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JMS - Jupiter Mines

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Hmm looking at the volumes, more specifically lack of them on the sell side, is this about to lift off sooner than i thought?

Ok maybe I am excited, but I originally bought at 18 cents, still held while it dropped to 10 cents at one stage, bought some more (very small parcels only) around 13 cents. So yeah I think I have a right to be excited :)

OMG just hit 20 cents :) :) :)
 
20Mt (targeted resource) at 60% fe

iron ore price (at 65%) = $75 USD per tonne

20,000,000 * $75 = $1.5 billion USD :eek:
 
WOW,

great news for JMS, i was expected some JV going ahead but seems like they have made a good discovery. Looks like there could be good volume for this share when the right news is out. Looking from the market depth there is a lack of sellers, which hopefully will push the sp higher..

Plus i am expecting more good news from the company in JV side of things :D

Hypnotic
 
ctp6360 said:
I'm not even too excited about the price, its the VOLUME that interests me...this stock has been so thinly traded that I was basically paralysed...I couldn't sell without driving price down to nothing, I couldn't buy without driving the price up to ****...at least now with all the volume its a tradable stock and I think it will get very interesting in the next little while.
Click to expand...

So true, almost 7 million shares have traded hands today.. nearly double the previous high back in May.
 
YOUNG_TRADER said:
The stock needs to break and hold above 20c (Original IPO price) before we can say its re-rated itself,

Ideally 20-22c base would be good, then as news flows there will be no-where near as much resistance, otherwise it will keep hitting this 15-20c resistance selling
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Sorry, terminology in the wrong context! I meant re-rated in my head :D

Nice little push at end of day trading to close on 18.5c so hopefully we'll see another push towards 20c tomorrow.

Surely someone will be interested in them now?!
 
Jumped 37% today! All based on some surface samples. No drilling. The words "massive" and "significant" may be a little rich for such an early stage.
Call me mr. cynic or mr. cautious or simply mr. wrong.
 
Firstly I can't believe that after picking JMS 2 months in a row, it finally shows some life 3 days into a new months competition, damn you Alf ;)


On a serious note, stock still needs to clear 20c level, which based on its results it should!

Consider this, the key to JMS's project is
1. High grade, making it suitable for DSO (Direct Shipping Operation) requiring simple crushing on site
2. Proximity to infrastructure, ie simple trucking 20-40kms to Rail line, which leads directly to Port of Esperance, which has ample spare capacity to take JMS Iron Ore,

Given both of these facts, JMS could have a DSO operation up and running within 12-18months,

To put it into perspective another Iron Ore player, AGO has outlined 7.5Mt@ alower 57% Fe with a much higher impurity level 7%Silica (higher impurities mean some form of treatment work is required before DSO), yet due to its very close proximity to infrastructure it enjoys a mkt cap of $100m fully dilluted, vs JMS's sub $20m mkt cap

And Snapper man they haven't just been doing surface samples, they have done a drilling as well, surface samples simple confirm extensions to drilled zones.

Lets see if stock can break well above 20c tomorrow, it should ;)
 
JUPITER Mines says surface sampling may have uncovered a significant new iron ore discovery at its Central Yilgarn iron ore project west of Leonora in Western Australia.



According to the junior, sampling at the Mt Ida prospect picked up "massive blue hematite" grading 66.25% iron with low impurities.

Mt Ida is 11km south of the company's mainstay Mt Mason project, where planned drilling is targeting a 5-6 million tonne high-grade resource grading 64.5% iron.

According to Jupiter director Jeremy Snaith, the company is currently planning a 1Mt per annum development within a possible 18-month timeframe.

He said that while the project was not large, the key was its grade and location 90km from the railway at Menzies. Crushed ore would be trucked to Menzies and then railed to Esperance, with the company already holding discussions with relevant shires as well as rolling stock suppliers in South America and China.

Snaith also said Jupiter was eyeing regional opportunities to add to the project.

Jupiter currently has around $1.5 million cash.

The company's shares were up more than 22% to 16.5c in midday trade, capitalising the company at $10.8 million. The stock briefly passed 20c earlier this year, and was previously below 10c in April.
 
YOUNG_TRADER said:
The stock needs to break and hold above 20c (Original IPO price) before we can say its re-rated itself,

Ideally 20-22c base would be good, then as news flows there will be no-where near as much resistance, otherwise it will keep hitting this 15-20c resistance selling,


Current Mkt Cap is about $15m, I'd say $25m - $30m for spec Iron Ore interests is justified,

If only they'd JV there gold and Nickel Interests :banghead:
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Stocks price still hasn't entered 'new era' as stated 20c-22c base support is required,

But at least people are now aware of this stock somewhat, yesterdays volumes show'd alot of buyers, but also alot of people happy to sell around the 18-20c mark, really need to get through all of that,

But at least future ann's will generate more price support,


I expect the mkt to become more and more aware of whats going on over at JMS, keep the faith :D
 
YOUNG_TRADER said:
But at least people are now aware of this stock somewhat, yesterdays volumes show'd alot of buyers, but also alot of people happy to sell around the 18-20c mark, really need to get through all of that
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Have been really tempted to sell for a small profit, basically because info updates to the market tend to be few and far between. Historically, these quiet periods see sell offs, driving the price down - albeit slowly.

