Jubilee Metals Share Discussion Threads

[frogkid] 23/8/2021 11:20

Hi deme, no i am going to switch off for a bit. It is uncomfortable though. Almost like it is being played. T/O maybe ?

[sb] 23/8/2021 11:16

Different times different tactics...

[sb] 23/8/2021 11:16

Different times different tactics...

[bullster] 23/8/2021 11:10

.
.

Ginko3,

Ginko3 23 Aug '21 - 10:42 - 42495 of 42496

because its commercially sensitive an may adversely affect other ongoing negotiations if he spills the beans about how much he agreed to pay last time.

Oh look........

Jubilee Platinum PLC (LON:JLP) has acquired another sizeable mound of platinum-bearing tailings in South Africa.

Just days after agreeing deals for copper tailings in Australia and a chromite ore supply deal at Dilokong, its other operation in South Africa, Jubilee has bought 1.25mln tonnes of tailings close to its Hernic mine operation.

Leon Coetzer, chief executive, said: "I am particularly pleased with this acquisition.

“At stable operations the combined projected output from our projects is now targeting 50,000 oz PGMs per year from tailings resources, which do not attract the burden and risk of hard rock mining.”

The new surface material is graded of 2.7 g/t 4E PGMs (platinum, palladium, rhodium and gold) and will 14 000 oz PGMs annually to Jubilee's existing PGM production from tailings and third party processing.

Coetzer added these grades were exceptional compared with other similar material while the location was within trucking distance of its Hernic project's PGM processing plant. Even so Jubilee is mulling building a dedicated PGM plant at the new dump.

The acquisition cost is £3.13 (R50) per tonne for the platinum remaining an initial removal of chromite.

Approximately 79% of the surface material is estimated to remain following chromite removal, which equates to a 4E PGM acquisition value of £3mln (R49.4 mln).

The agreement allows for a two-stage payment to vendor PlatCro over three months once the agreement is signed off.

Financing for the acquisition is through a placing at 5p to raise £3.3mln.

.
.

[sb] 23/8/2021 11:09

Sorry! Meant to be nm..a duplicate post.. Nothing to do with MMs!

[sb] 23/8/2021 11:06

mm... dodgy connection..

[sb] 23/8/2021 11:06

Bullster... You are calling into question Leon's business acumen? If you believe he is a fool then why continue to hold?

[deme1] 23/8/2021 10:47

Bullster

Maybe most would not want to know, with the deal being negotiated with Rhodium above $20k and pal and plat doing well.

Fast forward to now and some experts (remains to be seen) are predicting a rhodium price of $5k!.


FROG
are you selling any of yours yet?

[ginko3] 23/8/2021 10:42

because its commercially sensitive an may adversely affect other ongoing negotiations if he spills the beans about how much he agreed to pay last time.

[bullster] 23/8/2021 10:20

.
.

Leon buys 255,000 tonne tailings dump outright on the Western limb.

Fails to tell shareholders how much was paid.

.
.

[alpal2] 23/8/2021 10:05

See my post 41689; am I smiling or crying?

[deme1] 23/8/2021 09:57

this could quite possibly hit 10p with the sentiment at the moe.

Look at SLP! they have millions in their bank and they are plummeting.

I have around £17k cash sitting yet I think this has further to fall and I would rather buy on a rising channel than catch a knife. The rest of my JLP investment is sitting in the bottom draw for now

[adejuk] 23/8/2021 09:50

juju
no. it's already happened

[adejuk] 23/8/2021 09:48

bullster
what is the current basket price?

[the bull] 23/8/2021 09:47

Just glad we have copper coming on stream

[juju44] 23/8/2021 09:46

Is this heading for a major breakdown again

[1madmarky] 23/8/2021 09:44

We make a small amount of money on the chrome, a shed load on the PGMs. I don't have an issue with that. Guaranteed PGM supply from multiple mine sources. Can't get better than that for a long term business.

[gsg] 23/8/2021 09:41

Bullster, as I'm not part of the Jubilee management team, I have no idea on how they micro manage chrome production, nor do I have any interest. I would just be guessing and so I leave that to the experts in their field.

I don't care if they mix their chrome concentrate in a bath tub and siphon it off into jerry cans.

My aim here is to make money, rather than prove my self right in any particular field.

[bullster] 23/8/2021 09:24

.
.

GSG,

Tell me the current selling price of chrome concentrate.

Then tell us why we earned only £1.762m for producing 431,390 tonnes of chrome concentrate, $5.5 per tonne. A lot less at the bottom after tax etc.

Show us your figures and workings out.

.
.

[gsg] 23/8/2021 09:10

Happy to hear and discuss all views Bullster. The good thing about this thread is that it is not a ramping club.

[bullster] 23/8/2021 08:52

.
.

I did a post days ago, pointing out how chrome tailings are becoming more and more difficult and more expensive to acquire, highlighting transport costs.
I was prepared to leave it there, so as not to labour on exposing the negatives.

sb drags up a question days later and GSG chirps in too.

I will respond. People on here do not grasp the chrome processing element of our business.

.
.

[bullster] 23/8/2021 08:19

.
.

"The PGM Supply Agreements are all based on the LG6 chrome reef known for its high Rhodium content accounting for approximately 12 % of a produced PGM ounce compared with as low as 7 % of other chrome reefs".

"The PGM Supply Agreement offers a minority earnings participation to the Chrome Mine partner allowing them exposure to the PGM values which also enhances their earnings potential".



.
.

[frogkid] 23/8/2021 07:48

I have said for some time not to rely on Rh price