Jangada Mines Share Discussion Threads

[sclper] 27/11/2018 08:20

Yes, one of the big attractions here is the modest amount of funding required due to low CAPEX and OPEX. Low cost open pit mining with very little stripping required.

Also both JAN & EUA have the potential to substantially increase their resources by proving up other areas of their licences.

[drh3] 26/11/2018 23:19

The capex is tiny in comparison to the one at EUA. The EPC contract they have is 150m, or 4 times higher. The resource is bigger, but no more than twice as much as far as I can make out.

[novicetrade68] 26/11/2018 22:08

The required capex is quite low here, I was flicking through the admission doc over the weekend and at times almost got the sense this is a mine that could actually be build. But I haven't finished the whole piece yet ;-)

[sclper] 26/11/2018 21:54

According to JAN's CEO Consulmet is very experienced in The PGM space and had been doing due diligence on JAN since February. Consulmet was very impressed with the project and were very keen to take an equity stake. Definitely seems like a big vote of confidence in the project.

I think the BFS is expected to be completed in March.

[drh3] 26/11/2018 20:08

Yes, you are right, they only get the shares once they do the work. They must have faith in the company if they thought it was a good deal.

[pilot48] 26/11/2018 19:48

Haven't checked L2 recently but Berenberg are shorting a number of AIM companies so that's a reason for the downward pressure. Expecting JORC this quarter for copper/gold and confirmation of application for trial mining licence. BFS to follow but not seen any guidance on when.

[sclper] 26/11/2018 19:26

I'd be surprised if it's Consulmet selling as it doesn't receive its shares until the work has been completed. It's most probably still an overhang from the placing but that was a while ago so hopefully it will be cleared soon.

Jangada will build it's own flotation plant to process the ore into a concentrate. The concentrate will likely be sold to a large international group for smelting. I would expect an offtake agreement to be signed.

[drh3] 26/11/2018 18:14

Volume in shares seems to have picked up end September with the placing. I imagine the subsequent sell off is by consulmet as they got paid in shares as payment. By the volume I think they must be nearly there...?. seeing that the subscription price was at 3p, I would say it It's a good entry price. Does anyone know where the ore would be processed?

[sclper] 26/11/2018 16:10

Seems very under the radar at the moment. There's plenty of newsflow expected in the coming days/weeks/months so hopefully that will change.

This is the full text from the Brandon Hill Capital Broker Note issued on 12 November:
" Jangada Mines - Jangada Announces Optimised Flowsheet and Reduced Capex for Its Pedra Blanca Project Current Price: 2.425p Market Cap (M): £5.7 EV (M): £5.1 Event Jangada Mines (“Jangada̶1;) has announced a substantial reduction in the preliminary capital expenditure, as a result of the creation of an updated process flowsheet in partnership with Consulmet Metals (Pty) Ltd ("Consulmet"), for its Pedra Branca PGM project ("Pedra Branca, in the north-east of Brazil. Highlights The highlight is that the preliminary capital expenditure has been reduced from US$54.2M to US$33.8M Comment This is excellent news. Not only is the initial capex being reduced by 38% to US$33.8M but the overall capex has been reduced by 32% to US$43.9M. The reduction in the capex has been brought about by the use of Consulmet, who are specialised PGM Group plant designers and process flow specialists who have a raft of experience building PGM plants in South Africa. They have a very accurate database and have refined and optimised the original flowsheet in line with their experience. The revised flowsheet is a notably simpler and more efficient process than previously envisaged, and will form the basis of all subsequent test and design work relating to advancing the project toward FEL3 level (commonly known as BFS level) feasibility. BHC has re-run our model of Jangada, incorporating the revised capital expenditure numbers. Using a 10% discount rate, the net present value after tax, but unfunded, has increased to US$204M from US$177M. The internal rate of return has increased from 64.3% to 151.7%."

[novicetrade68] 26/11/2018 16:05

Me too, looks very interesting here now with palladium seemingly on a bull-run.

[drh3] 26/11/2018 11:32

Looks like an interesting share.... have taken a small bite & will keep it on the radar.

[the manini] 12/11/2018 14:29

From Brandon Hill Capital broker note..."BHC has re-run our model of Jangada, incorporating the revised capital expenditure numbers. Using a 10% discount rate, the net present value after tax, but unfunded, has increased to US$204M from US$177M. The internal rate of return has increased from 64.3% to 151.7%."

[maverick247] 12/11/2018 07:35

Very much so and market continues to ignore the numbers incredible

[the manini] 12/11/2018 07:28

2 RNS out today. 32% reduction in overal capex costs to production, Reduced ongoing opex costs due to simpler work flow. The fundamentals here just got even more compelling!

[burtond1] 31/10/2018 09:21

https://total-market-solutions.com/2018/10/31/brazils-newly-appointed-president/New president looks positive for the mining sector and attracting new investment...

[andy] 22/10/2018 10:36

Yes heavy volume trading going on, some news must be imminent I guess.

[billyboychrisd] 22/10/2018 09:10

Huge buying here, where is the supply coming from? I've just topped up 250,000 as it can't be going any cheaper from here (I hope).

[maverick247] 12/10/2018 11:36

Not at £6m cap with those assets ! I think you are dreaming thereThe funded bfs settled by shares to the consultant was a master stroke

[daar] 11/10/2018 11:14

Sub 2p looks likely now

[andy] 04/10/2018 11:00

burton,


They seem to be going on an IR campaign, to counter the disappointment of the discounted placing!


I think investors are wise to these things now, years ago it would have worked and they could have spun a good story to talk the price back up, but those holders that have just been diluted will take some convincing, IMO.


I guess they'll be presenting at Proactive or Shares next.....

[burtond1] 04/10/2018 09:42

https://total-market-solutions.com/2018/10/04/feature-article/Decent write up by Holly Black of the Sunday Mail...

[andy] 01/10/2018 09:38

That's just another Proactive!


All friendly stuff.

[burtond1] 01/10/2018 09:35

https://twitter.com/tmsreach/status/1046677926538874881?s=21...In a frank exchange, @DDS_DocHoliday catches up with Brian McMaster, Chairman of @jangadamines ,to account for his previous comments regarding the funding of the company and his thoughts on the outlook of the business moving forward...

[parisv] 01/10/2018 09:33

...In a frank exchange, @DDS_DocHoliday catches up with Brian McMaster, Chairman of @jangadamines ,to account for his previous comments regarding the funding of the company and his thoughts on the outlook of the business moving forward...