Jubilee Metals Share Discussion Threads

[billyusa] 20/11/2020 10:04

Leon stated on record that Jubilee Metals will become top 10 copper producer in the world, now that would be about 500 000 tons of copper per year for number 10 spot in the world. This constant talk of reaching 25k tons per year is just a smoke screen IMO before more deals gets signed. They still have about 750 million tons of tails eyed in Zambia.

[ginko3] 20/11/2020 09:58

With an increasing number of shares now owned by institutions who take a longer-term approach to their investments, we should hopefully see less and less volatility in the share price which is great for us longer-term holders but that makes trying to trade the dips VERY risky (as I think Plat has recently discovered). IMO this is no longer a stock for gamblers, get in and STAY in for the ride as there's now a big risk that you will lose cash short-term trading JLM.

[bullster] 20/11/2020 09:36

.
.

BBI in relation to full year results to end of June 2020.

PGM PRODUCED: 40,743 oz
REVENUE: $43,594,000
EARNINGS: $27,079,000
MARGIN: 62%
EARNINGS PER OZ: $664.63
PROD. COST: $16,515,000
PROD. COST PER OZ: $405.35
BBI AVERAGE PER OZ: $1,744

TO GAUGE BBI IN RELATION TO ACTUAL EARNINGS, IN THE FULL YEAR RESULTS.

DEDUCT $1,079.37 FROM BBI ($1,744 BBI MINUS ACTUAL EARNINGS $664.63)

LAST BBI: $2,571 - $1,079 = $1,492 EARNINGS PER OZ.

.
.

[1madmarky] 20/11/2020 09:32

They don't normally do quarterlies either

[bobbieblock] 20/11/2020 09:29

Had a quick review of the annual report.
In the footnotes is £3mil revenue for copped cathode. That’s 5-6000 tonnes first half 2020 prices. They’ve proved the concept and produce proper copper, not concentrate.
I would love to see current cobalt and copper production rates. They don’t publish them yet in the quarterlies.

[gsg] 20/11/2020 08:24

Wins just joined the bid to go 2 v 1.

[1madmarky] 20/11/2020 07:44

And copper continues to rise... talk about being in the right place at the right time :-)

[freedom97] 20/11/2020 07:31

Bullster has updated the B.B.I. now a record high of $2,570.88!! That's more than double since January 2019.

At 31/10/2020 it was $2,268

[marmar80] 19/11/2020 22:05

Great post EJFS1. Jubilee will be worth as much as EUA in a few months. Not many investors heard about JLP, so the share price is still undervalued."Key takeaways from the call:PGM cost target now 60k oz pa but post Inyoni expansion we should be looking at 75k * £1000/oz = £75m pa.Importantly this PGM output will be 80% generated through new post-chrome tailings following the expansion in chrome processing (Windsor 8 plus one other). This means Inyoni tailings life now extended to at least ten years. Moreover, the chrome is now 85% contracted at $15-18 per ton so at the 250k tonnes per quarter target post expansion equates to over £10m pa.The stated copper cost target of $4000 means that the margin per ton of copper should be well above £2000 at current prices (and the prospects are bullish for further gains going forward) so at 25k tons target output, we're on £50m pa from copper.Therefore ex anything else - cobalt, zinc, lead, vanadium e.t.c. - the company should be on track to generate £135m pa EBIT from 2022 (75+10+50). This will put the stock on 1.5x PE 2022. More importantly, once the company is proving the box economics of these projects at extremely high returns on capital (>50%) the opportunity to find opportunities to grow are immense. On ROIC - g/WACC - g (50% - 10%/15% - 10%) the stock should trade on 8x Invested Capital. IC is approx £100m so Enterprise Value (i.e. Market cap as it's pretty much debt neutral) is £800m. Tjate is just a crumb."

[plat hunter] 19/11/2020 21:56

Ade, just googled that, sounds pretty neat stuff

[bullster] 19/11/2020 21:15

PLATINUM
49%
@
$946.00
$463.54


PALLADIUM
40%
@
$2,205.00
$882.00


RHODIUM
9%
@
$13,200.00
$1,188.00


GOLD
2%
@
$1,867.00
$37.34





B.B.I. =
$2,570.88

[freedom97] 19/11/2020 18:46

I see Rhodium up again $200 now $13,000 B.B.I continuing to rise, and cash flowing into company continues to rise. Just need the share price to continue to rise. :-)

[plat hunter] 19/11/2020 18:06

*You'reAs in 'you are' a thick tnuc

[texaschaser] 19/11/2020 18:01

good run but bags gone for 6 months until circuits working. krypton has egg on face. lolsss

[deme1] 19/11/2020 17:07

What happened to Choo Choo over at SLP?
Your such a jinx

[robers98] 19/11/2020 17:03

South Africa’s non-integrated chrome ore exporters want to discuss ways of solving the existential threat to South Africa’s struggling ferrochrome industry to avoid the need for a tax being imposed on the export of locally mined chrome ore.

But steadfastly in favour of a chrome ore export tax are South Africa’s ferrochrome industry spokespersons, who fully support the October 22 announcement of the Minister in the Presidency, Jackson Mthembu, that the Cabinet has proposed that a tax be imposed on the export of chrome ore from South Africa.

======
Already five of South Africa’s ferrochrome smelters have either been shut down, liquidated or placed in business rescue. These smelters supported more than 31 000 jobs along with a yearly contribution of R11-billion to South Africa’s GDP.

