Australian (ASX) Stock Market Forum

JMS - Jupiter Mines

Jump to new
ANNOUNCEMENT
9:48 AM Landsat 7 ETM Conceptual Targets at Shay Gap


LANDSAT 7 ETM Conceptual Targets for Detrital Iron Accumulations at Shay Gap (E45/2908) for Iron Mineralization

• 13 Conceptual targets delineated
• across a cumulative area of approximately 40 km²
• to be examined in the field in early 2008

Jupiter Mines Limited (ASX: JMS) is pleased to announce that the Mineral
Interpretation from LANDSAT 7 ETM+ (Enhanced Thematic Mapper plus) satellite data has delineated Conceptual targets at the Shay Gap Project area E45/2908 (approx 220km²).

Thirteen conceptual targets classified as “Target anomalies for further field
investigations” with potential for “Detrital iron Deposits (DIDs) within present and palaeo drainage systems” label D1-D13 on attached map. These targets have not been ground verified and will be examined in the field in the New Year.


http://www.asx.com.au/asxpdf/20071121/pdf/315yn18cttz4wx.pdf
 
Well it looks like the new board has been busy since their appointment over the last few days,

Work has been done on another Pilbara Iron Project, Shay Gap

They have outline 13 Targets which cover an area of 40km²

So this is more icing on the cake for JMS!

p.s. YT studies women ;)
 

Attachments

  • JMS.JPG
    JMS.JPG
    26.9 KB · Views: 302
moneymajix said:
ANNOUNCEMENT
9:48 AM Landsat 7 ETM Conceptual Targets at Shay Gap
Click to expand...
Good see some progress being made on this too.

Anyone got an overlay where the BHP mines are?

Would nice to see proximity here and the channels...
 

Attachments

  • JMS Sha.jpg
    JMS Sha.jpg
    139.9 KB · Views: 306
just as alot of people expected a new board and a new attitude, expect to hear alot more newsflow out of the JMS bunker over the coming months and in particular on iron ore.
 
kennas said:
Good see some progress being made on this too.

Anyone got an overlay where the BHP mines are?

Would nice to see proximity here and the channels...
Click to expand...


Not exactly an overlay, but this link takes you to Australia's iron ore mines. Click on the Western Australian Links to mines etc., and this will give you a picture of the mine itself etc., then an overall map of its area by clicking on "maps": http://www.overclockers.com.au/wiki/Google_Maps_Australia_Locations
 
The DOIR website (doir.wa.gov.au) has google earth overlay files you can download to add in tenements, exploration, mines etc.

It's pretty easy to use, but be aware it uses a *lot* of system resources - with all of them loaded on my home machine with 4 gig ram it runs *very* slowly.
 
doctorj said:
The DOIR website (doir.wa.gov.au) has google earth overlay files you can download to add in tenements, exploration, mines etc.

It's pretty easy to use, but be aware it uses a *lot* of system resources - with all of them loaded on my home machine with 4 gig ram it runs *very* slowly.
Click to expand...

Thats the problem I was having! No wonder my old computer would crash every time I tried to import those files!
 
doctorj said:
The DOIR website (doir.wa.gov.au) has google earth overlay files you can download to add in tenements, exploration, mines etc.

It's pretty easy to use, but be aware it uses a *lot* of system resources - with all of them loaded on my home machine with 4 gig ram it runs *very* slowly.
Click to expand...

Hey Doc any chance of getting another cool map (like before) showing JMS's projects realtive to BHP mines?


Thanks in advance :D
 
dj_420 said:
Thats the problem I was having! No wonder my old computer would crash every time I tried to import those files!
Click to expand...

dj_420. Welcome back! I've missed that icon. I remember it well back in days of old, when JMS was discussed intently back in March/April. Are you back on board? Or have you never left?

I still hold the same packet of shares from March. I'm considering buying more. In fact I'm considering selling part of a certain U producer's shares that I have, in order to free up some cash for more JMS shares. I only wish that I had done that on both fronts 1 week ago.
 
eMark said:
dj_420. Welcome back! I've missed that icon. I remember it well back in days of old, when JMS was discussed intently back in March/April. Are you back on board? Or have you never left?

