JMS - Jupiter Mines
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Board changes yesterday at the AGM.
The Chairman, Alan Broome, resigned.
New director, W.Wang. Chinese connections!
http://www.asx.com.au/asxpdf/20071114/pdf/315tnlptcpk0ss.pdf
This may have improved market sentiment.
This company holds a number of tenements which look like they have potential.
SP - 31c, up over 10%. Been a while since it has been this high!
The Chairman, Alan Broome, resigned.
New director, W.Wang. Chinese connections!
http://www.asx.com.au/asxpdf/20071114/pdf/315tnlptcpk0ss.pdf
This may have improved market sentiment.
This company holds a number of tenements which look like they have potential.
SP - 31c, up over 10%. Been a while since it has been this high!
Agree 100% It was certainly nice to see it break 28c, let alone 30c today. Settled at 0.295, (slightly annoying), I would have prefered to see it close in the 30's, but at least it closed above the troublesome 28c level.
Where to now? Onwards and upwards? Or back to 22c? Investors tend to forget about this stock just as quickly as it spikes interest (volume of 4,000,000 today)
Technical analysis?
Young Trader?
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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
I hope your not just looking at the SP to judge if a company is undervalued or not.. look at the number of shares issued in the appendix 3B and work out its market cap... then repeat the above post.. and save me some effort
doctorj
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JMS looks interesting of late - upside breakout from ascending triangle at 28cps on Thursday with 28 subsequently holding on Friday.
They have a lot of irons in the fire, but their tenement in the Brockman area in the Pilbara is quite interesting. Below is a satellite picture of the tenement (I've drawn in their tenement - no promises of accuracy). You can see the enscarpment where the iron ore samples were taken - up to 60% hermatite. Also drawn in are the approximate locations of the current Brockman Rio mines (producing 8mtpa Fe) and the proposed Brockman 4 mine.
Rail, power etc runs directly to RIO's Brockman mine just to the North. My biggest concerns are the relatively small size of the Tenement and that all the identified outcropping is on the enscarpment which is only just in the tenement. Drilling is about to start to identify the extent of the mineralisation, but given there are mines in every direction, it's fairly likely they'll have some decent and shallow mineralisation. At a guess, I don't think they could develop a mine of their own here (primarily due to the size/shape of the tenement and where the current mineralisation has been identified), but I think they're drilling with a focus of making it attractive to holders of adjacent tenements (RIO, FMG).
Even less accurate is this last picture which shows JMS/RIO's Brockman tenements in relation to FMG's 1 billion tonne @ 56% Fe Serenity prospect.
They have a lot of irons in the fire, but their tenement in the Brockman area in the Pilbara is quite interesting. Below is a satellite picture of the tenement (I've drawn in their tenement - no promises of accuracy). You can see the enscarpment where the iron ore samples were taken - up to 60% hermatite. Also drawn in are the approximate locations of the current Brockman Rio mines (producing 8mtpa Fe) and the proposed Brockman 4 mine.
Rail, power etc runs directly to RIO's Brockman mine just to the North. My biggest concerns are the relatively small size of the Tenement and that all the identified outcropping is on the enscarpment which is only just in the tenement. Drilling is about to start to identify the extent of the mineralisation, but given there are mines in every direction, it's fairly likely they'll have some decent and shallow mineralisation. At a guess, I don't think they could develop a mine of their own here (primarily due to the size/shape of the tenement and where the current mineralisation has been identified), but I think they're drilling with a focus of making it attractive to holders of adjacent tenements (RIO, FMG).
Even less accurate is this last picture which shows JMS/RIO's Brockman tenements in relation to FMG's 1 billion tonne @ 56% Fe Serenity prospect.
