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JAY Bluejay Mining Plc

0.34
0.00 (0.00%)
Last Updated: 08:00:16
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Bluejay Mining Plc LSE:JAY London Ordinary Share GB00BFD3VF20 ORD 0.01P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.34 0.33 0.35 0.34 0.325 0.34 1,858,693 08:00:16
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Metal Mining Services 0 1.67M 0.0014 2.43 4.07M
Bluejay Mining Plc is listed in the Metal Mining Services sector of the London Stock Exchange with ticker JAY. The last closing price for Bluejay Mining was 0.34p. Over the last year, Bluejay Mining shares have traded in a share price range of 0.325p to 3.60p.

Bluejay Mining currently has 1,195,885,079 shares in issue. The market capitalisation of Bluejay Mining is £4.07 million. Bluejay Mining has a price to earnings ratio (PE ratio) of 2.43.

Bluejay Mining Share Discussion Threads

Showing 3201 to 3223 of 12175 messages
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DateSubjectAuthorDiscuss
07/5/2018
18:43
Good article Aravali. Thanks.R.
rampair
04/5/2018
16:35
Good evening Rampair



this was posted on 3iii on the Alba site, looks as if Bluejay could be on a roll

sorry ,doesn't seem to come up but u will prob know already, have a good weekend B

25wbh
04/5/2018
12:08
I think, Longrod, there are great hopes for the Ilmenite that’s drowned - most of the
Titanium has been found in the sub 2mm but greater than 60 microns and the Sea has winnowed the grains right down, I expect the grades to be better than Land.
The Delta should provide a decent,constant supply.

All good!
R.

rampair
04/5/2018
10:58
Rampair

If you look carefully at the leading edge of the delta in that youtube video at around 4 minute mark you will see a black face on it. That’s all heavy minerals maybe??!!

Water is clear.

longrod
02/5/2018
21:40
100m tonnes or 160m tonnes or 1b tonnes, the numbers start to become meaningless. The concentration of ilmenite in the black sands will inform the margin as the cost of recovery will reduce but it's irrelevant without the exploitation licence. Which is why the share price didn't budge at all when the Jorc statement was released. Only healthy progress on the regulatory requirements for the exploitation licence will move us on.
minder5
02/5/2018
19:53
Thank you Rampair.

Vast.

snowyflake
02/5/2018
18:55
A very good point shavian, this is an enormous licence that Greenland has entrusted to
Bluejay.
Everyone in mining involved in Greenland knows that Disko is expected to be one of the biggest prospects for the Country.After all a rock from here is the centrepiece of the exhibitions at the Copenhagen Mineral Museum.

Meanwhile, a video on You Tube. 15minute silent film that gives an idea as a Film from an aircraft of what a beach containing an estimated 1,000,000,000 tons of Ilmenite
looks like.

Enjoy.

rampair
02/5/2018
13:25
I'd say the way forward is to Jv Disco with a major to avoid dilution and crack on with Dundas to get into profitability quickly
shavian
02/5/2018
08:33
Good points minder - thanks for the reminder of the sampling allowance.
snowyflake
02/5/2018
08:19
‘The Company will shortly announce its 2018 work programmes for both Disko and Dundas and looks forward to providing these details in due course.’

Looking forward to these updates. Will be interesting to see if we get an updated timeline too. The completion of the EIA requires further surveys in this years field season which will push completion of the exploitation licence to Q4 imo.

Worth noting that the exploration licence gives the company the right to remove up to 50,000 tonnes for sampling.

minder5
02/5/2018
07:50
Either way, it's encouraging to see our BoD getting on with it. If anyone needs reassuring about that, they should look at the stark contrast with today's RNS from Another Company with interests in Greenland, which amounts to some pretty vague plans for the year ahead.
bigboyblue
02/5/2018
06:58
Disko is potentially worth multiples of pitufffik. If anything, the ilmenite project will be divested to allow focus on the nickel, copper, cobalt project at a time when demand for the recourses is set to explode.
minder5
02/5/2018
06:53
sell Disko? why on earth would we do that? since when did we start choosing the easy path?
thebigchap
02/5/2018
06:33
The way forward is easy. Divest Disko and focus on our ilmenite projects....
gersemi
02/5/2018
06:31
Bluejay Mining plc, the AIM and FSE listed company with projects in Greenland and Finland, is pleased to announce that it has further increased its land package for the Disko-Nuussuaq Magmatic Massive Sulphide ('MMS') Nickel-Copper-Platinum Project ('Disko' or the 'Project') in south-west Greenland by an additional 1,616km2. The Project now comprises a total of 2,586km2. The area under license at Disko is now approximately the size of the country of Luxembourg and we have secured this additional acreage following positive results from recently completed internal studies. To view the press release with the illustrative maps and diagrams please use the following link:











Bluejay CEO Roderick McIllree said, "This increase in licence grant almost doubles our landholding at Disko, which has clear similarities to other great MMS systems of the world. We believe in the geological model defined by several majors before us and will work to unlock value here during 2018.





"We have several parties interested in partnering with us on this project and we will carefully evaluate these individually to determine the best way forward for shareholders. Work will focus on developing drill targets in the newly enlarged project and will run in parallel to our primary development work at the Dundas Ilmenite Project ("Dundas"), which due to its close proximity makes implementing two development programmes very cost effective.





"With production approaching at Dundas, and significant further upside from Disko, we have a valuable portfolio that strongly positions us for long term growth."





About Disko





Located on the south-west coast of Greenland, Disko has shown its potential to host mineralisation similar to the nickel/copper sulphide mine Norilsk-Talnakh located in northern Russia. Seven significant MMS targets have been identified to-date at the licence area, with the largest being 5.9km long by 1.1km wide. A 28t boulder assaying 6.9% nickel, 3.7% copper, 0.6% cobalt and 2g/t platinum group metals has also been discovered on the licence area, which is now displayed in the foyer of the Danish Geological Museum in Copenhagen, further highlighting the potential of these licences.





