Australian (ASX) Stock Market Forum

JML - Jabiru Metals

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its looking good now kennas

not pushing to hard, just a couple of cents each day will do me fine, by doing that it will build a firmer base of support instead of rushing ahead of itself like before. a decent amount of support is building around 60 cents

ive been looking over hartleys valuation, they valued JML at 81 cents at old spot prices. this valuation also did not take into account the additional inferred resources at teutonic bore that was one of the last ann to market. i think this valuation has also considerably underestimated the future forecasts for zinc spot prices.

both jaguar and teutonic bore deposits are open underneath and leave potential for expansion on current resource estimates. once this begins to get closer to production we will start to see fair value IMO.
 
A few cents either way are irrelevant for this stock. The chartists wouldn't know what day of the week it is. Focus on the fundamentals of the proposed mining operations. These tell me that this share will at least go to $1.50.
 
if you read the posts i have been combining technical and fundamental analysis for this stock.

i was stating that hartleys valued this stock at 81 cents, THAT was before the ann of an additional resource near jaguar

fundamentals of this stock are great, jaguar deposit coming online with an additional resource located very close to jaguar. zind spot looking good, with the LME zinc stockpile to be hitting a critical level when JML start producing.
 
both teutonic and jaguar resources are open at bottom, in interview yesterday md stated exp will be continuing to expand resource.

he also stated over 50% complete for jaguar and are currently meeting deadlines to have this under production by june qtr next year right when zinc prices will be most beneficial.

there are both hartleys and rbc capital markets value JML at 80 cents plus and rate as outperform. these valuations will obviously increase as we get closer to production, and pending everything is operating smoothly.

here is a link for broker summary on JML, do your own research

http://www.jabirumetals.com.au/BrokerReports.htm
 
Thanks dj_420 for the link,

The RBC report was a good little read, sounds like a very positive report with everything going well according to schedule.

I can't see how the zinc stock will recover that quickly yet, the stock is diving towards the 100,000 tonne mark, and probably reach it within the next 2 weeks. The zinc price is set to soar towards the $2 mark i say by the end of next month.

Just hoping they won't encouter any problems and be starting production early next year, and ride the price of zinc! And best of all JML is 100% unhedged! :D

Hypnotic,
 
hey hypnotic good to see someone posting on JML, i was beginning to think im the only one aboard.

i think this company will be a good little earner. but yeah i cant see zinc supply recovering within 6 months of deficit, and yes i agree one of the best things is that JML remain completely unhedged.
 
dj_420 said:
hey hypnotic good to see someone posting on JML, i was beginning to think im the only one aboard.

i think this company will be a good little earner. but yeah i cant see zinc supply recovering within 6 months of deficit, and yes i agree one of the best things is that JML remain completely unhedged.
Click to expand...

I am sure there are others out there.

I only just got onboard recently, but it has been on my watchlist for a while now. Just regret not getting in earlier... it's definitely got good potential. We'll see how it goes when it starts producing. fingers crossed for the next few months.

Cheers,

Hypnotic
 
Yeh these Zinc stocks are starting to reward me with my patience. I got in on this one back in April @ 46cents and then watched it go backwards and sideways for along time. I also hold TZN and CBH.
At one stage it was like I was dashing around on the train platform desperately trying to get on the leaving train and missing it. Or the old getting impatient and wanting to put the money into something else and selling only to watch the stock I just sold head higher. :banghead:
The market seems to love doing that. So I decided I would just go with the Zinc fundamentals and hang in there, and now it showing great promise. :D
 
kitehigh said:
Yeh these Zinc stocks are starting to reward me with my patience. I got in on this one back in April @ 46cents and then watched it go backwards and sideways for along time. I also hold TZN and CBH.
At one stage it was like I was dashing around on the train platform desperately trying to get on the leaving train and missing it. Or the old getting impatient and wanting to put the money into something else and selling only to watch the stock I just sold head higher. :banghead:
The market seems to love doing that. So I decided I would just go with the Zinc fundamentals and hang in there, and now it showing great promise. :D
Click to expand...

