Member Info for Dcat80

Usman- you need to do the basics yourself reading presentation, PEA RNS and getting overview from other RBS that Jangada are basically at stage progressing from explorer to small scale producer next year (at which point when revenue is coming on further exploration continues).

Chain below should give you little more of an introduction as well.

It’s great news. Oxides 65% iron content which generally gets a 15% price premium to the 62% content and remainder 63%.

All other discussions on capex/opex and offtakers advanced!

Whilst a much larger project Black Iron were receiving interest from offtakers including advance for capex purposes as per article below. Our own needs our minimal and economics obviously exceptional, as such I’d think they’d be interest for such scenario with us.

https://finance.yahoo.com/amphtml/news/black-iron-receives-multiple-offtake-111700804.html

No probs, if you want to discuss further just dm on twitte

No worries, I couldn’t see my response for over 90 minutes since I posted it either!

TW - we might see aspects of that deal such as offtake agreement in return for some funding of mine build, likewise a small minority sale to a partner such as largo might be a possibility again to fund plant build both for DSO route company discussed.

If they’ve done enough work on full chemical plant route etc (much larger capex requirement outside our means) and partner wanted in for that concept then yes the Ironridge deal could well give a clue as to how that would be structured.

BF - they skipped the individual assays and just incorporated the data into this resource update, thought it might be possible as unless they’d been serious delays in drilling it was overdue.

I’m happy with progress being made. Remember this resource update was always going to be before PEA (now DFS). Now this is out the way more news is cleared to land. Imminent to me reflects this with only updated net tests not released and I’m sure they’ve got these back.

Project partner - I don’t know. It’s sensible to proceed in manner we can by ourselves and not rely on 3rd parties. If partner comes in then we’re in a stronger position for those negotiations by proceeding with ourselves.

And they’ve just moved. Can finally buy again. Annoying MMs and their antics at times!!

Been n/t to buy more than £1k ever since jber moved to quoted ask over an hour ago. Remember MMs have to fill an order at 30,000 shares in Jangada at the quoted price. If you want to buy when Nt just submit order to your broker for 30,000 at 7.3p currently, if ask doesn’t move before mm will fill

BF- it’s a possibility, although royalty companies traditionally prefer precious metals so I expect Vox pretty much got Pitombieras as a bonus with their investment decision at the time being Pedra Branca and the PGMs.

Also any more money would come at cost of increased royalty which bearing in mind we’d expect a significant difference in revenue post full mining licence and monetizing the non magnetic ore might be akin to giving too much future earnings away for earlier cash. Really depends on how any such deal structured and if with caps etc. I suspect our preferred route would be loan either from finance company or offtaker advance, which I hope would be feasible on our economics, but which I obviously can’t be fully sure of!!

Yep Silverstream are Vox (well a subsidiary of), the 1% NSR applies to pitombieras as was part of the original licences which had a 1% NSR as part of one of the historical transactions on them pre Jangada.. I don’t think it would apply to any new licences such as mocidade

O&W - I think perhaps they first need to understand the project, something they’ve not shown they have yet!

For those stubborn few still not in Twitter the royalty company with 1% NSR on our project tweeted below earlier

“We are very excited about how rapidly the Pitombeiras project is progressing - full credit to the @jangadamines management team! We look forward to the updated PEA later this year.“

You can find some of their other comments in their regular updates on projects they’ve interest in

https://www.voxroyalty.com/news/announcements/

Not much, but seeing as our house broker Brandon Hill are AWOL and haven’t produced any decent notes since pitombieras became focus it’s at least something….

Hi IFC, nice to see your id pop up! Agreed there’s a number large lths quite content to sit back quietly happy with the progress being made by the company. Of the 6 I referred to as I know with 2m+ holdings still adding 4 do post on lse occasionally, but only 1 in the last month or so. All things going well I’d hope SP again many multiples of current level this time next year, could well be sitting on more cash than current MC!

