Jubilee Metals Share Discussion Threads

[deme1] 05/9/2019 11:38

Goldi

Put your energy into your other investments now.

No need to try and convince others as to why you sold out.

[goldibucks] 05/9/2019 11:32

Question to the bulls. If the supply of PGMs to Northam is greater than the processing capacity, why did Shard put a project NPV of only £9m on Windsor PGMs in March 19. Surely, £3m of earnings for 10-20 years is worth more than £9m. Did they make a mistake?

[goldibucks] 05/9/2019 11:00

“I would also challenge your statement that we have to cover the full £3 million cost of Windsor tailings before we make a profit.” You’re acknowledging the stock value moves to cost of sales (correct) but saying the cost doesn’t need to be covered before you calculate profit?

[fozdad] 05/9/2019 10:47

And as someone has already mentioned, there is the prospect of taking in 3rd party material

[fozdad] 05/9/2019 10:42

Goldi, just a couple of points.

You are certainly correct in stating that material from new arisings donor affect the P & L but they do affect the life of the project. I think it was Bullster who suggested the plan is to send the Windsor material ex fine chrome to Hernic for PGM extraction when the Hernic tailings had been used up and only new arisings are available. It certainly seems plausible as it would extend both projects. There would be extra transport costs but as far as I know, we have no investment in the plant at Northam that would require a write off.

I would also challenge your statement that we have tocoverthefull £3 million cost of Windsor tailings before we make a profit. This cost is currently held on the balance sheet and the correct counting would be to transfer the cost of the railings processed out of the balance sheet and into cost of sales, thereby calculating the gross profit on sales.

[alittlebirdtoldme] 05/9/2019 10:32

What is YA Global?

[goingforarun] 05/9/2019 10:31

Surprised this hasn’t gone above 3p? Still think the message needs to be spread wider!

[deme1] 05/9/2019 10:15

There does seem to be some selling in the background that is keeping us pegged.

How ironic would it be if we had an RNS stating that JLP have been buying back shares on the open market!

I think that is the only news that will move us at the moe.

That and possibly a massive Gold, Oil, and Rhodium find at tjate ;)

[nelson01] 05/9/2019 10:08

Goldi please don't make any more of a fool of yourself, it's cringing to read.

[bookwormrobert] 05/9/2019 09:59

YA Global? What new garbage is this?

[bullster] 05/9/2019 09:58

.
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Getting feed material through the DCM fine chrome plant, at such slow rates, causes a delay in building the PGM concentrate floatation plant.

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[rock star] 05/9/2019 09:51

I take it YA Global sell into any buying?

[deme1] 05/9/2019 09:38

Waiting for permission to process the PGM pile we have

[gsg] 05/9/2019 09:36

Reasonable rns in the platinum space, but nothing new imo.

What would be most welcome is any news on Tjate or DCM platinum.

On the 5th August Proactive webcast Leon stated re DCM Platinum .

"next waiting in the wings is the platinum side of the project. It will be our third platinum project which we target at Dilakong"

Waiting for what, I wonder?

[bullster] 05/9/2019 09:34

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PROJECT EARNINGS PER MONTH

WINDSOR PGM 2,500 onz = £925,000
HERNIC. PGM 2,500 onz = £925,000
WINDSOR CHR 27,000t . = £450,000
DCM.... CHR 8,000t... = £150,000

£2,450,000m / £29,400,000y

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[1madmarky] 05/9/2019 09:33

Wrt the longevity of Windsor PGM'S, of the stated 60k tpm, how much is going to be ours?
From what I've deciphered up to 12k pm would be 3rd party ore. If thats the case then life expectancy improves a bit

[aceshi] 05/9/2019 09:28

What are you looking for Robert?

[plat hunter] 05/9/2019 09:26

We process more material at Windsor than what is being added to surface... we will eventually and if not pretty soon have to curb processing in order to stock pile for later processing or take on more local waste.

We might even end up with a damn at Windsor so we can store post chromite extraction tailings like we do at DCM

[bookwormrobert] 05/9/2019 09:21

Hi Goldi!
Junk the accounting jargon, and admit that what you posted was fundamentally incorrect.
I repeat: Windsor PGMs is an open-ended project, not limited to the life of the initial tailings purchase. Presumably, that is why Platcro (now Windsor Chrome) was purchased by Jubilee.
So your post above was complete bollchocks designed to scare others away. I assume you're looking for a lower entry price, though who knows, maybe you're betting on CFDs and you've gone short.

[adejuk] 05/9/2019 09:20

even if you're correct goldi that's still a very low pe

[aceshi] 05/9/2019 09:18

GoldiThey can't do that, because it's all speculation. Management is largely to blame because they are never transparent with costs.

[goldibucks] 05/9/2019 09:18

“Great RNS. Finally some good news. Well done”. Why is it good news. They’ve had the tailings sitting in the Balance Sheet for 2 years. They said Northam were going to start processing them in August and they have. Shard valued the earnings stream at £9m. Small potatoes compared to a £55m market cap. Another 2 year earnings stream to go with the 2 years of Hernic left before the 85% share kicks in. How can JLP ever be valued on a proper earnings multiple with 2 year earning streams?

[goldibucks] 05/9/2019 09:10

“Highly misleading and factually incorrect nonsense” You always say I’m wrong. Say what the right numbers are. Those are the core numbers. Arisings are not material in terms of P&L impact.

I haven’t included all of the other smaller costs in those high level numbers. For example, 2 more years of Hernic depreciation on the £13m capitalised plant cost which would reduce the £8m current project earnings. That could wipe out any upside on arisings on both Hernic and Windsor PGMs.

If I’m wrong, tell us what the right numbers are and how the £55m market cap or higher target market cap breaks down across their earnings streams.

[aceshi] 05/9/2019 09:10

"Highly misleading and factually incorrect" Please list these misleading and incorrect facts. This will allow us all the opportunity to consider them and perhaps offer our opinion. Otherwise your post is just more unsubstantiated, meaningless, waffle.

[niloc4] 05/9/2019 09:06

Great RNS. Finally some good news. Well done