There’s a straightforward financial dynamic about Jubilee Metals that the market hasn’t woken up to yet, according to chairman Colin Bird.
The company is generating around US$700,000 per month in operating cash flow from the treatment of old ore from South African platinum and chrome mines.
At the Hernic operation the most recent numbers show the company exceeding expectations by passing through a monthly production rate of 2,500 ounces of platinum group metals, including rhodium and palladium which have benefitted from strong prices this year.
Meanwhile, chrome production at the nearby DCM project is steady at around 9,500 tonnes of chromite per quarter while an expansion build out completes.
Jubilee Metals Group plc (LON:JLP) is a diversified metals recovery company, focusing on the reprocessing of historical mine waste and surface materials. Their projects in South Africa include the Hernic Platinum Project, DCM Platinum & Chrome Project and the PlatCro Platinum Project.