Member Info for Mikiesunday

Shivers, I vaguely recall something about acid sales and consultancy work as well. Quite amazing when you lay out the last full year figures, in comparison to the numbers we are now mulling over. I remember being wowed by those figures when released but they will soon be a faint distant memory. Can’t wait for the 6 monthly’s! They will be like a match to a firework!

Indeed Shiner, the copper production is going to be very interesting. Whilst we are all having a good stab at the PGM’S ( although I feel the increased metal prices might surprise us) we have no real clue regarding copper. It will also be interesting as to how much chrome is adding to the equation under the new economies of scale.I feel we may be surprised all in.

Very interesting Shiner, I presume some of these like AJ Bell and IG are nominees for individual holders? I hold some of mine under the IG banner.Will be very interesting when we start seeing lots more names like Slater. They will be coming soon and really drive the price up.

Dore, have just been reading your comments and do genuinely feel sorry for you. You have had no luck with your timing, but that is the risk involved with AIM and early stage development companies. The good news for you is the chance of recouping your investment and then some. This is a very different company now and requires your full support going forward. The opportunity here is difficult to summarise it is that vast, but I admire your patience and with some good sentiment this will take off, so your support is very much needed.

Totally agree ShaGar, the share price will start with a £ in 2 years time. It’s all there and everything Macro as you have stated is in Jub’s favour and internally they have all the IP sorted and down pat. They are in a virgin industry and have first mover advantage with a proven system. Once the green funds jump on this it’s boom boom time! In the meantime there is a big seller rotating shares. Completely normal and to be expected all the way up to the £’s. There will be sellers that have to be removed at every stage and then up to the next leg. The fundamentals here are so good, shouldn’t take too long to burn out sellers, although Vikram may take a while. Come on Jub’s.

Jam1, your points are very considered, very possible and noted, however I will stick with my valuation of 4 times plus current share price at the end of the year for the following reasons. Yes, EPS allows for the deduction of tax and it is this figure that drives the official PE rate. In my example I have just shortcut complex calculations, in the belief a much higher PE rate will be used and more than compensate for the tax deduction. Jub’s I believe will be viewed much differently at the end of the current year due to substantially increasing profits on a very sustainable basis. It is more likely the market will forward price as well due to continued substantial increase in growth. I also feel the macro environment will support higher PE rates as well with increasing metal prices, recovery from Covid, green revolution and finalisation of Brexit -viewing British based companies differently even though this didn’t really effect Jub’s in reality. Whilst pipeline projects may be on the drag, equally they may be sped up, due to enhanced cash flow and experience gained during the last and next 24 months. Increased cash flow will certainly help deliver targets faster and the price of metals is certainly helping here( think plat nearly 1100 dollars as we speak), so whilst projects may be on the drag, they may also be accelerated . Forecasts for metal prices are going through the roof, so this is going to have a major impact on profits. There is a green revolution going on and would companies prefer Jub’s product to reduce their own foot print ( would they pay a premium for this product?) will this alone increase the PE rate. I am busting with optimism about the future for Jub’s and feel a lot more deals will be put on the table as well driving the PE rate up on forward pricing. All in all I am very comfortable with my prediction of 4 times current share price and hopeful of higher. My glass is certainly half full! Either way Jub’s is a massive winner.

Hi Shin, very helpful, thank you. Slater doesn’t appear to be there yet. Maybe updated monthly.

Ah GK- that would explain it.

Jub’s website is not referring to them and that list was updated early December so you would think this has been recently increased.

BB2, I was of the opinion a TR1 had to be issued when 3 percent of shareholding total was breached. I’ve just tried double checking this and am seeing 5 percent. Perhaps a better informed person on here can clarify?

