Jubilee Metals Share Discussion Threads

[mhard1000] 17/12/2020 09:33

A large 20m buy and sell just gone through - institutions?

[sb] 17/12/2020 09:11

This from a report on December 1st : "The most-traded January copper contract on the Shanghai Futures Exchange rose as much as 1.9% to 57,980 yuan ($8,809.68) a tonne, highest since September 2012."

[freedom97] 17/12/2020 07:43

Copper price still rising, very nice.

[frogkid] 17/12/2020 07:39

Morning Robers. Interesting. Thanks for posting.Frog

[robers98] 16/12/2020 21:30

Ivanhoe moots low capex Platreef mine, but studies show new PGM supply is hard to deliver

TWO feasibility studies into a new, greenfields platinum group metals (PGMs) mine in South Africa highlighted the lead times and cost of adding new production to the market and provided insight into supply side risks, a bank has said.

“We think this provides another example of extended time lines associated with bringing new PGM supply to market,” said RMB Morgan Stanley in a report published on December 1. Mining inflation and a requirement to sign a processing agreement with a third party, such as Impala Platinum (Implats) or Anglo American Platinum (Amplats), converting concentrate to refined metal were additional factors influencing new PGM production.

[marmar80] 16/12/2020 15:39

I think Jubilee already is thinking about taking over some small cap in their area. Best way to expand cheap.

[gsg] 16/12/2020 15:35

Even more copper opportunities for Jubilee in Zambia. Jubilee will have plenty of feedstock for their mothballed refinery





"He has further appealed to government to immediately find another investor to take over Chambishi Metals."

"Chewe wonders why no investor has taken up Chambishi metals, months after the Mine was placed on care and maintenance due to insufficient feedstock."

[marmar80] 16/12/2020 15:27

Recall. Ottod said that South Africa is not trading today so the 5% up is from yesterday

[ottod] 16/12/2020 15:21

South Africa is closed today.

[ottod] 16/12/2020 15:20

South Africa is on holiday today.

[gsg] 16/12/2020 15:09

In a statement responding to "rumours" that a Zambia government-appointed provisional liquidator is set to split KCM into two units and sell them, Vedanta said it would take "all necessary steps" to safeguard its interests in KCM.

[marmar80] 16/12/2020 14:42

Not sure if anyone noticed, but Jubilee in South Africa is today 5% up.

[9tintin] 16/12/2020 12:34

glitter

The composition of the PGM basket changes with different feed grades at each of Jubilee's operating plants - very difficult to get any accurate figures - Leon has (to my knowledge) never given precise numbers in the past. WH Ireland's numbers are all we have to go on.

Current basket price based on WHI would be $2218 (as of today) whereas the BBI would be $2693.

Early Tjate assay -

Hope that helps

tintin

[marmar80] 16/12/2020 11:55

Daily consolidation in progress

[glitter2] 16/12/2020 10:57

From Tintin's post 31476 regarding PGM basket make up
"Don't put too much store in the BBI - it is only a general guide to the trend of PGM's and has little actual reference to JLP's prill split which can be seen in WH Ireland's broker note - viz current values.

Pt - 60% - $1051........$630
Pl - 17% - $2213........$376
Rh - 8% - $13800.......$1104
Ru - 10% - $280.........$28
Ir - 4% - $1670........$66
Total...................$2204"
which to me was so different from Bulster's figures quoted in the header, particularly the downgrading of the importance of Pl compared with Pt that I expected more follow up on this BB, particularly as it so affects the basket price.
Tintin returns to the subject in post 31498 saying that the speculation would be resolved when the results appear.
ok we all hope that PGM might be small fry compared to the importance of Cu in the not too distant future but at the moment the share price is/was supported by Pl and Rh with the recovery of Pt a nice bonus.
So before i spend time repeating research of others, can anyone answer the following
Q1 assuming tintin meant results to June 20 what was the current basket make up?
Q2 was there any indication of current make up in Q1 figs to Sept or Leon's chats?
Q3 what is the make up of PGMs and Cu in Tjate, near surface and deep down?
Q4 I think the main use of Pl and Rh is in fossil fuel vehicle exhausts, where Rh is very performance enhancing and Pl has replaced Pt because at one time it was the cheaper option. Pt is a key component of fuel cells. Am i right in thinking that anti-pollution legislation worldwide is increasing the demand for catalytic converters much more rapidly that the sales of vehicles? so demand healthy?
I am pretty sure some on here can put me straight on these before I expend more effort.

[memexx] 16/12/2020 10:54

Tonyevo256

Fair to strong chance season PM metals bull run has started. TA suggests Cycle Low for Gold/Silver was 30 Nov and we should now have 3 months of uptrend ahead (Of course nobody really knows but this is what the TA 'experts' are proposing).

Also J Powell MAY throw a spanner in the works later today.

[tonyevo256] 16/12/2020 10:42

We will propably see sideward movement until January when we should see a big up-tick in share price as the Rohan concentrator comes on line. Also in January traditionally there is a metals bull run that's perks up the whole sector...

[bullster] 16/12/2020 10:25

PLATINUM
49%
@
$1,042.00
$510.58


PALLADIUM
40%
@
$2,236.00
$894.40


RHODIUM
9%
@
$14,000.00
$1,260.00


GOLD
2%
@
$1,863.00
$37.26





B.B.I. =
$2,702.24



COPPER
$3.5327 per lb
$7,788 per tonne

[frogkid] 16/12/2020 09:59

Quite so Platty old chum, fortuitously I sold a ton of dollars a few months back abd purchased JLP with the proceeds. At some point I will convert back and purchase my beach house in Key Biscayne.

[nelson01] 16/12/2020 08:48

Unfortunately $

[9tintin] 16/12/2020 08:46

Is that ££££'s or $$$$$$'s - LOL

tintin

[nelson01] 16/12/2020 08:27

In 18 months Time jlp should be making 65 million from pgm 80 million from copper, 10 million from chrome. That's 155 million per year profit, I put a market cap on that of around 1.5 billion or around 6 times today's share price.