Shard Capital updates Jubilee Platinum note now that production commences

After a decade of steady working, JLP is now a mineral producer. This is no mean feat in the best of times. With a company-projected US$14m pa profit margin, we don’t expect further calls on shareholders during this phase of operations. Organic growth is certainly possible. The company has built its first mineral production capacity and now has finance for a second, larger facility. Chrome concentrate is already flowing and concentrate containing Platinum Group Metals (PGMs) is expected from the second facility in Q4 2016.

Please click here to download the full update note.

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