Member Info for Billyboy2fromiii

Mikie,

I amIFA by trade and I certainly agree with you regards the green issue. Very pleased that JLP seem to be looking to bear this drum as ESG is definitely becoming more and more important to fund managers (and investors). Leon says we operate in a zero effluent manner and if that ticks the ESG box then that could be very, very good news for JLP (and it’s shareholders)!

BB2

Hi,
I watched the presentation at yesterday’s Investor Meeting. Been researching this for a while and looking to buy in for first time. Can. Any long term holder please outline the main outstanding risk here, I assume it is the outstanding 7% land package??? What happens if the current owners of this 7% won’t sell? What would be the implications to Condor should this happen?

I have been in share before where outstanding issues were “a given” and then did not actually happen and the sp subsequently tanked. Interesting for any comments from long termers regarding this.

Regards, BB2.

Re Roan and DCM; Roan is currently in construction and is expected to be producing concentrate in Q2 2021. We will announce values on DCM material as and when it becomes available.

Re flowsheets; the issue of flow sheets has been raised before, while Jubilee would like to provide shareholders with as much information as possible we are cautious of protecting our IP. Jubilee is constantly exploring opportunities internationally, there is huge opportunity for growth, however we are cautious as to which we take on as earnings and profitability remain a top priority for shareholders. Sable produces its own sulphuric acid which enables Jubilee to produce on demand.

Re copper; the copper % in the tailings ranges from 1-3%, which Jubilee will upgrade on site to a concentrate at roughly 25%, then cathode at 99%

Re Kabwe; Jubilee holds strong government connections in Zambia - to the extent where the mining ministry is approaching Jubilee for further Zambian reprocessing projects

Re ESG; with regards to ESG - we plan to put out a note on Jubilee's ESG efforts in Q1 of 2021. Jubilee is an inherently green company and this will receive more PR in 2021, in addition to our community upliftment programs outlined on page 25 of our annual report

Rr Cobalt; Not necessarily free carry because there are costs associated with cobalt production. Production of Cobalt concentrate is possible at Sable

Re quarterly reporting ; As it stands we will continue to release half yearly results, however we will provide regular updates on material matters.

Re The Jubilee Way: Jubilees IP allows us to reprocess tailings efficiently at high margins, particularly when compared to other metal producers. This IP has been developed in house and is what provides Jubilee with our competitive edge. Producing metal from tailings is not a 'plug and play' process and Jubilee places a large emphasis on upfront testing and analysis in order to achieve the results which we do. In this regard there is not "technology to license" as each project is unique and requires a bespoke approach. Jubilee will look to continue to enter into new processing agreements where we feel we can add significant value.

Re Dividends; Dividends are certainly a possibility in the future. Being a growth stage company our cash flow is directed towards growth at present.

Re Potential new copper deal referred to by Lean; I am bound by what has been announced, please keep an eye on our RNS feed for more updates which should come soon!

Re Takeover; Jubilee plans to create a multi-commodity multi-geographic industry out of mine waste. We would not be open to take-overs at this stage.

Re The recent BRR webinar with Leon; unfortunately the webcast is not available to add to the website, instead we added the presentation video Leon did for MIS

Regards, BB2.

Ok, thanks. My mistake re the £.
That makes my figures 18p stage one and 36 p stage two, without any value for other project(s) of course.
I will have a play with figs.
Thanks again.
BB2.

Wasa,

I was working on a mcap of approx three times ebitda (for a single asset Co). So for stage one production with ebitda of $90m, that would be $270m mcap which (with NO dilution) would be 14p per share. If we double this for stage 2, I get 28p per share which is a massive difference to your figure. Any thoughts anyone?
BB2

Wasa,

Thank you for reply.
So assuming a dividend yield of 3% as a rough guide, you are expecting an sp of approx £1 to £1.65 (once stage 2 complete) to pay a divi of 3p to 5p ??
BB2

Hi,

In order to help with my research, could any long term holder please give me their projections on realistic annual revenue and profit figures when in production. I understand stage one should produce 14,500 tonnes nickel per annum and stage 2 (funded from cashflow) should double that to 29,000 tonnes per annum.

I bought in recently at 6p and considering topping up but just want to check my understanding with any lth....

Regards, BB2.

Northern,

Thank you, got it now.

For the record, the presentation that you can download refers to the share price at 11th November whereas the presentation used during Leon's video refers to the share price at 2nd December. So Leon's video is up to date to Wednesday this week. BB2.