I still hold the same packet of shares from March. I'm considering buying more. In fact I'm considering selling part of a certain U producer's shares that I have, in order to free up some cash for more JMS shares. I only wish that I had done that on both fronts 1 week ago.
Click to expand...

Lol, yeah I left and I am now back! Long time no see! Some good targets, good to see dead wood cleared out with B1 and B2.

I feel they are undervalued now on peer comparisons, so lets cross our fingers and see what the pending drill results bring.
 
YOUNG_TRADER said:
As I have already shown JMS could have up to 600Mt's+ of 60%Fe, then again they could have much much less like 50-100Mt's

So keep a sharp look out for results at Brockman
Click to expand...

Hi again Young Trader

Re looking at your maths re the above quote. Obviously 600Mt's+ of 60%Fe would be exceptional, and the weakest scenario might be 50-100Mt's. How would each extreme affect the future of JMS's SP? Has JMS already given an estimate? Or is this what you have worked out? In other words would 50-100Mt's still be good? (and improve the SP on it's own), whereas 600Mt's+ be euphoric?

Thanks mate

e Mark
 
eMark said:
Hi again Young Trader

Re looking at your maths re the above quote. Obviously 600Mt's+ of 60%Fe would be exceptional, and the weakest scenario might be 50-100Mt's. How would each extreme affect the future of JMS's SP? Has JMS already given an estimate? Or is this what you have worked out? In other words would 50-100Mt's still be good? (and improve the SP on it's own), whereas 600Mt's+ be euphoric?

Thanks mate

e Mark
Click to expand...

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
 
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
Click to expand...

JMS also has 6 million cash in the coffers also YT, just something with the fact that they dont need another cap raising soon.
 
dj_420 said:
JMS also has 6 million cash in the coffers also YT, just something with the fact that they dont need another cap raising soon.
Click to expand...

lol, your right DJ very sloppy of me (have just been a bit busy of late)

JMS has 140m shares +20m options,

So 160m all up but will get $4m cash from opies + $6m cash at bank

So I gave project value of $50m + $10m cash = $60m EV

With 160m shares = 37.5c

So JMS should arguably be at 37.5c

that means currently no value is priced in for Brockman or Shay Gap, or Talbot or the Chinese,

Thus on a peer comparison JMS seems cheap at these levels and if Brockman comes in, we will look back and think my god it was 30c???? ;)
 
YT, I'd love to post the relative positions of the new targets (so followme can steal it and post it as his own at HC) but I don't suppose you have the longitude/latitude of them? It'd make my life real easy...
 
Hi All
Anyone read the article in The Australian of Midwest rejectibg MMX proposal? The analyst suggest that the "estimated Murchison's total resource potential at its Jack Hills project at 128 million tonnes, which it said didn't tally with Murchison's target of producing 25 million tonnes a year for 25 years".

Correct me if I'm wrong assuming the analyst is correct MMX MC = $1.5Billion with only 128M tonnes, then what will be JMS MC if they achieved to find the MAXIMUM 630M tonnes of Iron Ore?

Of course that MMX has plenty of cash and has major backing, but if JMS can find 20% of the 630 = 126M tonnes I'm sure major backers will come, not to mention its DSO therefore its major problem is freight.

Been looking at this since it was 17 cents but dodgy mangment has scared me off (one of the few IO stocks that hasn't run), now that they are gone its a good time to have another look. 2 bad days in the market and they manage to stay a float, I'll accumlate on any weaknesses.
 
doctorj said:
so followme can steal it and post it as his own at HC
Click to expand...

lol you too hey Doc?

He stole my research on CUL and RMI, I went over there to challenege him and a bitter war ensued and most of HC turned on me (lesson learned)

anyway 1 word for him = wanker!


doctorj said:
I don't suppose you have the longitude/latitude of them? It'd make my life real easy...
Click to expand...

Umm according to Kenna's pic it looks like its

810000mE-830000mE (along the top)
by
7740000mN-7710000mN (along the side)

Does that help? :eek:
 

Similar threads

Damuzzdu
Iron Ore Plays - Discussion
2 3 4
Replies
68
Views
26K
Telamelo
T
Top