Member Info for IvRoche

Sell up or shut up SFC - the constant drivel is pathetic

@Ashton, If it had a clue it mught be dangerous (as it got confused between GS and JL).

It's a complete misframing. The £380k debt-for-equity swap you’re pointing is not a true “valuation marker” for the asset. That kind of transaction reflects a distressed balance sheet position, not the underlying worth of the plant.

GS today is a fully permitted, refurbished facility with MoUs in place covering 120ktpa feedstock/offtake. The only thing that will set its real value is moving from MoUs into binding contracts and running steady-state production.

Quoting HV’s swap price as though it defines GS’s future is like valuing a house off a forced sale - it tells you more about the seller’s need to exit than the property itself.

Price: $860.00

1 day: $+0.00 (0.0%) ➡️

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Christ you are really desperate... trying to lump BP’s global pullback into 80M’s story as if the two are remotely comparable. They’re not. BP is shelving mega-scale, capex-intensive standalone projects aimed at hitting 100,000 bpd targets — a world away from GreenSwitch, which is a refurbished, fully-permitted plant with capacity for 120ktpa and already has MoUs in place.

Scaling back multi-billion pipelines doesn’t mean there’s “no demand”; it means majors like BP are tightening capital discipline and prioritising integrated sites. Smaller, flexible producers are exactly the ones who can step into those gaps — and GreenSwitch sits in that category.

Trying to use BP’s retreat as proof GS can’t fly is like saying Tesla cutting a gigafactory build means no-one else can sell EVs. It’s a false comparison, and you know it.

21 likes on that post... Yeah right!

RNS on what?

I wouldn't like to be holding a short position on GGP after today's rise.

Sorry if FACTS offend you.. So F. O. C.

This is the ship identified in the March GL/Pelican briefing that should be carrying the heavy equipment to Jameson Land. Assuming this is still the ship chartered some details are below along with expected departure date (29 Sep) from the port of Becancour and is a 6-10day voyage depending on speed to Jameson Land.

Nordika Desgagnés is a multipurpose heavy-lift cargo ship that routinely carries mine-related equipment and supplies on Nunavut sealift runs.

As of now, Nordika Desgagnés (IMO 9508316) is in the Gulf of St. Lawrence inbound to Québec’s St. Lawrence River, still en route to Bécancour with ETA 22 Sep ~23:00. Recent AIS puts it around 50.09°N, 63.95°W (speed varying ~6–14 kn).

The Port of Bécancour still lists arrival 22 Sep (Berth B-4) and departure 29 Sep.

You must be getting desparate if you have to copy and paste the same nonsense over and over but the tactic and tone is clear always negative.

Global reserve tables don’t prove a thing about Jameson Land. Nobody expects Greenland to rival Saudi or the Permian — it doesn’t have to. The play is binary: 80M paid ~£2.75m, and MarchGL/Pelican are funding the drill because the risk/reward stacks up. If it hits, even modest volumes could be worth multiples; if it misses, it’s written off. And here’s the kicker: none of those countries on your list had “proved reserves” before someone drilled either. Greenland won’t get them from spreadsheets — only from the drill bit.

And spare us the cost-per-barrel scare charts — Greenland sits at a similar latitude to Alaska’s North Slope, which has produced for decades. High costs didn’t stop development there, they won’t automatically kill it here either.

And zooming out: if JL delivers, you’re looking at hydrocarbons in a Danish territory inside the EU at a time when Brussels is desperate to replace Russian supply and tighten its own energy security. That’s not a footnote — it’s a macro tailwind you can’t dismiss.

And as for your parting shot about “rampers not disputing your figures” — it’s not that anyone can’t, it’s that nobody needs to. Quoting global reserve tables and generic cost charts isn’t the trump card you think it is. The only figures that matter will come from a drill bit in Greenland, not copy-paste comparisons with Saudi or shale.

I wouldn't say the assets have be tarnished per se just more the credibility of prior Bods (even though there was a strong crossover of personnel).

On the others:

Finland (Hammaslahti etc.): The Metals One deal collapsed (8 July RNS). 80M received a small settlement and kept the assets. No sign of immediate plans to prove them up - could be a hold-for-better-market or partner situation. Management previously said it wouldn't take much to get going, but without a buyer, it’s shelved for now.

