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I suspect that a combination of the potential delay to Greenvale's field work and the fact that Georgina are prioritising their Hussar project may have contributed to the decline in the share price. I agree with lloydboy that there is no fundamental change to the potential value of MSMN.

Andy Hamilton, CEO of Georgina, has stated that Georgina will be complying with their obligations towards MSNS re EP155 approvals and that they will apply the learning that they acquire on the Hussar project to EP155; being positive, the acquired learning could improve the prospect of success at EP155.

An extract from a Mining.com article:

"Benchmark Mineral Intelligence forecasts the natural flake graphite market will shift to a deficit from 2025, with demand from the electric vehicle battery market to grow at a compound annual rate of 17.5% over the next decade. By 2040 the market is expected to be short around 5.5 million tonnes."

Realistic potential outcomes and timescales supported by appropriate communication are necessary to provide investors with a level of confidence. Reference has been made to the Oilprice.com article, dated 09/08/23, about Helium. The article makes some interesting points and includes details about Avanti Helium’s production plans; in particular the fact that “two wells will be brought into production in the first quarter of next year.” i.e. 2024

Since the Avanti SP is down 71.43% YTD, I decided to have a look at the Avanti website and check the project progress. Unfortunately, the last news item I could find on the website was dated 18/10/23.

I did locate a project update, dated 31/01/24; it advised the completion of all ancillary pipelines, and the fabrication for the well site skids, and inlet separation facility which will soon be transported to the facility site in Montana.

In theIr forward looking statement, Avanti had an expectation that cashflow would be received from the Sweetgrass project in Q2, 2024, subject to everything progressing satisfactorily.

Even though Avanti have a project at an advanced stage, their SP has fallen significanlty. To me, the Avanti stuation demonstrates the challenges associated with generating cashflow and advancing the SP. JAY apper to be a long way from advancing their opportunities in a way that will benefit LT shareholders.

Cat

I agree with the points you raise. I would also like to see some realistic timescales. However, the "planned" drilling of Disko in 2024 has proved to be a major disappointment.

Link posted on another He board. The article is from 09/08/23, but it shows the potential value of MSMN's US development, if it wasn't already apparent.

https://oilprice.com/Energy/Energy-General/Helium-Wars-Why-Are-Tech-Giants-Fighting-Over-This-Rare-Gas.html

Tomhuk2000

The goldandrevolution.com article was a new one to me; thanks for posting.

I agree with your conclusion. The shift by MSMN to He exploration in the US is looking like a very smart move (assuming they find commercial HE).

Tomhuk2000

Thanks for pointing out my oversight re the price per mcf. US$74 billion has a much better ring to it.

There seems to be a contradiction in the potential value for EP155; the Georgina Energy website states -

"With seismically defined closure based on CPR 2U calculations of 3,400 acres, net attributable (recoverable) Prospective Resource volumes to the Company of Helium 148 BCFG, Hydrogen 135 BCFG and Natural Gas 1.22 TCFG with potential in-situ values of US$38.51 billion, US$0.62 billion and US$2.72 billion."

I prefer the US$74 billion, but why is there a difference?

My reflections on Jay continue to be mixed. On the positive side they are exploring multiple opportunities (perhaps too many) that could ultimately produce significant returns. On the negative side, I thought the Disko drilling would be progressing this year. For me, a lack of information makes me cautious. Positive messages such as Jay will be applying for Special Project status, for a relevant project, under the EU Critical Materials Act would provide some reassurance, although I accept it is easy to say, and actions do speak louder than words.

Funding further exploration and undertaking development are a major concern.

For anyone who is interested, on 30/11/23, the EU signed a MOU with the Government of Greenland for a strategic partnership to develop sustainable raw materials value chains. This MoU establishes close cooperation between Greenland and the EU in a number of areas, including:

• Economic and industrial integration of value chains for Critical Raw Materials and other raw materials.

• Deployment of infrastructure required for the development of raw material value chains.

“The high resource potential in Greenland combined with EU's demand for minerals and its expertise in prospecting, exploration, extraction, processing and refining, makes a solid base for the Partnership and supports the development of Greenland's mineral resource sector as a future supplier of raw materials to the EU.”