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lol well Doc beat me to it,
I've been buying JMS the last few days, hold a reasonable amount at avg 29c
I jumped back into JMS for the following reason
1. The Brockman project which got all the excitement going back in December 2006 is being drilled, this is the project that got Talbot on board,
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 as Doc has pointed out and Mick found out FMG has recently announced a 1Billion Tonne deposit near JMS's Brockman, I rang the company on Friday and it was confirmed that JMS's Brockman was less than 20km's away, so this gives me confidence (based on nearology) that a 600Mt target is possible
I've been buying JMS the last few days, hold a reasonable amount at avg 29c
I jumped back into JMS for the following reason
1. The Brockman project which got all the excitement going back in December 2006 is being drilled, this is the project that got Talbot on board,
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 as Doc has pointed out and Mick found out FMG has recently announced a 1Billion Tonne deposit near JMS's Brockman, I rang the company on Friday and it was confirmed that JMS's Brockman was less than 20km's away, so this gives me confidence (based on nearology) that a 600Mt target is possible
tech/a
No Ordinary Duck
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Doc.
Further to our private mail discussion.
Hope you dont mind a few comments here.
In the short term
2 Days ago clear supply.
As shown in the Chart.
Yesterday that supply hasnt yet been exhausted.
As can be seen by the close being will down and volume
well above average.
Until Supply is absorbed/departs or is overcome by demand this is likely to suffer the same fate as it has the last 4 times it has reached this price area.
Monday will reveal more.
Further to our private mail discussion.
Hope you dont mind a few comments here.
In the short term
2 Days ago clear supply.
As shown in the Chart.
Yesterday that supply hasnt yet been exhausted.
As can be seen by the close being will down and volume
well above average.
Until Supply is absorbed/departs or is overcome by demand this is likely to suffer the same fate as it has the last 4 times it has reached this price area.
Monday will reveal more.
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Hey Tech,
I certainly hope there's more supply at these levels as I'll be more than happy to buy more, also it will give all of ASF the chance to get in without having to pay up, so bring on the supply I say
I certainly hope there's more supply at these levels as I'll be more than happy to buy more, also it will give all of ASF the chance to get in without having to pay up, so bring on the supply I say
tech/a
No Ordinary Duck
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Well its all about timing.
Back in december it was around 35c
Its spent most of the year around 20-24c.
I think it will re visit.
Buying at 20-22c is the lowest risk currently on this chart.
Personally I like trades I want to come to me on a short term basis.
Those longterm wont be fussy and wont work of the R/R I do.
For me short term 22c to 32c is a trade and a good one.
For long termers if it rises to $1 or more they wont be as fussed.
They should be though.
If I have $5000 at 22C thats 18000 shares
At 30c thats 16500. If sold at $1 $1500 diff.
On the plus side rapid up moves like those a year ago tend to take ages to correct.This has been going quite a while now.
But I still cant see any serious interest---other than you Y/T--oh and Doc!!
But each day tells more and more from the chart.
You'll have your day.
Back in december it was around 35c
Its spent most of the year around 20-24c.
I think it will re visit.
Buying at 20-22c is the lowest risk currently on this chart.
Personally I like trades I want to come to me on a short term basis.
Those longterm wont be fussy and wont work of the R/R I do.
For me short term 22c to 32c is a trade and a good one.
For long termers if it rises to $1 or more they wont be as fussed.
They should be though.
If I have $5000 at 22C thats 18000 shares
At 30c thats 16500. If sold at $1 $1500 diff.
On the plus side rapid up moves like those a year ago tend to take ages to correct.This has been going quite a while now.
But I still cant see any serious interest---other than you Y/T--oh and Doc!!
But each day tells more and more from the chart.
You'll have your day.
JMS possibly the most underated iron ore stock going forward.
When YT first bought JMS to my attention a couple of days ago, I was very keen on the Brockman Iron Ore Tennements due to the fact they were so close too the currently operating RIO Brockman Iron Ore Mines and on top of that they have had some very high grade surface samples which indicate that the iron ore mineralisation is continuing right through into JMS's land holdings.
What really changed the game for JMS is what was announced at the AGM.
1. The previous management was turfed out for lack of performance (don't be fooled here people if it wasn't for the previous management JMS would be a much highly valued company, now they are out of the way watch for a serious re-rating of the stock.
2. They announced that the drilling of the Brockman iron ore tennement had begun with results due before christmas (as YT has pointed out they have the potential to be sitting on up to 630 mt of high grade hematite iron ore)
3. They stated they were in advanced discussions for a major JV covering one of their major project which is close to completion (as they are smack bang in iron ore elephant country it leaves RIO,FMG and the Chinese as likely suiters.)
