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JLP 2p - 40p

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JLP 2p - 40p

Post Mon Jun 15, 2015 11:12 am

JLP making a recovery from sub 2p tp where it belongs, double digit valuation. see chart!

MINING LICENCE imminent and soon after JV for its platinum mine (one of the largest in the world) with NPV around 800m
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Re: JLP 2p - 40p

Post Mon Jun 15, 2015 4:33 pm

What happened to your previous ramps like Beacon Hill Resources and Rose Petroleum???
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Location: Lost on the Range

Re: JLP 2p - 40p

Post Mon Jun 15, 2015 6:17 pm

This is being ramped across all the BBs at the moment..
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Re: JLP 2p - 40p

Post Mon Jun 22, 2015 4:20 pm

i suggest you do your own research and if you are happy, you buy. if you are not happy, dont buy. no need to follow me blindly.
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Re: JLP 2p - 40p

Post Tue Jun 23, 2015 10:48 am

It's best!
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Re: JLP 2p - 40p

Post Wed Jun 24, 2015 7:27 am

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Re: JLP 2p - 40p

Post Thu Jul 16, 2015 1:42 pm

NED, are you in JLP yet?

excellent RNS today and several more RNS coming soon

so RNS today confirmed 5.2m cash.
more cash will come around another 5m cash on Tjate licence confirmation (in a couple of weeks) . so cash alone around 11m. our mcap now around 15m.

JLP has two main assets:
- tailing project worth 120m
- Tjate project worth 1.7billion

AND, tailing project will generate profit around 21m per year (ie 210m for 10 years)
Tjate project (which we are expecting licence) worth 1.7billion.

now, is this not JLP very undervalued?? i would say YES
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Re: JLP 2p - 40p

Post Mon Oct 12, 2015 10:06 am

Tjate, one of the largest platinum/paladium mine in the world, about to be given mining licence to JLP, worth around $5bn

from lse:

many major producers are watching JLP like hawk, and as soon as licence is granted, we should see several offers?? AQP which has much higher operating cost already been snapped. JLP next??

while platinum price is at the bottom (but is now slowly recovering), palladium price has been increasing rapidly (palladium price was around $800 in 2011 and dropped below $600 recently and now around $700 and continue moving up).

as a reminder, JLP has huge platinum and palladium reserves.

JLP website: Tjate mine consists of two parts
: Merensky= 8m oz (54% Pt, 29% Pd)
: UGS = 14m oz (37% Pt, 36%Pd)

so, the deeper section (UGS) has 36% Palladium ie 14mx0.36= 5m oz and even the shallower section Merensky has 29% palladium.

so, our palladium amount is huge and will benefit for any rise in palladium price (which even more so now that many are preferring gasoline engine compared to diesel engine. (note: palladium is used in gasoline engine and platinum in diesel engine)

nevertheless, diesel engine will still be in demand (despite slight setback) .

and as a reminder,
the NPV of 1.7bn calculated in the website is only for Merensky (and not including UGS).
so, thats mean, if NPV 1.7bn for 8m in Merensky, then for UGS would be 1.7/8*14 = 2.98bn

so, total Merensky+UGS = 1.7+2.98 = 4.7bn

ie, Tjare project = NPV $4.7bn !

note (at the time of writing)
price platinum per oz = $912
price palladium per oz = $711

once licence is granted, hopefully many major platinum will be keen to tap on huge Tjare resources.
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