Northern, Where is the video, please? I can only see the Corporate Presentataion FY 2020.

BB2

Hi Jammer,

Where is the presentation by Leon at the Master Investors Show? I am logged in but can only see the Corporate Presentation FY2020? I cannot see a video or presentation by Lean??

BB2

Northern,

Are you looking at the presentation from today's Master Investor Show or the current one on the website???

BB2.

Hi Jammer,

Have you been able to book an appt slot with Leon? I’ve got ticket by won’t let me access the site yet (till 9.45 tomorrow). BB2.

https://www.brighttalk.com/webcast/15565/439200?utm_campaign=channel-feed&utm_source=brighttalk-portal&utm_medium=web

BB2

https://www.brighttalk.com/webcast/15565/439203?utm_campaign=channel-feed&utm_source=brighttalk-portal&utm_medium=web

BB2

https://www.brighttalk.com/webcast/15565/439092?utm_campaign=channel-feed&utm_source=brighttalk-portal&utm_medium=web

BB2.

Hi,
What site do you use for the price of chrome.

I tend to use Kitco for platinum and copper but I struggle to find a price for chrome.

Anyone else have suggestions please?

BB2.

Hi all,

Just trying to understand the process etc...

So reading page 8 of the Summary, does this mean that we put 6m tonnes of ore annually into the crusher. This ore goes through the process in the flowchart on page 5. We end up a nickel concentrate "cake" and a copper concentrate "cake". I get that bit.

Page 8 seems to suggest we end up with 368,400 DMT (?dry metric tonnes?) of nickel concentrate (up from 358,000 DMT as per PFS) AND 30,000 DMT of copper concentrate (nothing in the PFS). To be honest, I do not understand the calculations in the first table on page 8 that seems to show where these two amounts of DMT is calculated. Does anyone understand this, just for curiosity?

The next bit, I do not fully understand how the toll smelting works. If anyone can explain the process and how the numbers on page 8 work then much appreciated. However, page 8 states we end up with annual payable nickel of 27,124 tonnes of nickel (plus a bit of platinum and palladium) and 6,704 of copper (plus a bit of gold and palladium. Are these tonnes of nickel and copper.

So does this mean as todays nickel price of approx $16,000 per tonne, revenue would be 27,124t times $16,000 equals $433m per annual. In addition, does this mean at todays copper price of approx $7,200 per tonne, revenue would be 6,704t times $7,200 equals $48m per annum. So does this mean a combined nickel and copper gross annual revenue (based upon todays pricing) of approx $481m ????

I appreciate we may forward sell some of the nickel and probably the copper to receive some $ up front. Also, we probably will have a JV partner with who the revenue will be split. But I am just trying to see where all this could possibly lead to.

Any thoughts anyone???

BB2

Hi CBS, Crazy and all,

Am I not correct in thinking that (under the terms of the current non-binding offtake terms) we will NOT receive any $ for the Rhodium? The Summary (page 8 of 13) seems to state that we only get paid for the nickel (27,124t pa) and a very small amount of platinum (142oz pa) and palladium (711oz pa) from the nickel concentrate and for the copper (6,704t pa) and small amount of palladium (23oz pa) and gold (755oz pa) from the copper concentrate)? Do we not lose the value of any other metals to the toll smelting Company?

Interested in your thoughts??

BB2

Etank,

Wasn't the NPV (based on FFS option rather than TS) US$987.40m ?

So 15% would equate to US$148m (or £110m) equating to 7.9p

Or am missing something?

BB2.

Hi,

The picture in the tweet appears to be the first page of the presentation titled "PERMANENT CONDITIONS TEO Summary Pack" that will (HOPEFULLY) be used at tomorrow's presentation.

This tweet is just from Share Talk (Zak Mir) and it appears from the presentation link already sent that Zak Mir is the interviewer/presenter tomorrow. The tweet picture of the presentation is NOT (yet) on AMC's twitter feed.

Bearing in mind the presentation is at 4pm, when the market is still open. The typical AMC presentations have been 6pm onwards, when the market was closed. On that basis, either the presentation will not state anything that is not already known (surely that document has got to have some of the details that we have been waiting for and are currently unknown???) or AMC will issue a RNS tomorrow (morning?) to state whatever info is going to be detailed in the presentation at 4pm tomorrow.

So there you have it, everyone needs to up early for a 7am RNS .........

Lets hope so!!! BB2.