Bluejay Mining Share Discussion Threads

[xclusive2] 07/11/2019 18:06

I'd agree sir although I've been waiting for weeks !

[summerfield1] 07/11/2019 16:27

Change of sentiment today. Decent sized Buys. News coming very soon.

[xclusive2] 05/11/2019 08:36

Nothing but sells over last few days hence the retrace to low 10s, hopefully no revisiting of the single figure range. Waiting for the new chapter to start or even a new book, a bestseller .

[xclusive2] 04/11/2019 10:57

The market is looking for the next steer re share price direction and that will come from real material news that includes funding solutions. Nov 5th is a good a day as any to set fireworks off ? If so, rockets not damp squibs please RM.TT

[archie222] 02/11/2019 10:29

Personally I do not see the ideal situation being to sell Dundas.

Just to recap on what we've been told (hype?), the Dundas goose is ...

- low cost in prodution terms
- high cost in terms of product pricing
- capable of laying multiple golden eggs for the next (how many?) decades
- has a world class chemical composition
- valued in the PFS at a fraction of the "real?" amount of ilmenite on the licence
- in a geographically advantageous situation
- has a product that will be in demand by multiple big name users of ilmenite
- in a politically favourable jurisdiction with a government actively seeking to promote the mining industry and with a tax regime to suit
- on the threshold (well, in the next 5 yrs or so) of profitability

If all of the above is true and given the set backs and delays that seem to typify the mining industry, I'd prefer the company to stick to knitting and establish a business making solid returns rather than selling it to chase after the next the crock of gold. Having a partnership too would be fine by me.

[kemismelt] 01/11/2019 20:52

citytilidie - 31OCT19 - 6937 :

I want to stop this hype on 46.5%TiO2 ilmenite which is misleading a lot of investors and I have nothing against LON:JAY or LON:ALBA who both like my own concern kemismelt are endeavouring to get mining permits in Greenland for their own objectives. 46.5%TiO2 semi-weathered ilmenite with ~40%FeO content is just a smelting engineers delight, and just that. Period! You talk of several hundred millions in the bank! Other than a clutch of six ilmenite smelters in the world, who would want to touch such ilmenite even with a barge-pole at any price >US$180/MT f.o.b. any port in Steensby Land as ocean freight for such heavy cargo is inhibitive. Yes, it can be used by sulphate plants in nearby Europe but how many tonnes can they consume. Based on published reports, Greenland will probably have an export potential of up to 800ktpa by 2024. RTIT can put up a smelter in Greenland to exploit this large capacity buildup provide they invest on electrical grid support or ilmenite producers in Greenland will have to part-subsidise the freight costs and take the hit!

[xclusive2] 31/10/2019 10:52

CityTID,2 types of funding, that to keep the lights on and one of the reasons for the share price crash from 26-5p, the second to fund the projects.You've raised the question re a takeout pre realisation of true value ? that is a possibility. I have no concerns re them getting exploitation licence and funding, it's the negotiations pre this award that may not be as investors desire knowing that we will need 'going concern' cash, won't help with negotiations if other party (s) want to play hard ball.You have to weigh everything up and I believe there will be funding pre exploitation abbouncement.Not too long to find out.

[citytilidie] 31/10/2019 09:16

Funding will not be an issue, and I would doubt there will be any announcement until the exploitation licence has been granted.
Once it is granted, there is nothing to stop any number of entities making a knock out bid for the whole of Dundas, thereby negating any need for funding. Bluejay could then theoretically have several hundred million in the bank to spend on Disko, Finland and any other areas they own. This would mean no dilution at all. Nothing is guaranteed, but that would be the ideal situation.
The worst thing I can think of at this present moment is a knock out bid for the whole of Bluejay at a price which almost certainly wouldn't reflect the massive potential this company has in the coming years.

[xclusive2] 31/10/2019 08:54

The clock is ticking and we're all waiting for the funding announcement. Bonfire night on Tuesday, maybe a fitting day to launch a few rockets ?

