Member Info for Kaiser_B

Jammer,

Regarding the speculative point of the ultra fine chrome facilitating high PGM amounts. That is unlikely, if anything it is down to the following things:

Higher PGM amount per ton mined, a better recovery rate throughout the full range, (Yes the fine chrome will reduce the chrome amounts and means more ROM spoil and tailings can be processed rhrough the PGM side of the business) and finally more tons through the doors.

If i had to guess though, it will be a combination of all of those things, but the really good news for me is that the fine chrome particles ARE clearly being removed, Leon has said this in not so many words, as we are NOT having to pay a chrome tax to process/smelt our PGM's, which has the added benefit of reducing the cost to produce the same amount of PGM ounces.

Zoro,

We had gained about 50% in a month, of course it was going to drop back down a bit, as people took some profit.

At the end of the day, once all this **** is sorted out for Jubilee such as the optimisation of the South African assets and the announcement of reaching 400 tons a month of copper cathode, this should hit new highs again.

At the end of the day, we are here to make money, whether you take some profit now and hope it drops to pick up free shares as I have done a few times or you are just banking money because of Brexit and/or Christmas time or it is just needed for tax purposes, it is a personal choice

MikieSunday,

Yep, a reduction in chrome in the product is great, because we can sell that, we don't get to pay the chrome penalty AND we do artificially reduce the amount of tons that Northam are required to process. When people heard about the fine chrome effort they questioned if it was worth it and even then I was like, it WILL reduce costs down the line and people were like, no one can get this bit out and is it worth the cost of developing it? I said then, they wouldn't do it, if they didn't think they could extract it, but I get people being concerned about the cost of development and seeing if it was commercially viable, but now look at us, we are on route to being the FOURTH biggest producer of Chrome Concentrate in the world and we don't even have a bloody mine and all those extra related costs of manpower, etc.

The funny thing is, we can ship this out to any chrome producer in the world and take a cut of any produced chrome concentrate and we know it works for copper at the very least too and it if works for those two, if will work for any metals in all likelihood.

Personally I feel that we have accidentally stumbled on to a winner after the disaster from the stumbling to buy the mine that was basically ore'd out.

I am happy here though, that might be because my average is 2.33p a share on my trading lot of shares after a couple of trades on spikes and re-purchases on retraces, but I can personally see this getting to multiples of even this level and roll on the paying of dividends in the future too, although I'd rather keep expanding and snapping up resources all over the world before we start paying dividends in reality, as with our tech, this company could and hopefully will become a FTSE 250 or even a FTSE 100 company in its own right.

Regarding the fine chrome, for me the cost didn't make any difference at all, because even running it at a small loss, which we aren't, meant bigger savings down the line.

I'd rather take the small loss there and save on chrome processing charges and the cost to process the actual PGM by reducing the amount of tons that we ask Northam to process by removing extra material, thus saving money there which would be bigger than the loss of money from the fine chrome side of the business.

I will say that sometimes it is better taking a small loss in one are to get a better return in other areas, but either way that point is mute, as we, even in the depressed prices from the last year made money, granted not much, but profit is profit and once chrome return to normal prices and it is heading back towards normal prices, watch how much money we make from that too on top of the PGM side of the business.

Just done a quick look at a sale on Interactive Investors and the sell is at 11.5 and buy is at 11.7. This is going to smash Zak Mir's year end target in the next few days at this rate.

I have been in for a long time and my average is in the 2's following a few trades on spikes and retreats over the years, but this run looks like it isn't going to be over any time soon and that isn't a ramp at all, just my personal opinion, as I honestly expected a retrace today following the near 20% gain over the last few days, but it looks like it is going up still.

https://www. ************* .net/jubilee-metals-group-deliver-a-solid-set-of-results-interview/

https://www.*************.net/jubilee-metals-group-deliver-a-solid-set-of-results-interview/

That Zoom meeting is at 10am. According to the meeting details on Zoom.

