Member Info for A-s-h-t-o-n

Interestingly, although copper is among the critical materials for energy (“the electric eighteen”), it is not listed among the 50 critical minerals.

https://www.energy.gov/cmm/what-are-critical-materials-and-critical-minerals

CC - I would not associate any of 80M's assets with the 17 Rare Earth Elements (REE). In fact, I did not mention 80M at all in my note, though I made a brief reference to Greenland. The main purpose of my note was to highlight the fact that REE have become a weapon in the tug-of-war between the U.S. and China, and any mention of Greenland in the media helps to keep the spotlight on the island. By the way, Zinc is not an REE. However, the U.S added the metal to its critical minerals list a couple of years ago.

IvRoche - You are right, Ilmenite is not on the U.S. critical minerals list, but titanium is.  As you will know, Ilmenite is the primary ore of titanium.

https://tinyurl.com/4tmrvhrd

White hydrogen: 5 critical questions answered

https://www.weforum.org/stories/2024/08/white-hydrogen-5-critical-questions-answered/

If you have not seen the Jameson Land RNS 20 June 2024, I suggest you take a look at the section “White Hydrogen Prospectivity”.

Greenland is on the chart, just!

https://timesofindia.indiatimes.com/world/us/china-plays-rare-earth-card-as-us-india-dig-deep/articleshow/120286675.cms

No problem CC. Now I understand what you meant.

IvRoche - You say: "Big volume towards the end today 🤔 maybe some news brewing or people just jumping on the tariff pause."

My money is on "maybe news brewing". We will know soon.

CC - Traders used to close out positions at the end of the tax year and immediately reopen them on the first day of the new tax year to take advantage of the annual tax exemption. However, it seems the traditional "bed and breakfasting" is no longer possible. You must now wait 30 days to buy an asset back and claim a capital gains tax exclusion.

https://www.investopedia.com/terms/b/bed-and-breakfast-deal.asp

For me, the RNS conveys an air of confidence of MET1​'s management in the future of the company. Among other things, the bit that caught my special attention was this statement from the CEO:

"Europe is facing an urgent need for responsibly sourced critical metals such as copper, nickel, cobalt, and zinc and is implementing policy to encourage the development of raw materials within the EU. Our high-impact projects in low-risk jurisdictions are ideally positioned to supply European manufacturers. We look forward to working with Fairfax Partners to broaden investor awareness of our opportunity to advance our current copper and nickel projects and diversify our commodity base and footprint through opportunistic acquisitions that may include gold and defence minerals projects."

For those who are new to 80M, the company owns circa 25% of MET1 and will soon have a seat on the Board of MET1.

https://www.londonstockexchange.com/stock/MET1/metals-one-plc/company-page

Https://tinyurl.com/527ym2tm

CC - You say: "I understand the change of government may have held things up a little but does the composition of the government really make much difference to 80M?"

I presume when you say "composition", you mean the makeup of the cabinet. If so, the point I was trying to make was that the reappointment of Najaa Nathanielsen could be especially helpful for 80M, given the fact that the company has had an excellent working relationship with her in the past. As you will already know, the Minister for Raw Materials is responsible for approving new licences, extension of existing licences, transferring/sharing of ownership of existing licences, field activities, etc. Please note that no such approvals have been given since January 2025 due to the elections. Now that the new minister is in place, the first field activity approval has just been granted to a company called Itinnera Solutions ApS, Nordhavn, Denmark on 7 April.

It's worth noting here that it was Naaja Nathanielsen who approved the joint ownership of Nikkeli Greenland (Disko) licences between KoBold and 80M. It was also she who approved the recent extension of the Jameson Land licences as well. These two items were not straightforward matters: Nikkeli Greenland's licences involved 80M sharing the ownership with an outside party, namely KoBold, and Jameson Land's licences cover exploration/exploitation (extraction) of not only industrial gases but also oil. It should be noted here that the Greenland Government stopped issuing NEW licences for oil exploration/exploitation (extraction) in 2021, but 80M managed to not only get its old licences extended but also retain the rights to explore/extract oil as well.

