Bluejay Mining Share Discussion Threads

[perfect choice] 01/7/2020 14:53

Lets not forget that before Covid-19 appeared, JAY were all set for maiden drillings programmes in 2020 for both Disko and Kangerluarsuk, all covered under the previous fund raise. See RNS Number : 9198A (27th January 2020) and RNS Number : 9761T (20th November 2019) and RNS Number : 7014P (14th October 2019), which stated a 28 drill programme being identified for Disko.

One of those RNSs refers to negotiations ongoing with 2 drill contractors, so issue is whether either of those contractors can stand up their operations and drill at least some of those targets before the 2020 season comes to an end? The other factor to consider based on AGM Q&A is that JAY is currently in discussions with partners for their licenses so they may be brought in before drilling commences? Always thought myself drilling at Disko would be to validate the prospect before bringing in a partner, but maybe enough work done now before drilling to reach agreement which could be a possibility.

Expecting announcements over the rest of this year which was indicated from AGM Q&A session so a case of watch this space.

In the mean time Dundas is the near term commercial prospect of course.

[rampair] 01/7/2020 14:07

an example would be to take baseline samples of our licences then at least we would have made a start perhaps?

[rampair] 01/7/2020 14:05

interesting thing that nalunaq is open again, We own just behind it (sorry if posted before) so I see no reason in us not going there for an exploratory drill, except JAY keeping their cash.....

I get a bit frustrated that management seem to feel cash is there to keep the company going, yes, that is important but we raised cash to ensure we had a chance of hitting something in Greenland, not just to keep it going. job security is important but mining is a risk business ,I feel that either promotion of prospects or action is what we need.

The alternative is to dwindle away, slowly.

R.

[mirandaj] 01/7/2020 10:39

"Exploitation Licence 2003-05 – Nalunaq The Nalunaq property is located in South Greenland in the Municipality of Kujalleq. The property includes a former underground gold mine (closed in 2013) and is situated about 6 km inland in the Kirkespirdalen valley, about 33 km northeast of the town of Nanortalik. The licence covers an area of 22 km2 and was first granted to Crew Gold Corporation in April 2003 and is valid until April 24, 2033. Angel Mining PLC purchased the project in 2009 and operated until closure of the mine in 2013. Despite closure, the licence remained in force and its transfer to Nalunaq A/S was approved, with amendments, by the Government of Greenland in March 2016. The Exploitation Licence grants Nalunaq A/S the exclusive right to undertake mineral exploration and exploitation within the licence area, subject to approval by the Government. The current terms of the licence under Addendum 5 dictate that Nalunaq A/S must commence exploitation by 1 January 2023. In this regard, a Social Impact Assessment and Environmental Impact Assessment must be submitted by 31 December 2022 and that an Impact Benefit Agreement shall be negotiated and concluded by 31 December 2022. All surface infrastructure was removed when the mine closed, apart from a jetty at the coast and the gravel road between this and the mine. The area is in mountainous terrain and has a sub-Arctic climate. The fjords in the area remain unfrozen all year."

[archie222] 01/7/2020 10:07

Maybe of interest?

hxxps://s3-eu-west-2.amazonaws.com/wp-aexgold-2020/media/2020/06/30204315/AEX-CPR_2020_v9-1_Clean.pdf

Esp. Page iii(SIA/EIA)

[bigboyblue] 01/7/2020 07:02

I know I keep going on about AEX Gold and here's another following yesterday's announcement:

My point is that AEX announced last week that they had agreement from Greenland's covid Commission to restart work. Now they are claiming 'first mover advantage' in Greenland. What's going on I wonder? Why haven't we announced that the preplanned drilling campaign for Kangerluarsuk is going ahead? Has anyone here spoken to RM recently (and received a reply)?

[bigboyblue] 30/6/2020 07:05

Might be of interest to some on here:
Marketing to institutional investors only it says.

[futuredlighter] 29/6/2020 11:45

going to breakout soon

[bigboyblue] 28/6/2020 09:49

All current licences (exploration, exploitation, scientific permits etc) are listed here: most recently awarded first.

If you click on the little blue icon in the first box of each line it gives you the basic details, including the date of application and the start date. They aim for 3 months in the case of exploration licences but rarely achieve it. AEX did pretty well for their most recent one at just over 4 months. No target is given for exploitation licences because there are too many variables to take into consideration.

