Bluejay Mining Share Discussion Threads

[slimchops] 26/10/2018 06:11

Can't even spell properly...says it all.

[monts12] 26/10/2018 01:18

Company reps? Lol

[rayrac] 25/10/2018 23:42

Cheapest ilmenite mine is in Chili! I wouldn’t put to much store in Bluejay. Company reps are raiding this thread...beware.

[monts12] 25/10/2018 21:15

Bbb
Good post...

Iterlak Delta area JORC upgrade will be transformational, how much would a major pay for circa 150m tonnes of proven (probably many times that not proven) resource?
That is high grade, homogeneous ilmenite , obtainable using the lowest capex in the industry....available to mine in a friendly, stable jurisdiction for decades? $600-900m would be my guess. Small change for a major like Rio.. Imho

[moreminer] 25/10/2018 19:21

Bvb,

Well put. I agree fully. Thanks.

[bigboyblue] 25/10/2018 18:44

Graham: My understanding is that the EIA is pretty much done and I'm surprised it hasn't been published yet, but I don't think that will move the share price much. SIA and feasibility I think is more interesting.

This is the Government policy on SIA: Note in particular that the Government "...must lay down to what extent a mineral resource company (licensee):

Must use Greenland workers
Must use Greenland enterprises for contracts, supplies and services
Must process exploited mineral resources in Greenland."

Early this year it was assumed we would be doing everything ourselves. People were talking about ball park figures of around £50m to get up and running. The £17 raised in February was a good start, but no more than that. Then it all went a bit quiet over the summer.

When the interims were published "optimisations" which might reduce costs were mentioned, but with no further details. A week or so later Rod went to Greenland where he met with the PM and the mining minister. Literally a few days after that in the IG and Proactive interviews he gave more details of the optimisations, ie doing minimal processing in Greenland and instead completing it at existing facilities in Quebec. It's not a huge leap of logic to assume that the PM gave the heads up for that idea.

Why would he do this? 1. Because they want to start earning royalties sooner rather than later and 2. Although they are keen on job creation there are practical difficulties in uprooting dozens of extra workers from elsewhere in Greenland, as Rod has explained.

Clearly this involves reworking certain aspects of the SIA and feasibility study. Capex will be considerably reduced. We'd need a pier and presumably some more heavy machinery for moving and sifting (Rampair: details please?...) but nothing like as much as we previously thought. I think that all we need is an offtake agreement and things will move very fast.

[rayrac] 25/10/2018 16:59

Big mine just being extended in Chili! Telegraph.

[graham10k] 25/10/2018 11:53

We need what's supposed to be at the end of the rainbow and if it doesn't come soon there could be more doom & gloom. I know we can't expect much before November / December but this is becoming quite a drag. EIA, SIA, Exploitation Licence and Off-takes (customers) need to be in the Christmas crackers - please!

[will02p] 23/10/2018 09:30

I feel we have some rainbow chasers selling here..oilies...glah topped up @ 12.34

[will02p] 22/10/2018 14:02

Can't be bad I am in profit already..

[shutittrev] 22/10/2018 13:55

Nice one will0......you know it makes sense.

[will02p] 22/10/2018 13:16

Bought back in today....got an instinct that RNS long before Q1 2019..with a rerate of SP

[graham10k] 21/10/2018 11:00

If things don't start kicking off soon we'll all need a stiff one

[rampair] 19/10/2018 22:48

What? Moreminer, the beer trap, you told me you didnt drink

Outrageous!

[monet] 19/10/2018 19:18

Yeah never wrong to take a profit.

[moreminer] 19/10/2018 16:50

Its Friday. At least we can go to the beer trap.

[will02p] 19/10/2018 16:18

Yes...not to worry....plenty of options out there...glah

[adamstip] 19/10/2018 16:05

Could be a bear trap and close at 14 today. Let's see.

[shutittrev] 19/10/2018 16:01

And why not. It's never wrong to take profit and if a few punters managed to get in around the 9.5 to 10 mark, then that is a very healthy and quick return. As SEEJAY quite rightly points out, a risky strategy, especially given what our commander in chief, Rod, said in the IG interview. I am confident there will be news and soon. GLA.

[monet] 19/10/2018 15:51

I think it's profit taken from 9.5p/ 10p last week.

[seejayem] 19/10/2018 15:38

Risky strategy Will. What's your re-entry point if they fall and also if they rise. Have tried this myself between the drop from .14p. Found it's hardly worth it, obviously unless you can keep your powder dry until the very bottom, but maybe we've already reached it. Managed to buy some at 9.4p and offload at 11p but had to have them back at 12p. Good to have a core holding in something that you believe will ultimately be successful and keep a few quid spare for trading if it works. Good luck anyway.

[will02p] 19/10/2018 15:07

Sold out 12.70p today....feeling this is being shorted to 10p..need news fast..

[seejayem] 19/10/2018 11:31

A 'module' of the PFS to be announced in November, Drill results in December to upgrade tonnage & purity, news on the EIA/SIA, an off take agreement potentially at any time which will pave the way for the application for extraction license. Who's in the running? Rio Tinto, Eramet or the 'Chinese' according to John Meyer of share price Angel. No doubt there will be some selling into any rises from good news but hopefully will come to an end soon.

[squiresquire] 18/10/2018 19:50

Also important is the very low JAY deleterious material content which means a far leaner cost of production as those materials effectively damage the end product, handling equipment etc