Member Info for gotreal

Where is the money coming from to continue with all of the legal activity? And if, as Mole seems to suggest, there is nothing of substance proven in the block, why?

Its working now....

Mine too ....

Its a very good job therefore that Jubilee has Government backing for the work it is doing in Zambia.

https://jubileemetalsgroup.com/investors/rns/kabwe-multi-metal-processing-project-update/

Corporate Social Responsibility

Jubilee has joined the Zambia Mining and Environmental Remediation and Improvement Project (“ZMERIP”), a government initiative to reduce environmental health risks to the local population in critically polluted mining areas in Zambia, including the Kabwe municipality. The Company is working on remediation activities and improving environmental activities.

https://mine.nridigital.com/mine_feb19/toxic_tailings_reprocessing_in_zambia

"As it expands its interests in Zambia, Owen says Jubilee will also be looking to employ as much local labour as possible. That will be a welcome promise in Kabwe, which is located in Zambia’s Central Province, where 10% of the population is unemployed, according to the country’s 2014 Labour Force Survey. “In terms of job creation, part of our mandate as directed by the government in Zambia is that we need to employ local people,” says Owen. “Local employment and local participation is a big part of Jubilee’s agenda here.”

“What makes the Kabwe project interesting from our perspective is that Jubilee is really looking to build an industry out of recovering this mine waste material,” says Owen. “And when I said build an industry I mean international, multi-commodity, mine waste material recovery."

Depends if you are looking for something with legs or just another quick buck, mapp? If the former, I would say Jubilee Metals, JLP.

Copper is actually currently $6705/tonne / £5095 at today's spot rates.

Its the equivalent of a Newmont announcing another major gold strike ....but without any of the risks of getting it out of the ground... It really ought to fly if looked at that way.

So Leon has delivered again. A further 115 mt of copper and cobalt tailings that will keep Sable busy for 13 years on top of the 155 mt already secured. A quick fag packet calc says this extra resource has a NPV of approximately $2.2 billion .....and with none of the risk that mining has. Time for a re-rate surely?

The spread has widened over the last coupe of days making it appear that the price is falling slowly. In reality it is currently trading at 6.27 / 6.5, not 6.1 ... yesterday when it was showing 6.2 bid it was trading at 6.3+/6.4 . A little bit of psychology being played out here I think before the results.

Looks like quite strong support at 53p?

Apologies... I read it that there were threatened legal proceedings against JLP! Certainly, one of the selling points for JLP is its ability to remediate environmental damage caused by mining operations and mismanagement of tailings waste.

Threatened legal proceedings ....? Pray tell....? What do you know that isn't public knowledge?

Hasn't it been for shareholders in pretty much every stock..? ?? Still, the Marlborough UK Microcap and Nanocap Growth Funds still seem to own over 11% and Mr Vikrant Bhargava lucky chap still has 9%... So there are some serious investments in Jubilee who plainly see the bigger picture of the future here... ??

But if I recall, Leon said in the interview that the next quarters earnings would be at least as much as Q3.

Leaving aside Leon's comments with regard expansion into other continents, and that potential is mind boggling, based on current planned operations and the current copper price (which is predicted to continue to rise) the company should have a bottom line well in excess of £100 million when Sable is at capacity which equates to earnings per share of around 4.7p . Looking at Rio Tinto or Anglo American, those behemoths of the metal world, that do not have anything like the potential for growth that JLP has, their PE ratios are 10 - 12. So on a like for like, forgetting the growth factor, or any allowance for expansion into new territories, JLP should be priced at around 50p. And there is 20 years worth of material to process TODAY above ground.

Leaving aside Leon's comments with regard expansion into other continents, and that potential is mind boggling, based on current planned operations and the current copper price (which is predicted to continue to rise) the company should have a bottom line well in excess of £100 million when Sable is at capacity which equates to earnings per share of around 4.7p . Looking at Rio Tinto or Anglo American, those behemoths of the metal world, that do not have anything like the potential for growth that JLP has, their PE ratios are 10 - 12. So on a like for like, forgetting the growth factor, or any allowance for expansion into new territories, JLP should be priced at around 50p. And there is 20 years worth of material to process TODAY above ground.

If you missed it live its on the Jubilee site: https://jubileemetalsgroup.com/presentations-videos/

Be interesting to see what happens when the US opens ... and all of the Daily Mail punters and others that have seen the recent recs have all jumped in.

Quite, Sumoskier. Though why LSE has the closing price wrong I have no idea. It actually closed at 5.40/5.50 ....

From the Lusaka Times:

"The purpose of this allegation, aside from the defamation, is to draw attention away from the legal reality. The Supreme Court clearly established ownership of the Kalengwa Mine and the Ministry of Mines approved the purchase of the mine’s licence by Moxico. The real interference occurred when the Jerabo gang somehow managed to get that licence cancelled and a new one issued in the name of an entity they control called KPZ. It is this transaction, or series of transactions, which is currently under close scrutiny and investigation by the government of Zambia."

Haha.... "when the Jerabo gang somehow managed to get that licence cancelled and a new one issued " ... so they are accused of stealing it but apparently do have ownership of the licence...

Luckily, Leon seems to have a firm grip on the rudder at JLP and is putting CSR at the forefront of expansion; Colin only owns 0.55% of the stock.