The whole point of the fodere plant is to fully capitalise on the titanium element, without relying on iron or vanadium through dry separation. This makes iron price irrelevant.
Everything is bleak at this point in time and every company is suffering as nobody feels the need to take risks in shitty penny stocks that have so much to prove. This is still a risky investment. I'm not convinced, but its nice to average down for when things get exciting again.....
Essentially a shell now with no value given to the project and with iron ore prices dropping and impending recession times look bleak.
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So in a sense, I'm jumping the gun. 15 tons an hour is 131,400 tons a year... so this isn't the pre-commercial plant and the land wouldn't have anything on it as they haven't started building yet. OK, makes sense
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Latin America.... but I thought it was Latin & South America we had the rights for.
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It would help if I was better at spelling. Sorry, my English not great.
How does the fodere test plant directly correlate with jangada getting funding for pitombeiras plant? Who is giving the money to jangada mines for fodere's plant to be built in Brazil? It costs maybe £100 million to create the plant. Not to say anyone has to answer that question or argue, obviously options are on the table, but without any real answer, its the unpredictable nature that is being questioned
Obviously get your logic. Makes sense. But its the average investor that has sold over the past year that needs some good reasons to come back... the expectation would be a full DFS, no technical report rubbish. The next challenge is obtaining the many millions it will cost to build said revolutionary plant that we are so destined to use...
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The clear difference with Jangada after listening to Brian at the AGM is his and Luiz’s high shareholdings. They don’t want dilution. And they have assets they can sell down first.
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Just a reminder arcm said they didn't need to raise.....then did !
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Ah okay. JAN have about $3m of cash and investments from memory?
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Not true..... we are expecting to find out results from processing our sample through the Fodere process. That will change a lot of things.
Mind you impending recession would slow everything down.
Well Halloween is coming up and I'd like to scare the misses with further losses
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I wish you weren’t jumping the gun! I wish the process was keeping pace with your ambition. But the test results will be key - a “game changer”as Brian repeatedly proclaimed - and I assume we should hear something this month.
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Need to check. Latam is south of USA. South America is everything below Panama. Latam would be good because mining is big in Mexico. But just South America includes Peru, Chile, Argentina, Brazil…significant opportunity!
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And the technology may make future acquisitions more valuable/ viable. Also, remember Jangada has the rights for Latam.
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Fodere's processing technology should be far more efficient and less capital intensive than existing routes.
This should lead to far better returns for Pitombeiras. Lower CAPEX, higher NPV & IRR.
This will make the project more attractive and easier to obtain finance to get the mine built
After DFS, what other excuse can be used for kicking the can down the road, blaming on "market conditions"?
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We have to remember that at the end of nearly a year and a half of few updates, we are in the quarter where we can expect some updates on Pitoembieras. From the attendees of the AGM we know the sample is onsite and not long before it can be processed.
Finally ... if we get what we are waiting for..... we will have news worth a rerate that sticks.
Sleeper stocks are great. Things will pick up. Just forget about it for a while.
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Be nice to have an RNS about Jan's progress for a change.
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Arcm are by no means unique either I've heard loads of companies say they won't or don't intend to raise only to then go on and raise
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Thanks for that update Hoss. Would be great to see an increase in news-flow over the coming months. I won’t hold my breath but I am hopeful! 🤞🏽
Also I know there hasn’t been much volume but the sp seems pretty well supported off 1.2 and great levels to be buying off imo.
I think that was a reference to dipping into the holdings JAN have before going to the market.
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