Member Info for Northman1

If the are only clearing 18000 tons of historic tailings a month then surely the will need either a new plant or expand inyoni again as will take best part of 100 years to process the 1.45 million tons of tailings at windsor let alone the new eastern limb tailings.

so is it the case the material will now need to be shipped to Inyoni in order for it to be processed as and when capacity allows?

HSBC seem to be bailing out, seems a bit odd.

How can it cease I thought we owned the taillings? I can understand if we've lost the use of the plant but surely we still have the 1.45Mt of tailings?

What is going on with the Windsor PGM project, I can find no mention of any progress/lack of in anything except the year end results (end 2020) that mentioned a planned shutdown in December. Has this not restarted? If not why not and if so then why no mention of the ozs produced from it in the 6 monthly results?
anyone have more info?

Do we have any numbers on the Zinc/Lead production would as when these circuits get up and running.

As an aside I think from a PR point of view Jubilee cleaning up the most polluted town on the planet once these circuits are online will be worth a fortune and will encourage other mining companies to want to be associated with us for their own tailings.

I was very please with the 6 month update. I confess I'm a little baffled by the response from the market, at its most basic the fact that we're now earning 40 million per 6 month, so 80 million a year should have led to a decent rise I would have thought.
I confess to being a bit surprised that they intend to truck from the eastern Limb, I'd hoped that the plan was to access more tailing their which would require a new facility, but maybe this will alter with futures deals. I assume they must at least be setting up a beneficiation facility on the eastern limb they can't truck the full tailings surely?
I didn't see anything about the zinc circuit at Sable either which as I understood it should have been coming online around now?
But anyway well done Jubilee another stonking 6 mmonths

I agree its all looking very good. I'm very glad we're concentrating on this now rather than wasting time and money on the oil.

The sticking points here are how we can define a resource its going to be quite difficult I would l think with these chunky deposits. Its all looking good though. Thule will be a great resource as well but a part of me does wonder if we should just sell that to Bluejay and use the money to concentrate on the graphite project which could/should be massive on a global scale

Not exactly comparing apples with apples. GGP has market cap of 750 million. This despite not even having a jorc resource. granted its got some great drill results 1/2 km underground which they are already digging for, it does amaze me that its got that valuation without an indicated resource. to warrant that MCAP it will need to be many 10's millions of ounces. It obviously gets a bit of a premium for being a very safe jurisdiction I guess.

In general its a positive RNS, still a lot of work to do on the ASIC, if that's possible. If they can make their guidance on the ASIC I think it will be close to the top end rather than the bottom so something they will need to keep working on into next year. Remembering that this mine was planned on a $1200 dollar gold price and $790 ASIC its lucky the gold price is still strong or we would be well in the hole by now.
If we continue as is we should end the year with around 35 million in cash in the bank (not sure if this is after capex for drilling or not?) which would make the current market cap obviously ridiculous. I don't know if investors are just waiting for a decent mine life extension, the sooner we can get this at least out another 5 years or so the better we know the gold is there to do it.

Presumably we're hoping for the Q2 sometime this week based on the Q1 RNS, but based on last year could be mid August.

Why would it? Sub saharan Africa is not the big consumer of these metals. If anything the impact would be to reduce availability which would increase prices would it not?

OK thanks will check back in a month or 2

whats going on with this? if I have AIM listed RMP shares are these going to be converted at some point or are they effectively gone now? I have HL account with them in that not really telling me anything?

I don't think communications is BMV's stong point unfortunately or PR in general as their very out of date and barely functional website attests to. Its a damn good project though and thats the only reason I'm here

Ignore me just found the reference that it was moved to the other project. I guess we'll go back to DCM at some other time in the future

Does anyone know whats happened to this. weirdly its not on the project list directly from the website but is still there if you go direct to page. It seemed to be going OK back in 2019 but seems to have all gone quiet since then, but presumably we still have it?

Not a huge a addition of tailings, really but more good news and more important is there other projects coming stream on time and on budget which in the middle of a pandemic is impressive to say the least.

Be nice if the chrome price increased a bit as we're churning out so much of it.

Not to worried about the exact minority share as we're only talking about an addition 12,000oz platinum total anyway from the new tailings. I'm hoping this is a first step to adding new tailings from new suppliers if other mine owners see they can also be enriched by enlisting Jubilee. I'd rather t have 51% of a lot than 90% of not very much

weird trade at 43p well below bid/ask

I'm a little surprised they didn't just sell Thule to Blue jay to add to their reserves and therefore only requiring on port set of equipment etc. Then use those proceeds to advance the graphite which I think is where the real money is.