Jubilee Metals Share Discussion Threads

[adejuk] 12/8/2021 15:03

frog. i think slp is a good buy at these levels - just as is jlp

[adejuk] 12/8/2021 15:01

:-)
rsi is way oversold.

[frogkid] 12/8/2021 14:53

My tip for losing your shirt is following anybody Lostdas tips

[adejuk] 12/8/2021 14:04

my tip for growth and great divi is aviva.
great results and future prospects - it's not aim though
for orphans and widows

[adejuk] 12/8/2021 13:56

oh dear.
i took his tip on slp but at 98p

[deme1] 12/8/2021 13:27

ade yes originally at £2.40
claimed £25 was on its way
and has kept buying in all the way down

[adejuk] 12/8/2021 13:18

deme
did losta tip avct?

[deme1] 12/8/2021 13:09

imagine buying that dog at £2.40 with the belief that it had a chance of £25 a share!

then again if you sail around the world in an imaginary boat then anything is possible :)

[gsg] 12/8/2021 13:03

Struth, it could be worse. We could be holding avct.

[frogkid] 12/8/2021 09:59

thinking about it, fairly obvious there will be a ZAm announcement soon after the elections

[5teadyeddie] 12/8/2021 09:43

Just my memory but previous references to spare Zambian refining capacity suggested that toll processing deals could be done without the need for capital outlay. This may not be relevant anymore, except as a negotiating tool to drive down the purchase price of an idle smelter, or it may still be Plan A.

LC did restate last week in one of the interviews that Zambian earnings would overtake PGM earnings. Much to come.

[gsg] 12/8/2021 09:27

The day is still young, but looks like my hope/theory re a pre election rns bites the dust.

On the positive note L2 currently looking a bit stronger.

[scrappycat] 12/8/2021 09:27

Which ever party wins the Zambian election, it would seem to be in their interest to provide positive news quickly. Enhanced governmental income and job opportunities result. I imagine the deal is already done in principle, but the destination of the brown envelopes will need to be sorted I suspect.
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[ginko3] 12/8/2021 08:22

I'm sure they will have considered that risk but sometimes there are elements of negotiations that are just outside of your direct control.

[gsg] 11/8/2021 20:40

Would have thought that Jubilee would want to tie up and announce any big Zambian asset purchase before the general election. Which takes place.....errr, tomorrow.

Would negate the possibility of having to deal with a new mining minister and new government policy on asset purchases.

[1madmarky] 11/8/2021 15:00

Can't complain at 1,831 per tonne

[bullster] 11/8/2021 13:45

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H1/2021 Total combined earnings £40,100,00

H1/2021 PGM earnings £36,459,000
H1/2021 Chrome earnings £1,762,000
H1/2021 Copper/Cobalt earnings £1,879,000

H1/2021 1,026 tonnes of copper produced with earnings of £1,831 per tonne (incl. cobalt, qty unknown)

This is early days, the process is still in the optimisation stage, concentrate from Roan is yet only partially upgraded untill Q1/2022. WHI also expect a 25% increase in earnings from the scaling up of production volume through Sable.

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[gsg] 11/8/2021 12:56

Some reasonable buying going through. Not a flicker as yet on L2. 4 v 1

[bullster] 11/8/2021 11:45

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timhigginson,

Your example for Red Rock jv gives a cobalt to copper yeild of 9.3%.
Metorex who previously ran Sable, achieved a yeild of 0.5% in 2011, at Sable.
Metorex are now a subsiduary of Jinchuan Grp. and are achieving 8.5% at Ruashi mine in the Congo.
Taken from the WHI broker note, below, they recon on a yeild of 1% at Sable.

In the long run, yeild depends on the content of cobalt in your feed, slightly enhanced by the efficiency of your processing methods. Considering that our last two 6 month update figures have included copper and cobalt earnings together, reinforcing a poor cobalt yeild, i am inclined to agree with WHI, but hoping for more.

WHI broker note.
Any excess cobalt can be bled from the system and precipitated with sodium carbonate to form cobalt carbonates for sale. The production of cobalt is entirely dependent upon the cobalt in the raw material. Figure 12 shows the cobalt precipitation achieved by Glencore – the previous operators of the Sable Refinery who took ore from the DRC which was rich in cobalt. We do not have clarity on what level of cobalt is present in the ore at Roan or Elephant and so choose at this stage to set our cobalt production to 1% of the copper production.

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[cappajumping] 11/8/2021 11:37

Good chat about Zambia and refining etc. I think Colin/Leon should issue RNS when the first 250t/500t/1kt CU refined in a cal month is achieved. The CU refining updates will send the share price stratospheric $9500t 12k t = lots of revenue/EBIT, probably $80m worth of EBIT. Re-reading RNS by the end of Oct 21 we should be about the 800t per month level = c$7.5m revenue. @Timhigginson, I am not sure we can model Cobalt easily yet but at $50k tonne it is strong revenue even for small volume.
Such exciting times ahead and the market has not woken up to the significant earnings increase ....but it needs frequent operational RNS updates IMO.

[gsg] 11/8/2021 11:05

Indeed Mike

[scrappycat] 11/8/2021 10:30

Possibly still trying to sort out, and satisfy, the brown envelope demands?

[mikebolle] 11/8/2021 10:21

GSG, Colin also said something like... "the term-sheets ??? are already on the table" .. which indicates to me the advanced stage of the dealings/negotiations.

[timhigginson] 11/8/2021 10:02

I note from the Red Rock JV announcement that the relationship between copper and cobalt in the tailings is 375k copper to 35k cobalt. What relationship is anyone using to model the cobalt in JLPs 10k tons of copper for calendar year 2022 ?

The Red Rock JV is in the DRC.