Jubilee Metals Group (JLP) - Tailings at Scale, Mining Investment without the Risk
Matthew Gordon, Ptolemy Capital
3 Months ago
The major issue for Jubilee Metals has been the lack of growth with their share price, which has partly been caused by investors not quite seeing the sexiness in a small-scale tailings story. It's been as high as £0.65 in early 2017 but has been hovering around the c.£0.35 doldrums in recent months.
HOWEVER, Coetzer is changing this. The company has announced a 150Mt copper tailings processing project. Originally, Jubilee Metals was a service provider; now, it's an owner. Due to balance sheet restrictions that all startups suffer under, it had been targeting relatively small-scale tailings operations, but today, Coetzer is delighted to explain that things are going to be changing.
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