4. Also they stated their search for a new CEO yielded a top notch candidate who has vast iron ore/nickel experience, this could yield a reaction similar to the appointment of new management at YML.
5. They appointed a new director who is a Chinese national with vast contacts back in his homeland. (this is a massive bonus in assisting with getting the chinese money machine onboard.)
Now a closer look at possibly the best short term iron ore play
Reasons why to invest in JMS going forward
1. With the drilling underway at the Brockman Iron Ore project expect some serious shareprice action as we head towards the results remember as YT pointed out there is a maximum potential of 630 mt of high grade iron ore, just look what is happening with IRM,BMY and their tennements are no where near as good as Brockman
2. With the old management now gone expect a re-rating as they were largely responsible for the shareprice underperformance (they have always had very good landholdings it was just management inaction that cost the shareprice dearly)
3. Don't forget Brockman Iron Ore is sandwiched between RIO's operating mines and less than 20km from FMG latest 1 billion tonne discovery (I nearly fell off my chair at 2:30 Friday morning when I discovered that) don't discount the nearology effect on JMS's shares.
4. The prospect of a high profile experienced CEO to take the helm shortly
5. The lure of an upcoming major JV with either RIO,FMG,Chinese
6. The fact they are one of the few smaller iron ore prospects that acually have a JORC resource (Mt Mason)
7. The quality landholdings that JMS has amassed will lead to some very interesting targets going forward with several targets already recording 60% plus FE hits. With exploration targets such as Brockman, Mt Mason, Mt Ida, Shay Gap.
8. Rumours that the Talbot group is assuming control of the company (remember Talbot is the current largest shareholder, he certainly knows how to make money in the iron ore space and doesn't back a loser)
Summary
Massive upside in the Brockman Iron Ore Tennement (targeting 630 mt of High Grade Iron Ore)
The market does not know the full potential of Brockman and infact they are currently drilling with results due before Christmas.
Old management gone, expect substantial re-rating due to new management getting the company out there moving forward.
Possible major JV, Talbot Group Control
Nearology smack bang in the middle of elephant iron ore country with confirmed high grade samples.
When YT first bought JMS to my attention a couple of days ago, I was very keen on the Brockman Iron Ore Tennements due to the fact they were so close too the currently operating RIO Brockman Iron Ore Mines and on top of that they have had some very high grade surface samples which indicate that the iron ore mineralisation is continuing right through into JMS's land holdings.
What really changed the game for JMS is what was announced at the AGM.
1. The previous management was turfed out for lack of performance (don't be fooled here people if it wasn't for the previous management JMS would be a much highly valued company, now they are out of the way watch for a serious re-rating of the stock.
2. They announced that the drilling of the Brockman iron ore tennement had begun with results due before christmas (as YT has pointed out they have the potential to be sitting on up to 630 mt of high grade hematite iron ore)
3. They stated they were in advanced discussions for a major JV covering one of their major project which is close to completion (as they are smack bang in iron ore elephant country it leaves RIO,FMG and the Chinese as likely suiters.)
4. Also they stated their search for a new CEO yielded a top notch candidate who has vast iron ore/nickel experience, this could yield a reaction similar to the appointment of new management at YML.
5. They appointed a new director who is a Chinese national with vast contacts back in his homeland. (this is a massive bonus in assisting with getting the chinese money machine onboard.)
Now a closer look at possibly the best short term iron ore play
Reasons why to invest in JMS going forward
1. With the drilling underway at the Brockman Iron Ore project expect some serious shareprice action as we head towards the results remember as YT pointed out there is a maximum potential of 630 mt of high grade iron ore, just look what is happening with IRM,BMY and their tennements are no where near as good as Brockman
2. With the old management now gone expect a re-rating as they were largely responsible for the shareprice underperformance (they have always had very good landholdings it was just management inaction that cost the shareprice dearly)
3. Don't forget Brockman Iron Ore is sandwiched between RIO's operating mines and less than 20km from FMG latest 1 billion tonne discovery (I nearly fell off my chair at 2:30 Friday morning when I discovered that) don't discount the nearology effect on JMS's shares.
