Bluejay Mining Share Discussion Threads

[perfect choice] 07/10/2018 13:17

FPS should detail capex for facilities to enable 450,000t pa production which will now be provisioned both in Greenland and Quebec. Aim is to use off-take agreements to fund capex with little or no equity placing ( stated twice on recent interviews and always been the case anyway). Capex already done this year for pre-production ramp up with 10K samples available to any client, so next stage of capex is to go to full production funded by off-take agreement. Contrary to some of the "opinionated rubbish" I've seen stated elsewhere, 2 of the offtake partner agreements are well advanced (stated in interviews) but as we know, those partners have short term issues of their own to address(assuming these are the ones which are well advanced).

Think that is a fair assumption off current and future plans.

[bigboyblue] 07/10/2018 12:12

The interview with John Meyer was interesting, in particular his comments about the possibilities with Rio. Clearly he must have been influenced by my forensic analysis of the situation at post no 4536!!!

A couple of Greenlandic matters of note. A new minority coalition is now in place following the collapse of the previous coalition.

The guy on the left of the photo, sat next to the Prime Minister, is Vittus Quajaukitsoq, minister for mineral resources. These are the two whom Rod met on his recent visit. The new coalition will depend on support of the Democratic party in parliament. They appear to be the most pro free market of the Greenlandic political parties and I think we can therefore assume the new Government will be just as pro mining as the old one was.

Also, look out for Minex in the next few days. This is an annual newsletter produced by the Government about the mining industry in Greenland. It's bound to contain a piece about Dundas. I'll post it if I find it before Rampair!

[rampair] 07/10/2018 11:40

Hi Snowyflake, you are correct regarding the Inuit people. The August 9th decision to allow the mine to expand was one taken by the court in Quebec, it was not something the land owners were happy about, I imagine there’s room for a second supply!
Also, our Ilmenite is low in impurities- Deleterious elements, these are materials that cause damage or give off harmful gases.
Dundas Ilmenite is Homogeneous and , fortunately for us, the same at one end of the licence to the other.

Recently a smelter in Finland (Pori) exploded and damaged beyond repair.

Andy, the last part of processing was proposed to take place in Quebec, RIO have been there for 65 years & there’s abundant power and facilities for 12 month working.
I have no direct knowledge of any capex plan so can only offer opinion.
There are either local Ilmenite processors, or possibly, there could be the possibility of running our material through an existing mines separators on a toll basis. This has the advantage of not buying the equipment but paying a fee per ton.
Like car rental!

This would leave capex in Greenland down to building a Pier for ships (Ilmenite Rock
concrete is used all over the World for building in Docksides) so, we have a Pier,
They built the machine store this year and installed generators - the big cost saving was that Moriusaq village was already built. You can see the pictures of the town on Google Earth. Some containerised accommodation was added this year. Plus the last two years Excavators, a few haul trucks and sand separating machines are already on site.

Often Offtake agreements include a payment to help construction in return for cheaper
Minerals, but if you look on the company website there are plans and diagrams to show ways of extraction, it depends on what the clients specific needs are.
One of the reasons Feasability studies have been taking time.

R.

[snowyflake] 07/10/2018 10:47

Thank you and well found Shavian. It shows the mine and what appears one of the furnaces. I noticed it's dated 4th November 2016 - things appear to have changed bit since then.

However it is I guess not for us to make decisions - those will be dictated by supply and demand and logistics.

[andy] 07/10/2018 10:40

Rampair,


What is the capex foe the work to be completed in Greenland as per your list above please?

[shavian] 07/10/2018 09:58

Bit of background on Fer-et-Titane via Rio’s corporate video:

[snowyflake] 07/10/2018 07:46

Is it not, Rampair a case whereby, although the authorities have given permission for Rio to expand the mine from which it extracts the ilmenite, the local Inuit people have thrown a spanner in the works by objecting to that expansion unless they receive compensation?

That factor in itself could cause problems for Rio in the supply of ilmenite.

Add that to the point which you have made and articulated more than once: the ilmenite from Dundas is purer through less deleterious material within the sands that it is more beneficial for use in the furnaces, thus reducing the blow out factor which has led to the need for refurbishment of the furnaces and that furnaces would last longer with such ilmenite?