We all know how a good working relationship can help smooth pathways and speed up matters!

Published by The Economic Times today, 10 April 2025.

https://tinyurl.com/ynmcfwba

This is the cabinet of the new Government of Greenland - https://naalakkersuisut.gl/Naalakkersuisut?sc_lang=da

I am pleased that Naaja H Nathanielsen has been reappointed as Minister for Raw Materials (Mineral Resources). 80M had an excellent working relationship with her during her previous tenure, and there was even a reference to her in one the RNS releases.

It is worth noting here that mining companies that have been waiting for important decisions from the authorities to progress their business should now be able to get answers from the government with the appointment of the new minister.

Hey Rach, I just can’t understand for the life of me why you are so obsessed with my share purchases. You keep referring to them too frequently in your posts instead of focusing on what really matters. Anyway, since you insist, I can tell you that I have got my average price right down to below 0.30p. Now, please get over this matter about my share purchases and focus on more important things to do with 80M.

For instance, you ought to really smarten up on your ability to read correctly between the lines when reading my posts about potential future events to do with 80M, instead of being unproductively preoccupied with past failures of the company. You remember this exchange:

Ashton (15 Dec 2024 at 12:27): "The Company is also currently evaluating downstream opportunities in the sector and will advise as and if opportunities arise."

Rach (15 Dec 2024 13:04): "The Company is also currently evaluating downstream opportunities in the sector and will advise as and if opportunities arise." - its comments such as this and the numerous past failures and over optimistic comments that have taught me to take EVERYTHING the current BoD says with a huge pinch of salt. As I've already said - considering downstream when they haven't got upstream / mid-stream established is ABSOLUTE TOSH."

It was not ABSOLUTE TOSH, after all, because the Greenswitch downstream production plant RNS came out on 19 December 2024, just four days after my post on 15 December 2024. This is an example of how hopelessly awful you are at reading between the lines. The problem with your analysis is, as you have admitted, you "take EVERYTHING the current BoD says with a huge pinch of salt." In other words, you don't apply a filter when analysing information by writing off all of the information as ABSOLUTE TOSH, that's not a good hallmark for a researcher.

In your post (8 Apr 2025 11:35), you have described my recent posts as, and I quote, “pure waffle - nothing new, just regurgitating the same old meaningless and, more often than not, incorrect/inaccurate drivel.” There you go again, displaying your inability to read between the lines. I will give you another chance. Please go back and read my comments in my recent posts (7 Apr 2025 14:34 and 7 Apr 2025 21:32). In due course, you will see these posts were not “pure waffle” or “drivel”, as have described them.

You've got to be in it to win it, and you’re not. Shame you were also so preoccupied thrashing MET1 and, by doing so, missed out on trading that stock for a decent profit. I suspect you are going to miss out on 80M as well. With my new average price below 0.30p, if we have substantive news on Disko, Jameson and Greenswitch (or on any two for that matter), I expect to be in decent profit. I promise to return to this post in due course.

CC - I like your energetic interest in JL, which I share, and let’s hope we can have a drink (or two) together if your enthusiasm for JL is vindicated this year. On 13 Feb 2025 18:49, I started a thread with the title “What’s so unique about 80M's Jameson Land Licences?" Who knows, apart from the uniqueness of its licences, will JL deliver another uniqueness before the year is out?

Jimbolina - Yes, Rod did say that with the benefit of wisdom, the company should have started with Kangerluarsuk instead of Dundas (or words to that effect). Kangerluarsuk is a district-scale Zn-Pb-Ag ± Cu asset and is adjacent to the former high-grade Black Angel Zn-Pb-Ag mine. Oh well, not to be, and hindsight is a wonderful thing! By the way, Kangerluarsuk is predominantly a zinc and not a nickel asset.

80M has got rid of Hammaslahti and Outokumpu (but has kept the rights to industrial gases). I think the next asset in line for disposal could be Kangerluarsuk. If I were you, I would focus on Disko, Jameson and Greenswitch. I would be badly disappointed if 80M failed to deliver some substantive news before the year is out on at least two of these three projects, possibly all three. I am sure we will talk again on this subject before the end of this year.

