Australian (ASX) Stock Market Forum

JMS - Jupiter Mines (1 Viewer)

Joined
Feb 18, 2006
Posts
4,199
Reactions
0
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
Code: JMS
Name:Jupiter Mines
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
 
Joined
Feb 18, 2006
Posts
4,199
Reactions
0
Again, I am suprised nobody wants to add their thoughts,


Surely there were some people here who rode up on CAZ and AQD,

:cautious:
 
Joined
Feb 18, 2006
Posts
4,199
Reactions
0
Since first posting about stock I took a position in it and options (20c 31 jan 07)

They are drilling their Iron Ore deposit and given the fact that it is near where RIO and AusQuest executed JV's I wouldn't be suprised if RIO is finally interested in its ground.

Anyway stock has had no volume for last 2 months and has been very flat, yesterday and today have seen some spikes moving from 7.5c to 12c (60%)

Thoughts?

This is for the speculators only!
 
Joined
Feb 18, 2006
Posts
4,199
Reactions
0
No, not the chinese, but this company is still tiny

It has 60m shares @ 12c = $7.2m

Also has 30m 20c option, out of the money for now,


I can't believe how far under the radar this spec Iron Ore play has flown, (With Nickel grounds as well) + a 300k oz JORC gold deposit,


I think given its grounds stock should have a mkt cap of $30m = (Assume options exercised = 90m shares fully dilluted) 30c+

If you are a specie and you've seen how rapidly AQD, RHI, IOH and CAZ rose (pity it didn't get its licence) then you will realise the potential,

Take a look at qtrly report released today,

Anyone else follow?
 
Joined
Feb 18, 2006
Posts
4,199
Reactions
0
The more I look @ this juniour the more parrallels I draw between it and AQD,

AQD traded between 7c and 15c until in early Dec Rio farmed into its Iron Prospects and then whammo it went to 50c,

JMS has traded between 7c and 13c un-noticed on low volumes, its capital structure is very very similar to AQD, its Iron Ore Prospects are very very close to AQD and RIO's so what will a farmin do to JMS?

Arguably 40-50c, will it happen who knows but given the upside its worth a punt.



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.
 
Joined
Feb 18, 2006
Posts
4,199
Reactions
0
Should add that they have a Gold Deposit @ Klondyke which is JORC 4.3Mt @ 2.1 g/t = 291,000 oz's Gold, @ Low EV of $25 per oz = $7.5m = 10c
@ Avg EV of $50 per oz = $15m = 20c
 
Joined
Feb 18, 2006
Posts
4,199
Reactions
0
Opened above resistance of 12c today, if it can clear 14c next level will be 20c (ie IPO price)

With drilling commencing on its Mount Mason Iron deposit interesting times lay ahead for this juniour Iron Ore player
 
Joined
Jun 22, 2005
Posts
277
Reactions
1
Another great pick YOUNG_TRADER, do you want a job? You can come and be my personal stock broker....as long as you live in sydney!
 
Joined
Feb 18, 2006
Posts
4,199
Reactions
0
ctp6360 said:
Another great pick YOUNG_TRADER, do you want a job? You can come and be my personal stock broker....as long as you live in sydney!

Hmmmm, sounds tempting :D


JMS has only started to show signs of life,

Iron Ore near Rio (AQD farm in), Nickel near MCR (Redross and Mariners) and 300k oz's of JORC gold,

Current mkt cap is still around $10m mark as opies are out of the money, which is still cheap given gold resource only!
 

michael_selway

Coal & Phosphate, thats it!
Joined
Oct 20, 2005
Posts
2,397
Reactions
1
ctp6360 said:
Another great pick YOUNG_TRADER, do you want a job? You can come and be my personal stock broker....as long as you live in sydney!

hehe do you have to pay him fees but?

thx

MS
 
Joined
Jun 22, 2005
Posts
277
Reactions
1
I'll pay him whatever he asks, look at this stock, I've made over $8000 on it today, and I would have made more if there had been enough volume for me to have got a decent parcel!
 
