Member Info for Jeremiah99

@LockerRoom - that sounds plausible, that they were simply testing out the extraction method to see if it worked well rather than trying to find the average grade. Otherwise they could have stated the average gold contained in the veins is 27.5gms/tonne (as 20.7 gms/tonne is 78.06% of the gold there) Feeling more positive now...

My reading is that it's saying a concentrate was produced measuring 20.7gms/tonne (with a further 21.94.% left unextracted) It's not saying 20.7 gms/tonne is the average grade of the unprocessed sample, though I'm sure they will expect some to read it as such. So as yet we still don't know the average bulk sample grades. For all we know they could have picked just the lumps of quartz with sparkly bits in them to send off to the lab. Also a drill failed to reach depth, so all in all a bit of a negative RNS for me. Let's see what the market thinks..

Those grades mentioned in the RNS are from a neighbouring company, not from Alba's drill results. As I remember, our results so far have been unremarkable and far from commercial, though as GR says, there's a lot more exploration needed to fully scope out the area and it remains promising.

p.s. if we could hack into the bitcoin system and bring it down gold would probably double overnight! ;-)

(only joking, Big Brother)

elir71 - I'm with you on the fragility of fiat as it's subject to the whims of govts and bankers printing more, and have long thought of gold as being real money. However bitcoin seems to be the go to currency these days. I somehow feel uncomfortable with it as it's not physical, requires a stable communications system, a level of tech savviness etc. whereas gold can be recognised by anyone down to a third world road sweeper, and has been for the last 6000 years.

...not sure about HH contributing much tho...

Some info on graphite in this RNS from a year ago -
https://www.lse.co.uk/rns/ALBA/amitsoq-update-zo931xtzejxkb64.html
I'm personally not expecting fireworks from any of our assets but if we can move incrementally towards monetising them I would hope each could add 1p+ to the s/p over time, so my eventual target would be in the 4p- 7p range over the next few years.

Might be good for us but what's in it for Bluejay? It looks like they already have enough ilmenite for many years to come with scope to expand it further. They look well set to go it alone - funding on its way, offtakes, bureaucracy dealt with. Why would they need us? Being the poorer cousin in any potential tie up, I tend to doubt we'd get a very good deal.

Yes, as the panoramic shot in the video at 6:30 shows, the surface 2m+ quartz vein is about a mile from the St David's mine. One can only imagine what else lies beneath those hills...

My best guess is that we'll get something out of all this but that our assets or share of them will have somehow shrunk and our holdings diminished in value from what we had originally hoped. Scrap the £1, 10p or even 5p party as the best we can hope for may be the 3p bring your own wine gums bash. :-)

That's about the most positive post I've seen from you StarRage, have you been at the wine gums?

If we're going to 3p-5p within a couple of years, buying anywhere between 0.3p-0.5p makes sense to the longer term investor. The minor fluctuations within the current band are only of daily interest to the traders among us.

Well done nookie. If you are brave enough to hang onto the coat tails of the obvious traders in our midst and follow their lead. I'd be too scared of an unexpected event sending the s/p the wrong way tho...

For once you're right Mr008, they're confusing the previously stated gold quantity expected for the whole of the region with that which may be found within this newly discovered continuation lode at just one mine. Sloppy sensationslist reporting (some posters here ought to apply for any vacancies that may pop up at these papers!)

Once again, Bluejay have 4x more ilmenite than we do with scope for more, loading bay and workers cabins, EA passed, offtake agreement signed, processing plant in Quebec, projects in Finland. They are ahead of us for now with proven assets so there's no reason our Mcap should be anywhere near theirs just yet. Once gold starts emerging from Clogau and we prove up more ilmenite under the permafrost plus get some jorc numbers for Amitsoq, it should be a different matter. Patience...

@MPO818 - swiftly followed by the bestseller novel/film "How Gold was my Valley" :-)

Yes, considering titanium is on the critical minerals lists of Western countries, they've been a bit slow off the mark in cornering this particular supply. Perhaps Trump had plans to invade which have now had to be shelved! :-)

Bluejay "...has signed a Master Distribution Agreement (the 'Agreement') with a large, long established Asian Conglomerate with global interests in Metals and Mining (the 'Firm') for the sale of up to 340,000 tonnes per annum ('tpa') of ilmenite from the Company's flagship Dundas Project, Greenland"
HH legal hurdle overcome, now our neighbours progressing well in Greenland. One more wheel on the wagon (Amitsoq) and we'll be hurtling along unstoppably. :-)

I think we now know the reason for the recent s/p turnaround and uptick - newspaper reporters tipping off friends and family ;-)

ocelot - I think it's just sloppy reporting. Under the headline it says "New lode could be up to 500,000 ounces in size - worth about £700million" then a bit further down "It is believed there could be as many as 500,000 ounces of gold in the area..."
My own rough calcs suggest around 80k ozs for the new lode alone which is still equal to all the known gold mined there historically.