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

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.

After hours GE&CR published a detailed note on Jubilee Platinum* (JLP) lifting its price target from 216p to 294p. The shares added 0.5p to 114p during market hours but should open strongly on Tuesday as the time is digested.

GE&CR upgrade on Jubilee Platinum

In our last major note on Jubilee Platinum published two years ago we valued shares in the AIM listed mining exploration and development company, then at 27.75p, at 216p. Since then the company has made remarkable progress on the ground at its Tjate Platinum Group Metals property in South Africa and on a number of PGM, Gold and base metals prospects in Madagascar Jubilee has also made great steps over the past two years to fund the development of its projects without diluting shareholders by bring in a number of joint venture partners to and exploration work in Madagascar. On that basis we are increasing our estimate of the fair value of Jubilee Platinum to 294p and, at 114p, our stance remains buy. Jubilee has made significant progress across its portfolio of properties during the last twelve months, but the key driver of value has been the exploration and development progress achieved at Tjate project. Over the past year Jubilee has increased its interest in Tjate from 35% to 48% and has an option to purchase a further 15% interest for ZAR75 million subject to Government approval. The Tjate property is thought to contain an inferred resource of 65 million oz of 5 platinum group elements (Platinum Pt, Palladium Pd, Rhodium Rh, Iridium Ir, and Ruthenium Ru) and gold (Au), of which 31 million are attributable to Jubilee, and this could potentially increase to 41 million ounces, once the15% interest option is exercised. Jubilee is now driving the property to a Bankable Feasibility study.

Over the past year, Jubilee has also obtained a dual listing of its shares on the Johannesburg Stock Exchange Ltd (JSE). This gives the opportunity for South African investors to invest in Jubilee and this fresh buying interest has, we believe, accelerated the re-rating of Jubilees share price and that momentum will be maintained if Jubilee continues to deliver a positive newsflow.

In Madagascar, Jubilee has continued its exploration efforts in developing three potentially world class nickel/copper/platinum group metal (PGM) assets. Jubilee has six 10-year exploration permits covering more than 100,000 hectares of PGM-nickel-copper prospective concessions. Its three key properties are located in north central and southern eastern Madagascar: Londokomanana, Ambodilafa and Lanjamina regions. The company has successfully negotiated a US$10 million of funding through a joint venture with TransAsia Minerals Ltd over a period of three years, to explore further recently defined electromagnetic geophysical anomalies in the Londokomanana and Itsindro nickel/copper prospects, a significant farm in deal with Impala Platinum and further farm out deals are, we believe, likely.

Our new sum-of-parts valuation for Jubilee is 566 million. Of this 320 million is attributable mainly to Tjate, 244 million to Madagascar, and net cash of 2.7 million. On a fully diluted basis, assuming that all warrants are exercised and that further shares are issued to develop an underground mine at Tjate this equates to 294p per share. This valuation could be increased by a further 50p (96.33 million) if Jubilee increases its stake at Jubilee from 48% to 63%. Any further risk/cost sharing corporate agreement or farm in deal could dramatically reduce our heavily risk-weighted valuation and offers additional upside potential. With a solid balance sheet, a highly credible management team and the prospect of more exciting news on corporate and exploration fronts likely over the next coming year, the shares at 114p, are a buy with a target price of 294p.

--------------------------------------------------------------------------------

Very positive note hyleo98. The reasoning for a 294 target seems sound so let's hope time takes us there!

Three Attractive Scenarios For The Future

Jubilee Platinums chief executive Colin Bird is in an upbeat mood. The price of platinum is rising, and so is Jubilees share price. And the reasons arent hard to find. Theres stacks of corporate activity on the Bushveld, says Mr Bird, theres the Chinese looking for positions, the Japanese are looking for positions Whats more, the fundamentals for platinum are strong, and theres been plenty of M&A activity in the space in the past six months.

http://www.minesite.com/nc/minews/singlenews/article/jubilee-platinum-has-three-attractive-scenarios-for-the-future/41.html