Bluejay Mining Share Discussion Threads

[gersemi] 23/3/2018 20:35

Greenland is in demand. It's becoming a strategic asset for both the two major superpowers. It's all getting interesting, very interesting indeed

[albanylad1] 23/3/2018 20:20

I also topped up today and cannot add my ISA again until April, so I don't mind another couple of weeks delay. I would prefer to see a gradual steady increase in share price although there is a potential bid from competitors when the JORC is released and you can never be sure who the banks are buying for.

[snowyflake] 23/3/2018 16:27

A good place to study what the company has under licence is found on the company's website under Dundas Ilmenite and of that, under GEUS DOCUMENTS the link for which is in the header above as well as in that section of the company's website.

The first 1-10 pages of the Geus report will assist. Whatever the total that there may be at present (subject to replenishment from sills in the future), that should keep everyone interested from those processors who want to buy it to those like me who look to either a capital gain in the future or an ongoing source of income depending which route the board decides to take.

[sheep_herder] 23/3/2018 16:12

I think in the last video posted he said over 100 years but I could be mistaken. He definitely said longer than our lifetimes.

But I guess the point I was getting at is is this a difficult resource to estimate. And as such is that a reason it might be delayed. Or will they just say we have X tonnes on the beach and keep it simple.

[statto1] 23/3/2018 15:54

From what I understand “60 years or so” is based on what they have in situ and it would be difficult to estimate replenishment rates before anything has been extracted.

I for one would also be quite happy if we are waiting til April as I’ll be topping up ISAs all round.

[shutittrev] 23/3/2018 15:30

Sheep_Herder, that is an excellent question and one that I hope the more informed posters on here can hopefully answer. Rod stated in his last presentation a life of around 60 years or so. I assume some sort of 'replenishment calculation' was used?

[bigboyblue] 23/3/2018 15:28

The RNS was Mon 10th April. Last year the JORC was projected for Q1 but just missed it. Rod did say in the recent presentation that it should be Q1 this year but he didn't sound 100%. I hope it happens next week but what I'm saying is, if it goes into April let's not get too het up about it. Like Rampair says, the ilmenite will still be there.

[sheep_herder] 23/3/2018 15:24

So one question I have for this JORC, how do you estimate the size of a resource that replenishes itself every year? Have they ever said how much they can mine each year without reducing the resource?

[statto1] 23/3/2018 10:52

Correct me if I’m wrong but wasn’t the long-awaited results of the maiden JORC broken on a Sunday evening by The Telegraph, followed up with an RNS on Monday? Given it is due this month and our CEO isn’t one to waste the opportunity for free publicity, if, as expected, we are now confirmed as sitting on the world’s largest and purest ilmenite deposit then I am sure one of the Sunday papers would like to break that news.

This will be the final JORC on Dundas and Bluejay will want to make the most of it.

Roll on Sunday night!

[rampair] 23/3/2018 09:05

Hello MM, it’s a wait, but, it’s also big prize. As I’m holding regardless, & there’s nothing I can do.

Next year for Lent, I’m giving up chocolate!

R.

[thebigchap] 23/3/2018 08:51

just added also.

[moreminer] 23/3/2018 08:47

Good morning Bunny,
Its been quite a nailbiting wait.
And today we will just cobble along..........
We'll perhaps after Sunday comes Monday.
Just a thought.
Good weekend, Bugs

[rampair] 23/3/2018 08:36

Achingly close I’m sure, when the MD did the recent presentation, he seemed to imply
the results would be soon. So, I’m fairly sure they will turn up! - but really, the Ilmenite is still there - in fact, after the Winter the Glacier will have ground down even more of the stuff!
Whilst I realise this isn’t much of a help - in a normal company 2 major Banks adding 5%each would be great.
So, We go about our weekends, knowing that if we get bored, there’s always someone happy to take the shares ...and they will almost certainly make money ..imho.

Personally, just added a few.(Not advice!)

Good luck us.

R.

[bjlk] 23/3/2018 08:12

We have to be so close to news now surely....

[summerfield1] 22/3/2018 16:51

SP Is being held back imo.Get away from AIM asap!

[gersemi] 22/3/2018 09:31

Come on JAY,let's have news!

[sheep_herder] 22/3/2018 08:24

Sorry chaps, just pushed the price up. :-)

Edit: I think I just joined the 'balls deep' club. Excited to see that JORC along with everyone else.

[moreminer] 22/3/2018 08:01

Wise words indeed Bugs Bunny!
On to Easter it is then!
MM

[rampair] 22/3/2018 07:51

Yes, I keep trying to work out the impossible too! You have to imagine a pure high quality feedstock would command a premium.
I do fancy being pert of a company building up though, it’s nice to get a big price all at once, but the idea of a long dividend stream is appealing. Settle for a JORC for Easter!
R.

[gersemi] 22/3/2018 07:40

Yes, the size and grade of JAY's acreage should command a far higher price, he says optimistically

[rampair] 22/3/2018 07:38

The basic difference between Sulphate and Chloride process is that the Chloride process is seen as cleaner - the Chlorine is recovered back after use.

Sulphide producers have done a lot to clean up their process but a lot of new processes are coming into the market. Some are Variations of the Chloride process using less energy.

However they need/ prefer a good quality feedstock to start.

R

[rampair] 22/3/2018 07:31

Note that it was to feed their sulfate
operations - so possibly lower grade ilmenite/ that and the fact they got iron concentrate as well (Lomons acquisition)

[gersemi] 22/3/2018 07:12

Ironbark and Greenland Mins-Energy in the news today as well. Both Greenland based and both gearing up their major operations - all with Chinese partners and funding

[thebigchap] 22/3/2018 05:56

we really need disko hived off asap!