Member Info for Dcat80

DS- I’ll leave Swizz to try and answer that. I’m not clued up on the way the TSXV market and transactions work.

I also only have an HL account and not being able to buy TSXV is frustrating. Appears A J Bell and IG accounts also can’t, only seems to be interactive investor accounts that allow from the UK. If finances allow I think they’ll be the route I open this years isa at. I’m impressed with the discovery groups ethos and convenience strategies, would be nice to have the option at least to invest in Valore or other discovery group companies should I want to do so

Brandon Hill did a little paper talking about in ground value for one of the PB JORC increases and valuation on X% of that. Very very crude valuation method and I doubt we’d get any credit for the tio2 other than its raw ilmenite value, but still could be interesting to see

Hopefully getting rid of weak holders at the moment.

Really is silly that the highest volume period was from sellers. Didn’t give a chance for buyers when they started yesterday afternoon.

On these illiquid shares it really is important to have the mind set to buy in and sell out over longer periods. Shouldn’t be in them if you need funds in a hurry or are a trader constantly needing to recycle capital

Put a smile on my face logging back here and seeing the positivity, thanks guys!

Last year before boots were on ground and exploration started it definitely harder to get excited and obviously being early stage out a value in things. I think/hope that in itself saw any traders in edit the company and certainly those I know personally that have been buying in recently take multi year approach. I think/hope our shareholder base could be one if the strongest on AIM and as you’ve all no doubt picked up on I’m very optimistic about there being considerable value in the projects which will be unlocked over time.

Warrants at 6p, let’s hope we can bring them into play for liquidity ;)

It’s only about 60m shares outside of TR1 holders. Over 2% of that traded today (and almost all buys). Another way of thinking is only circa £1.5m of stock available to retail. It can move quick in either direction, but with the strong news flow due and not ourselves and Valore appearing to be totally undervalued it makes little sense to sell

Well Valore if all going to plan should be starting drilling Thursday (3 weeks they referred to in their 18th June news release).

For Jangada our drilling finished over 10 weeks ago, it only took 5 weeks to drill and assay first 2 holes. Maybe covid is affecting lab work as that’s probably not in a remote location, but would hope still soon

Copy of the relevant maps attached to this tweet

https://twitter.com/davidca041980/status/1280462217612271616?s=21

Looks like Valore have proved their exploration model. The maps are worth looking at. Quite long strike length of PGM Reading in soil samples which with previous rock samples shows the area holds the targeted PGMs. Drill would have to do talking on grade

http://valoremetals.com/news-media/news-releases/valore-soil-geochemistry-assay-results-identify-pge-anomalies-at-all-three-mendes-north-targets

Obelix if you still held I’m sure you’d have been asking us questions every 5 minutes. There has been lots going on and those of us that pay attention are extremely confident. I’ll leave you to try and figure out why all by yourself...

Back to deficit next year whilst supply/demand level now for rest of this year.

https://www.mining.com/web/pandemic-helps-russia-tighten-its-grip-on-palladium/

Important to remember though that the BOD see more value in pitombeiras. Logically as such we should be trading at least twice our value of Valore.

Certainly seemed to be a few last year just trading Jangada against the Valore chance when we were valued at circa the value of our Valore shares. We should be a nice premium of them and not moving backwards with them, not at least until we have decent value reflected for pitombeiras

Volumes key and very interesting. Soil samples on the new target are due and if positive would further add validation to their exploration model, plus drilling due to start imminently. Lots of great bear shareholders very much in the money who might want in on another discovery group company just starting their exploration in earnest

32c and 17%. Volume is huge over there today. At 52week high of 40c our ownership is worth over 2.4p per Jangada share. Sure it’ll affect us at some point, although it’s when value starts being really accrued first PW that well really take off

Good start to Valore today, up 7% in first 15minutes with better volume. Can’t imagine many will be wanting to sell just before drill starts so fingers crossed won’t take too much buying to keep momentum going

Looks like Barrick have sold their Russia PGM project and state owned Rostec are involved. 14 year pay back period referred to doesn’t exactly sound like it’s a good project (Pedra Branca would have been circa 1year!).

https://tass.com/economy/1173375

Certainly think the Jorc and pea will be required before trial mining applied for. Authorities would need confidence such a venture would be environmental suitable as well as economical (they wouldn’t want a company going bust leaving the site in a mess).

Certainly feasible though that offtake terms would be discussed before. MOU to agree offtake terms in principal which again could feed into the PEA.

At this stage though it’s good to see signs all pointing to this being a venture which will produce good money.

Also worth noting the steel mill Swizz has found and posted on is near the port of picam (near forteleza). The other Brazil steel mill referred to in the November logistics RNS.

The transport cost to those mills are both probably similar near $36. At current iron ore prices it’s very foreseeable that our Margin for the iron ore alone could be over $30 at today’s iron ore price.

Even $10 profit per tonne on the iron ore against the 300k/t mentioned in the logistics study (and amount crusader were allowed to nine under trial mining) would produce $3m USD profit PA. Suitable enough to progress project without dilution. I think we’ll make more than $10 per tonne on the iron ore and get some credit for the vanadium.

In short - relax, looks like trial mining agreement would work very well for us even in worse case

Most vanadium is produced in steel mills as a co-product, often more valuable than the steel. I doubt it’s a question on whether they’d want the vanadium, it’s in the same material - question is what value could Jangada get from it? An offtake agreement would answer that.

http://vanitec.org/vanadium/making-vanadium

Yes. Brian’s been on the comm to Captain Kirk, who in turn asked Scottie to beam them up. Obviously the composition of the rocks were tested whilst being beamed avd it’s just the paper work including lodging of RNS we are awaiting for.

On the other hand it might be nearer a Month or 2! Think though with the consistency of grade at pitombeiras the rock samples will at least give us fair degree of confidence in grade at mocidade. Plus remember it’s only 3km away so will form part of the same project at some point (not in maiden Jorc though).