4. The prospect of a high profile experienced CEO to take the helm shortly
5. The lure of an upcoming major JV with either RIO,FMG,Chinese
6. The fact they are one of the few smaller iron ore prospects that acually have a JORC resource (Mt Mason)
7. The quality landholdings that JMS has amassed will lead to some very interesting targets going forward with several targets already recording 60% plus FE hits. With exploration targets such as Brockman, Mt Mason, Mt Ida, Shay Gap.
8. Rumours that the Talbot group is assuming control of the company (remember Talbot is the current largest shareholder, he certainly knows how to make money in the iron ore space and doesn't back a loser)
Summary
Massive upside in the Brockman Iron Ore Tennement (targeting 630 mt of High Grade Iron Ore)
The market does not know the full potential of Brockman and infact they are currently drilling with results due before Christmas.
Old management gone, expect substantial re-rating due to new management getting the company out there moving forward.
Possible major JV, Talbot Group Control
Nearology smack bang in the middle of elephant iron ore country with confirmed high grade samples.
for those interested below are the links to confirm the information about the Brockman deposit, all Young Trader has done is applied the mathmatics and holy crap it gives you a max target of 630 mt of high quality premium iron ore.
yes at this stage it is only a target(but they have confirmed the continuation of the RIO strike through sampling). But given the location of the tennement its a no brainer really its just a matter of time before they start churning out the drilling results to confirm what every JMS holder is hoping for and that is a massive high grade iron ore deposit.
Should be a very very merry Christmas for JMS shareholders
http://www.jupitermines.com/newsreports_files/JMS asx Dec 40th 06 Brockman.pdf
http://www.jupitermines.com/newsrep...eved from Jupiter's Brockman Iron Project.pdf
yes at this stage it is only a target(but they have confirmed the continuation of the RIO strike through sampling). But given the location of the tennement its a no brainer really its just a matter of time before they start churning out the drilling results to confirm what every JMS holder is hoping for and that is a massive high grade iron ore deposit.
Should be a very very merry Christmas for JMS shareholders
http://www.jupitermines.com/newsreports_files/JMS asx Dec 40th 06 Brockman.pdf
http://www.jupitermines.com/newsrep...eved from Jupiter's Brockman Iron Project.pdf
Good evening All,
JMS has well located properties prospective for iron ore (the hottest commodity at present) and impressive management to boot. From memory they still have around $6 million cash. Many traders will be eagerly awaiting the release of its iron ore exploration results.
This stock is definitely on my watch list. I've been cashed up for a while and am looking for the next opportunity. It seems that over the past couple of years many iron ore explorers have gone through the roof. There doesn't seem to be too many "ground floor" opportunities left. JMS also has interesting areas prospective for nickel, gold and uranium.
DYOR
JMS has well located properties prospective for iron ore (the hottest commodity at present) and impressive management to boot. From memory they still have around $6 million cash. Many traders will be eagerly awaiting the release of its iron ore exploration results.
This stock is definitely on my watch list. I've been cashed up for a while and am looking for the next opportunity. It seems that over the past couple of years many iron ore explorers have gone through the roof. There doesn't seem to be too many "ground floor" opportunities left. JMS also has interesting areas prospective for nickel, gold and uranium.
DYOR
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I think Talbot Group is still holding (11%).
Purchasing in the 30s, if my memory serves me.
I think they will be keen to see things moving.
The choice of the Chinese Director is rather intriguing.
They are short one or two directors. Interesting to see what happens on that front.
More interest since news of changes at the AGM so the changes have been well received.
Brockman looks good as do the u tenements. I am personally not keen any on uranium stocks but for those that are, the tenements are in the NT.
All the best to holders. Especially to the long-termers (moi included)!
Purchasing in the 30s, if my memory serves me.
I think they will be keen to see things moving.
The choice of the Chinese Director is rather intriguing.
They are short one or two directors. Interesting to see what happens on that front.
More interest since news of changes at the AGM so the changes have been well received.
Brockman looks good as do the u tenements. I am personally not keen any on uranium stocks but for those that are, the tenements are in the NT.
All the best to holders. Especially to the long-termers (moi included)!
I think Talbot Group is still holding (11%).
