Bluejay Mining Share Discussion Threads

[buoycat] 20/11/2017 15:22

I bought when they were centurion. My interest was picqued by the Austrian assets. Not sure what's happened to them. I guess not very important in the scheme of things.

[presto77] 20/11/2017 15:11

someone selling at worst.....funny stuff

[bjlk] 20/11/2017 11:53

Normally I would disregard such a comment but there are some biggish buys going through, holding price 22-23 range..I think it bodes well..

[astralvision] 17/11/2017 23:25

Nowt wrong with pre buying before the herd.

[alibx11] 17/11/2017 22:20

They don't join the MSCI until 30th Nov.

[shavian] 17/11/2017 15:33

Interesting buy of 939,419 shares just went through. Instis starting to take positions following the MSCI index inclusion?

[rampair] 17/11/2017 00:27

Also not stuck in an unstable jurisdiction.

The way metals prices are going, at some point the Kangerluarsuk Sys-Ex Lead Zinc
Project will start to be noticed as well as the Disko asset.
At the head of the Kangerluarsuk Valley was the Black Angel mine, this had amazing
Grades of ore (40%+) there are a number of drill ready targets identified previously
by Avanaa - prior to our purchase of that company.

The Finnish assets were the reason I first got interested in the then FinnAust they are the sort of assets that I hoped would do well when the market recovered, no idea that the Ilmenite would turn up! However, Outokumpu- one of the Finnish Mines was always one of the more appealing prospects - our Finnish assets, whilst on the back burner are far from being also rans & I would certainly view them as being very worthwhile.


R.

[mirabeau] 16/11/2017 21:10

I do like this from today's SPA note:

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Feasibility study:

The team now look set to deliver a feasibility study on the project in the second half which will likely show very low unit operating costs and strong economic potential for the project.

Our own preliminary evaluation of the project economics shows significant value and considerable upside from here

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Moreover :

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Ilmenite pricing:

The market for ilmenite continues to improve with China raising demand while stifling feedstock production. We expect prices for basic quality material to rise from $180/t to >$200/t with BlueJay concentrates potentially selling for >$235/t going forward.

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I love this company. High grade, massive proven resource, low production costs and top prices achieved for their product..perfect

[mirabeau] 16/11/2017 11:08

Thanks fellas and P77 for the SPA link..obliged and timely as I bought another 85k - probably delayed

edit - and as if by magic and many thanks to the people at SP-Angel:

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BlueJay Mining* (LON:JAY) STRONG BUY (Target Price raised to 37p from 24p) – Valuation upgrade to NPV >$400m on future expansion and higher ilmenite pricing

BlueJay included in MSCI index today Click here for full note

Company News
BlueJay Mining* (LON:JAY) 24.5p, Mkt Cap £189m – Valuation upgrade to NPV >$400m on future expansion and higher ilmenite pricing
BlueJay included in MSCI index today
STRONG BUY
(Target Price raised to 37p from 24p)
Click here for full note
• BlueJay are making good progress towards the start of production next year.
• Valuation: we are raising our NPV valuation to 37p/s today in response to the high grade and purity levels of BlueJay’s ilmenite concentrate product.
• Production: While BlueJay plans to start production next year we assume sales start in 2020. We escalate the mining rate from 1mtpa in 2020 to 2mt in 2021, 3mt in 2022. We then see a further jump in production to 5.5mtpa from 2026.
• Capex: we assume a $60m capital cost to start followed by a further $100m for the second phase expansion. We assume a 10% discount rate by way of standardisation. The project gives a 43% IRR on these metrics.
• Pricing: We assume BlueJay could receive $200/t for its product, up from $180/t previously though management reckon they will get higher price levels.
• Upgrading: we have also assumed the upgrading of material at the first sieve to 18.5%. This has the double benefit of raising the input feedstock grade reducing costs and improving throughput rates.
• Feasibility Study: A number of consultants are working on more detailed plans for the process plant and related infrastructure.
• Costs: we assume relatively high mining, processing and loading costs for a dredging operation given its location in the north of Greenland. These costs should come down as the operation proves itself. We assume $3.25/t for mining, $5.0/t for processing and $4.5/t for loading. The loading cost is particularly high given that it should simply require a longish conveyor belt to reach a ship parked in the Fjord, though it should cover the use of a tug boat to manage passing ice bergs.
• Offtake: management are in Hong Kong presenting at the ‘TZMI’ Titanium and Zircon Congress for mineral sands producers. We expect discussions to continue on offtake with Chinese producers and assume 60% of BlueJay’s Ilmenite concentrate may be sold in China with the rest to be sold in the West.
• TZMI conference: BlueJay presented at the major Titanium industry ‘TZMI’ conference in Hong Kong yesterday.
• Price view: Feedback from the conference is that titanium feedstock supply is much tighter than previously thought indicating that prices are expected to rise strongly over the next three years with a major supply constraint 18 months out.
• MSCI Index: BlueJay are to be included in the MSCI World Micro Caps, effective 30 November 2017.

