Bluejay Mining Share Discussion Threads

[moreminer] 08/9/2017 15:02

Interview with the Captain to be heard on;

hxxps://audioboom.com/posts/6281664-rod-mcillree-ceo-of-bluejay-mining-jay-9th-september-2017?t=0

We are all comfortable..........
Great!

[rampair] 07/9/2017 12:54

And dating sites Citytilidie :-)

[citytilidie] 07/9/2017 11:41

I've said it before, but it does seem very odd and pathetic that the person concerned who has posted more than anyone else doesn't even have a holding. If it's friends he wants there are thousands and thousands of other bulletin boards to post on

[rampair] 07/9/2017 09:40

Plenty of those ( hit send, doh!)

Anyway, if I can help - please ask and if I can't answer I'm sure Others can.

Cheers
R.

[rampair] 07/9/2017 09:38

Hi GED, its not for me to offer any advice and I try not to, although I am very enthusiastic!
Yes, I believe that certain tests ( Bathymetry is the underwater version of Topography) it concerns mapping for both likely ore traps but most important is that only a few institutions are allowed to map Berths and Seaways for the Danish Maritime
Authorities.
We have to work out where we can berth Water borne containers & where to put a Pier
for docking.
As well as this they may have done what is referred to as a Benthos study ( what critters live on the sea floor) or it may have been Orbicon?

Regarding Market cap - I agree with you, however, what we have to look at is the scale
Grade & what is the potential trade sale value, irrespective of whether JAY decide to
exploit it via contract mining or outright sale to a major.
This is the biggest , purest Ilmenite deposit, Worldwide- one would expect it to reflect that in the price.
I would take the time to look at Disko too & the other projects. Disko has had $50m
spent on it by previous owners.

It's all there to be studied! I did put it on the old site we frequented but felt that
I didn't want to be one of those people that are un invested who go on about other companies- there's

[birotop] 07/9/2017 09:21

Yes but shouldn't it now be 5.3p?

[snowyflake] 07/9/2017 08:53

a rather old note richie.........................when the share price was 13 pence as stated in the note.

[richie666] 07/9/2017 08:46

Ged5 - seems somebody else sensible questioning the valuation here. U should read this -

[ged5] 06/9/2017 20:29

Thanks again, Rampair!

As I stated JAY has almost too good to be true grades. I've always said they are spectacular.

You are correct there are 4 deposit areas at Mutamba but it's only Chilobane(not included in the above figures) that is 180km away and yes there will be a choice of ports. Will JAY?

"However, I do think Bluejay has a vast project at Pituffik." No argument there!

I was only comparing what is on the table now. Both companies have great future prospects, I wish I had joined you back in 2014.

In reply to post 1724 this is what I was referring to:-

GEUS, sub-contracted by Blue Jay Mining Ltd., carried out a geophysical
boat-operated bathymetry survey together with an initial off-shore grabsampling,
tidal-zone-sampling and onshore-sampling program in mid-to late
August 2015. (page 33

I have read the GEUS report, many an RNS and the JAY website. I may regret it but 132.55M mkt cap is just a little too high for me at this stage of development. Maybe once we see some figures.

[rampair] 06/9/2017 18:51

GED, Please note GEUS & its earlier incarnations are a Government dept! Not hired by the company, Pituffik first discovered in 1916 but climate change removed the ice
- so much so that it's now 50km inland ice free.

GEUS & The Kingdom of Denmark have mapped most of the two countries and all this information is available- they want to provide a way to make Greenland self sufficient
& they would like Independence.

See in the head of this thread links to Govt sites.

R.

[rampair] 06/9/2017 18:44

Hi, my comparison with SAV / RIO at Mutumba ( Apols for any mis spelling) was that of
Heavy Mineral sands. JAY always puts up the Ilmenite figure - most others put up the
HMS or the total Heavy sands ( The non Quartz content)
If we look at those figures JAY comes out with some spectacular grades - some parts at Intelak are 80/90% HMS carrying so much Ilmenite that it reaches concentrate grade
simply by digging it up!.(50%+)
If I remember correctly the Two companies in Mozambique merged their projects - 4 sites 180km apart and delivering to 2 ports?

In no way do I want or need to dissuade any holders of Savannah ( or RIO as I'm a shareholder!)because it may well be that they have a good project and I hope all shareholders win out.

