RE: RNS18 Dec 2021 14:10
I agree, I-O, It is a business unit not a stand alone business; the latter wouldn't really make sense . The ambition in the statement though is breathtaking: "It is not often that one finds oneself in a unique space, positioned to make a difference on a global scale. " ..."Increasingly, Jubilee is receiving approaches to work on new projects across continents and it is now appropriate timing to look to broaden the Company's focus in an organised, strategic, but aggressive way, with the global roll-out of the Company's brand, 'The Jubilee Way', a method of operation in the tailings space unique to Jubilee. "
Without the 10 - 15 year lead time required for deep mining, JLP can set up in a new location and become cash flow positive in a matter of 24 months, whilst its multi-metals strategy reduces the risk associated with all eggs in one basket (SLP/THS) and provides a far greater number of potential prospects.
Mineral % Contribution to Global Tailings
Copper 46%
Gold 21%
Iron 9%
Coal 8%
Phosphate 4%
Lead and Zinc 3%
Nickel 2%
Platinum Group Elements 1%
Bauxite 1%
Uranium <1%
Chromium <1%
Molybdenum <1%
Tin <1%
Vanadium <1%
Manganese <1%
Niobium <1%
Rare Earths <1%
Lithium <1%
Other minerals 1%
Total 100%
It is estimated that there are 8,500 tailings dumps globally with a total mass of 283 billion tonnes, and the volume of tailings is growing by 12Km3 every year... https://elements.visualcapitalist.com/visualizing-the-size-of-mine-tailings/
What an opportunity for a company like JLP.