Bluejay Mining Share Discussion Threads

[monet] 21/11/2019 14:32

JakNife will you answer the questions to 7006 posts please?

[citytilidie] 21/11/2019 14:32

Welcome on board JakNife. I apologise for my post, although I only posted it to bring you out into the open. Placing lists can be sooo helpful. Good luck with your holding.

[seejayem] 21/11/2019 14:07

Checkout the Shares Magazine presentation from about 18 months ago I think on YouTube. There is a question from the audience regarding licenses at around 29mins in. RM replies that there are only 2 needed, exploration license and exploitation license. Also looking forward to when they segregate the other assets from Dundas and we all receive shares in the other company as stated in this presentation.

[maccamcd] 21/11/2019 13:45

Jaknife.. sure

[perfect choice] 21/11/2019 13:35

Thanks BBB and understood, its just the article wording indicated "approval process" was yet to start and 3 to 5 months away, as against submitted last September so already started.

[bigboyblue] 21/11/2019 13:17

PC: I have done a lot of research into this and it's a bit like asking how long is a piece of string. The fact is that for Greenland, granting exploitation licences is not like shelling peas. Last year there were nil granted. Likewise 2017. There was one in 2016 and one in 2015. There is one other under consideration atm apart from ours and that is Greenland Minerals.

They simply don't have the systems and processes in place to deal with this quickly or within set timelines, hence I suspect why JAY wisely declined to put a timeline on it when they announced that the application had gone in. My own view is that ours will be 'quick' but that speed in Greenland has to be regarded as a relative concept.

None of the above should be taken as problematic for our application; the reverse is demonstrably the case, especially given yesterday's news. In my opinion the next news we shall hear about this is that they have finished scrutinising our application and then the 8 week consultation process will begin. Personally I shall be pleased if the whole process is complete before the next shipping window. I know there are others here who think I am being unduly cautious about this.

All the above is my opinion only. DYOR etc.
Edit: to answer the other bit of your question, exploitation licence means licence to mine.

[perfect choice] 21/11/2019 12:58

Would appreciate some clarification from those who know the licensing process better than I.

Notice the FT article and Mining.com article state "It will start the approval process for a mining license in three to five months’ time, the company said. "


But JAY stated on the 17th September that it had submitted its Exploitation Licence and used the term " Mining Licence" in its initial summary, see copied extract below of that RNS.

So how does that match with the recent news articles? Is the mining licence requested after exploitation licence and so is the final licence requested to actually operate a mine (or in this case surface extraction), as against exploitation licence which allows JAY to commence investment in the Dundas operation?


17 September 2019
Bluejay Mining plc ('Bluejay' or the 'Company')
Mining Licence Application Lodged for Dundas Ilmenite Project in Greenland
Bluejay Mining plc, the AIM and FSE listed Greenland focused company, is delighted to announce the formal lodgement of its exploitation licence application ('the Exploitation Licence') for the Dundas Ilmenite Project ('Dundas' or the 'Project') to the Mineral Licence and Safety Authority, Greenland ('MLSA').

[maccamcd] 21/11/2019 12:58

your turn for lunch

[maccamcd] 21/11/2019 12:26

Hi Jaknife,
good to hear you invested in the placing!
Was it a stag investment or here for the ride?
Which broker/Insto did you put your order through?
I was told it was a tight book and shouldn't really be much stag involvement.

cheers

[zaphod99] 21/11/2019 11:43

hTTps://www.mining.com/denmark-greenland-inject-over-5m-into-bluejay-mining/

[snowyflake] 21/11/2019 11:13

littlealbatross2 - please could you delete your post since it has interfered with the screen OR edit and remove many of the 9s. You have made your point!!!!
TIA

[littlealbatross2] 21/11/2019 10:56

Aw city. Don't sit on the fence .

[citytilidie] 21/11/2019 10:48

JakNife didn't participate in the placing. The Broker involved would have only approached existing and possibly new institutions, as well as large existing shareholders. The chance of JakNife either knowing the broker involved , or important enough to be involved is almost infitesimal. The last thing any Broker wants is someone that would dump them on day one as it makes them look shady for any future placings. I stand to be corrected but I am 99.99% confident .

