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JMS - Jupiter Mines

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YOUNG_TRADER said:
Pretty much mate,

I value JMS at 30c on Mt Mason, Klondyke, and Widgie alone

Mt Mason is only 2Mt's but its DSO ore and could very easily be 5-10x as large, they just need to do more work, as an individual project I would give this a $25m value (inclusive of upside etc) I think this is fair when you consider that IRM trades at a fully dilluted mkt cap of $50m for its speculative exploration grounds near Mt Mason

I would give Klondyke a value of $15m, now I know current JORC is 300k oz's and thus thie represents an EV of $50/oz but you have to remember that the target potential there is multi million ounce's

Widgie gets a speculative value of $5m

Uranium Projects spec value $5m

So Based on these I get
Mt Mason $25m
Klondyke $15m
Widgie $5m
Uranium $5m

So $50m = 30c which is where we are now, this ascribes no value to the other Pilbara Iron Ore projects such as Shay Gap or Brockman

So obviously any discovery at Brockman will add value to where we are IMO
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YT. I have a question. At $50mn + $6mn cash, shouldn't the share price be $0.40. - again, exclusive of Brockman and any premium for having Talbot on board.

$56 / 140mn (shares on issue) = $0.40.

So effectively, are you not valuing the non-core assets at $0.40. Thats a 30% premium to current share price and again, no value is assigned to Brockman.
 
Gekko said:
YT. I have a question. At $50mn + $6mn cash, shouldn't the share price be $0.40. - again, exclusive of Brockman and any premium for having Talbot on board.

$56 / 140mn (shares on issue) = $0.40.

So effectively, are you not valuing the non-core assets at $0.40. Thats a 30% premium to current share price and again, no value is assigned to Brockman.
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Fair enough, I was being conservative, the point is that Brockman is arguably not priced into the Share Price at all, so anything at Brockman will add value, and going off FDL today huge value


Also can some others check my map to make sure its correct?

I was going off Doc's one
 

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The bottom map is very interesting and it looks like Brockman not only runs straight off Rio's currently operating iron ore mines to the left(off screen) but eats nicely into the heart of FMG's tennement which contains the recently discovered 1 billion tonne discovery.

Also if you go back to FMG's release about the discovery they are talking about a total find of 3 billion tonnes which needs to be proven by drilling.

So how much of that find could be sitting inside JMS's Brockman tennement?
 
YOUNG_TRADER said:
Fair enough, I was being conservative, the point is that Brockman is arguably not priced into the Share Price at all, so anything at Brockman will add value, and going off FDL today huge value


Also can some others check my map to make sure its correct?

I was going off Doc's one
Click to expand...

I thought you were being conservative YT. Very conservative. You'd dont want to give us a figure for Brockman. 50c? $1? $1.50? We'll, i think we all agree the company could be on something special. The open might be a good time for me to buy before im catching tail. :banghead::banghead:
 
3 days straight and JMS manage to hold its ground, FDL up 700% on estimate they haven't even started drilling, all JMS have to do is provide the public with their estimate and we have lift off. 630M is probabaly never going to happen but half that is still worth billions and considering JMS MC of only $40M I cannot see it dropping below .27. Agree with YT that JMS spread in Hotcopper has been tainted with way too much spam. Only stock in my portfolio that is up today.
 
tour said:
Agree with YT that JMS spread in Hotcopper has been tainted with way too much spam. Only stock in my portfolio that is up today.
Click to expand...

Yeah just had a look before, "apparantly" I'm saying that JMS is the nexxt FDL or something like that,


just so we're clear, my thoughts on JMS are as follows,

1. Brockman
Back in December 2006 the company outlined a target (key word target ) deposit that was 4,000m's long 300m's wide and should be 150m's thick/deep based on RIO's Adacent Brockman deposit,

Now IF (Key word IF ) the whole area is mineralised we get a target thats 4,000x 300x 150x 3.5 (sg) = 630Mt's@60% Fe (note grade based on rock chip samples and RIO's adjacent project)

So Max Target = 630Mt's@60%Fe

Realistic Target 25% = 160Mt's@60%Fe

Now FDL have a 350Mt target (key word) target and their mkt cap rocketed to $90m

Also a few days back FMG announced a 1Billion Tonne deposit nearby


So my conclusions for Brockamn are simple
1. The deposit is adjacent to RIO's large Brockman mine and so this improves the prospectivity of JMS's grounds

2. FMG recently announced a 1Billion Tonne Deposit nearby futher improving the prospectivity of JMS's grounds

3. Today FDL announced a 350Mt TARGET and their mkt cap shot up to $90m

4. JMS has a 620Mt TARGET that should be DSO (ie 60%+Fe) it has a swag of other projects which I have shown arguably underwirte its SP at say 30c and so would seem undervalued on a peer comparison

5. The intial work at Brockman was so impressive that Talbot bought 11m shares at a 100% premium to the last few days price, to me thats a very bullish sign as this guys an old school miner and he's filthy rich so I'd assume he'd have good advisors, HE HAS NOT SOLD A SINGLE SHARE SINCE BUYING, so my guess is like us he's eagerly awaiting drilling results


So I'm not saying JMS is the next FDL, or even the next FMG or anything silly like that, but the fact is the FMG/FDL/RIO mines/deposits/targets show how elephant country this area is and it wouldn't surprise me if once the mkt woke up to the potential size of Brockman the SP was re-rated in accordance with peer comparisons

Drilling results should be out soon so we'll know one way or another :)
 
Here are some maps of the actual tenement area.. sorry about the quality, had to squash down to 50% fit under space limit on here.