CC - You say: "Everybody wants Disko to be drilled but it's so difficult to see where the money is going to come from."

A very good question. That's the enigma, and I have no answer to your question. They know better than any of us here, and just like you, I will rest easy only when we have the RNS confirmation of drilling. Until then best to keep an open min

Jimbolina (5 Apr 2025 08:02): "I also doubt that there will be drilling at Disko this year. Rod has a poor track record of doing what he says he will."

BenAlder (4 Apr 2025 15:16): "I strongly suspect that there is insufficient cash to drill (Disko) with this latest purchase (Jameson Land and Greenswitch) being the current focus of attention and spending. Rod can easily justify being unable to drill this year, even if he was sincere in what he said in January (2025)."

​I can see you both are highly sceptical about Disko being drilled this year, and I note your reasons. The last full update on Disko was nearly a year ago on 29 April 2024, another reason why people could be sceptical about drilling. Hard as it may be to hold onto one's faith, please (please) at least keep an open mind about drilling at Disko. Let’s see what the next update says.

ChirpyCheep (27 Mar 2025 09:08): "Ashton may disagree, but isn't JL (Jameson Land) the jewel in the crown and it makes sense to build a business around that."

I don’t disagree with you, Chirpy, about the importance of JL for 80M, and we should not overlook this asset either. Please (please) go back and watch the June 2024 video interview with Rod McIllree again.

NB: For those who are new to 80M, the stock is a high-risk/high-reward play until we have some solid announcements of progress; please read the note I posted on 17 Feb 2025 09:26, and more importantly, do your own research.

BenAlder - You ask: "Why are you so sure they will drill (Disko)?"

That's a reasonable and understandable question. I am not someone who avoids answering questions. So, here are the reasons why I believe Disko will be drilled in 2025:

1. 80M has stated that it regards Disko as its flagship project and wants to make a transformative mineral discovery (see RNS 28 June 2024). You cannot make that discovery without drilling. Unfortunately, drilling was missed in 2023 and 2024. I do not believe 80M would postpone drilling again in 2025 when Disko is claimed as its flagship project and also the most advanced project with 7 priority target holes already identified for drilling.

2. Drilling was missed in 2023 under Rob Edwards' watch. In 2024, when ​the new management took charge, the market was informed that the lead time necessary to secure the necessary drilling equipment far exceeded what would have been possible for drilling to happen in 2024. For this reason, drilling did not occur in 2024 (see RNS 29 April 2024). There is no such reason for drilling not to happen in 2025 since the company has had plenty of time to prepare for drilling to take place in 2025.

3. The market was informed that 80M would initiate planning for 2025 field activities in late 2024 and is committed to advancing the Disko project (see RNS 29 April 2024). This means we can expect fieldwork in 2025, but would that include drilling? (now read items 4 & 5 below).

4. At the General Meeting I attended on 5 February 2024, Rod McIllree informed the attendees that the necessary drilling equipment was already in place in Greenland and can be moved swiftly to the drilling locations.

5. At the General Meeting I attended on 13 January 2025, Rod McIllree informed the attendees that Disko would be drilled in 2025.

Rach - You do talk an awful lot but avoid answering questions. You claim you have researched this company well. So here is a question:

Do you think Disko will get drilled this year?

Techguru - You say; "Lets wait for the relevant RNSs as Rod/Eric are building something huge."

I did not want to say this before, but since you have, I agree with you. I would say a BIG positive change for 80M could be in the offing. I keep my ear to the ground.

The statement from today's RNS (3 April 2025): "The JV is now planning a focused ground-loop electromagnetic survey to refine and prioritize each locality appropriately."

IvRoche - If you check all the previous RNS since 29 April 2024, the above statement has appeared as a standard phrase. The last RNS update on Disko was on 29 April 2024; the above statement originated from that RNS and has been repeated. I would wait for the next RNS update on Disko to find out the future direction of travel for the project.