Member Info for gotreal

44,000ozs of which we NOW keep 100% of the profits v 50,000ozs where we sp-lit the profit with the supplier of the tailings. The numbers you cite tell the wrong story, as do you.

https://www.morningstar.com/stocks/pinx/jubpf/ownership .............. you need a login though.

It looks the same as on Friday to me.

There is nothing to indicate that those are buys or sells....if you are going on what they are shown on LSE as then that is just a guess on their part, nothing more.

I'm not going to waste my breath on you any more. You are just another armchair CEO...but in your case a CEO who puts your own individual gain before the health and future prospects of the company and like a child wants instant gratification because you are not yet wise enough to understand that delaying it will produce a far greater return.

Tosh... JLP is in a rapid growth phase..you don't use hard earned cash that saves borrowing and give it to the shareholders. Sorry, Sumnmit, you are wrong and in the wrong stock if thats what you want....at least for 3 or so years yet.

From the WHI report: "How Solvent Extraction Electro Winning (SX-EW) works SX-EW is a standard production route for leachable copper concentrates. Jubilee will leach in Vats using sulphuric acid and raffinate using acid generated from a plant at site (Figure 1) or trucked in from the Mufulira smelter. We expect the Lechwe plant to look similar to Sable. The Pregnant Leach Solution (PLS) usually contains 20-25g/litre of copper plus any cobalt that was also in the ore. The copper is extracted from the PLS using organic solvents (LIX chemicals) and kerosene with the copper then stripped by strong sulphuric acid into an electrolyte containing ~50g/litre copper. This electrolyte is sent for Electrowinning for copper plating on lead anodes. SX-EW is a sequential process to enhance copper grades in solution. At each stage of upgrade, the “spent” liquid is sent back to the start of the cycle (see Figure 1). Any excess cobalt can be bled from the system and precipitated to form cobalt carbonate or hydroxide for sale. The production of cobalt is entirely dependent upon the cobalt in the raw material. The previous operator of Sable (Glencore) took ore from the DRC, which was rich in cobalt. "

So the Co is a byproduct of the CU production it seems.

I reecall Leon saying that the Cobalt circuit had virtually no cost as the elements involved were accounted for in the copper circuit. It is I believe pretty much pure profit. Can anyone else recall this? I will try to find the text.

Are we supposed to say well done, Ripley...? What are you on about?

https://www.miningreview.com/base-metals/copper-tailings-reclamation-in-zambia-jubilee-metals-advantage/

"Having already acquired various tailings material sources north of Ndola, Jubilee is looking to replicate its achievement in the south, in the north – but on a much larger scale. “We’ve outlined to the market that we will pursue adding another 15 – 17 000 tpa of copper on top of what we will produce in the south.

That initial target however is modest. It can be escalated quite rapidly if you look at the size and opportunities in the region. In fact, we believe it is feasible to potentially upscale to around 40 000 tpa and process and refine these quantities sustainably. Our success to do so will again in theory largely be determined by our demonstrated ability to turn perceived waste into value by establishing relationships with the current rights holders of the waste,” Coetzer states."

Bring it on ....

For the same reason Tesla was trading at $1300 and is now at $700; why all commodity stocks have retraced 50+% in the last few months... In fact, JLP has held up remarkably well compared to most commodity plays...simply because the story is so good. But you seem to have a view which is detached from the reality of what is going on in the wider global economy... You also seem to think that unless a company is paying you a dividend then it isn't (a) proftable or (b) generating cash, both of which are untrue.

If you are still banging on about dividends then you will have to wait a couple of years. Currently all cash is being reinvested back into the business which is an eminently sensible thing to do rather than borrow. We are VERY profitable... can't you understand that ??

We generate loads of cash Summit...what on earth are you talkking about?

It was RNS'd, Sumo ... https://tools.eurolandir.com/tools/Pressreleases/GetPressRelease/?ID=4104569&lang=en-GB&companycode=uk-jlp&v= As a result of the commissioning there will be production. As for where exactly the cobalt-rich tailings are, it simply says "including a cobalt by-product from certain cobalt containing feed streams." Which feed streams are drawn upon at any time will be influenced by operational factors and market prices for the metals constituents as we know, for example, Leon has said that they would use feed with higher Palladium content when the price made sense to do so.

It is indicative of his absolute belieif in JLP that Slater made clear, this is the ONLY commodity play he owns. Think about that. He could own SLP, he could own THS, he could own, well, anything.... but the ONLY one he DOES own is JLP, and that given all of the extra knowledge he will have as a result of his position. Its a pretty strong endorsement.

What a positive "can do" type of character Slater is...

Do I take it you have sold your 7 million shares Frog...? ;)

Wrong board...go away.

Kaiser.... what expansion plans? They don't really have a strategy for growth or diversification hence the divi....

"Tharisa’s new fine chrome processing is through their new Vulcan plant in comparison...." ...which is almost a year late and cost north of $100 million ... However, JLP has an ULTRA-fine Chrome facility ....From the WHI report in December:

Following years of research, Jubilee has refined its processing approach and now has developed a viable circuit to recover a fine chrome concentrate and a PGM-rich concentrate from the tailings associated with chromite mining. This opens up a range of waste dumps on the Bushveld for retreatment as well as allowing Jubilee to slot in a fine
recovery plant to treat tailings arising from standard chromite processing. For many years, the PGM potential in the chromite layers in the Bushveld has been recognised – indeed, the UG2 layer (see Figure 17) is one of the world’s largest resources of platinum. However, the grade of PGM in the main chromitite beds is too low to be able to process economically just for the PGMs. What the Jubilee process does is remove even more of the chromite from the waste material treated, thereby increasing the grade of the PGM and enabling a standard flotation process to recover a PGM concentrate, which can be smelted.
The chromitites are remarkably consistent (with some natural variation) but, in principle, the grade of PGM is roughly 1g/t 4E in the chromite beds, which is increased on the first standard removal of chromite to ~3g/t 4E in tailings. This “tail” from the standard chrome plants can be treated by Jubilee’s fine chrome recovery process (treating chrome <70µm) to produce a ~6g/t 4E stream for flotation and also remove a saleable fraction of chromite at the same time. Jubilee’s ultra-fine chromite plant (relocated from Dikolong) will also recover a portion of very fine-grained chrome.
The Jubilee chrome plant and ultra-fine chrome plant treats material grading ~3.2g/t PGM and 22% Cr2O3, which is classified through a cyclone with the -38µm fraction going straight to the flotation circuit rougher via a polishing mill. The +38µm fraction goes back to the spirals for fine chrome recovery (C-plant), producing a chromite concentrate grading ~40% Cr2O3 with the tails from this going to the PGM flotation circuit rougher. After scavenging and cleaner circuits, the final concentrate grading ~100g/t PGM (4E) and <2.3% Cr2O3 is sent to a PGM smelter.