Jubilee Metals Share Price (JLP)

Galileo RNS. Not very exciting. Just reporting that BMR now hold approx 5% in lieu of Kabwe etc.

It certainly took a long time to get Jlp into a solid revenue generating company; many years of major frustration! I wish you all the best Kaiser_B. I am currently not in Jlp but am keeping a close eye..

I only fell out of love because I felt the company and Leon could have done better. I never fully sold out either, but I have added a few more than I had originally now, as I can see that the company has a plan that is actually going to work, although I still wish that we hadn't of sold the smelters, and were processing and smelting our own PGM's, but I digress.

Personally I do wish that CB would up and leave Jubilee, as I am not sure what he brings to the table previously, let along anymore, but there are those that love him, which is their perogative obviously, but I do feel that he will use Jubilee to line his own pockets with his other companies.

Wow, Kaiser_B.... there is a blast from the past. Ex superfan who fell out of Jlp big time. I take it all is forgiven now?

Hi TBTT,
I am the same with XTR - I ran the numbers a few weeks ago after the last decent RNS on their Explorator project and it is clear as day is day (unless Gold goes crazy) that they run out of money before it generates revenue in Feb 2020 (more likely to be Oct-Dec 2020). So it really does suit CB to have another project to wrap a fund raise around. That said once they are generating revenue and the fund raise is complete it becomes an interesting proposition partculary with Gold increasing and a little Copper project to progress - nothing earth shattering but with timing and the likely undershoot and overshoot that will occur with the SP it will be an interesting proposition.
GLR and Star Zinc is much more of a banker. I saw your posts on the GLR board and broadly agree. The fund raise you mentioned looks about right, I think the upfront costs will be pretty much zero due to contract mining but your take on when cash will be received looks spot on. From an NPV perspective I have not calculated it, with a LOM of only 6 years NPV's get a little sketchy - who is holding the baby at the end as the NPV decreases with every year of the 6 ! But I believe Ka****u will come along and extend that life considerably. I sit on a 4p target price but can easily see the market overshooting this and that excludes Glenover and Ferber.
How many projects will CB try to back onto Sable - well put it this way, the GLR board mentioned if JLP would buy GLR. In my mind the answer is no because it is not a strategic fit - JLP is neither an explorer or a minor. However, next year when generator cash, GLR might buy BZT who are desperate for cash and have the exact same deal as GLR on the Buffalo project in Zambia. Which I think answers your other question - how many projects will CB try to get on the back of Sable - as many as he can and that brings us nicely to value of the Sable asset for JLP. The future keeps looking brighter for JLP and, I thought I would never come to say this, but the CB strategy in Africa seems to becoming clearer !!!