Jubilee Metals Share Discussion Threads

[adejuk] 13/1/2020 16:12

losta
unless trump farts!

[lostabillion] 13/1/2020 16:02

We’re at the start of a PGM super cycle so naturally Tjate will come into play. We won’t develop it though, that will be a Chinese conglomerate! We’ll get hefty ongoing royalties imo.

On track for a 5p+ finish to the first month of the year.

[adejuk] 13/1/2020 15:41

we should sell the bloody thing asap at a profit to someone who has pockets deep enough to throw money into a hole in the ground.

[adejuk] 13/1/2020 15:40

we'll be f'd if they try to mine tjate

[deme1] 13/1/2020 15:32

Lets have another test of 4.5p this week please!

[fozdad] 13/1/2020 15:00

We should be in for a serious re-rate if we are successful with current operations and in-flight projects!

For me, anything from Tjate will be a bonus

[goingforarun] 13/1/2020 14:50

If they focus on this, and are successful, then presumably it could mean a serious rerate?

[freedom97] 13/1/2020 14:15

"Jubilee is pleased to announce the results of a recently completed independent
SAMREC compliant mineral resource statement by The Mineral Corporation Ltd for
the "First mine" area on its 63% owned flagship Tjate project in the eastern
Bushveld of South Africa.":



Also, in a webcast about a year ago, they said at the time, they could infact make a profit now from the near surface material. However, it was said, that they want to focus on Hernic etc., first to get production to full potential. They have now accomplished that, so it all depends if they decide to put Tjate on hold longer, if they decide they need to focus now on Kabwe...

[bettyswollox] 13/1/2020 14:04

All the rns information relates to mining rights, not ownership. To be fair, I hope we do own it, because according to the last set of accounts there's 65 million ounces of PGMs down there so our balance sheet valuation may therefore be on the low side!

[bettyswollox] 13/1/2020 14:01

Tjate Platinum Ltd is our subsidiary and it holds a 30 year right to mine the 6000 hectares across the 3 farms - they do not own the land.

[nelson01] 13/1/2020 13:55

And how could you sell any of it for 5 million if you didn’t own it.

[nelson01] 13/1/2020 13:54

Why would you spend millions proving a resource if you didn’t own the property and had no licence.

[plat hunter] 13/1/2020 13:53

Afraid not, well not to my knowledge anyway.Tjate licence was used for a pump and dump best forget about it imo.

[nelson01] 13/1/2020 13:47

No I’m pretty sure we own the property.

[plat hunter] 13/1/2020 13:42

We own 70% of the license.. We don't physically own the land, we are merely entitled to recover the minerals from the ground.But we are also obligated to meet certain conditions to comply with granting of the licence. If we don't comply with the mining licence then we lose it. This is what happened to BMR

[nelson01] 13/1/2020 13:36

We had a deal to sell a small part of it to someone for 5 million a few years back but
Leon and Colin changed their minds and decided to keep it.

[goingforarun] 13/1/2020 13:27

Feels like my original question is still alive then? If there is a Q&A around the update possibilities for Tjate should be explored?

[nelson01] 13/1/2020 13:21

We own 70 odd % of Tjate....Betty swallox is talking swallox.

[frogkid] 13/1/2020 13:02

utter tosh

bettyswollox13 Jan '20 - 11:51 - 17845 of 17848
0 0 0
We can't sell it because we don't own the asset. We have a licence that allows us to mine it - at the moment that's probably not worth anything.

[gsg] 13/1/2020 12:45

‘South Africa is coming back.’ Almost half of Bank of America’s top EEMEA shares for 2020 are listed on the JSE.

Bank of America Securities has taken a bullish view on the South African market.
Eight of its twenty top EEMEA (Eastern Europe, Middle East, Africa) shares which offer value- as screened by quantitative measures like valuations, earnings growth and dividends - are from South Africa.
These include Sibanye, Angloplat, Gold Fields, Harmony, African Rainbow Minerals and Implats, which already jumped 290% in 2019.

[plat hunter] 13/1/2020 11:58

Tend to agree with Betty on the whole. All my expectations here, are with Tjate fully discounted.

I think for tjate, to be worth anything then PGM have to enter a new phase of higher for longer; however I can't see the industry moving away from the volatility of the boom and bust cycle anytime soon.

By the time they are all calling it a super cycle again, we would have already made our money.

[bettyswollox] 13/1/2020 11:51

We can't sell it because we don't own the asset. We have a licence that allows us to mine it - at the moment that's probably not worth anything.

[goingforarun] 13/1/2020 11:40

Just thought this would give a good lift to the balance sheet if we could sell it for a bit of cash! Would also stop the placings grind!

[1madmarky] 13/1/2020 10:57

Don't think Tjate is particularly deep. Also believe there are other metals to be extracted, pretty sure copper has been mentioned before.