The 50/50 share at DCM , by nature of how little profit JLP has made from chrome, makes it obvious that JLP does not share in the main ore extraction from the mine, save for the small allocation.


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