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JMS - Jupiter Mines

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Yep. There was not much reaction to the iron ore announcment on Thursday.

Quality of the ore seems good.

The best assay result was in hole no. MMRC110 from a shallow depth of 14m from surface to 19m with an average of 64% Fe over 5 m, see Table 1
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noirua said:
Annual Report ( 78 pages): http://www.asx.com.au/asxpdf/20071004/pdf/314yl9dd6v5n1f.pdf

Trading at 24.5 cents, up from 17 cents in June, JMS should, imho, have moved on a lot further.
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Where do you place JMS then Noirua?

According to Garpal Gumnut, he was saying if it didn't hold at 20c then 12c was not out of the question, but that was a week or so ago now. It appears to be holding at/bouncing off 22c recently.
 
Personally, I can't see it going anywhere near 12c especially not after the recent iron-ore annoucement. The reaction to that was muted to say the least, however, I think that is just a cautiousness that will pervade JMS until the B1, B2 stigma wears off.

Speaking of the bananas they did convert options recently I believe and will probably sell these on market so it might take a little time to flush them out. A couple more announcements like last weeks however and the whole debacle will be a distant memory.

JMS have the tenements and they have had some pretty decent results we just need a bit of patience for it to return to its former highs.
 
26c

Ann.

Mt Mason Inferred Resource Estimate increased to 2.2 Million Tonnes of High Grade Hematite Avg. 60.6% Fe - Central Yilgarn Iron Project (CYIP)

Jupiter Mines is pleased to announce that the recently drilled High Grade Hematite intercepted at Mt Mason Prospect has added approximately 0.4 Million tons (approximately 22% to initial resource) to the inferred resource previously announced (see Inferred Resource Statement below).

The Mt Mason mineralisation is still open to the north east and south. Further drill hole programs will be planned to test along strike extensions to the north east and the south. The southern side Mt Mason mineralisation trends back towards Jupiter Mines 100% owned Mt Ida (E29/560) tenement which is 167 square kilometres in area covering multiple BIFs horizons.

The company is encouraged by the continued low Phosphorous results and the high quality of the mineralistion zone.
 
Once again the share price moves up 3c as a result of the announcemnet, and then long term sellers come in pushing it back to where it started from. Which is fine, we have all go to sell eventually. But it is frustrating when the announcements appear to be strong.

How does this stock compare to IRM? One announcemesnt yesterday, and boom, although it has come back today, it's still far above JMS.

 
Hey Emark,

I thought I'd reply to your query on JMS thread,

Yes I was a big fan of JMS back in early 06, but I sold out when the share price ran to 30c-40c (and posted about my exit too)

I was looking to get back in but never did as the inflight activities of the 2 notorious directors worried me, also the company has been moving so slowly with Mt Mason its just frustrating,

Out of YML and JMS, JMS hit the exploration ground running first, yet they have stalled,

Mt Mason needs at least 10Mt's to be a stand alone operation,

That being said, JMS isn't expensive at all on a peer comparison and does offer alot of upside,

Me, I'm on the sidelines..... for now ......

Good luck
 
GNL goes crazy today,

IRM went really crazy the other day.

JMS is next door...

Has to be a matter of time, surely.

 
I am new to this forum, and to this stock(hello all!). Bought in at 26c a couple of weeks ago.Watched the price drop down to the low 20s and have wondered if recent announcements have made the right impact or not.Anyone able to enlighten me?
 
I think resistance is at 30c.

I have been a believer in this stock for some time.

Talbot Group bought into this in the 30s some time ago and, as far as I know, are still holding.
They have had a lot of success with SDL.
 
Announcements regarding uranium exploration approvals, made no impact on share prices except to lower them. Cant decide whether to keep and go to sleep or sell and go to hell.
 
Re:cig

I do not normally post info does anybody know more on this it would be helpful Does anybody recommend investment?
 
Is JMS seriously undervalued compared to other junior iron ore players?
They have pretty much all had a huge rally in recent times and JMS has been standing still (or gone downhill). Surely JMS is ahead of some of the iron ore players that rocketed on pure speculation recently.
 

You'd think so wouldn't you.... Been patiently waiting for the last 6months for this stock to move....
 
Jupiter Mines are standing still, but so did the larger MGX for sometime, look at the price now and the chart.
We have to do our own research in what is a high risk stock and only invest what we consider gamble cash. Then there are no worries and concerns.
 
