Jangada Mines Share Discussion Threads

[swizz] 14/3/2019 11:16

DB, I posted something similar on LSE and it’s an excellent overview of the progress and potential, however it fundamentally fails to reflect the financial position accurately, you completely ignore the £1m unsecured loan, which was an intrinsic part of the £2.1m funding package and was clearly referenced as “not drawn down” in the interims a few weeks ago, I would suggest an amendment / further clarification of that section is justified and that should be released today,...GL S

[burtond1] 14/3/2019 08:57

Despite an impressive rise from 1.6p to 2.7p this year on the back of steady progress, @jangadamines remain below the 4.8p they sat at before last year's resources downturn. With plenty of newsflow on the horizon, could #JAN now be a decent BUY?https://twitter.com/tmsreach/status/1106116347006803968?s=21

[the manini] 11/3/2019 19:28

According to that broker report... "The resource is currently open along strike and at depth. The current presentation indicates that the deposit dimensions are 2,000m long, 1,000m wide and a depth of 200m. This suggests an orebody of around 400Mt which has been indicated through geophysical 3D modelling."This is rapidly becoming my favourite share potential wise, if I can take profits elsewhere I'll be loading up further here. PDYOR.

[pilot48] 11/3/2019 18:13

Quality was already known, what will move the dial is how much vanadium is in the ground. Still early stage so it's a nice side venture but keen on BFS release so we can move towards trial mining.

[cascudi] 11/3/2019 13:30

Strange market reaction. Probably it was already in the price and as they say people invest on the rumour and take profit on the news. But future seems promising

[swizz] 11/3/2019 11:22

The update from Brandon Hill this morning, adds some decent perspective to the potential and also provides some interesting peer comparison data,...GL S

“Perhaps the best comparison is with Largo Resources, also located in Brazil. The company operates the Maracás Menchen Mine in the province of Bahia. The mine commenced commercial production of vanadium flake in Q3 2014 and has a contracted take-or-pay off-take agreement with Glencore International Plc. for 100% of its vanadium material which expires in Q2 2020. The mine is projected to produce between 10,000 and 11,000 tonnes of vanadium pentoxide in 2019 which is inclusive of high-purity flake and powder. The Company announced in April 2018 plans to expand production capacity by 25% at the mine with construction which began in June 2018. The enhanced production rate at the Maracás Menchen Mine is expected to result in an additional 200 tonnes of V2O5 being produced per month totalling 1,000 tonnes per month beginning Q3 2019.“

[andy] 11/3/2019 08:58

red,


Possibly because of the use of the word "potential".


It's early stages yet, so whilst these results look good, they have to be replicated over a larger area.


You have to wonder why a previous company walked away from the deposit, which sort of causes a nagging doubt, although larger companies often make mistakes that juniors are able to capitalise on.

[red army] 11/3/2019 08:30

Blimey - if the share price cannot move convincingly up on this news then when can it?

The market does not seem to be convinced of the story yet.

[tomboyb] 11/3/2019 07:29

Good rns -

Highlights

-- Drill results confirm the presence of a high-grade deposit with potential for significant resource delineation

-- High-grade zone contains an average of 0.83% V(2) O(5) , 11.6% TiO(2) and 48.4% Fe over a 12.8 m average downhole width

-- Total mineralised intersections range from 26 m to 46 m wide with average grades of 0.57% V(2) O(5) ; 8.1% TiO(2) and 37% Fe

-- High grade mineralisation commences at surface and remains open at depth and along strike
-- Preliminary metallurgical tests demonstrate that the material can be processed by conventional methods currently used for the ore type globally

Brian McMaster, Executive Chairman of Jangada, said, "The findings of this drill campaign are highly encouraging and further support our belief that we are discovering a potentially world class vanadium deposit. The mineralisation is consistent in width and grade, with high grade mineralisation starting at surface, all of which are very positive indications. The holes that we have drilled to date are shallow and have returned excellent results. The resource potential remains open at depth and along strike. If we continue to replicate these results in future holes then we will likely be holding a very substantial deposit. These results further confirm the breadth and potential scale of Pitombeiras West specifically, and Pedra Branca more widely."

