RE: Re big buy23 Feb 2021 11:54
Everything is perfectly aligned right now for JAY to have an outstanding year, there should be no doubt about it. It's taken 4/5 yrs to get to this point in Greenland and now all licenses and funding options secured whilst at the same time ilmenite having a price surge. Dundas is going to easily cover all future exploration, as well as having Rio passing us cash each qtr from Finland copper production. This is a cashed-up company for the next 20 years as it is and any reasonable success from further targets in Greenland and Finland I think it goes multiple £'s.
RNS from early 2016, prices were at a low and not feasible to mine at that point, but they didn't just sit on what they had, they increased the license footprint by 50% as they knew good times would come again.
- In Finland, the Company owns 100% of a portfolio of copper, zinc and nickel projects; the Hammaslahti Copper-Gold-Zinc Project, the Outokumpu Copper Project and the Kelkka Nickel Project.
Post period end in January 2016 FinnAust increased its licence coverage across these project areas by approximately 50%. The Company continues to see value in these project areas however will minimise expenditure until markets improve.