Purchasing in the 30s, if my memory serves me.
I think they will be keen to see things moving.
The choice of the Chinese Director is rather intriguing.
They are short one or two directors. Interesting to see what happens on that front.
More interest since news of changes at the AGM so the changes have been well received.
Brockman looks good as do the u tenements. I am personally not keen any on uranium stocks but for those that are, the tenements are in the NT.
All the best to holders. Especially to the long-termers (moi included)!
Hi moneymajix,
Who knows, if everything goes to plan they may even float off their non-iron ore projects. That way it would be re-rated as a pure iron ore play. No rush though considering it has around $6 million cash.
DYOR
just looking at the AGM presentation you certainly get the feeling they know they are onto something at Brockman and hence it looks like most of their time will be put into the iron ore side of things.
your certainly right greggy not many ground floor iron ore companies left that haven't run, and certainly not many with the quality of land holdings of JMS.
after jumping in and out of YML,UMC,TLM as they rose from 20c to $1 plus, i'm not going to risk missing the boat with JMS.
your certainly right greggy not many ground floor iron ore companies left that haven't run, and certainly not many with the quality of land holdings of JMS.
after jumping in and out of YML,UMC,TLM as they rose from 20c to $1 plus, i'm not going to risk missing the boat with JMS.
Hi Mick2006,
I've traded a few iron ore explorers over the past year including YML (sold out too early there) and IRM. IMO there doesn't seem too many opportunities left that haven't run hard. Hence, JMS is definitely on my watch list.
DYOR
Good luck to all holders. I haven't bought as yet, but will reassess the situation early next week. The Brockman area is certainly the hot spot for iron ore at present.
DYOR
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I think with the debacle of the 2 unmentionable ex-employees still in the minds of the investment community, management will now be very keen to promote a good image.
What better way than to please shareholders with bonanza results and thereby gaining a decent writeup in the press.
Good work Mick and YT. JMS certainly look the goods. Next year, holders can also look forward to drilling at Shay Gap, which close to the coast and is on the BHP railway line.
What better way than to please shareholders with bonanza results and thereby gaining a decent writeup in the press.
Good work Mick and YT. JMS certainly look the goods. Next year, holders can also look forward to drilling at Shay Gap, which close to the coast and is on the BHP railway line.
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I think regardless of anything else, if JMS finds 50m-100m hits of 60%Fe this stock will get heavy buying and as with TLM which ran from 20c to $1.20 pre any results, insiders will know,
I remember asking my broker, how do insiders know with these Iron ore plays whether the results are good etc and he said that when they pull the drill cores out of the ground the Iron Mineralisation is visible and so you don't really need to wait for the assays to know that a drill core contains alot of Iron,
So I guess like YML, HLX and TLM and countless other Fe plays I expect JMS to run up on insiders buying if the drill results are positive well before the pre Christmas assays,
Additionally and most impostantly, FMG has just announced a 1 Billion Tonne deposit near by, this is huge news, it would be like another Mt Isa, Prominent Hill or mini Olympic Dam being discovered next door to an IOCG play,
Apparantly the area around where FMG announced its new deposit is the new 'hot spot' for Fe, expect lots of juniours to try and peg gound etc,
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
Below I have attached an image with snippets of JMS asx Ann's from back in Dec 06 to back up my target estimates/calcs
I remember asking my broker, how do insiders know with these Iron ore plays whether the results are good etc and he said that when they pull the drill cores out of the ground the Iron Mineralisation is visible and so you don't really need to wait for the assays to know that a drill core contains alot of Iron,
So I guess like YML, HLX and TLM and countless other Fe plays I expect JMS to run up on insiders buying if the drill results are positive well before the pre Christmas assays,
Additionally and most impostantly, FMG has just announced a 1 Billion Tonne deposit near by, this is huge news, it would be like another Mt Isa, Prominent Hill or mini Olympic Dam being discovered next door to an IOCG play,
Apparantly the area around where FMG announced its new deposit is the new 'hot spot' for Fe, expect lots of juniours to try and peg gound etc,
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
Below I have attached an image with snippets of JMS asx Ann's from back in Dec 06 to back up my target estimates/calcs
