Jubilee Metals Share Discussion Threads

[niloc4] 30/7/2019 12:11

What has Sylvania platinum not got what jubilee has got? LEON AND COLIN

[niloc4] 30/7/2019 12:02

Sylvania platinum moving nicely again.

[tullynessle] 30/7/2019 10:52

Noticed the "316" share trade at 09:53:43.

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What does 316 mean for stainless steel?

Answer: 304 contains 18% chromium and 8% nickel. 316 contains 16% chromium, 10% nickel and 2% molybdenum. The "moly" is added to help resist corrosion to chlorides (like sea water and de-icing salts) See "Stainless Steel for Coastal and Salt Corrosion Applications" for more information.

[plat hunter] 30/7/2019 10:45

You and Waite.. How do you know Terry?

[niloc4] 30/7/2019 10:41

Leon, when is Platcro pgms starting? Q2:2019 - when? Surely you have numbers by now. OR must we Waite for you to IMMINENTLY report them.

[plat hunter] 30/7/2019 10:34

"Poor choice of AIM stock"Well there's your mistake then, you bought it, that was all you. Nobody promised you anything.So begs the point then, why are you still holding and what exactly do you expect to achieve here?No one really listens to you other than Chopper and Krypton, which really says it all, don't you think?We all know their mistakes.

[aceshi] 30/7/2019 10:23

Platt What mistakes? Only mistake, as for most current holders, was invest in this company, to date. Sure, I bought in early, but I've traded from time, along the way. Selling on spikes and up until about a year ago, taken advantage of dilution events, as you always harp on about and currently sit around break even. I doubt whether too many investors here have done that much better. So not as much mistake, as poor choice of aim stock, thus far.

[sleveen] 30/7/2019 10:15

Goldi

Cost of Kabwe assets was low, stolen from BMR some would say.


Bullster thanks for the prill prices.

[the bull] 30/7/2019 09:59

SLP on the climb again, yet here we sit

[fozdad] 30/7/2019 09:44

When the news of the Kabwe project was first announced, there was no mention of Vanadium in the business case, yet we were all excited based on the recovery of Zinc and Lead alone. The news that we are also to target Vanadium came months later. I think most saw it as a (very substantial) bonus

[danieldanrichardson] 30/7/2019 09:36

It would appear Goldibucks is looking to 'top up'.

[plat hunter] 30/7/2019 08:58

"They should try buying assets when the price is low so by the time they are ready to press the start button in their processing plant, which seems to take 2-3 years, we might benefit from a commodity price boom instead of looking at it in the rear view mirror."

What like Chrome, zinc, vanadium and PGM's

With the exception of Palladium all of the above have not really been setting the world on fire have they?

[bookwormrobert] 30/7/2019 08:51

Hi Goldi!
There are good reasons to believe that the vanadium price (which is notoriously volatile) should recover from its current dip. Stockpiles are down, and demand is growing due to a wave of new steel regulations worldwide. (90% of vanadium use is in high-strength steel alloys; that's what really drives its price).
It may well be that in 5 months' time (when production at Sable hopefully commences) the vanadium price is back up again. All in all, with vanadium you just have to take the rough with the smooth, the boom times with the bust.
Hi Bullster!
Thanks as always for posting your PGM price calculations. It's good to see we're at a recent high, especially considering that Platcro P{GMS / Eland is coming on stream.

[goingforarun] 30/7/2019 08:41

I would have thought the better tactic is to develop a series of long term income streams across a range of commodities. You’re not then reliant on one? Funny thing is...isn’t this what they’re doing? Maybe they do know a thing or two!

[1madmarky] 30/7/2019 08:26

Goldi, are you suggesting the BOD should invest in a crystal ball?

"They should try buying assets when the price is low so by the time they are ready to press the start button in their processing plant, which seems to take 2-3 years, we might benefit from a commodity price boom instead of looking at it in the rear view mirror."

[bullster] 30/7/2019 08:08

.
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In Q4/18 we earned £346 per pgm ounce.
6,279 pgm ounces earned us £2,173,000.

For August alone and a basket price of £197 per pgm ounce higher.
If we produce 2,500 pgm ounces (max. target)

Earnings for AUGUST will be around £1,357,500

Equivalent to around £4,000,000 earnings per quarter.

If Platcro is set to double our 30k ounces per year... do the maths.

Note... costs to produce, exchange rates and basket price can vary.

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[bullster] 30/7/2019 08:07

.
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PRILL

PLATINUM = 49%, @ $878 = $430.2
PALLADIUM = 40%, @ $1529 = $611.6
RHODIUM = 9%, @ $3355 = $302
GOLD = 2%, @ $1424 = $28.5


PGM BASKET PRICE PER OUNCE

12/12/2018 = $1,120
07/01/2019 = $1,155
31/01/2019 = $1,185
13/02/2019 = $1,184
26/02/2019 = $1,291
02/03/2019 = $1,292
20/03/2019 = $1,356
29/03/2019 = $1,238
01/04/2019 = $1,245
17/04/2019 = $1,238
26/04/2019 = $1,267
30/05/2019 = $1,176
10/06/2019 = $1,215
20/06/2019 = $1,308
30/06/2019 = $1,327
10/07/2019 = $1,356
30/07/2019 = $1,372

All calculations done on the lower "bid" price from Kitco charts in the header.
Figures should be used as a yardstick of price movement, only.
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[goldibucks] 30/7/2019 07:45

“Come December the share price will reflect all that is going on in the background“.

If we are waiting for Kabwe in December, are you factoring in the 50% reduction in the price of vanadium pentoxide since the end of February? The 11% royalty that has to be paid to BMR? The 35%-40% tax that has to be paid to the Zambian government? Kabwe will be a step up in earnings but it’s not the project it was when the price of vanadium pentoxide was 4 times higher than it was now.

“I first bought at 50-52p but also bought many millions at circa 1.2p to 1.4p and continue to top up at regular intervals.”

How do you know you’re not as wrong about Jubilee’s prospects now as you were when you were buying at 50p-52p?

The problem with Jubilee is they move too reactively and slowly. They buy up Tjate when the platinum price is high and by the time they’ve done that the price has crashed so that goes on the back burner. They buy into Kabwe when the price of vanadium is high and by the time they have everything in place to produce, the price has fallen by 75%.

They should try buying assets when the price is low so by the time they are ready to press the start button in their processing plant, which seems to take 2-3 years, we might benefit from a commodity price boom instead of looking at it in the rear view mirror.

[1madmarky] 30/7/2019 07:29

Our commodity prices continue to edge up nicely. :-)

[robers98] 29/7/2019 20:22

Good spot GSG, not much left for original BMR holders with near enough 20% handed out,after the fund raising What will jlp do with their holding when they re-list.

[plat hunter] 29/7/2019 19:38

Very well thank you, i'm very happy.How about you, how are YOU doing?

[plat hunter] 29/7/2019 19:03

"BullJLP continues to be the worst performing investment I've made in over 40 years"Could have been one your best, if you hadn't made so many mistakes.

[lostabillion] 29/7/2019 18:42

For some it may be the best investment they’ve ever made!

I first bought at 50-52p but also bought many millions at circa 1.2p to 1.4p and continue to top up at regular intervals.

Come December the share price will reflect all that is going on in the background imo.

Stick with it and you could be rewarded beyond your dreams.