continued3 Aug 2017 12:45
Key parameters for BlueJay are, concentrate purity, grade, tonnage and ease of loading. The purity is looking good and may be set to improve on simple refinement of the separation process. Tonnage is set to increase and low cost dredge mining and ship loading should add to the economics of the project.
Conclusion: BlueJay is shaping up to be a world-class ilmenite mineral sands project. It still requires the endorsement which only comes with customer orders and it needs to better prove its tonnage and grade potential but with rich-looking black beach sands on the active beaches and in the historic beaches the project is looks set for world-class potential.
*SP Angel acts as nomad and broker to BlueJay