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JMS - Jupiter Mines

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YOUNG_TRADER said:
Shame that they haven't yet approached/been approached by MCR to take a look at their Nickel Grounds, JMS's 'Cassini' Nickel find is next door to MCR's Redross and Mariners Operations,
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Yep- looks lke your 90% prediction was good. But maybe MCR will hold off JV- cause they found more nickel a few days ago on their own land...
 
First of all peeps, check out audio interview at http://www.brr.com.au/event/JMS/964/10918/


Looks like the Mt Mason Project will be a 10Mt deposit (approx ie very rough estimate)

JMS will be trying for a 49% holding in project,

Probably a 1-2Mt p.a. operation of DSO grade Iron Ore giving 5-10 year mine life (depending on output volume and depsoit size obviously)

CAP Ex: $50m AUD, JMS contribute nothing, instead its 49% (assuming thats its interest) contribution requirement comes out of profits ie pay back style, so no need for funds,

Simple open cut mine, truck the ore 100kms by road to Menzies, then by rail (plenty of excess capacity) to Port of Esperance (Again plenty of excess capacity, then Ship to China

Minimum World Benchmark Iron Ore price,

Looking very good indeed
 
Hm...

Yes indeed it sounds very good, but has this MOU from sino expired or

are there no expiry???

Did i recall them saying 30 days from the drilling results..

Anyway i think we'll need to be very patient on this one...

Cheers,

Hypnotic
 
Patience may not be rquired for too much longer,

Drilling Results released June 7th + 30days MOU timeframe = July 7th = less than 2 weeks away
 
YOUNG_TRADER said:
Patience may not be rquired for too much longer,

Drilling Results released June 7th + 30days MOU timeframe = July 7th = less than 2 weeks away
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Would there normally be an announcement before this date stating they were in discussion over terms etc?
 
Mind if I ask a dumb question...just how high are we expecting/hoping/guessing/betting JMS will realistically go over next 3-12 months? 20c? 50c? $1? $2
 
Might not be anywhere Moses. No one is buying it. It's had zip volume last week with all eyes and ears waiting for this possible JV announcement.

YT will say it's going to $1.00 I reakon.
 
kennas said:
Might not be anywhere Moses. No one is buying it. It's had zip volume last week with all eyes and ears waiting for this possible JV announcement.

YT will say it's going to $1.00 I reakon.
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I actually wouldn't say that,

It has 65m shares and 35m 20c opies, so at prices over 20c opies are in the money and exerciseable, so I will assume 100m fully diluted.

I would say 30c is what it should see quite shortly if the JV goes ahead, thats a very undemanding market cap of $30m, but it may go as high as 50c over the next 6months, ie a mkt cap of $50m,


$1 is just not plausable, and if it did I would sell, I would be looking to sell at 40-50c too if it got there too quickly, but 30c is definately what it should be at IF THE JV GOES AHEAD
 
I hope so YT!

My horizon will be a little bit shorter. Looking forward to 7 July!

A bit of volume might be the sign.....
 
It's interested to look at the sellers out there for this.

Only 130K shares being offered between .135 and .16c. Then just 100K at .16c. Nothing.

If just a couple of keen buyers come into the market this will jump quite a bit, but where is the volume of sellers going to come from for people to get in?

Will be interesting to watch this unfold. I'm sure those who were buying in at around .17c are interested to....
 
kennas said:
Might not be anywhere Moses. No one is buying it. It's had zip volume last week with all eyes and ears waiting for this possible JV announcement.
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Well...somebody keeps chipping in at 0.14, and there is a sudden buildup on the waiting list at 0.135.

Thanks YT for the estimates, very helpful.
 
well we are on the move....presently 0.155. Could be some anticipation re confirmation of the JV.
 
Yes, it crept up today after a week on holiday. Interesting.
 

This share is getting very interesting.

Can't wait to see the action on this share again...

Hypnotic
 
JMS - Market Update - Mr Alan Broome, Chairman
JUPITER MINES LIMITED (JMS)
Scheduled start: Thursday, 29 June 2006 10:30 AM (New South Wales)
Please note: live events may not start precisely on schedule. Please stay tuned

Will be very interesting to listen to for JMS followers

http://www.brr.com.au/event/JMS/964/12323/wmp


Hpynotic
 
This was just posted over at Sharescene -

"There will be a audio broadcast with chairman (Mr Alan Broome) today about the Mt Mason Iron ore project. Hopefully this interview will provide us holders with some good news to kick the price along."

Let's hope there is some good news, would link in nicely to yesterday's show of some interest.
 
kennas said:
Buyers lining up at .14c.
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Hi Kennas...

What does this indicate? Surely if there's potential for positive news there won't be any sellers at .14c

 
ALFguy said:
Hi Kennas...

What does this indicate? Surely if there's potential for positive news there won't be any sellers at .14c

Click to expand...

Sounds very positive on this news...

And plenty of potential on this project...

Waiting on more exposure to this company

Hypnotic
 
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