I have been looking for an iron ore miner which has not gone through the roof just recently. JMS seemed to fit the bill. The other advantage of this stock is its exposure to gold, nickel, and now uranium. The problem seems to be that its current iron potential is only 2 million tonnes. However, it is projecting a possible 20 million tonnes on its Mount Ida licence. It has 300,000 ounces of gold resources at Klondyke. It has cash assets of $6 million and no debt, and market capital of $31 million.
Is this a frog that is going to change into a prince or a frog that is going to remain a frog?
 
yes at present only have 2 milloion tonnes but ...from their website :

Recent Exploration
In May 2006, Jupiter conducted a very successful initial 9 hole, 543m drilling program originally designed to confirm previous surface rock-chip samples and as a result Jupiter has confirmed a first stage initial JORC compliant resource of 1.8Mt @ 60.3% iron. The drilling only tested 170m of the 700m of outcropping blue haematite and subsequently the deposit remains open in all directions. Additionally, there is an extensive Kanga developed over the down dip extension of the deposit.

Results from the first drilling program include: 29m @ 63.3 % Fe (MMRC107), 17m @ 60% Fe MMRC105), 18m @ 61.44% Fe (MMRC108), 7m @ 63.84% Fe (MMRC109), 8m @ 63.52% Fe (MMRC 106), 6m @ 60% Fe (MMRC101) and 4m @ 61.48% Fe (MMRC 103). (Assays also confirm low Phosphorous, Aluminium, Silica and Loss on Ignition (LOI) levels which are totally acceptable to current steel manufacturers.


As announced to the ASX in September ’06, Jupiter has discovered via mapping (500m east of Mt Mason) a 13km long haematite iron zone trending all the way to Jupiter’s Mt Ida iron prospect in the south. Drilling is planned once the Mt Ida licence is granted, although a portion is situated within the Mt Mason licence. This eastern zone has the potential to add 20 million tonnes to the iron ore resource.


The resource estimate was based on the mapping of Walsh (2005) which gave an aerial extent of the mineralisation and the RC drilling information. A three dimensional model of the plus 55% Fe based on a set of cross section interpretations linking the surface haematite expression was made. The 55% Fe mineralisation shape was then used in a block model which had a cell size of 10m north south, 5 metres east west and 2 metres vertically. The ore shape was used to constrain an estimate of the grades using an inverse distance to the power of 2 methods, spherical, planar search out to 60m radius. An average density of 3.5tonnes per cubic metre has been used to estimate tonnage.

The Mt Mason Inferred Resource is estimated at 1.8 million tonnes 60.3 % Fe, 2.7% Al2O3, 8.5% SiO2 0.051% P and 2.5% LOI

The resource is still open down dip and along strike to the north and south.

The information in this report that relates to Mineral Resources is based on information compiled by Mr David Milton, who is a Member of the Australian Institute of Mining and Metallurgy and a full time consultant. Mr David Milton has sufficient experience in the type of deposits under consideration and to the activities undertaken to qualify as a Competent Person as defined in the December 2004 Edition of the Australasian Code for reporting Exploration Results, Mineral Resources and Ore Reserves and consents to the inclusion in the report of the matters based on his information in the form and the context in which it appears.



plenty more to come!
 
i too have been searching for IO that have not gone through the roof. can i suggest the following...all of which i hold

PSP- Prosperity about 10-11c chasing 50 60 million of DSO
TRH - transit Holdings 45c approx 200 mill DSO chasing
RMI - shelved their IO and chasing Nickel 6c
CBH -Constance range 200 mill of DSO - producing miner way under value at 50c
ADY- 50c producing IO miner in Sth America

anything else i hold is above 50c but one i am considering is MDX at 16-18 c

may have looked at these already..hope it helps
 
There appears to be a renewed interest in this one in the last couple of sessions. Is it purely due to the investor presentation
 
coladuna said:
There appears to be a renewed interest in this one in the last couple of sessions. Is it purely due to the investor presentation
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I would say it is probably all due to the companies presentation. It will need sustained interest to push it over 30c again, something special...

This stock has moved from 20c to 28c, and back again so many times it's not funny. Also 28c has turned into a STRONG resistance. It needs to be broken.
 
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