However, I do think Bluejay has a vast project at Pituffik- the resource was taken from Auger drills last year that was of 17% of the surface & 1m depth!

Note: SIA/ EIA under way and following Greenlands timetables- plenty of time for next season.Running concurrently.

This year, it will change as we used a 30m sand drill,and still didn't reach the bottom.
It's simply a case of winnowing out the smaller grained Ilmenite - no crushing, blasting or front end engineering- most can be dredged using Royal IHC on contract mining possibly.

The beach is 1-2.7km wide, 30km long & How deep? That gets you a lot of cubic Metres
& each cubic Metre weighs roughly 4 tons.

Please check out the Video gallery if you only have limited time.
hxxp://www.titanium.gl/video-gallery/

I've been here since FAM/2014! It's one of the best single projects I've ever seen,
24hr daylight - for months in summer, if Oil Rigs can Work year round in the Canadian Arctic- we can.

Then we move on to the 2nd project Disko, for another day perhaps!

Good luck with all your shareholdings.

R.

[ged5] 06/9/2017 17:03

Rampair, I seem to remember you and moreminer on the NRRP thread and appreciate the research you do. From your post 1713, you wish to compare JAY with SAV

Rampair
6 Sep '17 - 13:09 - 1713 of 1721 4 0
With an Ultra high grade ( compare Pituffik HMS% to SAV/ RIO jv in Mozambique)
and a quantity that was estimated- NOT by the Company but by the Danish & Greenlandic
Mineral survey. 1 Gt.
This project is in a part of the World that is far North.
-----------------------------------------------------------------------
There is certainly no question of the grades at Moriusaq. They are the highest in the world according to the GEUS report. Almost too good to be true! Commisioned by JAY? All or just part of it?

At the moment JAY has a JORC of 23.6Mt at 8.8% ilmenite
SAV has 4.4 billion tonnes at 3.9% THM (Mainly ilmenite but also the more expensive zircon and rutile)

JAY has an upside of 130Mt at 6.3-8.4% ilmenite which is 17% of the resource so 765Mt
SAV has 7-12 Billion tonnes at 3-4.5% THM

JAY has 2 other assets in Greenland and 3 projects in Finland.
SAV has a 1.7Mt resource at 2.2% copper in Oman, a project in Finland and a project with a mining licence for Lithium in Portugal. (Look out for the assay results in the near future)

JAY 132.55M mkt cap
SAV 28.77M mkt cap

JAY seems to have found an excellent resource but while the costs look as though they will be extremely low there hasn't been a scoping study (there has been one at SAV) nor a Feasibility Study.

I'm not saying you should have one or the other I think they are both good companies but you did ask for a comparison.

[maccamcd] 06/9/2017 15:51

yeah.. We will be fine guv.
actually bumped into the guvnor earlier
He's cool.

[maccamcd] 06/9/2017 15:14

Shutittrev. We must be related!

[shutittrev] 06/9/2017 14:46

Oh, could somebody do me a favour and post a message on this thread to Baldie666. He has me on filter. On my behalf, could you ask him how comfortable he with his conviction sell Bluejay note and to remind him of what an utter tool he is. Thanks.

[shutittrev] 06/9/2017 14:40

Ha ha ha. Superg, completely and utterly exposed as the ramping self important fraud that he is. Nice one Phil.
JakNife, how is your Jay short? Asking for the FAMily

[moreminer] 06/9/2017 14:05

Jak,
just shuf it up yr back entry.
in your case about the same.
MM

[birotop] 06/9/2017 13:09

I think he is doing a bit more revision...youtube overload.

[philparkes] 06/9/2017 12:44

superg1
6 Sep '17 - 10:25 - 1692 of 1711 0 2
NO you made things up Astral going on about how high risk it is when you are pumping this to over £150 mill M/C.

Tough now as I'll park here and research it to death.


HAHAHAHA Graham I see you haven't changed your deluded, self centred attitude.
Don't you see what a hypocrite and loser you are?

[astralvision] 06/9/2017 12:30

probably been posted before, but not a bad reminder




Big Beasts at Bluejay - (JAY)
12/6/2017 (119264)

Big Beasts at Bluejay

Not a walrus in sight apparently when Bluejay Mining (JAY) completed the survey to make sure it would not inconvenience the wildlife when picking up ilmenite on the beaches of north western Greenland � but big beasts galore as the company completed a bumper share placing and fund-raising last week.

