Member Info for IvRoche

The window is closing on drilling season announcements for Greenland... Not looking great for a Disko drilling this season - given track record to date.

Based on current trade volume being 3 times normal daily volume. It does look like a Disko drilling announcement is coming.

@Lambo222 why the need to post 3 times on it though? Pumping much?

I guess we will see what comes out of the MRE by mid 2023 (assume June) and 2022 drilling program assays -> This will give the best indication.

Dundas: "Revised Mineral Resource Estimate ("MRE") expected to be produced in mid 2023.

All mining projects are heavily influenced primarily by key parameters, being product pricing, capital cost and operating cost per tonne of product. The latter of these is heavily influenced by orebody grade. Dundas is particularly sensitive to grade. It should be pointed out that one of the recommendations in the 2019 PFS was that further drilling was required to enhance confidence in orebody grade distribution, generate more accurate tonnage estimates, as well as further define mineralogy. Bluejay raised £5.3 million of fresh equity capital in March 2022 to finalise the Dundas optimisation and the necessary feasibility study work as well as for general corporate purposes and working capital. Of the funds raised, £2.2 million was spent on the 2022 summer drill programme and subsequent shipment and analysis of drill cores to Australia after preparation in Denmark under carefully controlled conditions."

There is no doubt that the cap raise was an absolute joke re: constitution, construction and terms. However, despite my own feelings in relation to it, objectively speaking there may be some method to the madness.

1.) Last year they did a Cap raise.off the back of Kobolds drilling announcement only for it to backfire when Kobold wanted more exploration.
2.) Timing wise, Dundas mining method change and subsequent delay of BFS, there is now way they could have kept that under wraps.
3.) Kangerlausk drilling campaign needed funding as it's a very short drilling season there and to leave it until late March / April would mean a potential miss on securing the teams and drill rigs etc.

I really hope they have cleared house on the bad news front for the time being and atleast, we now have a clearer trajectory on timings and developments (albeit really annoying).

Kurt House, CEO of KoBold Metals, commented:
"Our joint exploration campaign on Disko Island this summer was a significant step forward. We've identified many novel targets and significantly updated our exploration hypotheses. We are looking for what we think could be the most significant nickel and cobalt discoveries in 100 years."

Either the eggheads at Kobold don't know what they are doing or saying or something isn't right...

Eitherway, even if it is deep they will still need to drill the dam thing to see what's there.

FYI, US EXIM hasn't dropped off for Citroenen (Ironbark Zinc) Exim Completed their DD and want further information - i.e. infill drilling on an under explored part of the deposit plus a few other points. Once Ironbark complete those additional aspects then US EXIM funding is in the bag. Add to that but Ironbark will still need additional private equity or a strategic partnership.

Well it was news :-). Not the news I was expecting but will take it. Suspect we will get Dundas BFS in Feb and Disko 2023 drilling in Mar/Apr.

Am going to gamble and say that news is imminent... (next week). The gamble is based on the fact the our daily volume as of now is already over 1 million shares roughly 2 times our average. People are loading up -> nearly always the tell tail sign.

Odd, was expecting news on the Dundas BFS and we get an update on Enonkoski... To be fair, I thought the JV was dead given the last set of drilling conducted didn't appear to turn up anything - let's see what the detailed results say. Given the level of surveys and potential 2023 campaign - it doesn't look like Rio are giving up on this...

Was going to say, you just went and jinxed it :-). Am only here for Disko - don't give a ****e about anything else. This time next year we should know what's in the ground????

Hopefully Edwards takes Bo out as well... as he lacks credibility in my opinion.

Dundas BFS is due late this quarter.

Can't really argue with that point however the difference this time is that Kobold are pretty much running the show on this and bluejay are contractually bound to.... wait for it... wait for it... Actually Deliver :-)

Enonkoski after last year's RNS was always going to be a dead duck but thankfully RIO are paying for the exploration as part of the earn-in... Not a big deal!

The big one remains Disko! with the Dundas kicker ;-)

I understand that they haven't done a lot on Dundas for a long time but if they raise capital and don't deliver a BFS for Dundas (which they have committed to) they will literally get sued for fraud. Let's see if they deliver the BFS, after all it's just a document.

Agree, Disko will be the real driver of SP here. Even if they have half or a quarter of what they think they have its going to be immense.

- Dundas BFS (Nov/Dec 2022)
- Disko Survey and Drill Targets (Sep / Oct 2022) & Drilling... (finally in late Q2 2023)
- Kangarlursk Mag surveys (Oct/Nov 2022)
- Enonkoski drilling results (Expect Dec 2022 - Drilling and surveys were conducted in Q2 although there have been assay backlogs)

Was a complete monster day... It's the bluejay equivalent of Elon Musk giving bluejay a shout out

They are still completing the Bankable Feasibility Study. The one upside that will offset inflation is the fact that ilmenite spot prices per the PFS were about $210 / tonne whereas the current spot prices are around $360 / tonne so there is some leeway to offset the inflation using an update spot.

I am seeing 15m shares traded for Jay.L.

Now if the summer exploration highlights a huge potential ore deposit for drilling next summer / Kobolds proprietary AI and tech comes up trump's that will also be good.