Link to press release - https://ec.europa.eu/commission/presscorner/detail/en/ip_23_6166

Slide 14 refers to the PEA assessment being underway. Since is was published on 31/10/23, I think they are referring to the PFS, which will incorporate the current further drilling that is planned for this season.

I am interested to know if GROC will be able to submit their application for Strategic Project status under the EU Critical Raw Materials Act before the next application closing date on 22/08/24. If not, I think the next application date is January 2025.

The proposed de-listing of Destiny prompted me to think about Ondine’s phase 3 trial. At the investor meets company event on 10/06/24, it was stated that the phase 3 trial is being targeted to start in Q3 this year.

Given the fact that Destiny’s phase 3 trial was estimated to cost circa £25m, has anyone any thoughts on how Ondine will fund their phase 3 trial?

There is a lot of talk about the multiple opportunities available to JAY, but quite obviously the elephant in the room is the cost of exploration. For anyone interested, the following link will take you to Premium Nickel Resources Ltd’s Updated Independent Technical Report for the Maniitsoq Nickel-Copper-Cobalt-PGM Project, Greenland dated 17/03/17. Page vii provides a Summary of Recommended Exploration Expenditures for 2017. Some, or all the costs that may be applicable, but it does give a sense of the potential scope and costs involved in exploration.

https://premiumnickelresources.ca/site/assets/files/6149/technical_report_2017.pdf

Recently, Ondine’s Chief Medical Officer, Dr Simon Sinclair, spoke with the European Biopharmaceutical Review about the growing AMR threat and the need for collaboration around novel solutions. See the full article and interview here: Antimicrobial resistance and healthcare-associated infections: the current landscape and the future

Jeremiah99

I agree there is potential for this to get interesting, but I am wary of JAY. Kobold were supposedly contracted to drill Disko this year, but it hasn't happened.

I believe GROC offers a good opportunity and I am reassured by the updates from Stefan and with the progress made to date. I am looking forward to the results of the further drilling at Amitsoq, which will hopefully provide the basis for a significant increase in the MRE.

Disposal of assets at a reasonable price is in my view preferable to a placing.

For what it's worth, the webinar has been re-arranged for 23/07/24.

"Welcome to our latest Investor Webinar with Pyx Resources, Helix Exploration, Fulcrum Metals and Metals One."

For anyone new to GROC the following links may also provide useful information:

Federation of American Scientists paper – Critical Thinking on Critical Minerals 07/09/24

https://fas.org/publication/critical-thinking-on-critical-minerals/

Brief update video on twitter 04/06/24

https://x.com/GreenRocMining/status/1797886000863064464

Interview with Sarah Lowther on 05/06/24:

https://www.lse.co.uk/media/greenroc-accelerates-their-world-class-project-to-production-as-early-as-2028-2clmcw704m5tiad.html

DonCoxothe1st.

It appears that you are having a change of heart from your post on MSMN at12:31 on 13/06/24 where you stated:

"Sentiment is also with it. I see it steadily rising over the coming weeks.

It's highly undervalued for the assets"

Dewisant

I agree that the potential is very significant based on the comparisons, but if you haven't read my post from 22 Jun 2024 14:48; if you haven't read it, a quick look may be worthwhile re the relative stage reached by the comparators.

I have a significant investment here and believe there is a high likelihood for significant returns. What I am currently looking for is information that will give me confidence to increase my investment. Hopefully, the update due this month will provide the information I am looking for.

Jonathan Owen, CEO of Metals One is also presenting on Wednesday. MET1 are due to announce the results of their latest assay work which means there may be an RNS from them before Wednesday.

Could LB's involvement in a Q&A session mean that news will be released by HE1 in the next couple of days?

After seeing LuckyLaurie's post, I thought I would share the following definitions:

Communism: - You have 2 cows, the government takes both and gives you the milk.

Facism:- You have 2 cows, the government takes both and sells you the milk.

Bureaucracy:- You have 2 cows, the government takes both, shoots one, milks the other and pours the milk down the drain.

Socialism:- You have 2 cows, you milk them and sell the milk to the government, but you can’t get any because there’s a shortage.

Capitalism:- You have 2 cows; you sell one and buy a bull.