The formal notifications should start to appear after Thursday�s settlement, but watch out for top class names as 3% plus shareholders as the institutions who scrambled for the stock go through the process. UK unit trust giant M & G is likely to appear with 10% or so of the company, while US Capital Group (assets under management approaching $1.5trn) will be there, along with Legal & General, Hadron, Man Group and others.

Bluejay could have shifted over �50m of shares as long-standing Aussie shareholder Western Areas placed out all 138m of its holding, while Bluejay raised �3.5m gross of new money and people in the company tossed in a further 5m shares � all at 12p. (Note � as ever, chief executive Rod McIllree did not part with a single share.)

Make no mistake. There was no lack of demand, and it seems that, looking over a shoulder at a possible major interested player, the company moved smartly to disperse the Western stake among key investors who would take a long-term view. Western had been looking to realise cash for a while, worrying about a loss-making mine in Australia, and will be able to report for the year to June 30 with a decent profit, instead of a large loss, thanks to the money it has made by taking profits on the Bluejay stake.

It all works rather well. Bluejay has expanded a quality base of shareholders who understand the business and raised what, by Bluejay standards, is a substantial extra slug of working capital at very modest overall dilution. The new money will speed the pace of exploiting the remarkable, record grade deposit of ilmenite in Greenland, with cash to add personnel and equipment, and negotiate from a position of relative financial strength as Bluejay delivers a bulk sample and ties up deals with potential partners to shift product.

While the share price settles after running from around 13p to touch 16.5p as the placing negotiations were finalised, the market should recognise the quality of the new shareholder support. There could be buying from some of the new investors, impressed at what they have seen.

The whole Pituffik development process will be moving ahead in the next few months as the weather window opens up and full-time working on site can get under way. The company has a clear path set out, and while the full extent of the potential Pituffik bonanza is not yet fully appreciated in the market, Bluejay will rapidly be adding value.

This is not empty dreaming. There appear to be no great environmental barriers, and the Greenland government must be happy to have such a substantial and relatively benign project under way. Remember, this is low tech stuff, no need to build a mine or to use large quantities of unwelcome chemicals � just a plan to drill to establish the depth and location of the resource, and machines to dig it up, filter it, and load it onto ships.

While the conventional JORC resource statement covers only a small area of the licence so far, there is clearly a massive resource. That is confirmed beyond question by the recent study undertaken by the Geological Survey of Denmark and Greenland which estimates that 10 billion tonnes of ilmenite (note � actual ilmenite, not material containing ilmenite) exist in the original rock with up to 7bn tonnes of eroded ilmenite in the region. It is estimated that perhaps 1bn tonnes of this ilmenite is within the Bluejay licence.

Bluejay is pushing ahead with an eye on initial commercial production in 2018. House broker S P Angel, citing a share price target of 22p a few weeks ago, was talking about the ability to mine 100,000 tonnes of ilmenite in a matter of weeks when it gets going. On a conservative basis, the potential profit margin is maybe $60 a tonne. It could be significantly higher, but even the low figure would mean profits of $6m. It is probable that production could be raised, with the resulting cash flow perhaps spurring a change in financing which could raise margins. There are also signs that the ilmenite price could be rising.

The new institutional investors could well have done sums which suggest production of 250,000 tonnes and then 500,000 tonnes two or three years further down the line. Such figures might mean profits of $15m and then $30m a year, with the capacity for yet more expansion over the horizon.

These, of course, are highly speculative projections. They assume that the Greenland government and environmentalists will continue to smile on Pituffik, and that the ilmenite price remains at least steady. The chances of one of the majors taking Bluejay out before we get to really big figures are strong. Go back to my report �Jay Talking� of April 14, where chief executive Rod McIllree is speculating that Pituffik has maybe 500,000 to 700,000m tonnes of ilmenite. That, he speculates, could be worth $1 to $3 a tonne in the ground � equivalent then to maybe 55p a share or 75p a share. It is pretty certain that there is 1bn tonnes on the Bluejay licence after the GEUS survey.

Maybe the shares will not get that far, though it looks pretty clear that Bluejay could create the capacity to produce, say, 1m tonnes a year almost indefinitely (notional $60m profit).

The shares eased to 14.75p as I write, but are up from the 6p to 7p region since first recommended here. At 15p, the market capitalisation would be �115m. If you are ready to gamble on any share, this really is the one. It could still have a long way to go.

I have a holding in Bluejay.

Ends