[mirandaj] 21/11/2019 09:45

Secretary Pompeo meets with Danish Foreign Minister Jeppe Kofod 13th November

[kemismelt] 20/11/2019 22:20

bigboyblue 20Nov19-7002:

Here are the reasons: (1) Very low TiO2 contribution to their smelter charge-mix (2) Excessive ocean freight using ice-class bulkers through narrow low turn-round route (3) No elimination of other costly sweeteners that maintain their High TiO2 slag quality (4) They have already invested a lot on captive backward integration to access higher TiO2 inputs (4) The price they ultimately offer @

[mirandaj] 20/11/2019 20:18

It was an important meeting

Nov 13, 2019

(Bloomberg) — Three months after Donald Trump’s efforts to buy Greenland were rebuffed, talks targeting the island are being resumed, this time with a focus on investments and security.

U.S. Secretary of State Mike Pompeo is due to meet with Danish Foreign Minister Jeppe Kofod in Washington D.C. on Wednesday to discuss the strategically important Arctic territory.

“We want the Arctic to remain a low-tension area so it is very important to have a close cooperation with the U.S. in terms of presence and enforcement,” Kofod said in a phone interview, after confirming the meeting was taking place.

[bigboyblue] 20/11/2019 19:38

Kemismelt @6993. There's no particular reason to think RTIT will fade away; they already have a very good idea of what they are testing as they were presumably one of the parties receiving smaller samples in 2018. Having said that, it never hurts to have a plan B. Perhaps that's what the other 5000 tons of concentrate was about.

[moreminer] 20/11/2019 18:54

FTIMES. The governments of Denmark and Greenland have emerged as shareholders of Bluejay Mining, the London-listed company developing an ilmenite sands project in north-west Greenland.

Bluejay said it raised £11.5m through a sale of new shares to investors, including Greenland Venture and Vaekstfonden, the Danish state’s investment fund, which together bought £4m of stock.

The fundraising comes three months after President Donald Trump tweeted saying that he was mulling buying Greenland, which has an abundance of untapped natural resources

“We are delighted to have received strong support from two important Greenlandic and Danish Government backed institutions,” Bluejay’s chief executive Roderick McIllree said. “This support demonstrates the mutual desire to grow the country’s mineral resource industry and we hope that Bluejay will be that vanguard.”

Bluejay is seeking to produce between 440,000 and 600,000 tonnes of high purity ilmenite, which is used in personal care products and as a pigment in paint, from Dundas in north-west Greenland by the end of 2021. It will start the approval process for a mining license in three to five months’ time, the company said.

The plan is for the material mined in Greenland to be shipped to a processing plant in Canada in the six months during which sealanes are accessible and not frozen. Rio Tinto is currently evaluating whether to partner with Bluejay, and it has received a 42,000-tonne bulk sample from the project developer to analyse in Quebec.

Climate change has been critical to making the project viable, Mr McIllree said, as 25 years ago the mining location would only have been accessible to ships for two or three months a year.

“Climate change has meant that access to these remote ore bodies is available. Greenland represents the race for what is left,” said Mr McIllree.

An offer by a state-backed Chinese group last year to construct three new international airports sparked concerns in Washington and Copenhagen about the growing influence of Beijing in Greenland. Mr McIllree described the event as the “real catalyst” for heightened interest in Greenland’s resources.

The Chinese plan was eventually snubbed as Denmark, under heavy pressure from the US, trumped the offer.

The US government has stepped up engagement with Greenland through a memorandum of understanding to conduct a hyperspectral survey to map the country’s geology and a growing political presence that has turned the Arctic nation into the host nation with the most US diplomats per capita in the world.

The US government has been making efforts to promote the development of critical minerals independent of China, with the mineral agencies of the US and Australia signing a research agreement on Tuesday to quantify their reserves of critical resources.

Bluejay is also developing two projects in south-west Greenland for nickel, copper, platinum, cobalt, lead, zinc and silver, and money from the equity raise will also help to fund drilling at these locations. Its shares remained flat on Wednesday.

Greenland has also caught the attention of some major mining houses.

Anglo American secured rights in July to explore areas containing nickel, copper and platinum group metals.

“This is yet another sign of the commercial potential for extracting raw materials in Greenland,” said Rolf Kjærgaard, chief executive of Vaekstfonden.

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[monet] 20/11/2019 18:24

Just google, (Danish and Greenlandic government bodies invest in Bluejay Mining)
and it will take you to that FT article.