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Depends on how many rigs they have at Kangarluarsuk - am not sure.

Looks like the pieces are coming together and still on track for an end of month RNS.

The job adverts run from 18 March to early April?

@Ashton, Finland isn't a cheap country the USD 480 is interesting too. Either way, whichever number is right it's either a large drill program (based on 850+) or a super large drill program (USD 480). This is where a JV revision could come into play based on size / timing of all the drilling.

Will be watching BLLYF ticker for any indicators of a leaky ship as the yanks will hear it before us.

@Ashton, FYI Alaska Energy Metals Corp raised USD 4m for their Eureka nickel project, 12 holes for a total depth of 4,800 metres (average of 400m per hole or USD ~850 per metre) - I think this gives us a decent indication of potential costs given similar geographies etc.

Rough extrapolation based on USD 11.6m committed expenditure minus management fee USD 1.6m, leaves USD 10m for drilling... let's say 8,000 to 9,000m of drilling (large campaign) that would put the average cost per metre at ~1,100 to ~1,250 and allow for a decent mix of deep and shallow drill holes (i.e. 10 x 700 and 5 x 400).

These are rough figures and definitely come with a health warning but I think we are in for a big campaign. Question is whether the JV amended and drilling split over 2 years for a larger financial investment from Kobold...

I think this is very positive that RMc said they are looking at drilling options at the moment -> this is the cat out of the bag moment for me - near certainty that we are drilling Disko this year now.

Irrespective of RMcs comments wasn't Peter Lightfoot part of that campaign? Unless, I am mistaken, I think he was and would have probably seen that footage already...

Fingers crossed that we get some news this month.

Re: RE - not a fan of his by any stretch but was it really his f-up re additional licenses. Afterall some of the chats on here have gone to great lengths to stress Kobolds 51% stake in the JC - hence they control.

Beyond the RNS from last year... "https://www.londonstockexchange.com/news-article/JAY/results-of-2022-field-programme-at-disko-nuussuaq/16133451"

Much like yourself, waiting to hear if Kobold are drilling this year... Shouldn't be long now, probably end of this month, early April latest to find out.

Don't disagree with anything you said Ralladw2 on direct Kod risks related to getting it over the line and into production.

However, an additional factor to consider is Political Risk which also plays a part. Got the below from a website.

"Sahel: Navigating a political and security minefield

Political instability and insecurity will continue to cast a cloud on over mining investment in Mali and Burkina Faso, two of Africa’s largest gold producers. The two countries will remain under military-led transitional administrations, with Burkina Faso showing signs of following Mali in its controversial rapprochement with Russia, at the expense of traditional Western partners. While both governments continue to support the mining industry as a key source of revenue, neither are likely to provide an effective security response to Islamist militants. Even if these groups do not significantly expand to further areas in 2023, their growing interest in targeting mining operations will continue to put pressure on logistics and security costs, and deter exploration in new areas. Understanding the geography of militant areas of influence will be more critical than ever to maintain and develop safe operations in the region."

Decent volume today, granted some large sales into the upticking price....

Some news imminent perhaps early next week?

Sorry I mean Eric Sondergard... Over 2 months now since his appointment as CEO and we haven't even heard from him re: Strategy / even a basic update. Hopefully we hear something from him soon followed by a Disko RNS

You do realise that by taking action against individuals both past and present -> you are by default taking action against the company as they were representatives of the company at the time.

I have read most of your messages on here and quite frankly, I can't really make any sense of it. You are super light on facts / answers to questions.

Also interesting that Amaroq hold licenses adjacent to our Disko licenses through their subsidiary Naip West Exploration a/s - a potential swap deal perhaps with Thunderstone licenses?

Lithium and Spod Spot Prices...

https://x.com/LithiumPriceBot?t=HlfQWnbhVP2XEvfdBNscIw&s=09

What he is accused of doing is pretty bad in using proprietary information for personal gain and a lot of future prospective employers will take a very dim view of it.

On the other side of the equation, they Kitchen sinked / mothballed Dundas, if Jay knew that adjoining areas were highly prospective / additive to Dundas why didn't they secure the licenses themselves?

What are we missing here?

Released today

https://www.brrmedia.co.uk/broadcasts/65c132c53fb3f51bf67d2c24/kodal-minerals-company-update/

Well if Kobold want to get "exploration success rates" up they need to provide the funds and drill disco per there earn-in agreement.

Ashton, you wrote: "If that's the case, there is a risk of local media getting hold of the news and reporting on it before shareholders are informed by the company."

Has anyone got the co-ordinates (Long Lat) for Kangarluarsuk? Satellite imagery may prove useful ;-)

Thanks Ashton.

Note: It was more the confusion on when we should expect an RNS (March) or when Fieldwork Commences (June) per the point 2 in my original post.

Ashton: You wrote

"1) JAY is expecting to know of KoBold’s decision regarding the fieldwork before the end of March 2024

2) JAY may decide not to announce the details of the fieldwork to the market until the work has actually started, assuming that’s the way forward (My comment: I suspect the reason for this could be it is better to inform the market that work has actually started rather than say work is to start, given the bitter lessons learned from the 2022 premature drilling announcement debacle)

3) Terms of the current JV may be tweaked as appropriate, if necessary"

Re: Point 1 above, that makes sense and is in line with prior RNS announcements around March for previous, what's peaked my interest are a number of other aspects specifically...

Point 2: Announcement until work has actually started, that's a double edged sword - we know there is a relatively short drilling window in Greenland (May/June to Sep or so) - so it depends on the definition of when fieldwork commences it could be May for example. Either way, given logistics, planning and spinning up teams of people to support drilling etc feels like it's cutting it a bit fine (esp given Jay's Cost cutting and irrespective of drill rigs). Long and short, we may be waiting till May for an RNS...

Point 3: Tweaking the JV, hmmm. Sounds a bit strange at this stage as that could literally go anywhere -> anything from the meeting to provide a little more context?