Member Info for Jimbolina

Has taken back 30% of the loss.

Maybe MET 1 should be putting a Director on 80M’s Board …..rather than vice versa.

Thanks Ashton I suppose we just have to wait. One question from me that I was wondering about. You remember glacier gate where they were ready to drill kangerlusak ? But the ice was oddly thick when they were due to do so…..so it got cancelled. Assuming that they have not spent that money could they not divert it to assist at Disko ? Kanga was really good. Some samples were almost solid metal. Nickel predominantly. Rod had said if he had it again he would have done kanga first. So many assets ….so little cash.

I had high hopes that Dundas would be worth something as it’s fully permitted and ready to go. Sadly nobody is interested. Low ilmenite spot price and too many mixed messages about tonnage and quality from the directors over the years. Plus staff who seemed to be trying to get hold of it on the cheap. Of course we need to say allegedly. Greenland despite being so much in the press with trump does not seem to attract much investment. Shame. Share price dropping ….and the assets don’t seem to be worth more than a few bob when sold off, despite years of being told how valuable they are. Had so much potential but hard to see when it will ever be recognised. I also doubt that there will be drilling at Disko this year. Rod has a poor track record of doing what he says he will. I retire in 5 years and hoped for a discovery of significant size which they sell off, like most I have no interest in being a miner. On this only time will tell and I think even 5 years from now little will have changed. Greenswitch has so many ifs, buts and do you mind if I don’ts, that I have no feel for if it will ever come good. Frustrating when you see other well run companies in Greenland progress at pace and get great values bestowed upon them.

Https://dnyuz.com/2025/01/29/trump-is-eyeing-greenland-his-commerce-nominee-has-financial-ties-there/

Yes Ashton I enjoyed it when you first posted. …..and only two years after they first found it they sold it…..having built absolutely nothing. My kind of deal. I hope Rod and Eric have thought hard about that.

Gets better …..one of them is 6km long. Nice if they are able to flog off each one to the highest bidder. I only hope we don’t end up having to wait as long as Dundas and then it’s actually not a good as we were told in the first place. A fast sale is my preference. I have no interest in being a miner and being rich in my 90’s.

Ashton thanks for sharing the meeting snippets. Appreciated.

I see Rod has 436 million shares now. Should be suitably motivated.

From an RNS of finnaust mining 27th September 2016.

27 Sep 2016 07:00

RNS Number : 8638K

FinnAust Mining PLC

27 September 2016

Click on or paste the following link into your web browser to view the associated PDF:http://www.rns-pdf.londonstockexchange.com/rns/8638K_1-2016-9-26.pdf

FinnAust Mining plc / EPIC: FAM / Market: AIM / Sector: Mining

27 September 2016

FinnAust Mining plc ('FinnAust' or the 'Company')

Completion of 2016 Work Programme at Pituffik Titanium Project

FinnAust Mining plc, the AIM and FSE listed company with projects in Greenland and Finland is pleased to announce that it has completed its 2016 work programme (the 'Programme') at the Pituffik Titanium Project ('Pituffik') in Greenland.

The Programme was designed in consultation with SRK Exploration Services ('SRK') and executed by the Danish Geological Survey of Denmark and Greenland ('GEUS'). Key deliverables from this work are the production of an initial JORC resource and identification of optimal areas to focus current "wet mining" trade-off studies as well as larger metallurgical samples for on-going test work.

More than 500 auger and vibracore drill holes were completed along with extensive trenching and sampling across the project area during the 2016 field season. Figure 1 (see PDF link) shows the locations where work programmes were undertaken.

As a result of the 2016 fieldwork, the Company has confirmed the two core target areas that will become the focus with respect to future studies. These are:

· Moriusaq Bay and surrounding area, a low-medium tonnage target that encapsulates the bay and proximal active and raised beaches with grades in some areas estimated to be in excess of 85% ilmenite; and

· Interlak, an area dominated by huge deltaic deposits with associated adjacent high grade beaches (see Figure 1 in PDF link) with grades in some areas estimated to be in excess of 70% ilmenite occurring as thick sedimentary bands.

