Jubilee Metals Share Discussion Threads

[frogkid] 07/11/2019 16:07

What has happened to today's Colcast?

[kennyp52] 07/11/2019 15:40

whatever doubt is holding this down will IMHO be removed if they announce no equity placing is needed . That being the case means they have enough cash to make the deposit and generating surpluses sufficient to pay the monthly instalments. Figures would be nice but this would be a pretty solid confirmation they are generating serious cash profits . All IMO . So what if they need to raise a bit of equity with the returns they are quoting the payback period is very short for such a deal .

[bullster] 07/11/2019 14:16

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GSG,

YES, i agree.

Coupled with our pgm earnings per ounce up over 100% January to September.

Without that extra cashflow, we wouldn't have been able to move as quick as we are.

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[bullster] 07/11/2019 14:06

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PGM's earnings alone,

£40M p/a Eland
£20M p/a Inyoni

£5M earnings per month.

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[gsg] 07/11/2019 13:59

Bullster. The potential of doubling PGM ounces from Eland was the big news from the recents RNS's imo.

IMO the last two announcements have the equivalent of about eight announcements within them.

It is a shame that Jubilee's announcements are so poorly written with limited explanation for the uninitiated investor. It has been said before, however Jubilee really need to get an handle on their abysmal communication skills.

On a business development and project level this is the best investment opportunity on the UK market, bar non imo.

[bullster] 07/11/2019 13:44

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Shard are suggesting that Eland can do double the feed to produce 67,000 pgm ounces per annum.

If we take Leon's words of Eland matching Hernics 30,000 pgm ounces p/a

60,000 x $806 per ounce (septembers per ounce earnings) 2,250 oz @ £1.41M

$48,360,000 or £37,593,284 earnings p/a


ps. Octobers average basket was up $55 per oz
add another £2.4M for a round £40M earnings p/a

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[1madmarky] 07/11/2019 13:32

With the latest deal, we should be absolutely minted once Kabwe fires up in 6-8 months time.

Now I'm going to scare people... we could afford to do Tjate on our own!

Just kidding :-)

[the skipper] 07/11/2019 13:17

Colin will be doing that tonight whilst Leon records another interview I suspect, but the note does enough explaining for me.

[goingforarun] 07/11/2019 13:01

Aside from the note why no interview by Leon? He was straight on the case with the first deal for PGM? This is bigger and should be explained!

[bullster] 07/11/2019 12:53

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Was i correct GSG ?

22%, bang on, now quoted in the new Shard note.

Not the first time my figures have appeared in their notes, are they reading this board ?




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Bullster - 27 Oct 2019 - 14:05:22 - 15553 of 15963 Mighty Oaks from Tiny Acorns (Moderated) - JLP
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GSG,

Re your post 15533, i believe the Shard note to be incorrect, when quoting 8-10k tpa of chrome concentrate. For a start, Questco the Business Rescue Practitioner emailed me the figure of upto 10k tpm. I once did a calculation from a yearly production at DCM and the chrome concentrate recovery from tailings was about 22%.

The cost to produce pgm's at Hernic includes producing this chrome concentrate, we can now sell it and add the full receipts as earnings, the September earnings for pgm's was £1.41m, just add on the selling price of 9.24k tonnes of c/c on top, as earnings.

p.s. Shard says the average feed at Hernic was 42k/m, so on an equivalent DCM 22% recovery gives 9.24ktm.
The target was always 45ktm now to go up to 50ktm.

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[robers98] 07/11/2019 12:51

'Don’t forgot Windsor. A hidden gem in the recent JLP press releases concerns the 1Mt of PGM-rich material now available for processing at the Windsor project through Northam’s Eland plant. The impact of this wasn’t particularly obvious in the RNS. Our take on it is that it could allow JLP to significantly increase throughput at Windsor. JLP’s plan is to process 60ktpm of feed (producing 2,800oz per month PGMs) through Eland, but we understand that the plant nameplate capacity is much higher, perhaps even double this figure. Thus, we see no reason why JLP could not increase production and take advantage of the currently high PGM basket prices. In this case, doubling throughput would naturally double the PGM production, i.e. from 33kozpa to 67kozpa on an annual basis. This potential option to increase production and revenue at Windsor further supports what we think is a very astute series of transactions by the company.'

[freedom97] 07/11/2019 12:48

You are correct mike, for some reason when Plat posted Joberg, I started posting Joberg instead of Joburg.

I agree RNS's should also not be issued after JSE closed.

[mikebolle1] 07/11/2019 12:39

Correction: Its Joburg
I also agree that an RNS should be issued when both exchanges are open. For this reason, I feel that RNS's should also not be released after the JSE closed (15:00 GMT). But I guess it is not an exchange rule... it will be practical impossible to govern the issuance time.

[deme1] 07/11/2019 12:35

$13.5mil on the increase that JLP could put through the plant.

I like how they show the scale of profit it prices were to go up. If Chrome went back to $240 a tonne as it did 2 years ago the bottom line profit then jumps to $21mil

[danieldanrichardson] 07/11/2019 12:34

Freedom have you stopped taking your medication?

[1madmarky] 07/11/2019 12:31

Cheers undie... hernic chrome ~ best part $10m per year straight onto the bottom line... :-)

So not too bad a deal

[bullster] 07/11/2019 12:11

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When you put a glove on your right hand, and look in a mirror, it moves to your left hand.

Lie horizontal in front of the mirror, and your socks and shoes move to your head.

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[billyboy2fromiii] 07/11/2019 12:07

Hi,

New Shard Broker note....

hxxps://jubileemetalsgroup.com/wp-content/uploads/2019/11/Shard-Capital-JLP-7-11-2019.pdf

Regards, BB2

[plat hunter] 07/11/2019 12:07

No one cares Deme

[scrappycat] 07/11/2019 12:06

freedom,

An RNS issue at 0700 (currently 0900am in SA) GMT by the LSE, would be perfectly acceptable to both exchanges. Your original post referred to the issue of a RNS. This is an LSE issue.

[freedom97] 07/11/2019 11:50

Of course Joberg is always 2 hours in front of UK GMT wise, but when UK adds one hour for BST it's 7am in UK & 8AM in Joberg local time.

I give up trying to make it clear re. when RNS's in both countries should be issued.

If you expect RNS at 7am then fine.