Jubilee Metals Share Discussion Threads

[plat hunter] 01/8/2019 18:28

You say that Marky but we have it to be rolled out at DCM, Hernic and Platcro. Add those individual build costs together and it will be touching a bulls eye.

200,000 pgms a year might not be too far away for us also

[1madmarky] 01/8/2019 18:25

"Capital cost of US$54.2m including contingency and owner's cost"

That's a shed load of money!

Think ours is a relatively small unit, so we have scaleability on our side.

[plat hunter] 01/8/2019 18:25

I said before.. Anyone can mix, butter, egg, flour and sugar in a bowl and stick it in the oven but it doesn't make everyone Mary Berry.

JLP have a USP rather than IP. it's the roll out of fine chrome recovery to operations that don't have the means to implement it themselves, either distressed assets or simply not enough feed material.

JLP are essentially a finance company and an aggregator.

[bullster] 01/8/2019 17:29

Bullster - 27 Mar 2019 - 13:23:54 - 9835 of 13268 Mighty Oaks from Tiny Acorns (Moderated) - JLP
.
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As i have said before, and Jubilees inability to prevent other firms copying the fine chrome process. Jubilee have cobbled together a combination of engineered products already on the market.

I.P. Shy pee, same for Conroast.

There's a photo of the fine chrome in the note, just as i predicted, other firms equipment in a tiered tower employing a cascade down arrangement.




(SHARD)
"JLPs process does not use new unproven technology, but instead deploys a
combination of existing technologies from various industries in a very accurate
and controlled manner".

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[robers98] 01/8/2019 16:46

RNS

Construction of Vulcan Plant approved by Board

Proprietary process to further improve chrome recoveries and deliver Vision 2020

Salient features

-- Vision 2020 is targeting annual production of 200 koz of PGMs and 2.0 Mt of chrome concentrate

-- Proprietary ground-breaking use of existing technologies in fine chrome recovery which will lead to ca. 47% reduction in chrome tailings

-- Overall improved chrome recovery from 65% to 82%, capable of adding an additional 400 ktpa to production with a reduction in overall unit costs

-- Capital cost of US$54.2m including contingency and owner's cost

[robers98] 01/8/2019 16:44

Interesting idea fine chrome recovery!! If only somebody had thought of that.

Dual-listed Tharisa Mining’s board has approved a $54.2-million project (about R780-million) that will increase chrome recovery and add 400 000 t/y of chrome to the company’s production from its chrome and platinum group metals (PGMs) mine near Brits, in South Africa’s North West province.

The construction of the Vulcan plant is key to Tharisa’s Vision 2020 strategy, which is targeting production of two-million tonnes a year of chrome concentrate and 200 000 oz/y of PGMs by next year.

To achieve its target, Tharisa has developed the Vulcan process to extract the fine chrome from current in-line tailings from the combined feed of its Genesis and Voyager plants. The primary aim of the Vulcan plant is to increase the Tharisa mine’s chrome recovery from 65% to 82% and to lower unit costs.

Project initiation is set to start this month, and hot commissioning is targeted for the fourth quarter of 2020, Tharisa reported on Thursday.

[lostabillion] 01/8/2019 16:20

280k at full ask.

[plat hunter] 01/8/2019 14:10

Goldi'

You're putting a lot of faith into Kabwe tailings being used, in the immediate future.

BMR and her shareholders are a liability. It's better for all involved if BMR eventually drew it's final breath.

[plat hunter] 01/8/2019 14:06

"Sued by BMR watch"

Lol

[goldibucks] 01/8/2019 13:18

“Best scenario is BMR just winds up before Kabwe starts earning. Ownership and royalty to then be cancelled”.

You’re not going to wind up a company that has a royalty coming it’s way at some point in the future. You’d end up getting sued by your shareholders for breach of fiduciary duty.

Even if the BMR went bust, it would be managed in administration and over the years the royalty would be used to pay the administrator with anything left over getting distributed to creditors and then shareholders.

[bookwormrobert] 01/8/2019 13:07

Well, I'd certainly like to see Jubilee put distance between them and BMR.
If Jubilee could do a deal whereby they handed back their 29% shareholding in BMR, and in return the Kabwe royalty was lowered / eliminated, then I'd consider that excellent news.
IMO, news should be close now - the Sable purchase should complete any day now. And that in turn may well trigger the Galileo extra zinc ore offtake deal, and possibly new arrangements with BMR.

[lostabillion] 01/8/2019 12:38

Another tick up coming, about time too!

[plat hunter] 01/8/2019 12:14

I'd take Bring my Reward with a pinch of salt. He's responsible for a few people being trapped over there with his inside track stories and wish lists, whilst the writing was on the wall.

Serial BMR pumper and fantasy good will ambassador.

Best scenario is BMR just winds up before Kabwe starts earning. Ownership and royalty to then be cancelled as zero tangible value.

[1madmarky] 01/8/2019 11:09

Goldi- they need money now, so quite possible. 5% royalty... nice

[kryptonsnake] 01/8/2019 10:39

I got a letter from BMR in the post today, something about Jubilee buying a larger stake in BMR

What happened to that acid deal with Jubilee and Glencore? Another false promise?


LOLsss

[goldibucks] 01/8/2019 09:58

Interesting speculation on the LSE BMR board from a guy I understand is in the BMR shareholder group that JLP will buy out more of the Kabwe royalty before BMR relist, reducing it from 11% to 5%, whilst cancelling the requirement for BMR to have to wait for them to recover their costs. I’d like to see JLP hand back their 29% of BMR for cancellation as part of any deal and cut (ownership) ties. BMR May end up with a new CEO too according to Bring My Reward on LSE.

[1madmarky] 01/8/2019 09:47

Yeah frog... good luck with that!

[frogkid] 01/8/2019 09:46

Just going to unfilter krapton trousersnake to see if he has matured....

[gsg] 01/8/2019 08:36

Skipper. Agreed.

As soon as Cantors flipped from the offer to the bid yesterday, it was plain that the direction had changed imo.

[sleveen] 01/8/2019 08:29

Peeps buying now in anticipation of probable good projects update mid-late August.

IMHO.

PS No ramp intended AcesHi.

[the skipper] 01/8/2019 08:29

The persistent seller has cleared imo. The MMs and other professionals seem to know that so the hand brake has been released, and about time too.