Jammer,

8. No mention when rebuilt ultra fine chrome plant comes on stream, but when it does it will not only produce chrome concentrate but also be able to upgrade the feed into the PGM processing better than currently. The improved feed quality will enhance the PGM output. It looks like the ultra fine chrome facility might be the first step for all feed into the platinum processing part of the Inyoni operation and could produce a step up in efficiencies and perhaps bring the 6000 oz of PGMs per month target into sight early next year.

This is the biggest thing out of all that webinar for me, as most UG2 PGM feed has very high chrome toxicity in it and by removing EVEN more of the chrome we should lose any chrome fines/penalties from the cost of processing AND we get even more product to sell, which FURTHER reduces the costs.

As I have said the other day, South Africa is the scone and butter, but Zambia is the jam and cream.

With South Africa sown up and producing very healthy margins, we can take our time and address Zambia properly and make sure that we get it right, because if we do, we can take our IP all over the world and basically become a monster in our own right.

Jammer,

I concur with all points and YES, i definitely heard something with regards to 280 million tons of tailings, but it wasn't clear of this was in addition to the previous 170 million tons or included the previous 170 million tons. If it is in addition, we ARE going to need a much bigger refinery, that much IS clear, especially as Project Elephant has the potential to take up ALL Sables capacity on its own.

The bits I REALLY liked though are: when we get Inyoni, Windsor and Windsor 8 at full pelt. We will be the 4th biggest supplier of Chrome Concentrate in the world. We are on target to be the 6th biggest producer of PGM's in the world AND once we get Sable maxed out, we will be in the top 10 of Copper producers in the world.

Being honest, the Chrome Concentrate alone is important, but add in those other 2 and the repeatable nature of them for potentially the next 20+ years and you can see where this company is headed and potentially it is stratospheric, if qe don't get bought out first by a much larger mining/processing company.

The potential this company has is frightening and I knew it was good from the last few months, but this really has and should put the cat amongst the pigeons with both investors and institutions.

Top slicing is a necessary evil for some people and an unnecessary effort for others CJ.

There are gamblers like me, who know where this company is going in the longer term and are ok with top slicing on a big raise and (hopefully), like i did just at the bell, buying back in for a chunk lower than we sold them for and getting some free shares to boot or taking the money elsewhere if it doesn't retrace and running the free/minimal cost shares forever. There are those who just top slice to go to other opportunities and there are those that do it to bank a profit, because they need/want the money.

Personally, I had a gamble today, but I have added a few free shares to my portfolio and reduced my average cost per share by a chunk, yes it could have gone wrong and it could have gone all the way up to 7+p a share, but it didn't and now I have a few more shares locked away ready for the market to wake up to realisation of what this company is doing and where it is going in the short, medium and long term.

It really wouldn't surprise me, if we see a buyout in the next 5-10 years by a big company at a amount in the multiples of today's share price, because we can just do it better than them, but before that, we WILL likely see dividends coming through, because we are generating ALOT of cash at the moment although, I am hoping for even more expansion first, as there are plenty of opportunities out there in lots of mining countries where the tailings dams are a liability on a companies balance sheet and we can both extract the materials from it and actually store it properly, this expanding Jubilee in to becoming a massive company in our own right and making the world a little bit better.

Jonah58,

I still have all my ISA wrapped shares mate, just trying to get myself a few extra free shares in reality. Yes, it is a gamble, but the entire AIM stock market effort is a gamble in reality and like i said, I have sit on a paper loss after not top slicing a few times now and the money is sat there waiting to go back in here, if it goes down a bit OR elsewhere if it doesn't.

I do feel that that there may be a little retrace to around 6p a share, which is why I have top sliced, but if it doesn't, it doesn't. The good news is, I have reduced the amount of my trading JLP shares to free and if it does drop to around 6p, I can put the original money in my ISA wrapper and any profits thereafter are basically tax free.

Curlly,

Did you even read what I put in it's entirety?

The only reason I ask is I clearly state, if it doesn't drop, I will put the money elsewhere.