Joined
Feb 18, 2006
Posts
4,199
Reactions
0
$8k huh CTP? Let the good times roll!

lol we'll have to meet someday so you can shout me those drinks you promissed me from TZN :D


btw check out BSM, another specky I like, but with a Zinc/Copper deposit with huge potential :)
 
Joined
Jun 22, 2005
Posts
277
Reactions
1
I made $8,180.82 precisely, I bought in at 0.135 yesterday and sold this afternoon for 0.17, that's a 25.93% increase in 1 day! So I owe you a whole evening of drinks now!

I'm not sure where you live but if its anywhere near Newtown, Sydney, let me know!
 
Joined
Dec 14, 2004
Posts
1,035
Reactions
0
u must have had close to 250,000 shares...
your trades accounted for 10% of the volume in the last two days...
 
Joined
Apr 10, 2006
Posts
73
Reactions
0
Damn. Was looking to research this company to decide whether it's good value and now it's too late!
 
Joined
Apr 18, 2006
Posts
126
Reactions
0
Well I was going to ask some opinions as to if it would run higher than YT's expectations of 20. Considering everything seems to go a bit higher than anticipated. Whadday'all reckon?
 
Joined
Jun 22, 2005
Posts
277
Reactions
1
Yeah Rafa I had 236000 shares, I tried to buy more than double that but there simply wasn't enough volume for me to buy without severely affecting the share price. That is the problem with these smaller caps, slippage is a really big deal and its hard to get larger parcels (let alone selling quickly when you want to!).

coladuna I definitely wouldn't say its too late on this one, in fact I believe the existing trend will continue and this one will keep rising, YOUNG_TRADER is probably better to ask about this than me. The reason I sold was I saw an opportunity for a good exit with a 25% gain in 1 day and I thought that was too good to pass up, it is no reflection on what the future of this stock holds!
 
Joined
Apr 10, 2006
Posts
73
Reactions
0
ctp6360 said:
coladuna I definitely wouldn't say its too late on this one, in fact I believe the existing trend will continue and this one will keep rising, YOUNG_TRADER is probably better to ask about this than me. The reason I sold was I saw an opportunity for a good exit with a 25% gain in 1 day and I thought that was too good to pass up, it is no reflection on what the future of this stock holds!

I do believe it's possible to go higher but after a bitter experience from buying on the rise, I'm very hesistant on buying stock that has already risen a lot. However, I'll certainly keep my eye on it. Well done on that excellent profit!
 
Joined
Feb 18, 2006
Posts
4,199
Reactions
0
If you look @ my above posts and summarise JMS has

1. Iron Ore projects near Rio and AQD(where Rio farmed in, AQD similar capital to JMS, sent AQD from 8c to 50c)

2. Nickel grounds with excellent drilling results near MCR's mines

3. A 300k oz JORC gold deposit

4. A very tight mkt cap


Given all of the above JMS represents one of the most undervalued spec stocks in the mkt, just a farm in or letter of intent from RIO will send this stock to 50c as it did with AQD, or a farm in from MCR on nickel should = 30c,

While CTP's profit in 1 day is great please keep in mind that he like most of us are sitting of Fat Profits and can hence afford to rick alot, for new commers I wouldn't throw too much money at this as its a spec stock, ie higher risk but mcuh higher return,

Do some research, see where they're Iron Ore gorunds are, see how close in proximity it is to Rio and AQD's where RIo farmed in,


There are drilling there Iron Ore Deposit now to create JORC estimate, I am sure RIO will be watching to see results.

The primary reason I bought this stock back in Feb was after looking at what happened to AQD when Rio farmed in and by chance seeing that JMS had the only other ground around this RIO/AQD area.

Remember above is my opinions only :)
 

Users who are viewing this thread

Top