Jangada Mines Share Discussion Threads

[2prsimo] 28/5/2019 07:29

I agree Deacon - you can really see the frustration at the value London attaches to the PGM asset - better switching it to Canada, where it will be easier to fund. This is almost like a jv.

[the deacon] 28/5/2019 07:27

Yes, well funded with a focus on proving up a world class vanadium deposit. I think it's a good move personally

[2prsimo] 28/5/2019 07:23

Fascinating RNS this morning - talk about left field. Seems a decent deal on first scan reading.

[red army] 23/5/2019 20:07

If the story has not changed here then why worry. There is not s lot we can do about market forces so patience is key

[jailbird] 23/5/2019 19:56

Looks the trade war will drag down all resource stocks regardless in production or development.

All abliut timing for the junior stocks, so if production is not expected for another 12-24 months, then I guess these will no panic about metal prices for now.

[andy] 23/5/2019 10:43

wooster.


it's not just AIM, Canadian listed juniors are also suffering, even the good ones who have a decent project and some that have production even, the market just isn't interested in mining right now.


Which creates an opportunity for those of us that are focused on mining, we just need to time the bounce right.


I see every further down day as a day nearer to when mining bounces back into fashion personally, otherwise the world is going to have a mineral supply problem at some point in the future!

[wooster4] 23/5/2019 09:31

2prsimo - i would love to agree but wider market is dreadful. I've run out of superlatives to describe how awful it is.

Jailbird - i am a large holder in HZM - however, one of the reasons for the bad reaction upon announcement of their BFS was the sudden move from using 12000 to 14000 as their base case for nickel prices.

Am sure that both these companies will come good but AIM is not helping at the moment.

[2prsimo] 22/5/2019 19:18

Good point pilot - I would expect to see double digits here after the BFS - which is around 25 million market cap - peanuts for what the company have - the BFS will prove it all up.

[pilot48] 22/5/2019 18:44

For HZM, they raised at 2p and more than doubled. People just sold on news and it was a crowded trade. You don't have every man and his dog taking positions ahead of BFS here so should rerate fairly assuming it's all positive news as we expect. No institutions here either so could easily go from one extreme to the other.

[swizz] 22/5/2019 15:25

Jb and W4, some good thoughts and HZM have superb assets with fantastic potential, albeit I think the key differentiator will be the capex required, HZM need circa £400m plus to pour metal, JAN need circa £40m and hence I think they would be first to market generating revenue,...GL S

Btw - nice buy yesterday for circa £20k and certainly not your average day traders punt!

[jailbird] 22/5/2019 09:35

Hi WoosterYes I understand thatBut as we have seen with HZM good news on BFS does not necessary relate to share appreciation Just derisks the project A lot of other fundamentals play into this

[euclid5] 22/5/2019 09:28

BFS is usually produced to be able to raise further debt/equity to develop the asset

[wooster4] 17/5/2019 11:49

jailbird - since the preliminary economics were announced, reduced capex, increased resource and increased metal prices have all occurred. That will significantly increase all project measures (including LOM).

[jailbird] 16/5/2019 20:12

IRR values tend to 10-15% less/worse in the BFS... that is normal But their IRR is still excellent The LOM us 12 years which is not the best but still investable as payback will be close to 2 years Just be wary of more dilution to come before any big equity / debt rise These projects always take long than expected

[wooster4] 16/5/2019 18:53

red army - we do not know what the effect upon NPV, IRR and payback, the increased resource and significantly reduced capex will have.

[red army] 14/5/2019 22:18

We already know what's in the report or recent RNS so not convinced about share price movement when it comes out.

[swizz] 14/5/2019 20:01

p48, you may have missed the Vanadium asset size, but it circa 1km x 2km x 200m depth, so circa 400 cubic meters, at say a conservative 2.5 gravity density, I will let you do the rest, as the number is just bonkers, considering we have zero value attributed for Ptombeiras West,....GL S

[pilot48] 14/5/2019 18:49

Market will move on substantive news. This'll be the BFS results and then updates on funding discussions with banks/funders. Wildcard will be the vanadium results. Grades are good but no indication yet on size of resource. Presentation mentioned they're looking at JV/acquisition opportunities so perhaps they're looking at a free carry or funds to progress the PGM without having to go to the market for the equity piece of any project financing.

[swizz] 14/5/2019 14:31

ra, it’s probably a combination of a few factors, previous mishaps have caused some angst with shareholders, a number of commentators stating the bleeding obvious regarding Jangada needing funds to progress the asset, lack of wider investment community interest, albeit I am sure the board are addressing this and we should not loose site of the fact that the asset is of global significance, especially when you compare Pedra Branca and Ptombeiras West against their peer group, it is of significant stature in comparison and with the BFS being imminent, it does put the company in a very strong position to develop JV, partners, royalty and streaming and I would expect that London will not be the only city interested post BFS, plus some liquidity and buying interest would not go a miss and with a free float of less than 20%, it could be quite explosive if interest does pick up at any point soon,....GL S.

[red army] 14/5/2019 13:08

So why didnt market react positively to this news????
What will move them.

[swizz] 13/5/2019 10:42

Excellent news this morning and what was clear in the recent ratification of the Mining Master Plan for Fortaleza region and Ceará state, the Jangada team are fully aligned on the ground with the jurisdiction in Brazil, which any observers and participants of the resource sector will understand what a significant milestone this is,.....GL S

[someuwin] 13/5/2019 08:25

13 May 2019

Jangada Mines plc / EPIC: JAN.L / Market: AIM / Sector: Mining

13 May 2019

Jangada Mines plc ('Jangada' or the 'Company')

Completion of Social, Legal and Environmental Review

as Bankable Feasibility Study Nears Completion

Jangada Mines plc, a natural resources company developing the Pedra Branca project, South America's largest and most advanced platinum group metals ('PGM') and nickel project (the "Project"), and the Ptombeiras West vanadium project, is pleased to provide an update on the bankable feasibility study ('BFS') that is nearing completion at the Project in north-eastern Brazil.

Highlights

-- On track with completion of BFS to confirm the technical and economic viability of the Project
-- Completed verification of the environmental, legal and social components of the BFS

o No environmental, legal and social risks that could impact development identified

-- Verification of the metallurgy component of the BFS underway and close to completion, following which, the final mine design process can commence

Brian McMaster, Executive Chairman of Jangada said, "The delivery of a combined BFS for the PGM and nickel assets to further confirm Pedra Branca's technical and economic viability will represent a significant milestone in the development of the Project, and we are delighted that we are close to achieving this. The assessment of relevant environmental, legal and social factors is a key consideration and it is reassuring that no red flags have been identified in this process or in the earlier work completed for the environmental licence application that we were awarded in October 2018.

"The findings from this verification stage of the BFS, across all the various components, have consistently demonstrated both the potential and the feasibility of the Project"

Further Information

The Company is close to completing a BFS at its 48,000 hectare Pedra Branca PGM-nickel project, which has a JORC (2012) Compliant Resource of 2.2 million oz of PGM+Au, 298 Mlb of nickel, 50 Mlb of copper and 15 Mlb of cobalt.

The Company is currently focused on the initial verification phase of the BFS, which on completion will enable the Company to move towards the mine design process - see summary below:

[the deacon] 10/5/2019 18:18

Yup agreed. At £5m and with the BFS almost upon us, there's a significant amount of upside to be enjoyed here. £10m would be the very bare minimum you'd expect pre-BFS.