Re: Disko rivals world leader Nickel Ha ha ha ha ha ha
Re: Disko rivals world leader Nickel donkey derby,In plain and simple terms you're buying ten pences and paying a pound for each. If you had a spare £100m you could set up 10 companies with a similar profile to JAY. And if you really wanted 9 of those could be the other 9 similar license areas in Greenland! JakNife
Re: Disko rivals world leader Nickel JakNife is imo shorting Bluejay. Au contraire I keep adding.
Re: Disko rivals world leader Nickel Good luck with the de-ramping.
Re: Disko rivals world leader Nickel The price is just wrong, it's too high by about a factor of 10.JAY has just over £7m of cash and two exploration licenses. The exploration licenses can be bought for about £1.5m a piece. Eg, the notes to JAY's accounts reveal that they paid £906k for 60% of the original Bluejay license; the balance was bought with a "confetti" issue of shares.So on the numbers, JAY has about £10m of assets but the market cap is £102. That implies that the share price needs to fall by 90% until it's at fair value. STRONG SELLJakNife
Re: Disko rivals world leader Nickel Lex - I cannot do the maths for Disko but my understanding is that Rod McIlree and his colleagues have high hopes for this licence. The company has the summer months during which it can work on Pituffik, improve resource and deal with the bulk sample.With the area in Greenland where Disko is situated being that much further south than Pituffik, temperatures are warmer. Hence as the weather closes in in Thule, staff can move south and the electromagnetic survey can take place. If they can identify a sweet spot for the nickel it is game on. Rod M is a talented geologist and I believe that he will find suitable place(s) to drill and if the company identifies the area(s) where the boulder currently housed in the museum is located Disko could be as big a resource or even larger than Pituffik.I am a big fan of Bluejay!!!
Disko rivals world leader Nickel Morning all!I have to digest this one.The RNS says;Bluejay CEO Roderick McIllree said, "Whilst the advancement of Pituffik remains our primary focus, Disko undoubtedly offers an extremely attractive development opportunity and the chance to conduct this work to define drill targets during the 2017 season is far too great to miss given our ability to leverage existing activities which allows for significant cost savings."Disko has the potential to rival Norilsk, both in terms of size and grade, and having reworked all available historical data it's a key part of our strategy to execute the ground based EM to define optimum drilling locations.---End---So the statement says that the Bluejay licence area rivals the world leader in Nickel?Can someone please do some maths on this? Thanks, LPwikipediaMMC Norilsk Nickel (Russian: ГМК «Норильский Никель» is a Russian nickel and palladium mining and smelting company. Its largest operations are located in the NorilskTalnakh area near the Yenisei River, in northern Russia. It also has holdings near the Kola Peninsula at Nikel, Zapolyarny, and Monchegorsk; in western Finland at Harjavalta; in southern Africa in Botswana and South Africa; and in western Australia. MMC stands for "Mining and Metallurgical Company".Norilsk Nickel is headquartered in Moscow and is the world's leading producer of nickel and palladium. It is ranked among the top ten copper producers.The company is listed on MICEX-RTS. The key shareholders are Vladimir Potanin's Interros and Oleg Deripaska's Rusal: each reportedly owns over 25% of shares. In December 2010, Norilsk offered to buy out Rusal's share for US$12 billion, but the offer was declined.[1]
Black swan, Black beauty? BlueJay, black swan?What should investors make of a company like BlueJay Mining, then? The Greenland-focused outfit, formerly known as FinnAust, is also going great guns this year after announcing that its Pituffik mine will not only be up and running within a year, but probably sits on the highest-grade ilmenite deposit on earth. On its own, Pituffik's near-term production may not have a large impact on global supplies, but the discovery puts a big question mark over the industry's future. That's because a geological survey published by the Danish and Greenland governments in the last fortnight has suggested the region in which Pituffik is located could be home to 17bn tonnes of pure ilmenite. If those figures are true, Greenland could soon find itself at the top of world titanium feedstock reserves, and the strategic priority of miners.[link]
Exciting I can see no more promising share to buy at the moment than this one - and the obstacles towards massive profits seem now to be all conveniently falling away - which is I guess why there were so many big buys yesterday. I assume institutional buying.09:57:24 14.5 5,000,000 725,00009:56:49 14.499 5,000,000 724,950 etc