Where we

Mesb- I spent most of 2019 heavily underwater having bought initial position when Pedra Branca was focus, when I did start getting my head round pitombieras I started buying again and about 75% of my holding is circa 2p average. Remaining 25% was bought at 6.6p, 7.8p and 9.3p averages. Hopefully it won’t be too long in the overall scheme of things we have those wishing they had your average, madness we’re at levels since before initial PEA, resource upgrade and TM approval..

Shouldn’t surprise you that no one admits to selling, but about 6 holders I know well enough to trust and with 2m+ holdings have still been adding. I don’t mind selling, unfortunately though it’s been done poorly hitting bid and selling below which only drags the MMs to create larger at lower price, silly as there has been plenty buying appetite as well. There’s also a lot to come, but from PIs waiting for other favourites to come good.

Mesb- welcome to my world! Must have been 18mths ago I started envisaging that the Tio2 could well be the most significant commodity in our mix and started banging on about the potential based on what a few other companies were doing. I had to wait a year until the company even referenced a chemical plant in last September’s presentation! It can be a little frustrating seeing potential, but waiting for things to catch up with work done etc, however if we get it right as investors and pick up on these things early it’s how we can make very good money. Getting to know it know will put you miles ahead of most still and hopefully guve you conviction to hold strong for the bigger gains that’ll take little more time.

I doubt you or I will get it spot on how things do develop, there are so many possibilities, however by understanding the deposits and work other mining companies are doing along with the commodity prices we can get an idea.

I just think it’s a distraction. Why waste the valuable non magnetic ore at the moment for some more short term cash flow, especially when iron prices will fall back in later years? More sense to focus on the iron whilst that price is hot than sell the Tio2 as a basic Ilmenite when processing it later makes more commercial sense. You’d also have to find different offtakers willing to accept smaller amounts, store separately until sufficient amount to ship then possibly out on different ships.

As before I’m not discounting it, I just think from reasons listed above and in earlier message it’s unlikely.

TM will be a big step for us in derisking the wider potential, using someone else’s words from yesterday “breaking the raise/dilute cycle & generation of free cash flow is the holy grail for why decent miner/project”. Our BOD are certainly incentivized to do so and I for one would be ecstatic not to have advisory clients buying a placing, only to want to sell up later for the next discount placing or one after!

Kings river deposit dwarfs everything else, often overlooked by those prompting their company on resource size… It’s pre production though and at his time their focus is alumina.

Either their current presentation or an older one has a good slide on it for showing vanadium comparisons, you’ll see their grade in concentrate is high too..

300k increasing to 600k after 2 years was in the original logistics report from 2019, 300k is I believe the limit for iron ore ops under TM and 300k is what crusader resources were granted for iron under TM way back in 2012. I’m obviously not going to be upset if we’re able to persuade regulators to let us monetize the non magnetic on top of, I just think it’s unlikely!!

Short term cash flow variable will undoubtedly be affected more by the price of iron and vanadium both of which are volatile at the moment, however even at conservative levels should cover general working expenses, costs of further exploration and development work and at these levels build up some cash reserves.

The additional exploration and development work we do using the cash from Trial mining will be main uplift in fair valuation. By looking at other companies in the sector we can get a feel for what that could be, but the work needs to be done to get there. Can’t just snap our fingers and be there yet, clear road though and matter of patience should pay. Sure if we’d had $50m in the bank few years ago pace of development would have been quicker, but then share prices would have been higher to!

Obelix, it’s not so much which Vo lances have same commodities. There are plenty of VTM deposits out there, it’s a matter of the commodity split/grade in magnetic and non magnetic. Article below explains quite well, however it’s not just vanadium that matters and indeed on some deposits like ours and kings river the other commodities can be driver of the project due to the varying grades

https://smallcaps.com.au/investors-guide-understanding-vanadium-deposits/

Obelix - their focus at the moment is high purity alumina with their composite make up being more aligned to that, recently produced an updated economic report on that. I keep an eye on them, but don’t see as good gauge to Jangada