Jubilee Metals Share Discussion Threads

[robers98] 29/12/2020 16:15

Good day to be holding jlp.

[daocana] 29/12/2020 16:06

i got 40=50p in my head for jan 2022..with plenty left in the tank..to double again over the next 2 years..if jlp get chance to fulfill its potential,without getting taken out..then we can keep growing for many years to come..with the share price in the £s

[highly geared] 29/12/2020 16:01

Spot on Johnbull. Add in the growth from H2 2021-22 ( Elephant) and it probably provides a range of 40 - 50p this time next year , depending on how bullish you are. Whichever way you look at it, JLP needs to double before it even becomes “ fair value”.

[johnbull1] 29/12/2020 15:40

Remember the quarterly 'operating earnings' are before central costs and tax. So Q1 £15m, Q2 £15-20, Q3 £15-20, Q4 £15-20 = £67.5 PGM + £12.5 copper (5k tons *>£2500 = 12.5) = £80 - £5 central and post 28% tax = £53m, which puts stock on ~5x PE 21. With huge copper earnings lift still to come, Sable zinc and lead, and explansion opportunities in PGM, stock can and probably will go to 10x. 25p target by Summer or I'll eat some platinum.

[tonyevo256] 29/12/2020 15:26

I've pencilled in 70 to 75 million f/y profit. That's 60 million from current opps, 15 million from copper. On a p/e of 12 with no more shares being issued gives us a share price of 42p. All imho but based on realistic figures, feel free to critique.

[highly geared] 29/12/2020 14:26

Agreed kennyp52. Once Q2 numbers are in and the market realises the explosive earnings growth powered by current Platinum and Chrome earnings, the price will re rate.

But, the rocket fuel will be provided by Roan ramping up and Elephant being developed to ultimately deliver 25ktonnes copper cathode , starting 2021.

Add all the above together and I expect us at 50p+ from mid 2022.

[tonyevo256] 29/12/2020 14:24

MSN money, JLP p/e 12.3

[kennyp52] 29/12/2020 14:18

HG ... all based on factual figures ... I have been saying for some time ; with Bullster also on the other thread , if you are a fundamentals backer then this share is massively undervalued and possibly needs the next financials to really start moving up to a realistic value . Leon has almost expressed exasperation when the share was hovering in the 5ps ... 30p very realistic and probable IMHO .

[frogkid] 29/12/2020 13:59

HG loving your numbers !

[highly geared] 29/12/2020 13:46

I’m pencilling in 3.5p earnings for the current year ending 30th June 2021. With continued ramp up of copper processing and big growth of earnings for the next 5 years , a share price of 35-40p is realistic by autumn next year..

[highly geared] 29/12/2020 13:42

JLP current year PE ( based on continuing First Quarter earnings)is c.4 ! The current share price is a gift..

[highly geared] 29/12/2020 13:40

....and then we have the “ blockbuster “ First quarter results


First Full Quarter Operational Performance Update Following COVID Related Lockdown

Record Production and Financial Performance

Jubilee Metals Group ("Jubilee" or the "Company"), the AIM and Altx traded metals processing company, is pleased to provide an operational update for the first three months of H2 2020 ("Q3 2020"), after returning to full operational status following the COVID-19 related operational interruptions experienced.

Q3 2020 has delivered both a record production and financial performance and follows Jubilee's implementation of the previously announced new third party ore supply agreements, as well as improved efficiencies across its chrome and PGM operations. Jubilee continues to make significant progress with the implementation of its copper strategy in Zambia and looks forward to including the copper performance in further operational updates. Jubilee expects to release its annual audited results for the year ending 30 June 2020 before the end of October 2020.

Highlights

-- Highest quarterly PGM production to date, with 15 044 PGM ounces produced during Q3 2020
-- PGM record production supported by 136 162 tonnes of chrome concentrate produced under tolling agreements from third party ore suppliers

-- PGM and chrome operations delivered record high quarterly operational earnings of GBP 15.17 million (ZAR 332.36 million) surpassing the previous operational record set during the full H1 2020 period.

[highly geared] 29/12/2020 13:36

From the annual results:

Jubilee, the AIM and Altx traded metals processing company is pleased to announce its audited results for the year ended 30 June 2020.

Financial Highlights

-- Total revenue for the year increased by a strong 132 %, to GBP 54.8 million (ZAR 1.1 billion) (1) [2019: GBP 23.6 million (ZAR 432.6 million)]

-- Adjusted Group EBITDA increased sharply by 132 % to GBP 22.6 million (ZAR 446.4 million) (adjusted EBITDA excludes depreciation, impairments and other non-cash charges and gains)

-- Earnings growth of 162 % to GBP 18.3 million (ZAR 361.1 million) [2019: GBP 7.00 million (ZAR 128.3 million)] and a return on equity of 21.2 %, [2019: 10.5 %]

-- Earnings per share up 96 %, to 0.94 pence (ZAR 18.47 cents) [2019: 0.48 pence (ZAR 8.75 cents)]

[sb] 29/12/2020 13:09

How do you get a PE of 12? ;)

[tonyevo256] 29/12/2020 13:05

Our p/e is still only 12 which for a high growth company is pretty low..the metals and mining average is 16.. so we are still good value based on that alone. Given our potential growth and zero debt a p/e of around 18 would still be reasonable...

[robers98] 29/12/2020 12:29

12p back on the menu, now head up towards 13p.

[nicbw01] 29/12/2020 12:12

Still think this share has a massive rerate ahead. Results and built up to results will help. Covid whilst not great will dissipate by April as the vaccine is rolled out. Being positive for a change.

[sb] 29/12/2020 12:06

L2 currently is 12.00:12.1 ....

[alpal2] 29/12/2020 11:52

A pity price couldn't hold 12p. Clearly lots of nervousness re consequences of covid.

[daocana] 29/12/2020 11:07

re deme1 i have loaded up on bitcoin.ready for the future of no fiat money and the downfall of the bankrupt banking system.the great reset..hopefully a few years away.at which time bitcoin will be in the hundreds of thousands of dollars per coin.but still have high hopes for jlp

[highly geared] 29/12/2020 11:03

Once the H1 results are in ( which should confirm a read through to £50-£60 million full year earnings) JLP will rerate to a PE 10 market cap of £500-600 million or double where we are now. Add in the copper production ramp up and increasing commodity prices and the sky is really the limit.

[frogkid] 29/12/2020 10:54

Not a bad strategy deme. I have some cash ready if things get rocky...

[deme1] 29/12/2020 10:52

I understand ops may not be effected yet.
But one sniff of further restrictions including mining jurisdictions then this will get hit hard.

Got my stops set from 11p
down to 9p Just in case the worst happens

GLA

[nicbw01] 29/12/2020 10:52

The vaccine will give normality back. Think you are over playing on the crash here. Uk stocks very undervalued ..

[nelson01] 29/12/2020 10:49

As I said before the markets will keep going up until this is all over with a 10/15 correction every now and then. Later on this year when we think it's all over the crash will come.