I am happy for you that your patience has paid off. I got on the zinc train and got off a stop or two too early :banghead: Looks to me zinc will still be in the spot light for a while until we see signs of zinc stocks building up otherwise it'll still be heading up up and up.. Hopefully JML won't be too late for it. Interesting days ahead. :)

Just a thought, at what level does everyone think the zinc stock will start turning??? Zinc stocks have been on a steep decline as far back as late 2004.
Surely there must be new miners producing zinc by now... i just hope JML will be one of the first new ones to do so and reap the rewards.
 
From the reports that I have read it appears that the zinc supply will not supply the demand for a number of years so underpinning the zinc price.
As for JML I'm in them at the mo, have been another of my good traders for a while now, I'm reluctant to be a long term holder of any yet to dig anything up miner, but that is changing for me with JML as it gets closer to production. porkpie
 
some nice movement today, showing a pick up in interest, atm its a cheap zinc stock close to production. ive been looking over yearly and they have a few good tennements for zinc and copper deposits, should be able to increase teutonic bore also.

sp was pushed down to 56 couple days ago and now its 66 cents. there are valuations on this stock at 80 cents though.

im holding medium to long term on this one, want to see them right through production and longer depending on zinc fundamentals.
 
dj_420 said:
some nice movement today, showing a pick up in interest, atm its a cheap zinc stock close to production. ive been looking over yearly and they have a few good tennements for zinc and copper deposits, should be able to increase teutonic bore also.

sp was pushed down to 56 couple days ago and now its 66 cents. there are valuations on this stock at 80 cents though.

im holding medium to long term on this one, want to see them right through production and longer depending on zinc fundamentals.
Click to expand...

Very very nice movement today with quite a bit of action, up 11.11% today to 70cents, it's getting very close to the 80cent valuation mark.

Looks like there is a clear sky ahead of them too with only about 100k shares
from 70 cents to 72 cents and nothing until 76 cents

Price Quantity Number
0.700 59577 5
0.710 10000 1
0.720 31500 2
0.760 30000 1
0.790 16500 1
0.800 11000 2

wonder if there is some news coming up.... any thoughts anyone?

Hypnotic
 
i know the sell depth is looking great!

a few trades went in after the bell today people snatching up shares at 70 cents to close on the high.

the drill program for lennon's find is 2006/07 so not really sure if results are due yet. they only just released results for teutonic bore also. no real clues in the yearly report as to when results are due.

it could just be JML popping up on the zinc radar and its showed an increase of interest.
 
mmmmining said:
Very interesting price movement. Maybe CSM is on the move?
Click to expand...

IS JML very levaged to zinc price once it starts producing?

Earnings and Dividends Forecast (cents per share)
2006 2007 2008 2009
EPS -2.2 1.3 17.5 21.6
DPS -- 0.0 0.0 0.0

EPS(c) PE Growth
Year Ending 30-06-07 1.3 53.8 --
Year Ending 30-06-08 17.5 4.0 1,246.1%


thx

MS
 
hypnotic said:
Just a thought, at what level does everyone think the zinc stock will start turning??? Zinc stocks have been on a steep decline as far back as late 2004.
Surely there must be new miners producing zinc by now...
Click to expand...

The zinc stock will probably start turning when it cant go down anymore, ie. when it hits zero.
If it was possible for it to be negative than im sure it would
WHY?
because of years (more than a decade) of low prices, and several years of underinvestment in the sector in terms of discovery and development.

Though the zinc stocks have been going down since late 2004, the price only started going up in jult 2005 so a bit more than a year, and discovery and development only becomes feasible when the price was above 50c, which was july 2005.

It takes more than 1 year to get a project off the ground. PH claims to be a record from discovery to development and it will be about 4years+ (they started drilling it in december 2003 - with first production scheduled mid-2008.

So the supply response will take a long time. As long as the demand is there, i can see strong prices until. China has been growing for 27 years, and if their recent data for industrial production is anything to go, they are beginning to accelerate (up 16.5% for july year-on-year).

And MS - why dont u do your research instead of just asking everything?? You will probably find the info quicker than the reply will come anyway. Its just a few clicks away.
 

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