Thunderstone: Still technically in the portfolio I think but haven't seen or heard of it for ages. No recent updates, funding, or activity confirmed - so probably not front-of-mind for 80m right now. That said, rising gold prices might change the economics longer term.

Thule: The Thule Copper Project is listed on 80M’s site, but there’s no recent RNS or AGM note confirming new work (so will see if they told Ashton the right info soon enough) . So it’s still part of the inventory but hasn’t been positioned as a priority.

As for strategy - it does look like the company is narrowing in on three core value drivers:

1. GreenSwitch for near-term revenues and energy exposure

2. Jameson Land for high-upside hydrocarbons (2025 drill now confirmed)

3. Disko for scale and critical minerals (pending partner/funding solution)

That doesn’t mean the metals portfolio is ditched entirely - but they’ve clearly prioritised assets that either generate near-term income or offer strategic scale upside. Everything else feels more like optionality at this point.

Wouldn’t be surprised if, post-Jameson results (assuming positive drilling results) , they look to monetise or partner the dormant ones. Always a balancing act between focus and optional upside.

There is a lot to unpack there CC - Let's start with Dundas first:

Why hasn’t Dundas been developed? And what happened with the 2023 drilling?

Let’s not forget - Dundas has a mining licence and permits already in place. It’s not a dead project, just one that’s been paused. Here’s why:

The 2023 resource estimate (based on 2022 drilling at Moriusaq West) came in way lower than expected: ~29.7Mt @ 1.99% TiO₂ — vs ~59Mt @ 3.26% in the 2019 MRE for the same area.

The rest of the licence area (Moriusaq East, Iterlak East/West) wasn’t included due to confidence issues in the data.

Independent consultants later flagged concerns with how that 2022 work was done - and the Board wasn’t even fully across all of it at the time.

As a result, the 2023 numbers have been discounted and the 2019 MRE has been reinstated as the “control” MRE going forward.

So what’s the play now?

Management has been clear: 80M won’t fund Dundas alone. They’re looking at:

1.) Partnering with someone who brings cash + operations

2.) Selling it (full or partial disposal)

3.) Waiting for ilmenite prices or new drilling to justify a reboot (me personally I think ilmenite prices are there but I believe Dundas ilmenite doesn’t have additional credits for Rutile minerals etc)

Why hasn’t it progressed? It’s not a permit issue — it’s a margin and confidence issue. Until there’s either better data or a strategic partner, it stays on the shelf. And with GreenSwitch now ramping, and Jameson drilling about to kick off, the focus has clearly shifted to assets with nearer-term catalysts.

Still - if ilmenite picks up or someone sees strategic value in Greenland supply, Dundas could come back into play fast. But for now, it’s back-seat.

Plenty of discovery related activities to get excited about from this one tweet yesterday.

"#80M is focused on developing its #Greenland projects, including drilling the Jameson Land Basin, and discussions with multiple partners to advance the Disko-Nuussuaq project. #80Mile also recently identified a significant #exploration target at the Dundas Ilmenite Project"

https://x.com/80milePLC/status/1968626916857942036?t=_jugE9-IqFYG2egwgWpcsg&s=19

Today's volume topped out at 39m on the ASX, I think we can probably say that the ASX200 rebalance has by and large been completed...

Just a guess, but now that these shares have been sold and are effectively in safe hands this may finally be the point that the SP starts moving up.

There is only a couple of relevant FACTs for this chat board and that is you don't have any shares and have a vendetta against Bluejay/80m

Now tell me again how you knew Joshua Hughes was working for Sandfire, it's a very odd fact to know...

What an odd thing to know RachT2...

FYI for all others - Joshua Hughes now works for Sandfire (looks like a big demotion vs Bluejay (80m) role that he was fired from for Gross Misconduct.

Price: $859.00

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RachT2 you didn't answer the question...

Please do tell what company Joshua Hughes works at now (Since he was fired for Gross Misconduct), since you have so much information?

There you go RachT2, defending the indefensible - and the fact that the information was shared via and RNS with no retraction / litigation to clear his name speaks volumes.

Please do tell what company Joshua Hughes works at now, since you have so much information?