May not be 100% accurate, however should give you an idea. Have used a combination of Tengraph, google maps, and the map provided by the company themselves to build these. Haven't had time to draw in the surrounding tenements, but they're mostly FMG.
 

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Nice work there gfresh it looks via the imaging that a substantial part of the brockman iron ore formation falls inside JMS tennement boundary.

The smart play would be to trade FDL until it has run out of steam and then invest the profits into JMS as it will gain strength from not only the nearology factor but the upcoming Brockman drilling results it will begin to run leading into Christmas.
 
The maps are very helpful. How does the overlapping of tenements work out; who gets what share of the resource?:)
 
Just looking at where it has been for the last 5 years. Hope that this is the start of something for JMS.
Like YT said, new management and the Brockman tenament. Hope it's the start of good things in the future
 

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Pre-open looking very good indeed, on a -200 DOW day & JMS is on the rise.

I think we can almost safely say good bye to 30c ! :)

Share Quote as at 9:52 AM Sydney Time, Friday, 23 November 2007
JUPITER MINES FPO

Code Bid Offer Last Change* Open High Low Volume News
JMS 0.350 0.310 0.310 0.000 0.000 0.000 0.000 0

Buy | Sell | Add to Watchlist | Research | Chart | Print | Help


Market Depth
BUY SELL
Number Quantity Price
2 53,571 0.350
5 188,235 0.340
6 400,000 0.330
4 112,000 0.325
6 328,625 0.320
15 660,166 0.315
10 540,762 0.310
5 102,421 0.305
8 794,133 0.300
2 174,286 0.295
#
1
2
3
4
5
6
7
8
9
10
Price Quantity Number
0.310 17,000 1
0.315 360,234 2
0.325 99,401 5
0.330 176,500 5
0.335 245,150 6
0.340 121,000 2
0.345 90,495 4
0.350 340,032 8
0.355 100,000 1
0.360 100,000 1

Share Quote as at 9:52 AM Sydney Time, Friday, 23 November 2007
JUPITER MINES FPO

Code Bid Offer Last Change* Open High Low Volume News
JMS 0.350 0.310 0.310 0.000 0.000 0.000 0.000 0

Buy | Sell | Add to Watchlist | Research | Chart | Print | Help


Market Depth
BUY SELL
Number Quantity Price
2 53,571 0.350
5 188,235 0.340
6 400,000 0.330
4 112,000 0.325
6 328,625 0.320
15 660,166 0.315
10 540,762 0.310
5 102,421 0.305
8 794,133 0.300
2 174,286 0.295
#
1
2
3
4
5
6
7
8
9
10
Price Quantity Number
0.310 17,000 1
0.315 360,234 2
0.325 99,401 5
0.330 176,500 5
0.335 245,150 6
0.340 121,000 2
0.345 90,495 4
0.350 340,032 8
0.355 100,000 1
0.360 100,000 1
Click to expand...
 
nice day vol wise, supply has been able to meet demand though, at this stage

as expected drilling results aren't due until later in the year, will be interesting to see where support lies (recognising that today's action owes a little to fdl fever)

cheers :)
 
There is only a month left in the year? ;)

The maps are very helpful. How does the overlapping of tenements work out; who gets what share of the resource?
Click to expand...

Not quite sure... but as JMS mapped out in their diagram, they drew the tenement basically cut back diagnonally on the eastern side (where the blue tenement overlaps on my map) - so I believe the Hamersley/RIO tenement overrides this.
 
happytown said:
as expected drilling results aren't due until later in the year, will be interesting to see where support lies (recognising that today's action owes a little to fdl fever)

cheers :)
Click to expand...

Hi Happytown,
Do you mean drilling results are due for announcement later as in this year or in 2008?
Thanks:)
 
Results are due by christmas, I can't believe all this selling :banghead:

Wel my position is and has always been if Brockman comes in JMS will be re-rated many multiples of the current level,

Christmas is not that far off, I'll wait, but I can't believe all of this f#$king selling :banghead:
 
Massive amount of volume today. It's got to be a record. But after spiking at around 0.34, it's come back to 0.30. Another retreat before a move forward? I'm wondering what is happening? Any explanations? Just another opp at 0.29/30 to buy more? Or is there some so called "inside" info floating around pushing the price down.

-------------------------------------------------------------------------

Just saw your post Y.T. I don't understand it either. More old school holders selling out? or the above suggestion?
 
eMark said:
Massive amount of volume today. It's got to be a record. But after spiking at around 0.34, it's come back to 0.30. Another retreat before a move forward? I'm wondering what is happening? Any explanations? Just another opp at 0.29/30 to buy more? Or is there some so called "inside" info floating around?
Click to expand...

I called the company, they weren't prepared to comment, they won't say anything, my guess is maybe the Ex management that got the boot are dumping?

But then why wouldn't you wait for results? they're so close,

Sometimes nothing makes sense :banghead:
 
I guess today's selling means there are more and more rich day trader outside.
They bought millions of vols and sell in the next day.
 

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