A surface sampling programme in 2017 confirmed a working sulphide system at Disko with initial chemical assays in oxidised surface material returning 2.02% nickel, 0.8% copper, 0.2% cobalt. Handheld XRF sampling on fresh, polished material returned values averaging between 4.6%-9.3% nickel & 1.5-2.8% copper. Fresh samples taken from outcrops confirmed characteristics indicative of large scale Ni-Cu-Co-PGE sulphide segregation and course grained inter-locking crystals of metal sulphides were observed in hand specimens with an average size of +15cm. Further details of the exploration work conducted at Disko are set out in the Company's announcement of 8 December 2017.





The Company will shortly announce its 2018 work programmes for both Disko and Dundas and looks forward to providing these details in due course.





Figure 1. New licence areas at Disko shown in red - See PDF

thebigchap
02/5/2018
06:08
Greenland lottery - Congratulations! You've won 2 lucky dips"We have several parties interested in partnering with us on this project and we will carefully evaluate these individually to determine the best way forward for shareholders."
maccamcd
02/5/2018
05:07
Strandline doing the business with their Tanzanian mineral sands project - 100% offtake - someone's desperate for it
gersemi
02/5/2018
00:15
If anyone is interested in the Timetable of events regarding what’s going to happen and in what order then please consult this presentation given in October.

I would add a few months here and there, consultants often have to re write and I can imagine the last RNS took a bit of effort just getting the various parties to agree on.
Spare a thought for management, steering a course through it all!
Page 29 gives a reasonable idea of what must be imminent. Also interesting is the Engineering flowsheet.

rampair
01/5/2018
20:53
Rod McIllree has a lot of experience, together with colleagues, as the former ceo of Greenland Minerals in matters Greenland and in dealing with the authorities; details are available in the public domain.

Despite that experience and however good any ceo's relations with the authotities may be, the right steps still have to be taken such as the SIA EIA and a DFS. If it were otherwise any old company would expect preferential treatment and the Greenland mining industry would not only suffer but would soon not be fit for purpose.

My instinct tells me that we will get the exploitation licence but that were there to be an offer by a much larger company, that with all the due diligence by the various departments within the bidder, would not come until after the grant of the exploitation licence.

What would I personally prefer - take out or retention? I can see the board seeking to retain Dundas as a going concern. I can see good profits and dividends being possible; perhaps probable on curent evidence (JORC and GEUS). Further, retention by the board might suit the larger end user companies in any event knowing that trusted and experienced management is retained to make sure product is available in what is after all a rather difficult environment rather than having to train people themselves to manage and produce with the assistance of locals.

I would value an income stream from a trusted management, knowing that management's interests are aligned with pis.

Even if Dundas were retained by the existing management, where various members of the board have a lot of skin in the game, Rod McIllree, as an experienced geologist, can continue to explore and then hopefully exploit Disko and the other assets which the company. However, as he said in the recent videoed interview, the company would need a partner to support the financial requirements needed to explore and exploit Disko. Disko could after all be a greater asset than Dundas in due course.

I would however like to see the SIA and EIA completed asap with the DFS following as soon as possible thereafter. I am anxious to get those events out of the way.

In the meantime as Rod McIllree has made public and some on here have discussed equipment is on its way to Dundas. How much can then be done with the equipment will be at the behest of the authorities.

snowyflake
01/5/2018
17:24
Unofficial assurances may have been given regarding the exploitation licence but official confirmation remains to be signed off and issued to the market. I cannot for the life imagine that JAY would sign off CAPEX without such assurances regarding the necessary licence. On that basis, I suppose we can assume the exploitation licence is in the bag based on the above. it would be illogical to assume otherwise
gersemi
01/5/2018
13:47
thebigchap, yes, exploitation.

I totally agree that Rod and the team have to press forwards, but large industry is bound by their legal teams and/or risk management. I haven't got much experience in this industry to use as example, but can you give any examples where large cap mining/oil companies have bought out minnows with great assets before they're either 100% proven or have all the licenses in place?

I think there's a difference between everyone agreeing that the assets are in place, the belief that the licenses will be granted, and the crossing of the t's and dotting of the i's to sign it off.

Rod and the team have to move forward in anticipation of the license being granted.

sheep_herder
01/5/2018
13:17
SH,

I assume by exploration you mean exploitation licence, These are my thoughts

Watching the last video interview that Rod Gave it seems abundantly clear to me that we are now gearing up in anticipation that the licence being granted is simply another box to be ticked and not this great stumbling block that we seem to be worrying about. The infrastructure is being put in place, accommodation blocks, generators etc. The Plant has been ordered and is on route, we are paying design engineers to come up with plans for the mining/separation facilities etc etc. My Point is that if this was something that Rod and his team thought might not be granted (they have I assume good working relationships built up over time the gov officials and have a feel for where they are at)then they would not be spending all this money until it was confirmed either way. This then said if this is a conclusion that I can come to quite easily based on a hunch reading between the lines then im pretty sure the big players with the experience and resources they have available can start making the same well placed assumptions. just maybe there will be some movement sooner rather than later from these big sniffing dogs

thebigchap
01/5/2018
12:18
I think it's going to be interesting to see how this one plays out. If the market is there for this high quality product, then I'd assume that any of the big players would want a bite. However, until the exploration license is granted, no matter how certain they are that it will be, that probably prevents anyone moving with an early bid. Thoughts?

Assuming that is true, what options would a major have? Perhaps placing large multi-year offtake orders at fixed prices to guarantee stock? Would a later bidder have to honour any offtake deals already made?

sheep_herder
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