Conclusion: BlueJay is fortunate to have discovered the World’s largest, known, high-grade, ilmenite mineral resource. The sheer scale and consistency of the high-grade mineralisation is extraordinary and while the location in Greenland presents some challenges these appear relatively easy to overcome from an engineering and production perspective.
*SP Angel act as nomad and broker to BlueJay Mining. An share price Angel Mining analyst has visited the Dundas (formerly Pituffik) ilmenite sands project in Greenland.

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[presto77] 16/11/2017 11:07

hope this link works chaps

hell of a read

[moreminer] 16/11/2017 10:49

Morning!

Good news indeed.
Pity that some-one mis-read the news and thought it is a strong sell.
(a designated sell??)
MM

[snowyflake] 16/11/2017 10:47

Mirabeau - you will pick it up a bit later by getting into share price Angel - mining sector. It is sometime ago that I started access and so I cannot recall if you have to register.

[presto77] 16/11/2017 10:26

SPA just upgraded price target to 37p STRONG BUY

based on product specs and purity.

quality sells mofos

[snowyflake] 15/11/2017 22:21

TZMI Conference Hong Kong presentation is on the company's website under presentations. Our ceo presented Day 2 - 15th November. Key people attended.

[presto77] 14/11/2017 16:44

Wtf last trade????

[mirabeau] 14/11/2017 12:24

Yes, sorry about that!..Meyer does love this company - he's a switched-on analyst that fella and sincere

[astralvision] 14/11/2017 12:22

Mirabeau

Ah, thanks for the 'to be revised' bit, that makes a bit more sense now!

I wonder what the 'revised' target price will be. A 30p tp looks too low, think something around 40p would be more apt and give something to go for.

[mirabeau] 14/11/2017 12:14

'BlueJay included in MSCI index today - STRONG BUY - Target Price ( to be revised, currently at 24p)'

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forgot to post the top bit at start of the page

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note - 'to be revised'

[astralvision] 14/11/2017 12:09

what's the point of issuing a 'strong buy' note with the share price at 24.5p and a target price of 24p?
That sounds nonsense to me.

[mirandaj] 14/11/2017 11:27

Rampair

Would it be possible for you to use this



to shorten your link as it has 'stretched' the page. Many thanks. It turns your link into this short one:

[snowyflake] 14/11/2017 11:17

Sheep_Herder - DFS also key before the application for the exploitation permit and we hope for positive news regarding an off-take agreement. Hope that helps.

Rampair - than you for that link.

[rampair] 14/11/2017 10:51

This is a direct link to the White paper, all the responses to public comments.


Edit! Still learning, please use Mirandaj link in post below.
R

[moreminer] 14/11/2017 10:12

BlueJay is the talk of the City.
Ready for TakeOff.

hxxps://www.directorstalkinterviews.com/bluejay-mining-plc-dundas-ilmenite-project-receives-strong-support/412739826