JMS - Jupiter Mines

[doctorj]

The mining leases are primarily in the blue bits to the north and east on that map in the announcement. Relative to other tenements in the error its quite large. E45/2908 appears to be immediately adjacent to the mining leases.

The tenement seems to have good access to existing roads that run to the Shay Gap mine. The tenement itself takes the land between a river and what appears to be a raised area (picture a flood plain meeting an escarpment). That raised area is where all the mining leases are.

The terrain of the area in the north/west of the tenement where the satellite has identified targets looks more interesting than the south/east parts. That said, there appears to be a fairly significant tributary running right down the middle into the De Grey River. Probably not likely to be doing much drilling there in cyclone season.

 

[kransky]

yeah i have been reading Followme on HC.. he just doesnt stop..

I like JMS and am happy to be in.. even though it was at 33c LOL

I just hope it stays down for a little while longer while i free up some more funds for the ride ahead!

 

[YOUNG_TRADER]

Hey thanks Doc,

Also thought it was time for a chart,

So far JMS has traded 17m shares above 28c and thus imo has cleary broken out and just as 28c acted as very strong resistance in the past, it should now act as very strong support

 

[Sean K]

Hey thanks Doc,

Also thought it was time for a chart,

So far JMS has traded 17m shares above 28c and thus imo has cleary broken out and just as 28c acted as very strong resistance in the past, it should now act as very strong support

YT turning into a fullblooded techy with charts and circles and all! Run for the hills!

Is looking like 28 -30 is confirmed for now. I think a lot of the churning around 30 might be the punters who have been in it for a while and/or bought in on the false breaks the past few months and are getting their money back.

 

[noirua]

Seeing the present rise and not really being all that confident at the present price, I have sold my holding in Jupiter Mines. It's never wrong to take a profit, they say, and I may live to regret this. The gamble continues and it might come off, hoping it does for you, good luck.

 

[tech/a]

It's never wrong to take a profit, they say,

I think its more "You can never make a loss taking a profit."

Actually you can.
10 Trades 8 make 7% each.
2 make 30% loss each.
Nett loss.

JMS
Technically a little early.
Its trading as expected and you'll note from YT's chart that volume bubbles are followed by less than impressive price rises.

 

[eMark]

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.

Another test today for JMS. The DOW (not the be all and end all I know) finished at 12,799.04 down 211.10 (1.62%) breaching it's August lows and then some. Interesting don't you think. But it would appear that JMS has already proven itself in the last week anyway.

If JMS can hold on to the 30c range today I will be suitably impressed Not to mention the fact that I bought more at 0.305 yesterday; using funds from selling a certain U producer that gave me a loss (but that's not important right now).

-------------------------------------------------------------

Thanks Young Trader for your recent response to my question on the forum the other day.

 

[YOUNG_TRADER]

Another test today for JMS. The DOW (not the be all and end all I know) finished at 12,799.04 down 211.10 (1.62%) breaching it's August lows and then some. Interesting don't you think. But it would appear that JMS has already proven itself in the last week anyway.

If JMS can hold on to the 30c range today I will be suitably impressed Not to mention the fact that I bought more at 0.305 yesterday; using funds from selling a certain U producer that gave me a loss (but that's not important right now).

-------------------------------------------------------------

Thanks Young Trader for your recent response to my question on the forum the other day.

Hey eMark,

I look at it like this, buying at 29c-30c gives downsife imo of 28c, it took so long to break above and we've traded 18m shares now above 28c its not just going to fall below it without a fight,

Upside could be anything if Brockman comes in, lets say 60c for now

So your down side is 1-2c = 5% whereas your upside = 100%

Pretty simple equation for me

 

[YOUNG_TRADER]

YT turning into a fullblooded techy with charts and circles and all! Run for the hills!

lol I don't mind doing a chart or 2 now that I know I can just use Pro Trader to create em,

But I'm still a fundie at heart!

Techies can't price the possible upside of Brockman based on charts, or can they? :

 

[YOUNG_TRADER]

Guys look at FDL, they have announced at 360Mt target and their SP is up 500% and their Mkt Cap has gone from $10m to $55m+

All that for a 360Mt target 56% Fe ie NOT DSO


Just imagine if Brockman comes in for JMS, were talking a possible 620Mt target @60%Fe+ ie DSO!!!!!

JMS mkt cap is so undervalued its just not funny!

