Member Info for Dcat80

Tex- might as well have a little light humour on comms. Think we’re actually a rather mature group and don’t need our hands holding as much as most do with their investments constantly seeking reassurance. Probably one of the reasons this is quite an enjoyable BB. Obviously all excited though and keen to see how things are progressing.

As you say I’m not expecting anything surprising from the drilling. Grades have been rather consistent and it’s mainly extending the current body as opposed to drilling the other targets (which again I suspect would be quite similar. Drilling to me is very much just proving up what is expected with high degree of confidence due to thr magnetic readings of the iron forming part of the VTM deposit

Found out assays haven’t been released yet as Brian has been busy writing Christmas cards for all us Jangada shareholders. Good news though, as there are probably less than 70 of us it won’t take him too long and he’ll then get round to the RNS ;)

They continue on their quest to be supplier of green products I.e. finalized products as opposed to just a miner. Interested sales teams to boot. Ambitions no doubt to supply more than their own mine can produce, in short JV with other in country mines with a potential offtake agreement to largo as part of the terms in later years a possibility

Thanks swizz- hasn’t picked up on the highest grade not in majors hand part before. Quality asset and I do remember they have a number of deposits in which more holes were required to add to the NI43-101 resource report. Basically could increase in size with little more modest drilling when the time is right...

Swizz- hasn’t the uranium resource also increased by over 150% since that $100 MC? In a uranium bull market our share of Valore just on that asset alone could be something like 15p-20p per Jangada share.

Great to see Iron ore prices keep rising, $157 per tonne for Brazil high grade ore.

https://www.mining.com/iron-ore-prices-are-going-ballistic/

Agreed. Not the liquidity to be a trading share and to be quite frank I’d hope anyone that tries gets caught out. We want the break out in price when MMs book is caught out, not some idiot giving them and out and pulling book back. Clear we’re massively undervalued and busy newsflow should get the attention for a full Re-rate of many bags not just 25% gains...

16th November RNS was on Mocidade - only confirmed pitombeiras samples had been dispatched to lab, not the date - which I’d have expected to be earlier

Drilling commencement RNS would have been 8weeks ago this Wednesday. Surely most be near first update on this now!

I’d usually work to labs (if I’m country which I’m sure they are in Brazil) taking 2-4weeks to process, assuming no other delays such as covid related. Pretty damn sure though bearing in mind when programme started that few should be received or be very close to being received by now!

Would be good to get some newsflow into hopefully a Santa rally :)

No probs and agreed. Just glad to see it’s you and BF that got to take advantage

Tex- trades reported after hours are usually a trade from earlier that day rather than outside of hours. Often explains the price movement earlier in the day - best ignore the time stamp for those.

We did move quick down on lowing volume though. Spooked a few into selling lower than they should have... Keep saying patience pays, but some never learn!!

Showing now BF and looks like good price. Seem to have had more buys than sells under 4.7p looking at trade history. Hopefully that bodes well to you getting the low

S America doesn’t have elephants. So what is the equivalent to hunting an elephant sized resource? Well Tapirs are the largest mammal in S America. The collective term is a Candke of Tapirs. Seeing as we have a number of deposits near each other I think it’s fair to say that’s our target ;)

Obelix - suspect the likely offtaker for the magnetic ore (iron/vanadium) will be one of the steel mills near the port of Pecem. This was included in original logistics study, although might get better clues in the revised one being worked on by GE21 consultants for the PEA

BF - we will be able to hire a private island for that party ;)

Think we all know by now I like an excuse for a little math.

Mocidade looks to have slightly larger magnetic readings than the pitombeiras licence. Pitombeiras was declared as having a JORC resource target of between 40mt-60mt.

Whilst we await work and a qualified opinion on mocidade it’s fair to say across both licences target will probably be nearer a 100m tonnes.

Using grade we’ve reported to date on just the 5.3m/t in our maiden resource I get a fun number. The value of the commodities would be worth in excess of 20m Oz of gold.

Obviously that’s reliant on grade being consistent across all areas or last averaging what we’ve got. Any additional tenements added though would of course provide a buffer on short fall.

Tend to agree, think we’ve a good chance of double figures by year end. Obviously depends on how much seller has left and attracting new buyers, but newsflow should be strong and as all know 10p is only £25m which isn’t exactly a fraction of what project should be worth post this drilling!

Large unreported sell earlier by looks of things Obelix. Then idiots selling instead of waiting for buys. Irritating when we are expecting such strong newsflow that some can’t manage a little patience!

One of the options we’ve been talking to the government about is the use of mineral rights by companies as a financial guarantee to obtain loans. If a company can offer mineral rights as collateral, it would make it much easier to obtain new financing.

The most exciting part of below and hopefully a clue as to how Jangada might get financial support for at least phase 1 CAPEX which should be quite light. The fact our deposit is likely to be so valuable could easily mean phase 2 financing might also be available from day 1 or at least shortly thereafter! Fingers crossed!!!