PUNT OF THE WEEK: Jubilee Metals processes other miner’s waste

PUNT OF THE WEEK: Jubilee Metals makes money by processing the waste produced by other mines

What is it? An AIM-listed company that processes and extracts metals from the waste produced by other mines, which is known as tailings.

It has projects in South Africa and Zambia.

What’s the latest? It had its licence for its major project in Zambia, Kabwe, extended by 10 years.

It now expects to start producing copper there within the next few months.

Who backs it? Senior staff are some of the biggest investors, while Canaccord Genuity is the largest shareholder – with an 11.6 per cent stake.

Why should you invest? John Meyer, a mining analyst at SP Angel, says: ‘The management know what they are doing and have the expertise to produce copper for very little capital outlay.

‘Copper prices are also likely to continue to rise.’

And why you shouldn’t But, Meyer adds: ‘Metal prices can go down as well as up – and issues between mining companies Vedanta and Glencore and the Zambian government may put off investors.’

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