I now have 10k of FREE shares from a top slice and if it doesn't drop and keeps rising I have free shares and my money back. If it does drop back abit, I can possibly pick up some free shares.

I have made a mistake before where I didn't top slice and ended up sitting on a loss for a while. Now, regardless what happens, I have my original money back AND a load of Free Shares, ready for when the dividends start paying in a year or so.

I bought a load of shares with some spare coin when the price was around 2.41p, today I sold my original cost and got about 10k of shares for free. I will wait for it to drop again and buy back in tonincrease my overall holding here, but if not, I can invest it elsewhere. I am happy with my holding here though, basically I have reduced my overall price per share by at least 30% over the full portfolio and if it drops that reduction will only increase further.

HighlyGeared,

I prefer to deal in facts than absolute speculation. The facts are thus: we ARE a market leader in processing ROM AND tailings spoil. We have great little assets in South Africa, which are are the scone and butter, but we have monster projects in Zambia that will keep us busy for years and that is our jam and cream.

Yes, we have Tjate, but it is worthless to us as it would cost about a billion pounds just to access the relatively shallow 2 Tjate farms for the 70 million ounces of PGM materials and that discounts the Quartzhill deeper dive and figuring that there are ALOT of mines that don't require a new build and ARE readily available for purchase as they are on care and maintainance, which is just a drain on resources as it costs money to not produce any material, will in all likelihood be snapped up by the Chinese well before Tjate is even a thought on that page. Yes, Quartzhill may get bought out, but you seriously can't be pinning your hopes on that and you definitely shouldn't be telling people on the Jubilee Metals page 'to read between the lines' on an article that neither mentions Jubilee Metals or Tjate specifically and only talks about Platinum Group Metals in general.

Sumoskier,

I think what HighlyGeared was alluding to is in this statement.

“Our friends at CNMC also share our conviction that an environmentally-responsible and secure supply of critical metals for clean-air and clean-water technologies – such as copper, nickel, platinum-group metals, cobalt and vanadium – is one of the most important hurdles for humanity to overcome as we collectively embrace a sustainable, low-carbon-energy revolution.”

The mention of Platinum Group Metals is there but that isn't as much a read between the lines, as a massive stretch into wild theory territory.

I do agree though that if the Chinese want to corner the market and supply their own PGM's to their own industry, they will need a big supply and the THREE Tjate farms are a pretty good start, because 2 of the them, without Quartzhill have about 70 million ounces in them, so that would be a great result for them.

I hope that they don't either, but in Zambia, we are diversified anyway, between copper/zinc/cobalt and lead we are already pretty diversified, especially with the rewards on offer in Zambi, for example, look at Project Elephant for example, then throw in to the mix of silver and germanium from Star Zinc and Ka****u and the rewards go from good to amazing and possibly stratospheric.

SumoSkier, Jonah58 & NoExcuses,

Here is my 2p's worth.

1. The value in transporting concentrated tailings from DCM to Inyoni will depend crucially on the PoP, which is holding up well - especially Rhodium. I thnk this will be maintained, or evn get better, but I suspect Leon is in no hurry to cart the stuff over. They have plenty of material close by, and are acquirng more by the minute! and 3. Progress on project Roan should feature soon enough.

As far as I am aware the DCM mine is on care and maintenance, I might be wrong here, but I am fairly sure that I am not and therefore we won't be acquiring more by the minute. Personally I feel that we need a processing plant at DCM for the PGM's, but now I feel that Leon is going all out for copper and Zambia and he will forget all about the PGM side of things. It really wouldn't surprise me if we sell the South African side of the business to SLP and use the proceeds to grow the Zambian side of the business, where we are going to be basically heroes for the Zambian government.

2. We should be hearing about re-commissioning the fine chrome plant (is that at Windsor or Inyoni, the former I think) once that comes on-line.

