RE: Tiger - thanks for your response20 Jan 2021 20:20
TBTT - definition of an asset: "An asset is a resource with economic value that an individual, corporation, or country owns OR CONTROLS with the expectation that it will provide a future benefit. Assets are reported on a company's balance sheet and are bought or created to increase a firm's value or benefit the firm's operations. An asset can be thought of as something that, in the future, CAN GENERATE CASHFLOW, reduce expenses, or improve sales, regardless of whether it's manufacturing equipment or a patent. "
JLP has EXCLUSIVE RIGHTS in partnership with entities that have the rights of recovery to process those 300 million tonnes of tailings. The tailings therefore are by definition very much an asset and JLP has the technology to recover the very low levels of metals contained therein, which few if any other companies will be able to.
https://jubileemetalsgroup.com/investors/rns/execution-of-further-copper-tailings-transactions/
This implementation of these Agreements combined with Jubilee’s existing copper projects, will establish Jubilee as a leading copper producer from historical tailings alone
The Tailings have been previously drilled and sampled to confirm both content and size containing on average 0.3% copper and 0.05% cobalt
The combined magnitude of the total secured copper tailings resources and related projects, together with Jubilee’s Sable Refinery, offers the potential to deliver LONG TERM SUSTAINED QUALITY EARNINGS making a significant contribution to Jubilee’s existing earnings from its PGM and chrome operations in South Africa
The Sable Refinery is operationally ready and able to significantly enhance its capacity alongside the expected production build up, WITHOUT INCURRING ANY SIGNIFICANT NEW CAPITAL EXPENDITURE (Vulcan $50mill?)
Leon Coetzer, CEO of Jubilee, commented: “These Agreements, together with the previous rights to material already secured, have resulted in Jubilee having access to an extensive copper and cobalt containing resource, which importantly is at surface and able to generate long term quality earnings. The implementation of our Zambian copper strategy has been carefully designed and aggressively pursued by the Jubilee team in a very short amount of time. It targets to rapidly replicate at a much larger scale our success achieved in the re-processing of PGM and chrome tails.
“We have, WITHIN 14 MONTHS of establishing our presence in Zambia, approximately 270 million tonnes of copper tailings and commissioned a fully operational copper refinery with the ability to expand the refinery into multi metal products.
I let you re-read the rest from the article. Assets they most certainly are and with Leon at the helm Jubilee is executing.
Sign In
Follow the stocks
