Member Info for Jinkar

"KoBold, founded in 2018, collects vast troves of historical and scientific data and uses algorithms to identify where mineral deposits might be below the earth’s surface.

It then surveys the potential areas using aircraft and satellite surveys, feeding the data back into the computer models, which in turn tell its geologists where to look
“KoBold’s technology has been designed to pick up faint signals in the data pointing to hidden ore deposits,” the company said.

KoBold has explored for mineral deposits in Canada, Australia and several African countries. Last month it signed a joint venture agreement with BlueJay Mining to explore for minerals in Greenland.

“The exploration process is a very manual, very human process right now and we’re augmenting the human,” said Kurt House, KoBold chief executive. “What we do is efficiency of information — is rigorously assess what the most useful information to gather is.”

KoBold is backed by venture capital firm Andreessen Horowitz as well as Gates’ Breakthrough Energy Ventures.

Keenan Jennings, vice-president of BHP Metals Exploration, said the technology would help it find mineral deposits that were deeper underground because a lot of shallow deposits had already been discovered.

*we're

It's a line from a comedy. " I think were on a winner here Trig! Play it cool play it cool!"

Taking my chances at this level now. Investing more. Risk reward seems about right for me now with latest news. GLA.

@bonks;
Not the PFS but initial coverage document by H&P was instructive after the June 2019 PFS submittal. I take you have looked at 27th June 2019 RNS. Not the full PFS.
https://bluejaymining.com/wp-content/uploads/2020/01/HP-Research-16.01.20.pdf

I disagree. They have been negotiating since February especially with Exim bank (along with other interested parties ...ie EU), on similar terms to what Exim offered Ironbank, $208 million @ 1.46% over 8,5 years. Director deals went through at around 14p on 11th & 12th August. I am thinking around 1 month after director deals announcement could be made. I feel sooner rather than later. You could wait for it to drop December/January time but I am staking it will be this year and hopefully not to long to wait. Four moths from now is a long time to wait, when they have been negotiating since February. The Dundas RNS could drop any time!
DYOR.

@Cigam;
"I wouldn’t expect any news on this until December at the earliest, if not the new year."
do you have any details why you expect this? They have been doing due diligence for a long time already. I only have a feeling, that it will be a lot sooner than that.

Some associated news.
https://www.bloomberg.com/news/articles/2021-08-20/nickel-s-becoming-a-battleground-for-bets-on-battery-future

If there are two MM's,
MM "A" and MM"B" engage in a transaction. One is a buyer the other a seller. Who ever books the transaction states what they did. If MM "A" then it is booked as a buy....If MM "B" then it is booked as a sell. You just don't know unless it's your own. Not worth analysing.

"What did you do in your life before you started posting about JAY?"

I can answer that. With 47047 posts he has been typing away about every other share that has ever existed since the dawn of time! :)

@Whitney. What the yanks giveth the yanks can taketh away. Do you know how the American market finished on Friday? Bluejay is fully fungible. People wanted the US to buy in so you get more volatility around the openings of the market. Still the same company on the same trajectory. I have time so not bothered day to day.

Here is an interesting 5 min read from earlier on in the year. Gives some background on our new partners :)
https://cheddar.com/media/startup-backed-by-bezos-gates-fund-is-using-ai-to-find-metals-for-electric-vehicles

Thanks. An interesting half read. Gives us a heads up about what is going to happen.

I'm in at 12 on there so nothing going on. Thought I might be able to get a quick boost and then trade that into RMM as i'm under water there.

@Crumbs... the stock is "fully fungible" finance jargon means it can be traded on both markets. It may go to auction on open but should reflect gains made in Yanksville. Note to self took a small slice off the top today when it looked like it had stalled and fancied a stab at HE1!! Won't be doing that again stick to the plan.
GL

With hindsight MM (Mendacious Member) and his band of merry rampers created a false narrative. He/She looked after themselves and left a lot of their believers in a worse situation.

Bluejay Mining* (LON:JAY) 10.41p, Mkt cap £102m – Ilmenite prices set to rise higher on suspension of Sierra Rutile mine

BUY - Valuation 37.7p

Consumers of ilmenite may be about to find out what happens when the music stops in a market of musical chairs.

Rio Tinto’s Richards Bay mine is closed due to persistent threats and the murder of their general manager.

The Sierra Rutile mine in Sierra Leone is due to halt production in November and stocks are thought to be at low levels

Pigment producers are looking to restock inventory levels to avoid potential disruption to supplies despite higher shipping rates causing zircon, rutile and ilmenite prices to rise.

Zircon has risen 14% to US$1,630/t since end March, Ruitle prices have risen 40% to US$1,753/t since last October.

Reports indicate prices for ilmenite are trading around US$340-400/t as demand accelerated within recovering developed nations.

Experts point to a longer term developing structural deficit requiring the development of new mines that are just not happening.

Base Resources, Toliara project in Madagascar remains suspended on the ground as management negotiates with the government over Madagascar’s Large Mining Investment Law.

Chinese ilmenite imports rose 70% yoy to 395,948t in March highlighting the effect of GDP growth in China and the impact of stimulus programs on demand for pigments for paint.

Chinese Titanium Oxide (Ilmenite) prices have ticked back to CNY2,300-2,350 ($360/t) from CNY2400-2450/t ($375/t) two wees ago.

We currently assume a price of US$250/t for Bluejay ilmenite concentrate sales in our modelling with 70% of the concentrate shipped to Asia by bulk carrier.

If we add $10/t to our assumed ilmenite price this adds a further $54m or 5p/s of value to the Dundas project in our modelling.

We currently assume Bluejay sales at $250/t with 70% of the concentrate shipped to Asia by bulk carrier.

Conclusion: Bluejay is well placed with the Dundas project permitted and ready for development. Management are busy optimising the engineering design of the mine and process plant and we believe are in discussions with major multilateral funds for the funding of the project.

The agreed sale of Bluejay’s black shale assets in Finland may be part of a strategy to separate the Greenland mining assets from the other exploration.

*SP Angel act Nomad and broker to Bluejay.

If you listen to the SP Angel guy, he said that a month or so ago in a podcast.

https://mcusercontent.com/110d0aa5f5d9bf9478796664e/files/9c6744b2-53b3-b601-21d4-671b1b866f6c/Bluejay_Permit_Update_170621.pdf?utm_source=H%26P+Master+Contact+List+(Sements+and+Tags)&utm_campaign=60da71ed73-EMAIL_CAMPAIGN_2019_07_02_10_23_COPY_01&utm_medium=email&utm_term=0_dd4f91613c-60da71ed73-577593410

@snip " If we can get Dundas into production without getting bought out". According to John Meyer that was the plan some time ago.