On the active and raised beaches, a total of 260 auger holes and trenches were sampled during 2016. Additional trenches were completed for metallurgical sampling purposes as well as stratigraphic mapping purposes, creating a bulk metallurgical sample in excess of 500kg. This sample has been sent to Perth, Australia where analysis of the sample will be undertaken to continue to optimise the mineral beneficiation process.

Figure 1: Locations of various work programmes during the Pituffik 2016 field season - See PDF link

Moriusaq Bay has consistently returned the highest grades of ilmenite to date (average of more than 35% ilmenite) over the bay area whereas Interlak offers a very large volume target also with high grade areas. The majority of the ilmenite occurrences at Pituffik are derived via the winnowing of the deltaic sediments by wind, wave and current action with the broader Interlak catchment area interpreted as being the main feeder zone for the Pituffik project area.

No brainer

If I recall correctly the interlak delta assayed at 65 million tons and up to 65% ilmenite. Some said much higher and I recall Mike Walter’s noting that the company didn’t want to reveal just how high (some were saying 80%) as it just sounded ridiculous so they went with 65%. Why they are not checking that I don’t know.

Thanks Ashton. I used the word “potentially” to reflect that what the board have said in the past did not usually come to pass. Ever the optimist I remain, holding all my shares and with both fingers crossed, that we wont be disappointed…... again.

Ashton many thanks for the info on Greenswitch. Transformational potentially and a real surprise to me, especially the numbers which are amazing (assuming it all stacks up).

Will you be attending the jolly boys outing on the 13th in London? I always appreciate your take on what is said, as well as what is not formally stated but discussed at the bar in clipton hush tones with the lights down low. :)

Thanks again.

Link not working.

This would be nice. Nickel instead of gold.

https://apple.news/Akrb2HqHnSbyYAcKipLB3sw

If they can sell them off quickly great. I have no interest in waiting another 10 years for them to build a mine.

Thanks Ashton hopefully Euro cash flows fast and over the full portfolio. I also hope they can get something proven up and ready to sell off for a decent price in a few years time. Jimbolina needs a new pair of everything 😀

Ashton have you given up on an asset sale? I still hope they offload something otherwise the 2.09 billion shares will be 5 billion soon to keep the lights on.

Agreed Tony. I bought Dundas in 2018 as we were going to be knee deep in cash in 2019. Hard to believe we are fully permitted …..it’s 2024 …..and as shareholders ….it’s still worthless. We burned over 20 million bucks on this.

While everyone thinks that Disko is a slam dunk I thought that with Dundas. How will this be different ? Thanks Ashton for posting the Canadian strike that was sold off two years later In 1996 for billions. (We wish). The worry I have is that this sell off happens and Directors keep the bulk of it chase the helium and hydrogen rainbows, which I have no interest in.

I still don’t get why with Dundas permitted we are not doing bulk samples and selling them to the Asian company that signed the 340,000 tons of material. Has to be better than the continuous dilution. We did 42,000 tons of material on no time some time ago.

Rods inherent greed may be our salvation. With so many shares he will also be looking for the big pay off. Nobody looks after Rod like Rod……and for once it may look after us too.

Where is the easy EU money gone and the silence on Disko is deafening.

Exerciseable options at 1p. Hardly shooting for the stars are they ! It was 5p a year ago before Rob Edwards catastrophic plan decimated the shares to a third of a penny.

I am afraid that David is a walking gaff machine as a search on YouTube will confirm. Some people can grow into a higher job and elevate themselves, often producing a big upturn in their typical performance, to the surprise of their detractors. I suppose time will tell. To date I have only seen labour politicians hopelessly out of their depth. I suppose when you have been 14 years in the wilderness and as the opposition you can say anything you want and nobody really cares. Suddenly when you’re in power your words have consequences. That will take time to adjust to. If trump wins I think lammy is toast given what he said about him in the past and knowing how thin skinned the Donald is.