[simoore89] 11/3/2019 07:03

Nice rns, hopefully push up to 3p now

[swizz] 10/3/2019 15:57

During this period of relative calm, I am beginning to wonder if there is more to this than meets the eye, we know from previous comments from the board, that they consider Ptombeiras West has the potential to be a tier 1 Vanadium Pentoxide discovery, it just seems odd that we go from these comm’s, to a series of events that starts off in mid January, that drilling is starting imminently and will be concluded by the end of January, to then further updates in early February and the end of February that drilling is still on-going, with the added snippets that the sample grades are 3 x higher than anticipated, along with the other revelation at the end of February that the board are actively seeking JV and acquisition partners for the Vanadium asset and also that they are still drilling, which is circa a full month later than their anticipated completion, if I was a prospective partner for one of the most sought after minerals on the planet, I would probably want to have a period of exclusivity and I would probably want an opportunity to prove concept further, without the added pressure of other interested parties interfering and I would also want to suppress the amount of detail in circulation, The next couple of weeks may turn out to be more interesting than we are expecting and I for one am already expecting quite a lot,.....GL S

[swizz] 05/3/2019 13:47

The economics have improved due to a number of factors, as detailed in the RNS dated January 29th, hence why BH have updated and why you have the variance you have set out below, I would be very surprised if the BFS model does not demonstrate the economics are further enhanced and the metallurgical report due later this month should provide further insight into that, add in the Vanadium and could we potentially be looking at a $1 Billion asset?, I would suggest so and probably why there is such disbelief at our current mkt cap of circa £6m,....GL S

RNS...

[euclid5] 05/3/2019 11:10

does anyone know why the PEA value is just $192m Npv yet the Brandon Hill is $417m NPV on just 10% of the total resources.

I assume their NPV doesn't include Capex / Operating costs etc, when the PEA does?


If the BFS due in 2Q19 has the |NPV circa $300m - $500m then it's quite valuable - not sure the market is getting too excited about a $192m Npv

But a large diff in values from $192m to $417m

[swizz] 01/3/2019 10:22

An overview of the current dynamics unfolding in the Palladium market and a good listen, along with being potentially very favourable for Jangada,....GL S

[roguetreader] 28/2/2019 13:54

Swizz,
I agree the Nzurri Kalongwe project does have a very similar high-level financial and development profile looking at their FS, all be it the metals profile are not quite comparable. If anything, IMO, JAN looks a better proposition especially with the recent upgrades which are not included in the JAN PEA. It will be interesting to see what happens to the share price when the BFS is issued. The good news for me is the current share price has given me (hopefully) a great entry point.
RT

[red army] 28/2/2019 13:43

The chart is suggesting first stop 4p

[swizz] 28/2/2019 13:18

The market cap at £6.5m is very much disconnected from the asset value, it was interesting to note that Nzuri have had a DRC copper asset taken out for circa $110m by a Chinese consortium, that had very similar economics to Pedra Branca prior to all of the recent news flow from Jangada, also taking into account the complexities of the DRC jurisdiction, it just further demonstrates the value disconnect that exists with Jangada at the moment, without even taking into consideration the Vanadium potential,..bonkers IMHO......GL S

[norfolk enchance] 28/2/2019 11:58

Hidden gem I feel, good positive results, plenty of potential and low market cap.

[2prsimo] 28/2/2019 11:55

Over 3p today?

It deserves it - there has been some great news put out by the company just recently - market slow to catch on.

[swizz] 20/2/2019 09:42

Further thoughts from Brian,...GL S

[swizz] 20/2/2019 09:42

Nice one ra, also interesting to note the Palladium charge continues at a pace and with it being a key element of Pedra Branca, this will now have reached the point where a material uplift in the previous element basket price will have to be accounted for, with all other key elements of Pedra Branca also on an upward curve, it will be interesting to note where the economics stand, especially taking into account the Vanadium asset qualification, could Pedra Branca potentially be heading for an NPV of $1B.....not that it would make any difference on Aim, but I am sure it will make a lot of difference to potential JV and project partners,....GL S

[red army] 19/2/2019 12:26

Added to my position this morning.

[the manini] 18/2/2019 23:02

https://www.kitco.com/news/2019-02-18/PRECIOUS-Palladium-soars-to-record-high-on-supply-deficit-gold-gains.html

[the manini] 16/2/2019 00:35

https://www.youtube.com/watch?v=wR0lfom0jaI