Any holders out there - there's some buying going on.....

Queen1 -Thanks for the informative post. Considering the good market the shares have been in recently, they have not fallen as much as I would have expected after GFMS statement. I am inclined to hold and add again if stock falls back nearer to 100p. There is always the danger of being out of the stock if an offer is made for the Company. Moreover, this may become more likely if the share price weakens.

Don't forget, Jubilee is still trading well below its estimated NAV of 170p.

TheFrenchConnection - I read the statement a little more positively and the fact that the surplus is not seen as bearish is encouraging.

Guscavalier - My pleasure. I'm not too sure of my thoughts re a possible takeover but if that's a possibility that another reason to hold.

chad - Agreed. Let's see if this was a minor correction on a journey nearer to that figure.

This looks like an opportunity level to buy.

Indeed. There was bound to be some profit taking after such a great rise.

What's everyone's views concerning the price of platinum? I read an article recently that siad there's going to be a small surplus this year, but if you take into account the demand created by ETF's (exchange traded funds) there's actually going to be a shortfall.

I still think that it's a strong market chad and JLP is in a great position to benefit in the medium-to-longer term (assuming it maintains its independence).

As far as I am aware JLP has yet to produce a single ounce of platinum and is unlikely to do so for a few years so the current price of platinum is irrelevent. The share price is totally dependant on one of the big mining houses either buying into Tjate or taking over JLP.

Either of which is extremely likely halifax, IMO.

What's happened to these today? :-(

Looking at the trade sizes, probably many short term investors are rushing to take some profit given recent strong performance. Bid speculation has surrounded this one and the lack of any corporate news has encouraged the weakness. Will be interesting to see what level sp is supported but, a situation to add to for the longer term holder below 100p, in my opinion queen1

Agreed, Guscavalier. This is just hot money leaving after a quick buck, no need to worry.

Evening all. Am not a holder as such, but I do have a holding in AMBR, which in turn owns almost 10% of JLP. Thanks, Gus for your last comment, as I agree that the drop is likely to be due to profit-takers. Support has to be out there somewhere, and I shall be watching with interest to see what happens, probably with a view to taking a trading position in AMBR to add to my long-term holding.

Good luck to all.

At this level, it was a great opportunity for me to add on today at 107p

Thanks Guscavalier. I have to admit that I sold a third of my holding today as I was a little unnerved by the fall. I've actually trebled my money on my original stake so today's sale just realised my initial investment. The remaining two-thirds are a free ride - northwards I hope!

London Stock Exchange - 24th May 2007

Expert predicts continued boom in commodities


A fund manager at JP Morgan is predicting that the ongoing boom in commodities is likely to continue ahead in the coming future.

Ian Henderson argues that the future investment potential of commodities remains strong, highlighting lucrative opportunities in precious metals as well as resources such as uranium and platinum.

Mr Henderson highlights strong demand for gold in China, a relatively new market, while Platinum continues to be in demand as a key element in catalytic converters. Uranium is seen as an environmentally-friendly source of electricity generation, compared with coal, and therefore is also in demand.

"It's just a matter of looking for the right opportunities and diversifying the portfolio accordingly," he explained.

"Just a few years ago we wouldnt have touched uranium but now we can see a clear market demand and short supply."

Commodities prices recently posted a decline across markets, fuelling speculation of an end to the commodities boom.

Well, if Gordon Brown builds some new nuclear plants, then long-term demand for Uranium will be assured!

Good solid interest now with sp at 125p. Well timed purchase hyleo98. Be interesting to see what trades there are later in the day.

JLP will go to 200p as fair value with regards to its being well placed to benefit from strong Platinum fundermentals and from the possibility of further consolidation in the sector. Despite strong run believe more upside to come- BUY

Jubilee Platinum PLC
06 June 2007

Jubilee Platinum Plc

('Jubilee' or 'the Company')


Positive Scoping Study Completed For The Tjate Project

Jubilee is pleased to announce the completion of a scoping study ('the Scoping Study') on Tjate Platinum Corporation Pty (Ltd)'s flagship platinum group metal ('PGM') Tjate property ('Tjate' or 'the Project'), located in South Africa's western Bushveld.

The Scoping Study, which was carried out over approximately 15% of the total Project area, demonstrates robust economics, showing a positive base case internal rate of return of 22% for an initial investment of US$400 million. The Scoping Study scenario outlined below, one of several considered, is for a stand-alone underground mine, producing annually 262,000 ounces PGMs plus gold. The mining scenario considered is for a single vertical shaft system to a depth of 1100 metres and initially mining only Merensky reef.

The Scoping Study was developed in conjunction with independent consultants, Snowden Mining Industry Consultants, a member of the Snowden Group of international mining consultants.


Scoping Study Highlights:

Tjate mine to produce annually 262,000 oz (PGMs + gold)
Internal rate of return (IRR) of 22% after tax
Net present value (NPV) of US$292 million after tax using a discount rate of 10%
US$400 million implementation capital investment (ZAR3 billion)
Metal prices discounted over current prices
Only 15% of Tjate project area studied

Key Scoping Study Assumptions:
Run of mine grade 5.2 grams per tonne (g/t) 4E (platinum, palladium, rhodium & gold); 0.22% nickel; 0.13% copper

Resource 34 million tonnes

Milling rate 1.8 million tonnes per year

Life of mine 18 years (full production)

Operating cash cost US$45/tonne

Implementation capital U$400 million


Metal prices

4E basket US$893/oz (5% weighted average discount over current
prices)

Nickel US$20,000/t (40% discount)

Copper US$5,000/t (67% discount)

Colin Bird, CEO of Jubilee, commented, 'We are delighted to have completed a
positive Scoping Study for the Tjate Project, which indicates a very favourable
return for Tjate developed as a stand-alone mine. As we now move towards the
preparation of a bankable feasibility study, engineering optimisation should
continue to improve the Project's economic returns.

'It is also very positive to note that this Scoping Study is based upon a resource of 34 million tonnes, representing only a small proportion (about 15%) of the total Tjate Project area. Therefore, considerable scope exists downdip of and laterally from the current resource area and we believe there to be excellent potential for further significant production expansion.'

Notes to editors:

The Tjate project comprises three contiguous farms, totaling 5,143 hectares in the eastern Bushveld: namely Dsjate, Fernkloof and Quartz Hill. The farms are downdip of Impala Platinum's operating Marula platinum mine and of Anglo Platinum's developing Twickenham platinum mine. Jubilee has recently completed the first phase drilling of seven boreholes on the Dsjate farm. All the holes, as previously reported, intersected at targeted depths the Merensky reef and, where drilled deeper, the UG2 reef. These two reefs are the two main PGM-bearing horizons in the Bushveld.