Member Info for TigerByTheTail

Hi Positive!
From the way Leon has described it, I think that initially Jubilee will simply toll-process regular copper ore from mines in Zambia / Congo at Sable. There seems to be a demand for that service in Zambia at the moment as various smelters and processing plants are closed for maintenance etc.
In the medium term, I'm sure that Jubilee are looking at reprocessing copper waste dumps. There are a lot of them, they are huge, and the older ones have impressive grades - people nowadays mine copper at those grades (let's say 0.5%+). But I'm guessing that involves building a plant in situ to upgrade the tailings before transporting them to Sable, which of course takes time and money.

Hi Mick-B!
IMO, you hit the nail square on the head. Here is the full Yeats quotation in all its fearsome glory:

"Turning and turning in the widening gyre
The falcon cannot hear the falconer;
Things fall apart; the centre cannot hold;
Mere anarchy is loosed upon the world,
The blood-dimmed tide is loosed, and everywhere
The ceremony of innocence is drowned;
The best lack all conviction, while the worst
Are full of passionate intensity."

Here is Leon Coetzer, CEO of Jubilee, giving a general progress update. Towards the end he flags up that there will be news regarding Kabwe/Sable in Zambia "soon". What news - who knows? But perhaps the Galileo offtake.
vimeo.com/358783393

Given the miserable share price, if I were Talaxis / Noble I'd start buying up Mkango shares.
Why fund the feasibility study and potentially the plant build in return for 50% or 75% of Songwe Hill, when for only a tiny bit more money you can buy up a substantial number of Mkango shares and own even more of Songwe Hill?
At this share price Talaxis / Noble might as well launch a full takeover bid. Given the cash in the company, making an offer (let's say at a 50% premium to current share price) would make a lot of sense.

Gold now up on the day, silver flat, but HOC down nearly 6%...
Either I'm missing something, or this drop is overdone and a buying opportunity. For better or for worse, I just went for the latter.

To sum up your post, "you lot stick to Jubilee Metals, but don't mind me and my idiotic Alt-right incel conspiracy theories and casual racism."
I'd say you're as bad as the vile Toobs, PGMB. But, of course, you are in fact Toobs. You really have no innate decency or even a sense of shame.

Senet are a great appointment - as good as it gets.
All in all, I wonder when the market wakes up to Mkango. The share price is wildly out of kilter with the true value of the business; especially considering Mkango is holding about 6.8p per share cash according to the recent accounts.

I could add that it's oddly comforting that Colin Bird (unlike many other mining executives) has a history of junking projects that he comes to believe will not prove commercially viable. Examples would be Concordia (here) and that Chilean gold mine (with XTR).

Hi Juxtapose!
Thanks for posting your research - it's fascinating.
When this share finally moves, the move will be violent in the extreme. The stock market can be brutal when it spots a distressed seller, or, inversely, when it spots shorters who desperately need to buy back in to close out a position.
As long as the silver price holds up, IMO this could go to 1,200p inside a few weeks.

Hi Zebediah!
Actually it's more like 125km, most of it paved main road. I'd reckon a truck can do two round trips in daylight a day with two drivers per truck. The zinc ore will be high grade, so you're not actually talking about moving a huge tonnage of dirt.
As for the JORC, it is an "inferred" resource, which is the lowest category of certainty in these things. The three categories are inferred, indicated and measured. Essentially, it is a question of how many drill holes have been sunk, and how far apart they are - the more information there is the higher the category of certainty.
That said, I'm relaxed about the Star Zinc JORC being only inferred for two reasons:
Firstly, it's clear that the high grade willemite has clearly defined edges and is, essentially, a massive zone of high grade ore. JORC measures this kind of deposit well. (In contrast, JORC often measures things like nuggety gold deposits inaccurately.)
Secondly, Galileo have access to a mass of historical drill results from the 1970s. These drills holes are not included in the JORC report (not allowed), but Galileo will have compared their own results against the historical holes, and used them as a double check.

Silver back in positive territory for the day after this morning's mini-plunge. Now about $18.70.
Hopefully the HOC share price should now follow silver back up.

Welcome back, Mr Tibbles!
Very glad you reconsidered.

Hi Shareminator!
Thanks for posting the comparison figures. I've noticed this weird "sluggishness" in HOC as well, but unfortunately I'm at a loss to explain it. I can't work out if this is a raging buying opportunity, or if I should be dumping the shares pronto.

Heritage = Vast have no license to mine diamonds, and no money to finance the start-up of operations if they had.
Also, Lee Morris's figures for the diamonds are completely speculative (i.e. plucked out of thin air), as not only there is no JORC, but no proper exploration work has been done on the proposed concession.
Finally, prices for the small low grade discoloured stones that are typical of the Marange diamonds fields have collapsed. The diamond market now is all about high grade fancy coloured gemstones, which Marange doesn't have.

Yes, Angus, I do.
By the way, if Lee is resident in the UK, then he may well have committed a criminal offence by touting that unregistered investment (Blueberry) to allcomers on these boards. If anybody was suckered in, they may wish to consult a lawyer as to whether they can seek recompense.
Blueberry is, of course, worthless. The drill results were awful. And Zagra isn't really much of a prospect either - too low grade.

Hi Toobs!
Actually, Jubilee must have a very healthy cash balance at the moment.
Not only are they generating free cash flow from all the South African projects, but they must still have most of the money they raised to put Kabwe / Sable in Zambia into operation - which is fully financed, before you ask.
So, the only possible reason for Jubilee to raise money (debt or equity) would be to finance a new purchase, which would thenincrease their earnings. If the purchase was earnings per share positive, then what would be the problem with that? (Though I'm not expecting such a purchase, management probably have enough on their hands right now).
Basically, admit it, you're toast. Closing your idiotic position now and taking your loss is probably the best thing to do.

Look out everybody - Lee Morris is posting! That usually means another placing is imminent.
(If Castaway joins in, that really means a pump and dump is underway).
Any new investors should note that Baita Plai mine can NOT be said to be on schedule to be opened this year, that it has unverified reserves, that it previously went bankrupt (despite its claimed enormous riches), and that an objective report from SRK on Baita Plai that was commissioned earlier this year has not been published by Vast. Add that lot together and you should get Vast's number.

Hi BigBangs!
I'm not trading the trend, but if anybody is buying, the time to do it is about 9.30am, and if anybody is selling (why?) the time to do it is 16.29pm. It's really quite a marked phenomenon.

***************************/jubilee-metals-holdings-plc-windsor-pgm-project-fully-operational/412792107

That's d i r e c t o r s t a l k i n t e r v i e w s .com (no spaces)

I'll take that non-denial as a confirmation, Toobs, just as politicians do. That makes you a fool who has just been parted with his money. That's as it should be. Did you really think the morons on the ADVFN board represented wider shareholder opinion? Poor, poor you (literally).
p.s. We know from Leon that Jubilee receive a majority (i.e. over 50%) of the earnings from Platcro PGMs (Eland). Nobody knows the running costs of the operation yet, not even Jubilee, but I would assume them to be similar to Hernic. The capital cost of the plant was covered by Northam (the JV partner). That should give you enough information to make a stab at projecting earnings from this project.