Jubilee Metals Share Discussion Threads

[gsg] 26/8/2020 08:02

Presumably the double top suggested last week has not been confirmed, so is now history?

[1madmarky] 26/8/2020 08:01

That'll be nice

[billyusa] 26/8/2020 07:53

Looks like Jubilee will soon be pulled in for a deal/partnership with Mopani Copper Mines....

[lostabillion] 26/8/2020 07:17

Not sure Deme1’s back in, he sold at 5.27 & had set a goal to buy back at 5p.

Just not worth trading JLP, it’s going through a phenomenal growth phase that should last years.

Buy, hold and watch it multi bag over the coming weeks, months & years.

[plat hunter] 25/8/2020 20:48

SLP marky get on that too.70k ounces and still only at 3 times earnings.

[1madmarky] 25/8/2020 18:35

So are all the trading pots back in now?

[gsg] 25/8/2020 18:13

Hi Bullster,

I agree it is confusing and difficult to assess the progression. The only way I can compute the change in the numbers, despite the real progression the latest announcement shows, is to assume that the future ROM is a new development.

I think Leon has played a blinder in developing Inyoni into a massive earner with longevity, despite our confusion. It is difficult to work out how JLP will develop, however it will have been a pleasure working with you attempting to do so.

I'm still trying to reconcile my confusion regarding the current stats, however I'm sitting on 5m and happy to hold until all the news flow is forthcoming. I still reckon 22p is easily achievable soonish.

[bullster] 25/8/2020 17:49

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GSG,

Further to that, didn't Leon say that rather than Hernic dump the tailings from the run of mine ore, only for Jubilee to bring them from the dump, Hernic would dump them directly to Jubilee.

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[gsg] 25/8/2020 16:51

Bullster.

I don't think the previous Inyoni deal included future ROM.

[bullster] 25/8/2020 16:42

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This is probably another one of Leons swerves.

Where we was supposed to get 100% of the pgm's at DCM, then when time had passed, it became 60 odd percent.

There's somthing been altered to the previous deal, if you ask me, and Leon will drop it on us when time has passed.

We took over the crushing at DCM, if you recall, for a 50% fee, then look what happened.

He's not telling us somthing,,, again.

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[gsg] 25/8/2020 16:11

Yes, but not all of that ore was coming through to Inyoni in the first place. There is no way they could generate an extra 40,000-80,000 tonnes per month from efficiencies.

[bullster] 25/8/2020 16:05

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Key Terms of the Processing Agreement

Under the terms of the Processing Agreement, Jubilee has been appointed to operate and manage the chrome ore beneficiation plant situated adjacent to Jubilee's Inyoni Operations at a fixed toll fee. The Processing Agreement further guarantees the supply of a minimum of 40 000 tonnes per month of ROM feed with the potential for this to be increased to 80 000 tonnes per month for an initial period of three years, and extendable by a further five years. Under the Agreement Jubilee also retains the rights to all discard material from the chrome ore beneficiation plant including all contained PGMs.

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[fozdad] 25/8/2020 15:56

Gsg, exactly what I thought and also at odds with Leon’s comments in the interview. It’s extra material, unless Leon is lying through his back teeth.

[gsg] 25/8/2020 15:51

Bullster

I think the statement below is partially at odds with your summary. There are extra tails coming from somewhere, besides the increased efficiencies of Jubilees crushing abilities.

The PGM rich tails, which will be produced under the Processing Agreement and supplied to Inyoni, are in addition to the existing PGM tailings resources already owned by Jubilee and the PGM tails produced by its Windsor operations

[bullster] 25/8/2020 15:06

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Hernic is now Dikwena Chrome.
Inyoni was built adjacent to Hernic.
We bought all future chrome and pgm rights at Hernic. (in the tailings)
Hernic used to crush their own ore and give the tailings to us.
Dikwena Chrome thought why not let Jubilee crush our ore, they're better at it.

(did you not think it apparently strange, we were getting somthing for free)

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[bullster] 25/8/2020 14:23

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This is not a big deal, we are crushing someone else's ore, for a fee.


It cost us $16,000,000 to gain the current, AND FUTURE, chrome & pgm rights to these tailings.

We have now taken over responsibility of turning the ore into FEED for the smelting operation, as we retain the tailings that we paid $16m for.

The big positives are, we get more control and we get more volume.

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[goingforarun] 25/8/2020 13:51

Surely this deal plus the Copper deals which kick in from 4 months will provide 10 year + earnings which would allow a proper P/E ratio to be applied which would allow the long over rerate to kick in?

[gsg] 25/8/2020 13:34

L2 tightening up nicely 2 v 2.

[eblitz1] 25/8/2020 13:31

FOZDAD
That's the point I'm trying to make, you are probably correct and I may be wrong
We don't know!! Why does Leon always report an RNS which can be thought about in so may different ways. If he was to be specific with the situation then we would probably be a lot happier. I think having met Leon on various occasions he keeps saying "I'm an engineer and I don't understand marketing etc" What I am saying is, It's obvious in his head so as far as he is concerned it should be obvious in ours as well

[plat hunter] 25/8/2020 13:20

Cheers for the photo Bullster really helpful...

[fozdad] 25/8/2020 13:12

Eblitz unless I’m missing something, this isn’t like other projects, there is no shared ownership of the chrome, Jubes are simply running the chrome operation for the client, charging a fee based on throughput and keeping the PGM enriched tails for our own benefit.

Having said that, it wouldn’t surprise me if we did move towards ownership of the chrome at a later date.

[plat hunter] 25/8/2020 13:08

Looking good for 6p by Friday

[eblitz1] 25/8/2020 12:50

I know that Leon has had a few chats with the Daily Telegraph,as he told me at the last AGM assuming he is telling the truth. He is at least trying with the latest project give SA a longer revenue time line which should improve our P/E ratio when and if that comes into play. It seems to me that the owner of the site will get the Chrome for nothing and JLP will get the PGM's for nothing so they can process over the road.

Leon always makes reading a RNS difficult, there is no mention of split or anything else and I suppose the next thing that will happen is JLP will buy the unit that it is regenerating and updating. If and it's probably a big if in these global times Chrome get's a better price then we will be in a very strong position