[rampair] 06/10/2018 22:39

Its a good video and i put it here again as it gets lost in the sea of
Posts, thanks for the link adamstip.

I note that if you keep an eye on RIO’s Sorel- Tracy based Fer e Titane (QIT)’ they have been on First Nation ( Inuit) land extracting Ilmenite for 65 years- there were problems with their mine and the land owners - this was re granted permission on Aug 9th.

With a serious problem occuring in a smelter earlier, two others I believe were refurbished. This is a huge complex of 9
Smelters, - if i ran this operation, having a backstop supply
from Dundas would certainly make sense, perhaps deliveries over the summer months that could be run through local magnetic concentrators 12 months a year giving a plant that
makes massive amounts of TiO2 a year the certainty of supply from their own hard rock mine, plus the Ilmenite of Dundas.
Alternatively- buy it, or maybe a competitor would like to keep it out of RIO’s hands? All to play for and currently half price. Lots of processing in N America. All imho.

R.

[adamstip] 06/10/2018 17:37

Ramps I hope you've watched the john Meyer video ref post 4748 he's still pushing the possibility of some kind of partnership link up with Rio

[snowyflake] 06/10/2018 17:13

Brilliantly put Rampair.

[rampair] 06/10/2018 16:57

I think it’s interesting that you don’t see shorters saying “Sold 100,000 @ x today”

There have been clear statements made by management that we have the cash to carry us forward. These Financial statements cannot be made by Directors of a company if they are known to be untrue- therefore we must believe that,
1, Monthly cash burn £140,000 month.

2, by March 2019 we will have,still, £10,000,000 in cash.

Plus,

3, The Exploitation Licence will be in the system.

4, The Feasability study will be completed.

5. Work programmes in Greenland, including significant infrastructure fully paid up.

There is much more in the interviews given over the past few days - worth watching to get a better view of someone trying to build a company for shareholders and Greenland
As opposed to the negative, destructive way that some, (not all) short sellers have tried to frighten, and give out false statements- either through not understanding
Company law, or just plain ignoring it. Counting on Light touch regulation to not get
censured.

Rampair.

[snowyflake] 06/10/2018 14:25

I have done just that since with reference to my earlier post/message to you, you obviously have no holding in Bluejay - you are also obviously on this thread just to cause trouble.

[andy] 06/10/2018 14:01

Jack,

Great advice and I don't know why more people don't take it.


If holding an honest opinion and posting without petty name calling nor abusing other posters makes one a "wind up merchant" then I'm guilty as charged 😉


Filter away 😁

[jackhenleo] 06/10/2018 11:01

Although I welcome the posts warning on the undesirables who people say have started posting on this (or in fact any of the other BB's that I visit) on some ocassions people tend to take the bate and end up responding to their posts.

I tend to read their message- do a research on their other BB,s and if I come to the conclusion that they ARE so called windup merchants and just want to cause disruption to the forum,then It's a simple action that i take : FILTER THEM.
The facility is there, so use it.
GLA.

[johnveals] 06/10/2018 10:09

Why would you take investment advice from crooks?

[snowyflake] 06/10/2018 08:52

macca is still on duty as far as I am aware your Lordship.

[lord_nelson] 06/10/2018 08:40

Is maccamcd still looking after us, or are now orphans? Surprised no comments/reaction :-(

[snowyflake] 06/10/2018 08:30

LoL presto

[presto77] 06/10/2018 08:01

Why would you take investment advice off poor people?

[snowyflake] 06/10/2018 07:07

Andy - despite the fact that I am no longer a holder I still look in on the BNN thread, where I do not comment since I am not a holder.

Given your last sentence, have you bought some Bluejay?

[citytilidie] 05/10/2018 23:23

Hi Sutitittrev. Yes I trusted Titan/Jennings with 20k of my money and he lost/kept 14k of it in 6 short weeks before I took what what was left out. I will never trust a word or his judgement again.

[adamstip] 05/10/2018 23:19

Bluejay starts about 2 minutes in v.positive overall IMHO