Jubilee Metals Share Discussion Threads

[the_isolator] 23/1/2020 16:42

Isnt our 6 monthly due early feb ?

[nelson01] 23/1/2020 16:41

aaspell That has been taken into account.

[1madmarky] 23/1/2020 16:39

Refinery cost is a constant...hopefully

[aaspell] 23/1/2020 16:29

Not sure I'd agree with that - JLP does not get the basket price ( price of the finished metals) it sells a concentrate which still need smelting and refining.

[nelson01] 23/1/2020 15:51

aaspell... for Hernic we can say that every $300 rise in the basket price will add around $7 million per year profit.

[goingforarun] 23/1/2020 15:51

Losta, it’ll just be good to get that update and see if the journey begins on the SP! Currently too much speculation, no action!

[lostabillion] 23/1/2020 15:45

Think of it this way.....every £1000 invested at this share price should be worth £10,000 within 2 years.

[lostabillion] 23/1/2020 15:36

aaspell, which in turn gives us 20p minimum per share and that’s without Kabwe’s Copper and soon Zinc, Lead & Vanadium!!!

Like I said this is going over 40p per share within 2 years, it has to, the figures warrant it.

Anyone with even a small amount of intelligence can surely work it out!

I’ll keep accumulating whilst I’m able to do so at these levels.

[nelson01] 23/1/2020 15:16

aaspell....couldn217;t have put it better myself although since the last results the
Basket price has almost doubled and the vast majority of it at Hernic is profit and shared at Windsor so you can at least double that profit figure to $40 million.

[aaspell] 23/1/2020 14:59

Long time since I was invested here but have ben keeping an eye on events and I'm starting to become interested again.

I've seen Leon's interview from November and post results highlights in the last set of accounts and it does look as thought they have turned a significant corner.

I'm sure there are loads of proper accountants / investors here that can correct my math and assumptions but this is what I'm reading it as at the moment.

Sooo forget basket prices over the last financial reporting period (and the fact they have gone upwards since then - re Bullsters regular updates). And forget all of the chrome (it starts getting too complicated for my limited math ability... but

Last year they turned a profit of £6,993,575 based upon producing 23,844 oz PGM's with a revenue (in the accounts shown as £660 per oz and at a cost of £316 so a profit of £344 per oz before tax and company expenses (salaries, finance costs etc).

At the time they only had 1,475,697,000 shares in issue to give an EPS of 0.48p (half a pence).

And that gives them a P/E ratio of about 9

Providing Hernic is still pumping out say 25,000 Oz per annum - they have highlighted post results that Windsor in first month of operation it produced 5,337 ozs of PGM (far in excess of the estimated 2,800 per month forecast).

Being pessimistic I'm going to say that was exceptional and drop the monthly Windsor to 3,500 (so 42,000 per annum). Coupled with Hernic (I know its called something else now) that combines to about 67,000 oz per annum - then on PGM's alone that's about 20 million profit on 44 million revenue.

Based on the increased number of shares (currently 2,017,509,573) that would give an EPS of about 1p.

If the PE ration of 9 was used then the share price should be around 9p.

And this calc doesn't factor in increased basket price of PGMs or any revenues profits from chrome or fine chrome etc.

With next 6 months update or 1/2 year report due in March (if production figures at Windsor stay high and Hernic hasn't lost too much production with the Leccy going off like last year) this could in theory jump quite quickly.

Anyone feel free to correct my assumptions or math before I throw some cash back in

[the skipper] 23/1/2020 14:57

Chrome prices are at rock bottom so co-ordinated action by the major producers to curtail supply can only have a beneficial effect on prices going forward. Were Jubilee to do the same for a short period it would have limited impact on the bottom line given the big hike up in PGMs production which is anticipated and the rapidly rising basket prices. Add on the diversification into copper and zinc and JLP is much less risky an investment than many of the miners.

[scrappycat] 23/1/2020 14:31

The tenacity that Leon has shown over the years, ensuring the continuance of JLP, makes me believe that he will be in no hurry to offload this, his baby. I think he has ambitions to be the CEO of a mid cap company, and will want to realise this ambition before a very comfortable retirement. I could well be wrong, of course, but he certainly seems to be not averse to globetrotting for business purposes.

[mutley walters] 23/1/2020 14:26

I would take 10p today and never look back. I am 6 years in now nearly and not getting any younger

[the bull] 23/1/2020 14:12

What's mid cap around £250M, I think we should get there with what we have within 2 years and Tjate would only bring in a cash injection and small ongoing royalty. Now lots of little hernic setups around the world could get us to the next level but we will have been bought out way before that I suspect

[plat hunter] 23/1/2020 13:19

5.75 by 20th February

lets see what happens

[mikebolle1] 23/1/2020 13:03

Any news that will put Tjate on our balance sheet, some how or the other, will have a booming effect to the share price

[mutley walters] 23/1/2020 12:27

That's a rotten trick positive news on Tjate would have a good effect on share price remember the share price Spike on the licence news. Why do that?

[deme1] 23/1/2020 12:23

There is no Tjate news THANKFULLY!

Tjate news will no doubt involve use of Colin pulling out JLP's WMD!

That Colin Cannon

[lostabillion] 23/1/2020 12:17

Palladium climbing nicely again.

[mutley walters] 23/1/2020 12:15

bullster what news????

[bullster] 23/1/2020 11:43

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Tsjate news...... yes.

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[scrappycat] 23/1/2020 11:35

'Large oaks, from tiny acorns grow.' The roots of JLP seem to be developing nicely, but it remains to be seen whether, or not, the growth will be somewhat stunted. Then again, there is always Tjate.....

[bullster] 23/1/2020 11:25

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Plenty buying at 4.6p.

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[bullster] 23/1/2020 11:15

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Goingforarun,

Only a few years to wait.

I'll be away before then.

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