That said, given the increased interest and volume, and the buying strength we're seeing at 18c, it's looking much healthier.

Maybe I'll hold on.

Keep meaning to say thanks to YT for the 'heads up' on this stock ;) particularly in light of my pick for the Monthly comp :eek:
 
This should provide some exposure

From todays Australian:


Jupiter Mines (JMS) 18.5c

Golden West Resources (GWR) $1.48

RECENTLY Criterion raved about Golden West Resources (GWR), which - as the name doesn't imply - is pinning its hopes on iron ore production.

Those with faith in the demand for iron ore staying bullish should also look at Jupiter Mines, which, like GWR, was focused on gold (and nickel) before being lured by ferrous fortunes.

Jupiter's market cap of $10 million is a shade of GWR's $45 million, but the trade-off is its drilling efforts are less advanced and its ambitions more modest.

Jupiter yesterday reported upbeat results from its Central Yilgarn iron project - a mere 90km from the open access railway linking Menzies to Esperance.

Given the kerfuffle surrounding CuDeco's Cloncurry copper caper, the Jupiter lads are trying to keep a lid on it all. Mind you, they might have to try harder given their headlines such as "significant new iron discovery at Central Yilgarn".

Jupiter's deposit isn't yet JORC compliant, but what they appear to have is a 5 million to 10 million tonne deposit of high-grade hematite (65 per cent iron content) and 20mt-plus of lower-grade material.

The idea is to crush the ore on site, truck it to Menzies and rail it to Esperance's (under-used) port.

Jupiter technical director Jeremy Snaith envisages a 1million tonnes per year operation over a mine life of up to 20 years.

"You can easily make $13 a tonne," he says. "but the operation wouldn't be viable if we had to build a rail line."

Snaith says management is yet to work out what capex is required but expects the spending to be modest given the railway and the port are extant.

Jupiter is also talking to potential overseas and local partners, although earlier chats with Sino Steel came to nowt.

Jupiter has $1.5 million of cash in the bank. "We can raise more if we need to," Snaith says.

Criterion rates Jupiter a SPECULATIVE BUY, although the stock had a decent old 5c (37 per cent) run-up yesterday. Also, the envisaged time span of 18 months to production sounds optimistic.

The company could benefit from rationalisation among the junior WA iron ore brigade. Yes, we're talking a potential takeover target, by Jupiter.

GWR shares have soared 169 per cent since we backed the stock at 55c on June 16. Phew, let's have a rest and HOLD.
 
Your welcome guys,


Hey dubious thanks for that article, should generate some more interest which will be the key,

Something to note however is over the past 2 days there has been plenty of selling between 17c-20c, the culprits appear to be the supposed broker who underwrote the Capital Raisings at 8c early in the year and 13c a few weeks back, how much more offloading do they have to do? Who knows but the idiots are keeping a cap on the price, thats for sure,

However given enough time and consolidation JMS will eventually break out strongly above that 20c level, and then the real run will Start,

So once those 'broke back' brokers 'Wilson HTM' finish dumping their stock we will gradually see a move to 20c+
 
YOUNG_TRADER said:
Something to note however is over the past 2 days there has been plenty of selling between 17c-20c, the culprits appear to be the supposed broker who underwrote the Capital Raisings at 8c early in the year and 13c a few weeks back, how much more offloading do they have to do? Who knows but the idiots are keeping a cap on the price, thats for sure
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How do you know it's them and not simply ppl profit taking?
Does seem an unusually high number though.
 
ALFguy said:
How do you know it's them and not simply ppl profit taking?
Does seem an unusually high number though.
Click to expand...

Seats operators and brokers can see who the major selling groups are and buyers for that matter, much like how CommSec displays its top 5 bought and sold stocks (ie by CommSec Users)
 
From my veiwings of recent nudges on this stock is the sections of volume traded and money spent for this share.As I've said all along patience! the jury is out or should I say comtemplating! :sheep:
 
I know today is going to be a little flat but I don't see much movement with JMS this morning. Seems to me that some of the steam has run out and chances are it'll drop even further unless there's an announcemnt soon.

Again...so tempted to sell and use the cash somewhere else for a bit :confused:
 

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