Jubilee Metals Share Discussion Threads

[lights out] 24/11/2022 07:48

And a forward PE of 3. You make no sense.

[deme1] 24/11/2022 07:47

Lostabillion

All in AVCT yet still post on JLP.

you should not have sold out at 10p to buy avct at over £1.50

[lostabillion] 24/11/2022 07:43

Note to self. Unsubscribe from JLP RNS alerts!

54m shares in circulation when I first invested, now approaching 3 BILLION.

Good luck all.

All in Avacta for me but I don’t use advfn bb anymore, bit of a cesspit.

[lights out] 24/11/2022 07:37

Earnings would be close to half a billion dollars! It's not unrealistic.

[deme1] 24/11/2022 07:33

Lights-out 80p - £1.00, you for realise how many shares are on the register!

With all these warrants coming through, "a rise the likes of which has never been seen" is doubtful.

Maybe an offer of 15p is about right

[lights out] 24/11/2022 07:33

When the Northern Zambia strategy is secured forget 20p. With current earnings now at 100mil the company should be valued at 30p at 8.5 P.E
We would be looking at 80p to 100p imho.

[deme1] 24/11/2022 07:26

Just need a major to jump in now and make an offer, anywhere in the region of 15 - 20p and I will will be smiling all the way to the bank

[lights out] 24/11/2022 07:23

I mean use to know that feeling!

[lights out] 24/11/2022 07:20

Haha, I know that feeling.

[frogkid] 24/11/2022 07:16

There always seems to be something holding us back. I long for that smug feeling I had when we went from 3p to 20p. I used to spend all day smiling and being nice to people.

[lights out] 24/11/2022 06:32

Any more positive news we should be at 19p by year end.

[lights out] 24/11/2022 06:27

Can you imagine when they making multiples of this? Scary thought how high the share price can actually go... not to mention 40 000 tons of copper.. All within 2 years!! If JLP can pull this off we in for an almighty rally never seen before!!

[frogkid] 24/11/2022 06:05

Bullster sold up I recall

[frogkid] 24/11/2022 05:39

Blimey,more confusion! Chozza et al, thanks for your work on this. A broker's note would tidy this up but it would appear that the numbers could be quite staggering.

[chozza] 23/11/2022 23:42

Chaps,
Emailed JLP, asking for clarification. They say 50T of contained =200T of end product.
Need to know the differnence, are we selling 50T at $50,000 or 220T at $50,000.

Quite important in my HO.

GLA,
Cheers
Chozza

Will update as soon as I get a response

[tonyevo256] 23/11/2022 23:20

If out final product has a higher or lower percentage of Cobalt then that will obviously affect our sale price. Currently our final product contains around 20% cobalt so we earn 20% of the cobalt price. Our capacity to produce final product is a known figure but the cobalt content is a variable dependant on the feed stock...

[billyboy2fromiii] 23/11/2022 23:05

If our final product contains 20% cobalt then the figures quoted are about right. The contained number is about 20% of the final product number. Do we not earn about 80% of full price of cobalt ? So about 80% of the cobalt price for the contained cobalt with 45% profit margin.

[tonyevo256] 23/11/2022 22:57

According to RNS we will produce a final product equivalent to 1200t of cobalt. So 1200 x $52k = $62.4 million. 45% margin gives you $28million to the bottom line pre tax...

[kennyp52] 23/11/2022 22:42

Chozza .. thanks for your efforts. I wonder if Bullster is still around .. he usually had a good angle on the numbers. Hopefully a reply from the company will clarify . Huge difference on Tonyevo’s guidance

[chozza] 23/11/2022 22:14

Millwallfan,
As you already have a heavy cross to bear, (sorry, couldn't resist). I'll email JLP and ask what the difference is between contained and regular cobalt, and what they will be selling and at what price. It makes a huge difference to revenue/profit and should have been explained in the RNS.
GLA,
Cheers,
Chozza

[millwallfan] 23/11/2022 21:17

Should we ask JLP for a clarification of the difference and impact on selling price (if any)

[adejuk] 23/11/2022 21:14

In the Congolese-Zambian Copperbelt, several
100 million tonnes of tailings and slags have been
produced through decades of mining activities. This
is symbolised by the "Big Hill" slag heap, a prominent
landmark of the city of Lubumbashi. Heavy metal
contamination of rivers and soils, which is frequently
observed in the region, indicates that the storage and
disposal of historical tailings often took place without
adequate protective cover or sealing. As a result of
the high residual cobalt content of tailings, secondary
processing has become economically attractive;
it is currently being planned or already ongoing in
several industrial projects. Furthermore, artisanal
miners perform manual reprocessing of tailings. The
residual cobalt content of the tailings is in the range
of 0.2 to > 2 %, although not all of this is economically
recoverable
this refers to copper/cobalt tailings
is this relevant?

[pshevlin] 23/11/2022 21:11

I looked up contained cobalt and found nothing.

[chozza] 23/11/2022 21:00

Hi Frog,
My post #49264, details Y/E 2022 results plus what I understand from most recent RNS.

Tonyevo in recent post might have blown it up as he may well have a better handle on Cobalt prices than I, which despite best efforts on Goggle, cannot establish what "contained cobalt" is. RNS referred to contained cobalt, 50 T =220 T final product and annual target of 1200 (contained) = 5280 T final product. I have made the assumption that final product is the cobalt sold on the market for around $50,000. Makes a big difference.

If anyone knows (tony?) what contained cobalt is as compared to "regular" cobalt as a saleable end product please enlighten us.

Thanks in anticipation.
GLS,
Cheers,
Chozza

[lights out] 23/11/2022 20:53

I like your optimism