Bluejay Mining Share Discussion Threads

[thebigchap] 22/2/2018 08:41

well done lads makes for some good reading.

[gersemi] 22/2/2018 08:18

Good find Rampair

Looking good for Dundas's high grade ilmenite -

'The mood was upbeat at the conference, held on November 13-15, with TiO2 producers noting the increase in pigment prices compared with last year, and with many mineral sand producers confident that the market strength would continue to come through into feedstock demand.

But a particular bottleneck was seen in the production of titanium slag, the high-purity feedstock which is likely to be increasingly favored for chloride-route TiO2 production.

Chloride-route TiO2 production is considered to be less polluting, and the result has traditionally been viewed as a higher-quality product.

A number of attendees and speakers at the conference downplayed the importance of TiO2 quality for end-consumers in the current market, which is marked by shortages and a scramble for short-term supply.

But the Chinese government remains committed to chloride-route production, with an effective ban on new sulfate-route capacity in the years ahead.

And as a number of attendees pointed out to Industrial Minerals, this means that titanium slag production will have to increase.

"There is plenty of mineral sands around," one senior employee at a TiO2 producer told Industrial Minerals. "But high-grade ilmenite… and rutile - not so much."

This shortfall in natural chloride route feedstocks is likely to drive sharply higher demand for chloride slag.'

[rampair] 22/2/2018 08:11

From Lomons press release! Excellent news for Dundas. Our type of Ilmenite is ideal for this process.

Jiaozuo, Henan Province China, 20 February 2018: The Board of Directors at Lomon Billions has approved an estimated CYN 1.8billion (~US$ 285million) investment in the construction of two new chloride TiO2 manufacturing lines at its existing chloride production site in Jiaozuo, Henan Province, China. The two new lines will provide an additional annual chloride TiO2 pigment capacity of around 200,000 tons. Feasibility and engineering studies and extensive preapproval works have already been completed and all external approvals are in place. Commercial production from the new lines is expected during 2019.

This investment in additional chloride capacity will allow Lomon Billions to increase its chloride TiO2 pigment portfolio to manufacture more high-performance chloride TiO2 pigments for a wider range of applications and will strengthen the company’s global competitiveness.

R.

[gersemi] 22/2/2018 06:05

It's almost impossible to know that there's a seller at 24p. It could equally be a buy order filling at 24p only to be reported when the order is filled. Looking at the strength of the price in the last 3 weeks or so I would humbly suggest we have someone accumulating, though not aggressively, around this price area

If there is a seller at 24p then considering we are now at 25p bid that may suggest we have a determined buyer

Either way the fundamentals of both the company and at sector level are in our favour

[thebigchap] 22/2/2018 05:47

maybe had a messy divorce settlement to square up! why else jump ship at this pivotal time with so much potentialy great news due.

[luckykids] 21/2/2018 18:20

Looks like big seller @ 24 p. may have gone as 2.7 mill gone thru in two trades at 8:30 today

[thebigchap] 21/2/2018 13:54

things are certainly hotting up today and yesterday, there must be something in the wind!

[thebigchap] 21/2/2018 13:52

Ah yes I see it, strange policy to buy on peaks?

[davroc] 20/2/2018 15:43

Big chap. Look at post 2025. All will be revealed.

[shutittrev] 20/2/2018 14:29

Somebody had a 6666 punt st 14.13....any takers? Not me, I bought my last 6666 batch at around the 26 mark a few weeks back.

[presto77] 20/2/2018 14:21

Loofa in da bath!

agree

nearly 6666 o clock

[shutittrev] 20/2/2018 14:18

Not a million miles away from 6666 territory. Just saying like.

[snowyflake] 20/2/2018 13:20

More hygienic for the Beluga whales than a loofah, Rampair.

[rampair] 20/2/2018 13:10

We are fortunate that the main area of Melville Bay where a ban on Hunting ( certainly of Narwhal & Beluga whale)is in place, lies to the South of Pituffik/Dundas. It’s because the Whale
seem to like the freshwater runoff into the cold Arctic water.Also the Beluga use the area for removing old skin on icebergs
This was presented at a conference in Oregon/Washington uni & i will save 10 minutes
of your life by Not putting a link!!

R.

[minder5] 20/2/2018 11:15

This caught my eye earlier this month. The Northeast Passage is the wrong side of the country for the Pituffik licence, but if the weather conditions and sea ice are developing in similar ways, it bodes well for the passage of ships across Baffin Bay at any time of the year. It may also avoid difficulties with cetacean migration clashing with shipping.

[gersemi] 20/2/2018 10:35

25.18 paid - above offer for size

she's itching to break upwards..volume needed!

[gersemi] 16/2/2018 22:43

Rise in ilmenite prices to continue after Chinese new year

By Cameron Perks
Published: Thursday, 15 February 2018

Ilmenite prices are expected to continue rising in China after the lunar new year celebrations.

Ilmenite prices have risen in the lead-up to the lunar new year celebration period, and are tipped to rise again in China amid environmental crackdowns and strong demand for titanium dioxide.

Beijing’s drive to eliminate inefficient and polluting industries has led to a near-global restructuring of the steel industry, and...



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[sheep_herder] 16/2/2018 15:23

OK, thanks. Will be an interesting few months.

[monts12] 16/2/2018 14:45

Herder
further funding will be needed. However, I believe that rather than further diluting existing investors, the company will strike some kind of deal with future off take partners...perhaps accept a lower margin for an agreed term in return for payment of capex costs to build the facility?

[sheep_herder] 16/2/2018 13:44

monts, thanks. From what people have posted here regarding the lack of investment in mining ilmenite, I think I agree that a bigger company with a shortfall in future production would be very interested. However, given the ease at which this can be "mined", or scooped up, the barriers to entry are tiny compared to a more traditional mining set up. I guess that plays a positive role in the company being able to recognise a large markup on the sale of the whole project because thay can always walk away from lowball offers and be in full production in a short time.

Is that recent placing enough to get to full production with no further dilution? Edit: the placing RNS uses wording like "advancing Dundas towards production" and I can't work out if further funding is needed.