RE: Twitter9 Jun 2020 00:37
Depends when the seller is out, we wont find out until up to 2 days after that when TR1 is issued. I have seen plenty of research saying 20p, I have not seen much in the way that supports 10-12p beyond directors options at that sort of level but thats not a target.
This is from one of the recent Bluejay RNS:
"Bluejay is focused on advancing Dundas, proven to be the highest-grade mineral sand ilmenite project globally, into production in the near term"
The forecast reserves from just this one mine blow the current MCap out of the water and that is at current ore prices, which is not guaranteed.
Once Covid starts to lift globally production will start to return, given the fact that governments are going to want to encourage green energy there will be a massive demand for certain metals. Given the push towards energy and transport, metals used in the production of batteries, cars, wiring electronics etc are surely going to see a surge in demand.
I see recently research into the addition of TiO2 to lithium batteries which is a MASSIVE growth area. Plus more and more use of titanium in general in the area of electric cars, the bodies and batteries. Then you have numerous other elements where BlueJay have identified mining sites containing:
Iron, Copper, Silver, zinc, gold, lead, nickel, platinum and cobalt
Pretty much all of which are likely to see increased demand over the coming years.
Basically this is a safe company, money does not grow on trees, its formed over millions of years under the earths crust in the form of rare minerals and metals in deposits where BlueJay has lots and lots of mining rights :-)