Direct employment lost in the past five years totals 1 139 jobs. Another 1 608 jobs are currently at risk under Section 189 of the Labour Relations Act, and remaining at risk are another 5 243 jobs.

[plat hunter] 19/11/2020 16:59

Lol deme.. you go....let me know when you have more than one stock, won't you?

[robers98] 19/11/2020 16:58

President Cyril Ramaphosa used the platform of the third South Africa Investment Conference to underline the country’s potential to act a gateway to the African market, as he sought to reignite investor interest in an economy that has been underperforming for more than a decade and has been severely damaged since the onset of the Covid-19 pandemic.

In 2018, Ramaphosa set a five-year target of securing R1.2-trillion in new investment and in 2018 and 2019 combined investment pledges worth R664-billion across 102 projects had been made by domestic and foreign investors. To date, R172-billion of the committed amount had actually been invested.
The investment outlook had been severely hurt by the pandemic and Ramaphosa reported that 21 projects, representing about 10% of the total commitments, had been delayed or placed on hold as a result.

In an address designed to highlight the efforts under way, including the implementation of reforms in the areas of energy and the digital economy, to improve the investment climate, Ramaphosa argued that the African continent stood “on the cusp of a new era in its economic development”.

“In January next year, the African Continental Free Trade Area will take effect, establishing a continental market of some 1.3-billion people with a combined gross domestic product (GDP) in the region of $2.3-trillion dollars,” he said, describing it as one of the largest free trade areas globally.

“With its advanced infrastructure, diverse economy, sophisticated capital markets and developed manufacturing capacity, South Africa is the ideal location for any company wanting to reach the continental market with greater effectiveness from a cost and logistical point of view,” the President said.

The recently launched Economic Reconstruction and Recovery Plan also included the further integration of the Africa market as a key priority, alongside the other priorities of implementing a large-scale infrastructure roll-out, bolstering energy security and undertaking initiatives to stimulate job creation and localisation.

“The private sector is vital to the achievement of these priorities and shifting the economic trajectory of our country. This is particularly true of our infrastructure programme, which relies on private investment in new infrastructure projects to create efficient, world-class network infrastructure and boost aggregate demand.”

Ramaphosa added that the newly activated Infrastructure Fund would direct public funds in a way that could leverage private investment at a larger scale. Government has committed R100-billion for the fund for the coming ten years.

The President also used the occasion to showcase the Operation Vulindlela initiative set up jointly by the Presidency and the National Treasury to oversee the reforms required to improve the business and investment climate.

“Operation Vulindlela will ‘open the way’ for high-impact economic reforms in network industries such as energy, water, telecommunications and transport, as well as in attracting critical skills and streamlining the visa regime,” Ramaphosa said, adding that the team reported implementation progress directly to him.

[robers98] 19/11/2020 16:54

Zambia produced 646 111 t of copper between January and September 2020, up from 590 321 t in the same period last year, Mines Minister Richard Musukwa said on Thursday, attributing the 9.45% rise to increased mine output.

Africa's no.2 copper producer, Zambia defaulted last Friday after failing to pay the $42.5-million coupon on its Eurobond debt

[deme1] 19/11/2020 16:37

Plat

another example of how to trade wait for 8.3p not sell out at 5p on a double bottom

Bet you bought back in at 8.9p
and will no doubt sell back out when we hit the bottom at around 8p

player

[moneyman50] 19/11/2020 16:29

Thought about selling a few shares in the hope a buying back slightly cheaper.
Might work but could backfire spectacularly if some game enhancing RNs appeared -eg new tailings deal in Aus or in relation to Platinium mine.Could make a few pounds but could cost a fortune.If one lesson Plathunter has taught us -don’t sell too early

[lostabillion] 19/11/2020 16:24

TB, top of the class for me when that top slice arrives back here ;—)

[gsg] 19/11/2020 16:23

Bullster,

I reckon you ,robers and me will be redundant soon. The figures will speak for themsevles and reflect in the share price. An excellent post yesterday from EJFS1 shows we are nearly there.


"Key takeaways from the call:
PGM cost target now <$400 post efficiency gains and Inyoni scale. At current PGM basket price £1300 (net post recovery losses) this translates to £1000 per ounce. The current PGM run-rate is >60k oz pa but post Inyoni expansion we should be looking at 75k * £1000/oz = £75m pa.
Importantly this PGM output will be 80% generated through new post-chrome tailings following the expansion in chrome processing (Windsor 8 plus one other). This means Inyoni tailings life now extended to at least ten years. Moreover, the chrome is now 85% contracted at $15-18 per ton so at the 250k tonnes per quarter target post expansion equates to over £10m pa.
The stated copper cost target of $4000 means that the margin per ton of copper should be well above £2000 at current prices (and the prospects are bullish for further gains going forward) so at 25k tons target output, we're on £50m pa from copper.
Therefore ex anything else - cobalt, zinc, lead, vanadium e.t.c. - the company should be on track to generate £135m pa EBIT from 2022 (75+10+50). This will put the stock on 1.5x PE 2022. More importantly, once the company is proving the box economics of these projects at extremely high returns on capital (>50%) the opportunity to find opportunities to grow are immense. On ROIC - g/WACC - g (50% - 10%/15% - 10%) the stock should trade on 8x Invested Capital. IC is approx £100m so Enterprise Value (i.e. Market cap as it's pretty much debt neutral) is £800m. Tjate is just a crumb."

[marmar80] 19/11/2020 16:08

:) haha good one