And FDL shows that a rerating of 500% is possible on a given day when the mkt wakes up to the potential size of an Iron Ore target

 

[rico01]

Guys look at FDL, they have announced at 360Mt target and their SP is up 500% and their Mkt Cap has gone from $10m to $55m+

All that for a 360Mt target 56% Fe ie NOT DSO


Just imagine if Brockman comes in for JMS, were talking a possible 620Mt target @60%Fe+ ie DSO!!!!!

JMS mkt cap is so undervalued its just not funny!

And FDL shows that a rerating of 500% is possible on a given day when the mkt wakes up to the potential size of an Iron Ore target

YT Do you have any idea if the brockman deposit is close/ near to the fmg/fdl sites, That would be something to sing about I think

 

[prawn_86]

Read back through the thread Rico.

It is near FMGs latest 1bt discovery.

It is just as easy for you to do research as it is for YT or anyone else for that matter :

 

[rico01]

Great idea prawn but its 55 pages long and still growing , not allways an easy task if you can,t stare at a screen for too long:

 

[eMark]

Great idea prawn but its 55 pages long and still growing , not allways an easy task if you can,t stare at a screen for too long:

Rico

The last 4-5 pages of this thread covers most of what you would be interested in Rico.

eMark

 

[kpas]

Guys look at FDL, they have announced at 360Mt target and their SP is up 500% and their Mkt Cap has gone from $10m to $55m+

All that for a 360Mt target 56% Fe ie NOT DSO


Just imagine if Brockman comes in for JMS, were talking a possible 620Mt target @60%Fe+ ie DSO!!!!!

JMS mkt cap is so undervalued its just not funny!

And FDL shows that a rerating of 500% is possible on a given day when the mkt wakes up to the potential size of an Iron Ore target

Up to 7c now (710% for the day so far).

Nuts really. That has to be a record in terms of a single days gain.

 

[rico01]

Rico

The last 4-5 pages of this thread covers most of what you would be interested in Rico.

eMark

Thanks Emark
I did go back and found quite a lot of information that i had missed as I was not really following this stock untill recently
Mick2000 did provide a great link on his post showing sattelite images of the site compared to rio and FMG,so I Am of the opinion that they really should find Some DSO and if we get that magic figure of 600 million tons that people are quoting, the share price should improve.
Also from a charting view it looks to have broken that 3c resistance so all we need now is alittle good news and we,ll head north I hope

 

[kpas]

Hey guys guess what?

You know that 350Mt target FDL has? Well its just north of JMS's Brockman,

Take a look at maps

JMS's 630Mt@60%Fe Brockman Target South West of FMG's 1Billion Tonne find

FDL's 350Mt@56%Fe Target North West of FMG's 1 Billion Tonne find

FDL mkt cap $80m and its a diamond company

JMS's mkt cap $45m and its a multi play Iron Ore company with a DSO JORC!

So to summarise everything in the thread and considering that JMS's current market cap does not include anything at Brockman:

a) a YML like find would double - triple JMS's cap.
b) a FDL like find would = 6x
c) the full potential (600mt + @ 60%) = 12x

Given FDL and IRM and all the other iron ore stocks going mad at the moment, I really hope JMS finds something.

Even if it doesn't, it's got cash in the bank & it's got other projects which are going to do something.

It seems to me that JMS is a no brainer at 30c.

 

[YOUNG_TRADER]

Hey guys guess what?

You know that 350Mt target FDL has? Well its just north of JMS's Brockman,

Take a look at maps

JMS's 630Mt@60%Fe Brockman Target South West of FMG's 1Billion Tonne find

FDL's 350Mt@56%Fe Target North West of FMG's 1 Billion Tonne find

FDL mkt cap $80m and its a diamond company

JMS's mkt cap $45m and its a multi play Iron Ore company with a DSO JORC![/QUOTE]

 

[YOUNG_TRADER]

Its funny

A few days back FMG announce a 1 billion tonne deposit very close to JMS, FMG went up 25% = Amazing for a large Cap as it was a $3billion rise in FMG

Today FDL announce a 350Mt target again very close the SP goes up 800%

Now JMS has a 630Mt target
-adjacent to RIO's Brockman mine
-close to FMG's recent 1 billion tonne deposit
- and now also close to another 350Mt target (FDL)


When will JMS's value be realised?

 

[bigt]

Well I (like most on ASF) are amazed at the FDL action today. Makes you wonder why JMS didn't release an announcement stating they commenced drilling on a "potential target area" of 600mt. Or even commenced at all.

I think this may be an intentional conservative approach to allow whatever JV, or other company strategy, to proceed prior to a massive share price jump...which may mean the "other" company buying in will pay a hell of a lot more.

Conspiracy theories abound...though wouldn't surprise me.