Bluejay Mining Share Discussion Threads

[snowyflake] 10/10/2020 19:23

When announcing the application for a listing on the US OTCQB, RM said that the company would update shareholders as the process moved forward. Unless I have misread the detail in the half year report announced 30th September there was no mention of the OTCQB.

May we have an update please.

[archie222] 10/10/2020 09:54

scratch that first bit on the interim's (no RTFT mention as I thought)

[archie222] 10/10/2020 09:33

Unlike the interims no mention of Rio in the HP research note. share price Angel recently suggested that the RTFT test was still on for next year. The change in circumstances (new offtake front runner) would mean that, if RTFT were still interested in supply, BJ would have a much stronger hand in any contract negotiation. Contingency-wise, if for nothing else, it would seem to make sense for RTFT to have a second source of supply on their ‘doorstep̵7; (particularly given RBMs ups and downs).

[shutittrev] 10/10/2020 09:09

Hi Kemi
"I have again asked my people to keep loading up below 9p as I suspect some guys are slowly dumping."

Who exactly are your people?
Or are you being pompous and self important?

My money is on the latter.

Cheers old boy.

[kemismelt] 10/10/2020 08:34

BBB@8416:

I know RM as a good, hardworking geologist trudging on a moth-eaten strategy wrt our semi-weathered DUNDAS ilmenite in a remote arctic location. I am not competent to comment on his other explorations. I will also see til end MAR21. Don't drop your holdings even if the market surges to 11 or 12p.

[bigboyblue] 10/10/2020 07:32

Not a blind loyalist Kemi; I have learned to take anything RM says with a large pinch of salt, but it does seem to me that the project is making good progress. We'll see.

[kemismelt] 10/10/2020 07:22

BBB@8414:

You are a loyalist wearing blinkers! Statusquo is not the answer at this juncture when the scrip is hitting permafrost and all of us can get frost-bitten if we dont keep moving! I have again asked my people to keep loading up below 9p as I suspect some guys are slowly dumping.

[bigboyblue] 10/10/2020 06:50

We all know this is not independent research, but I find the timing of it encouraging particularly in respect of the offtake agreement. Surely the company would not want to pay for this research only to let shareholders down within a few weeks, nor would it do much for Hannam + P's professional reputation to write a load of rubbish.

My take on it currently is that we already know the licence is in the bag (although I'm sticking with my previous estimate of Nov/Dec). Likewise, the work on capex and opex has been going on for a while and the company should be able to comment on that by the end of Oct. I'm more optimistic than I was about the offtake; why ramp up expectations at this late stage if there is no substance to it? Still sceptical about the finance though. That seems to be fading into the background a bit; there is 'potential for the trading firm to also provide a funding package at a later date'. But as the report says, a licence and an offtake agreement would open up other possibilities.

Overall, encouraging.

[summerfield1] 09/10/2020 20:46

Longrod-who are the Muppets? Please clarify.

[longrod] 09/10/2020 19:52

And they are muppets.

[bigboyblue] 09/10/2020 17:57

Hannam have produced an updated report on Bluejay, published today:

Whilst Dundas is of course the priority, it's interesting to see Finland mentioned once again. Until relatively recently it barely rated a mention.

[luffness] 09/10/2020 07:53

I was referring to Johncasey who appears to think Alba and TBS are a better bet than JAY despite JAY giving up that licence, permafrost issues, environmental issues etc oh and being years behind where JAY are now

[erric] 09/10/2020 07:45

I’m not so sure that anyone arriving new to this company could be called idiotic - more perfect timing I think.
I’ve been here since 15p, then more at 12 then more at 8 ( you know the drill: can’t go much lower, amazing value, under the radar,the mining sector is not flavour of the month )- all the reasons why I got in too early.
Still here though and very optimistic about 2021

[luffness] 09/10/2020 07:19

More idiots arriving on the board - must be a good sign

[johncasey] 09/10/2020 05:43

monts..got a degree in the bleedin obvious..

[kemismelt] 09/10/2020 03:42

115ktpa DUNDAS ILMENITE CRUTIAL TO THE SISIMIUT SMELTER :

[1]. Only QUANTITY ilmenite that can be locally available on the west coast of Greenland by Q3FY2022 as steady feedstock to smelter.
[2]. Cost-effective transfer of HMC in barge-trains from PSP near mine site to the Hybrid-HIsmelt HiTi-Slag plant at Sisimiut ~600km south along the ice-free west coast.
[3]. Higher average grainsize of ~220um facilitates better FB-preheating and prereduction with lesser carry-off to dust separator and WHR units.
[4]. High FeO and low gaunge chemistry enables easier fluxing in the SRV.