[rampair] 30/10/2019 16:18

Bluejay currently exhibiting at

Interesting, that we are spreading the word on our licences both in Finland and Greenland.

R.

[longrod] 29/10/2019 19:15

Found it. Dont worry. Found twitter too!. Haha. Too old for this.

[rampair] 29/10/2019 18:31

Clearly multiple mines are simply not
Going to be able to use all Greenlandic labour. We must also be aware that we don’t take a village or settlements machinery repair shop simply because we need one. It needs to be handled sensibly & given a lot of thought by Greenland as to allowing Foreign workers in to run certain parts of a mines processes until young people and locals can be trained up.
The main issue being 59000 people are living in Greenland & they are spread over a massive landmass. We want Greenland to have the best opportunity to advance and gain from their resources in partnership with Bluejay etc.

My opinion etc
R.

[longrod] 29/10/2019 18:26

Can someone help.

I saw a tweet last few days from the CEO of RIO inferring that RIO operates in the most remote of locations globally.

Can someone post that here please. Cant find it anymore.

Thanks

[bigboyblue] 29/10/2019 17:40

A few noteworthy points:
Timeline guides will be given to licence holders to assist with their planning;
Ensuring that exploitation applications move forward;
Licence holders won't have to demonstrate that deposits are commercially exploitable in order to obtain a licence (removes scrutiny of PFS I guess);
There's still heavy emphasis on using Greenlandic labour as much as possible, but not to the exclusion of others where it isn't possible.

[bigboyblue] 29/10/2019 16:19

This is Greenland's draft mineral strategy for the next 5 years, published last week, but only today in English. There won't be anything in it that immediately affects us and certainly not at Dundas given our advanced stage there. However it's of interest because it helps to answer any doubts about whether Greenland is really serious about mining. Clearly they are.

Improving efficiency of licence administration is one of the 5 main aims as is simplification of the transition from exploration to exploitation. I'm still reading it, but it looks very favourable to me.

[mirandaj] 28/10/2019 19:38

MONDAY, October 28, 2019 

Pangaea Creates Pop-Up Port and Moves
42,000-Tonne Cargo in the Arctic Circle

[seejayem] 27/10/2019 10:00

Ah, thanks BBB

[bigboyblue] 27/10/2019 09:49

Seejayem, you're on the wrong thread. Anyway, no it's not just a question of increasing the workforce. It's all in here:

Second thoughts, try this one instead. It's shorter and gives a better overview imo:

[seejayem] 27/10/2019 09:31

Excuse my ignorance but what will be involved in'building' the mine? They have machinery, power and people to fulfil a massive bulk sample shipment. Surely 'building' the mine will just be a multiple of what's already been done in the space of a few days? So is it not just a factor of increasing the workforce?

[aravali] 26/10/2019 13:22

fyi...Rio Tinto Capital Markets day on Thurs Oct 31st

[mirandaj] 25/10/2019 12:43

Press release from the Ministry of Mineral Resources and Labour regarding a meeting on October 23, 2019 with a delegation of government representatives from the United States

On October 23, 2019, Minister of Mineral Resources and Labour, Erik Jensen, met with a delegation from the United States comprising the Ambassador to the Kingdom of Denmark Carla Sands, Counselor of the Department of State T. Ulrich Brechbuhl, Assistant Secretary of State for Energy Resources Frank Fannon, and other representatives from the Department of State, National Security Council, and the Department of Defense.

At the meeting, the Ministry of Mineral Resources and Labour provided an overview of Greenland's mineral resource sector, described Greenland’s mineral occurrences, and highlighted the potential for supplying minerals important to the United States. The meeting also addressed the future development of Greenland's mineral resource sector as well as possibilities for future cooperation between the United States and Greenland in mineral resources sector matters.

Minister of Mineral Resources and Labour, Erik Jensen: "I value the constructive cooperation and open dialogue with the United States, and look forward to advance the cooperation with tangible initiatives which will benefit both Greenland and the United States through the development of the mineral resource sector."