[graham10k] 27/6/2020 15:37

Thanks luffness

[luffness] 27/6/2020 14:45

See 7748 for exploitation licences

[mirandaj] 27/6/2020 10:33

Following bigboyblue 7778

[graham10k] 27/6/2020 10:15

Just curious but I wonder how long these other companies have taken to get their licences from the Greenland government.

[bigboyblue] 26/6/2020 07:10

Nalunaq (AEX Gold) have been awarded another massive licence in S Greenland. It's a further 1,700 sq km and surrounds one of their existing licences, just the other side of the fjord from one of our new Thunderstone licences.

[kemismelt] 25/6/2020 23:32

Perfect Choice25 Jun '20 - 19:04 - 7776

While I thankfully agree with your take on the lifecycle features at JAY, I prefer to think that Dundas is its only workable prospect. JAY with a top-heavy management structure has already flitted away its cash-chest, far away from this core asset. It would be next to impossible for RM to raise further institutional finance for Disko and Kangerluarsuk at this stage.

[perfect choice] 25/6/2020 19:04

Obviously some people feel September is a long way off and commercial agreement (offtake commitment expected) and financing are the real project (and value) makers for Dundas. Nice buying time IMHO then, as Dundas is now significantly de-risked.

At moments like this I recall the value lifecycle diagram of a junior explorer/minor (example at Basically 2 stages of value to focus on, these being the main discovery point and commencement of operations.

Dundas is at the bottom before the final peak I would say but also consider the lifecycle for Disko and Kangerluarsuk which are starting to move along that initial line up to the Speculation > Initial Discovery stage, but we need drilling results to confirm the viability of the prospect for that stage.

Just highlighting to show while there is focus on Dundas as lead prospect, there may well be some nice share price jumps for the other projects as and when JAY are able to progress.

[futuredlighter] 25/6/2020 17:01

Very disappointing move today

[trad3m3] 25/6/2020 15:15

Had another top up today!

[kemismelt] 25/6/2020 09:40

Perfect Choice25 Jun '20 - 09:19 - 7772

As often mentioned by me on this BB, ~1150ktpa of HMS from the Moriusauq ilmenite resource from FY2022 each FS is not a problem. Moving it to Sisimuit MSP dump is! RM has to work on this from what is left of FS20-21.

[perfect choice] 25/6/2020 09:19

AGM Q&A indicated Dundas offtake and financing being worked on right now with sources for both. There was also mention of discussions underway (being commercially sensitive so confidential) on other JAY prospects including even Finland which we tend to forget about. So message is its not going to be quiet until October and there is other news to come out.

[drmaccers] 25/6/2020 09:16

Any Disko JV news will blow this out of the water

[lynmee90] 25/6/2020 08:43

Nice to wake up to a positive RNS. This should move up nicely now. Be nice to get the news in September but October still great given the Covid-19 situation

[2 risky] 25/6/2020 08:15

13-16p? that would be nice, would happily exit and forget.

[futuredlighter] 25/6/2020 08:10

There we go.. on it's way

Sp should be slow and steady on course to 13-16p

[perfect choice] 25/6/2020 07:53

Yep, RM was busy at his typewriter BBB!

Notice comments from Hans Jenson as copied below. This is personal and local, with comments like "once in a lifetime opportunity for employment and growth in the region". This will happen.

Hans Jensen, Managing Director of subsidiary Dundas Titanium A/S said: "We very much look forward to continuing the good working relations with the Greenlandic Government, local stakeholders, suppliers and the Avannaata Kommunia; the municipality of North-West Greenland, in the continuing effort to create a sustainable, low impact, long duration mining operation for the benefit of Greenland and all stakeholders.

"Being able to support and create job opportunities for the community in the high Arctic is a special privilege. I have lived and worked in Greenland for 32 years and I have travelled all over the country, but I must say that the population living in the high Arctic deserves opportunities like this. Dundas could be a once in a lifetime opportunity for employment and growth in the region. Last year, in collaboration with The School of Mines in Sisimiut and the Government, Bluejay commenced training and educating potential machine operators, and we have already had students from The School of Mines and the local communities working for us during our summer programmes.