[monts12] 09/10/2020 01:06

John, you obviously didn’t get good grades..

[johncasey] 08/10/2020 23:51

arent alba grades better than jay's?..its all about the grades

[perfect choice] 08/10/2020 23:06

Just a reminder to investors of the yet to be developed potential of Dundas. Found some information I was looking for from past RNS's and interviews. The Iterlak Delta Ilmenite is yet to be included in the Indicated and Inferred mineral resource for Dundas, but it has had drilling done. You can find details on this back in September 2018 where 23 holes were drilled at an average of 12 metres depth which did not reach the bedrock (and no permafrost).

What is not specifically stated in the old RNS is that they actually managed to drill down to 26 metres for one drill being the maximum the drilling rig could go down to and they still didn't get to the bottom of the Ilmenite. Notably it was good quality and consistent all the way down.

So while Dundas has a current JORC resource of 117Mt, there is a significant un tapped addition for the Iterlak Delta and the offshore beach. There tends to be comments stated about the offshore beach beyond the initial mine plan, but the Delta looks an enticing further add-on for the future.

[perfect choice] 08/10/2020 15:38

Obvious point missing here is that you have to raise significant money to prove up a resource as substantial as Dundas to even get to that PFS, which includes the SIA and EIS to be fully developed over several years even before you can apply for an exploitation licence. That takes years of effort and cost. Its actually realistic to realise what it takes. The point here is that Alba are not even mentioning the cost yet to come to even see if TBS is viable.

Oh and on the comment about largest resource, that is referring to ilmenite mineral sands and to quote specifically "highest-grade mineral sand ilmenite project globally". The chemical composition of Dundas Ilmenite is known by all parties and published on relevant web sites with a full chemical composition breakdown all the way down to only traceable quantities published in the exploitation licence application. JAY could not be more open on this, never mind samples sent to actual prospective customers. So as said previously they know exactly what they will get already and want to proceed to offtake agreements.

So George is the one not being open IMHO, the Metallurgical Process Development Programme announced by them today is effectively a concept programme. They haven't even starting anything like an EIS study which will take at least 3 years to complete and even if completed, chances are it will be rejected due to reasons already mentioned earlier on this thread. So at the very least with everything running to plan (unlikely), they would be 4 years away from an exploitation licence. Alba really don't get why JAY walked away from this licence.

Do not waste your money on a no hope sky blue prospect IMHO. Got nothing against George himself, just think he is chasing the impossible and will waste his investors money.

Oh and RTIT is delayed not wasted, reasons for that I think have been reported on this thread already. Also need to remember that the output of the pilot plant in Quebec was only ever intended to be 50% sent to RTIT, which they knew was the case and publicly stated, while the other 50% would be split up and sent to "others". What has actually happened with the RTIT delay, is that 100% of the limited production before Covid lockdown has been be sent to "others" instead. RM has certainly not wasted money on RTIT as it wasn't just for RTIT and has helped with current offtake target clients, We are about to receive the benefit of that shortly IMHO. But looking at Alba's repeated fund raisings and lack of progress it obvious to me who has been wasting money.

[luffness] 08/10/2020 14:43

Alba licence area was rejected by Jay - Alba now trying to raise cash off mugs using Jay's progess - disgraceful

[kemismelt] 08/10/2020 14:33

Longrod@8398:

You are uncharitable to George (ALBA) while shielding Rod (JAY) who raised so much money for months even without a proper PFS calling DUNDAS ilmenite foray 'the worlds largest resource' hiding the fact that it has the lowest TiO2 value which is what the market needs. Again Rod (JAY) went chasing the RTIT mirage dumping your money these two years ignoring sane advice. I dont think George was such a charlattan. Be fair.

[bigboyblue] 08/10/2020 10:01

Whilst on the subject, people may recall that Bright Star Resources obtained an exploration licence on Disko Island a year or so ago. They recently acquired another one, 86sq km in Eastern Greenland. George F is a director of Bright Star.

[longrod] 08/10/2020 07:30

they come and go with the market these guys. They are yet to do even 1 year of baseline studies reading their materials

That and that area is a no go zone due to it being a narwhale breeding zone amongst other things..

Wish old Georgie porgy the best of luck with that one, they will raise money though, thats the objective.

Maybe their client is Kemi

That should keep them occupied and him wasting someone else's oxygen

haha

[bigboyblue] 08/10/2020 07:24

Indeed. planning to raise 'project-level capital to fast-track TBS through the development phase.' Very amusing.

Oh well, none of my business I suppose.