Ok people this is not for the faint hearted or risk averse this one is for those people who want a chance at riding a 5x increase stock,
Very simple run down
Resource: Iron Ore & Nickel Explorer
Shares: 60m + 20m 31/1/07 20cent options
Very simple why I bought some in this spec sompany it has two very attractive land holdings.
1. Is called Beasley River, which has returned good grades of Iron Ore and is surrounded by AusQuest (AQD) and Rio Tinto (RIO) tennements, for those of you who don't know see what happened to AQD when RIO farmed into its area, I'm hoping for a repeat here as the JMS tennements are showing close similarities to AQD's
2. Widgiemooltha, which has returned some excellent grades of Nickel, but more importantly is completely surrounded by Mincors (MCR) nickel deposits 'Redross' and 'Mariners' MCR has openly stated that it needs to establish new reserves, well where better to look than in a pocket of land thats showing very good similarities to 2 of your huge deposits
Point is although JMS is a tiny micro cap company with little cash left $1m, all that is required for a huge price increase is for either RIO to farm into its Iron Tennements, or MCR to farm into to its Nickel tennements, I think there is a very good chance this will happen given that these Companies have very succesful operations surrounding them.
For the reasons above I bought, it is a spec stock, so do your own research, happy investing