Jubilee Metals Share Discussion Threads

[bullster] 29/8/2019 20:47

.
.

If copper isn't coming out of the dump, all copper profits to Jubilee Metals Holdings, for sure.

The same for Star Zinc material, if it doesn't come from Kabwe dump, then no share.

.
.

[goingforarun] 29/8/2019 20:39

Doesn’t sound like an issue to me? More like another positive message in the midst of all the doomsayers!

[bullster] 29/8/2019 20:30

.
.

SO... the acid plant part of the refinery has been kept running during the handover.



Leon:-
"The refinery, of course, has been operational, it continues to produce acid, sulphuric acid, which we’ll supply to the industry so very exciting and busy time for Jubilee Metals Holdings".

NOTE.... Jubilee Metals Holdings not the joint venture company, all profit from acid to jlp only, methinks.

Glencore must have kept the supply going into the acid plant, can see that continuing, if Glencore are receiving the acid in return, initially.

.
.

[nelson01] 29/8/2019 20:07

No need for a placing, with PLatcro pgms the profits will be coming in at millions per
Month. The new deramping idiot has seen the price of platinum soaring and is getting even more desperate realising he has made a huge mistake. Look what just happened with
Gold,silver and platinum, nothing for ages then boom.platinum is going all the way to
1200 quickly and with PLatcro coming online just at the right time.

[niloc4] 29/8/2019 20:06

Leon said no further placings. DEFINITELY NO MORE This has been the destruction problem with jubilee. After Leon says no more placings, bobs your uncle and jubilee does a placing. I would trust a snake before I trusted Leon. The man has destroyed the markets trust in jubilee.

[deme1] 29/8/2019 19:57

"So, the strategy is quite clear, we secure third party copper material"


we SECURE

does this mean they will purchase (just like platcro) the material.

I have said this for a while, that a placing will come to pay for a copper source.
There is no other reason for the share price to be so stagnant after such progress.

[bullster] 29/8/2019 19:44

.
.

Hernic can be supplemented with Windsor material to make even more profit from it, because Northam won't get a cut.

.
.

[goldibucks] 29/8/2019 19:38

By the time the 15% kicks in 2/3 of Hernic’s tailings will have been processed so JLP will be left with about £1.2m for a year for a couple of years followed by £0.3m a year from the arisings after that. Peanuts compared to the £56m market cap.

[bullster] 29/8/2019 18:49

.
.

timhigginson,

We can't extract the pgm's at DCM until we put the tailings back through the fine chrome plant at 25,000t per month, and we've barely started that process.

To get the 800,000t pile through will take 32 months, a bit of a bottleneck which will happen elsewhere when fine chrome extraction is introduced.

Unless you spend double the cost it took at DCM ($3.4m), then you could get 50,000t per month through.

.
.

[timhigginson] 29/8/2019 18:44

Still don't understand the DCM pgm position. Anyone?

I thought that the DCM pgm's were going to produce a further 25k ozs pa, thus replacing Hernic.

[bullster] 29/8/2019 18:40

.
.

I suppose 15% is not too bad, if it's clear profit.

The tailings belong to Hernic, in the first instance.

.
.

[lostabillion] 29/8/2019 18:15

Why are you here niloc?

In fact why do you spend every waking hour here?

[niloc4] 29/8/2019 18:13

Sylvania have a competent management team. They deliver.

[niloc4] 29/8/2019 17:52

"Jubes time is coming" When? Next year? The year after That? Normal Jam tomorrow talk by consultants who work for jubilee. Your name matches Jubilee Metals destruction of shareholder value......Lostabillion

[goingforarun] 29/8/2019 17:21

Losta, all well and good saying it but we need facts not potential. Still can’t understand the real catalyst here unless its actual accounts in November!

[lostabillion] 29/8/2019 17:15

SLP now marching towards 50p.

JLP have far far more potential than SLP!

Jubes time is coming.

[lostabillion] 29/8/2019 17:10

Still can’t fathom why you sold Goldi.

I know you mentioned you might buy back at 2p but with the right momentum you could add a zero to that 2p in a fairly short space of time.

[deme1] 29/8/2019 17:10

"Finally, JLP managed not to develop or sell their 67% of Tjate with higher PGM prices so you’d be brave to speculate on that changing."

Are you referring to a time when they part owned tjate, but had no licence to do anything with it? Now they have the licence, a higher Plat price may offer adifferent outcome ;)

[lostabillion] 29/8/2019 17:06

You missed Copper ;-)

[goldibucks] 29/8/2019 17:04

3 comments about the PGM price.

Firstly for Hernic, a higher PGM price just speeds up when the 85% share kicks in, there is little long term benefit to JLP other than the 15% tail being worth more but that’s peanuts.

Secondly for Windsor PGMs, Shard valued it at an NPV of £9m, less than 10% of their target market cap. To get a 0.3p increase in the current share price, or about £5.6m of market cap, you are going to need a huge increase in PGM prices. Most of Shards’s JLP market cap target came from Kabwe and the price of vanadium pentoxide has fallen by 2/3 but nobody mentions that on a daily basis.

Finally, JLP managed not to develop or sell their 67% of Tjate with higher PGM prices so you’d be brave to speculate on that changing.

Basically, chrome, zinc, lead, and vanadium prices are 10 times more important to JLP than PGMs but nobody reports those prices.

[lostabillion] 29/8/2019 16:43

Tjate

‘First mine’ Mineral Resource estimate area shows a combined Indicated and Inferred Mineral Resource of 132.5 million tonnes (after geological losses) of the Merensky and UG2 Reefs at a combined Indicated and Inferred grade of 5.24g/t 3PGE+Au (platinum palladium rhodium and gold) containing 22 million oz 3PGE+Au and at an inferred grade of 5.94 g/t 6PGE*+Au (platinum, palladium, rhodium, iridium, ruthenium, osmium and gold) this area contains 25 million oz 6PGE+Au. This is based on the completion of 42 boreholes containing 154 reef intersections over the ‘First mine’ target area.
This area contains two coherent widely mineralised Merensky Reef sub-areas that have on average a 3PGE+Au grade of 5.39g/t over an average width of 1.46m. The block widths vary from 1.16 m to 1.71m and have grades in excess of 5.0g/t 3PGE+Au. These widely mineralised Merensky reef areas represent 18% of the Merensky reef tonnage and 21% of the 3PGE+Au.
Based on the boreholes drilled and the First mine resource data, the company believes an exploration target of some 368 million tonnes (before geological losses) containing 70 million oz 6PGE+Au is possible for the three farms of the Tjate project.
The company calculates an attributable value at prevailing market prices of US$30 billion to the aforementioned possible metal, for which the viability of its recovery has yet to be established in future studies as the project develops,
The company is progressing the bankable feasibility study of the First mine and the above mentioned resource estimate is a key step in this process.
* All figures that include ruthenium, iridium and osmium (in addition to 3PGE+AU) are in Inferred Mineral Resource category



The Mineral Resource Statement completed by The Mineral Corporation for the Merensky and UG2 Reefs is SAMREC compliant and is provided appended to this announcement.

[lostabillion] 29/8/2019 16:36

Can someone remind me of the Tjate group of metals, ie what percentages/metals?!?

Tjate could well be viable right now?