Great find BB2- by my back of a fag packet calculation makes that just over 3 percent of Jub’s. Must be a TR1 due, which shows they are currently buying. It will be interesting to see if they were buying on the open market or Vikram has reduced his position further. Hopefully they plan a much bigger position. The Jubilee website is now considerably out of date regarding shareholdings over 3 percent. I fully expect the institutional pack to arrive here soon driving the share price vertically. Interestingly no sustainable funds yet, they are to come. You can sense the charge of the light brigade is about to descend upon us. Moral of the story is don’t let your shares go too cheap. Mine have my retirement written all over them, but not until they are well in the £,s.

WellFooked- add in Kabwe, add in DCM ( hopefully soon) and we’re over 200M in earnings in 18-24 months! We’re no longer talking about the share price in pence were now in the pounds! That’s all from known projects. As you say factor in some additional projects ( I feel will come thick and fast) and who knows where this share price is heading! This is a once in a lifetime opportunity when you know the growth is coming. The projects are nailed on and under development. We are not waiting on drilling results with everything crossed. We are not praying on licences being granted. 200M is on its way. This year will transform Jubilee. Ftse 250 next year?

I am a little more bullish and feel earnings will come in over £90M before tax. We do not really have much of an indication of copper production, but we do know we have been processing our own tailings and we have been accepting third party tailings with a view to ramping them up. Further ramp up to this with Roan. We also know Chrome profits are likely to increase substantially due to scale of economy as Leon has stated.I Also metal prices have risen since the first quarter update, so a fairly hefty increase will naturally happen there. Metal prices are likely to further increase. All will come down to copper ramp up. Assuming a PE of 12 will generate a market cap of 1.08B. Share price roughly 4 x present -July to November this year. Yep in 7-11 months. It would not surprise me to see a greater rise of 5 or 6 times current share price based on green promotion ( market desire for green assets) additional projects added, more purpose regarding Tjate. This is going to be a transformational year for Jubilee. Don’t be surprised to see a share price of 75p plus at the end of this year.

When Kabwe was first introduced I felt it could be worth around £30M in earnings, but I guess it depends on the third party conditions and the split of own feed to third party. Perhaps the more technical here could put done meet on the bones, but it’s going to add a fairly substantial number either way to to an ever growing pot of gold!

Gross.

Very informative Jam1. So Kabwe is going to produce around £63/64M of metal value per year. Obviously processing costs and third party splits to be accounted for. Anybody got any idea what the profit before tax will be? I think it’s fairly safe to say this will comfortably take the earnings for 2022 to over 200M combined with PGM’S, copper and chrome. The picture is looking better and better as each month passes. Using a PE rate of 12 gives a market cap of 2.4M which is roughly 9 times the current share price ( over £1 per share equivalent) in effectively 18 - 24 months time! With so much more news to arrive the share price here is going to ascend vertically. Growth here is going to be of biblical proportions and there is an almost limitless pond for Jub’s to fish in!

Think you might be right here Shiv, lots of chunky buys going on. Big seller in the back ground- Vikrant. All good and natural for the market and to be expected. Every little leg up will be met with profit taking. Not for me though- I’m here to see 3 figure share price and not too long to wait. Come on Jub’s. Happy New Year all- 2021 will be Jub’s year.

The figures here are starting to get mind boggling. 2022 could easily see earnings of 200M. A PE of 10 equals 2B, a PE of 20 equals 4B. The sky really is the limit here in the short term! The start of 2022 is only 12 months away. Hopefully a very detailed broker note will follow the 6 monthly operational’s as there is so much going on now. This will put into perspective the enormity of everything going on here, for those with less technical understanding and propel the share price to the next level. Come on Jub’s.

Totally agree with you JLPP. Great post, I would like to add further I’m considering disposing of other positions in favour of JLP as they just do not offer the same growth to risk factor that JLP has. I believe 100 percent in the company and in Leon. I think both will go down in AIM history and be talked about for a long time. As you say - with Leon it’s not just about the money. This is the vital X factor that will lead Jubilee to global giant status. Sometimes you just know when something is right and this is it.

There will be lots of days like this next year, RNS or not! The fundamentals here dictate a much higher share price, simple as that! Come on Jub’s.