With regards to the fine chrome, it isn't market sensitive information, as we know it is moving to one or the other, a delay doesn't mean anything either, because common sense prevails about delays at the moment, especially in a Covid environment. Fine chrome will be produced when it is produced, it is that simple.

4. Maybe sorting out of the cross border issues to get working on the zinc recovery plant at Sable. Not expecting that soon, but Covid situation in SA is easing.

Zinc prices are through the floor (again) at the moment, so why would we use our precious resources to initiate a zinc circuit rather than expand the Copper circuit? Granted the Zinc is right next door to the refinery and we could store up the Zinc and sell it on a price jump, but do we honestly want the drain of buying the ROM from Galileo and processing it, just to store it in the hope of a price spike in the future, when we have Project Roan & Project Elephant and all the 3rd party ROM to process. My honest thoughts are that we will forego intalling the Zinc circuit for the moment but design and test it and whilst that is going on we'll expand the copper side of the refinery and when Star Zinc & Ka****u come online in 6 months to a year, they can store the ROM until we are ready for it.

Just a few thoughts, but not unrealistic, I believe.

Sharegar,

I can see this company taking off too, for a few reasons:

Firstly: Not only because the world needs to be greener in what it does, but in the way it works,
Secondly: As proven over time with for example Vale's Tailings dam failures, they are a drain and a potential liability on a companies balance sheet and need storing correctly and
Thirdly: As a small company we, have to do things more efficiently and extract value where we can.

There are competitors, such as SLP, but they are PGM focused and whilst that is great if the prices stay where they are, but if they drop, they will see a big drop in revenue.

I am one of the first to admit that LC & CB that have made mistakes in the past, in fact I have chastised them on multiple occasions for what I have thought are mis-steps, but by luck or chance, they have stumbled on to a winning combination. The fact that we are now one of the biggest producers of chrome concentrate IN THE WORLD, WITHOUT A MINE, bears testament to that winning combination. Yes, there have been tough times, but it appears that the timing of bringing all these projects online, couldn't have come at a better time too.

Personally I agree that, WE, as a company, are the actual market leaders in waste/tailings recycling and I feel that we will get bought out sooner rather than later, because this industry that we are building here has the potential to be one of the most disruptive efforts moving forwards for big mining companies.

As for Tjate, I am not ascribing it ANY value, because it WILL cost too much for us as a company to access it, but there may be others who want it and want to control their own PGM's, such as the Chinese who will take a punt on buying the entire company, especially if it paints them in a good light twofold by firstly becoming more environmentally aware and they have near unlimited funds to bring to Africa to make countries AND governments like them.

High geared,

There WAS deal between JLP and Anglo-American, for Quartzhill, but they got greedy and tried to stiff us thinking the company will fold and they'd probably pick all three of the Tjate farms up the chump change. Quartzhill is deeper than the other 2 reefs on the other two farms and the 68 million ounces only came from 2 out of the three farms, if i remember rightly so. Quartzhill was and is next to useless for Jubilee in that term and would only be useful for Anglo-American due to its location next to Twickenham, which would extend the length of mine if it ever leaves care and maintenance and gets back to production, which seems unlikely at the moment or even in the near future and Implats Marula mine, which is currently temporarily shut down down to Coronavirus and is probably the one one who would like Quartzhill in the present and near or even longer future time line and selling to one customer doesn't give the best return.

Personally I don't think Tjate will be developed at all by ANYONE, unless one of the majors just wants to keep drilling into Quartzhill, but that would be it and we probably wouldn't get the 4.1 million that the deal outlined previously, as we are in a cash is king time and for the aforementioned reasons states above.

Personally I have done my research and I agree that there is NO WAY that Tjate can have ANY value ascribed to it, because it would cost between a billion and 1.5 billion pounds just to get a mine down to the upper 2 levels and with an NPV of between 1.5 billion and 2 billion pounds, it doesn't leave probably ANY meat on the bones for Jubilee, once other costs are added.

So if you do care to show me these tidbits that you say are readily available for investors, about a sale of Tjate, I would be all ears.