JMS - Jupiter Mines
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From today's announcement from Great Gold Mines (GNL)...
The results from the recent round of sampling continue to confirm earlier results which averaged 61.8% iron from 6 samples.
As previously announced on 10 and 11 November 2007, high grade hematite mineralisation has been delineated in several areas over at least 8 kilometres at the Mount Bevan Iron Ore Project. Two prominent Banded Iron Formations run NNW over 20km of strike length through the Company’s project area. The outcrops of hematite mineralization are consistently located within a zone along the eastern margin of the western Banded Iron Formation ridge. Previous work by an independent consultant has reported iron grades from the same zone at an average of 61.8% iron from 6 samples which covered 4km strike length within the Company’s tenement.
Assay results received on 11 November 2007 from five rock chip samples taken over 5km strike length confirmed the previously reported high grade hematite mineralization at the Mt Bevan Iron Ore Project.
The results from last weeks second round of sampling continue to confirm earlier results.
On the southern margin of the Mt Bevan project, Jupiter Mines Limited has reported a 2.2 million tonne inferred resource @ 60.6 % Fe, 3.1% Al2O3, 7.7% SiO2, 0.05% P and 2.4% LOI at the Mt Mason project. This inferred resource lies along the margin of the western Banded Iron Formation ridge of which over 20km strike length lies within the Company’s exploration licence.
Notably, Jupiter’s hole MMRC108, which occurs adjacent to the southern boundary of the Company’s tenement recorded one of their best intersections of 18m @ 61.44% Fe which confirms the deposit thickens to the north.
Been following this thread for a while now, thanks to all for their views. I averaged in on Mr Talbot's disposal, looks like 0.245 level is providing some support. Waiting with interest for the next annoucement.
The results from the recent round of sampling continue to confirm earlier results which averaged 61.8% iron from 6 samples.
As previously announced on 10 and 11 November 2007, high grade hematite mineralisation has been delineated in several areas over at least 8 kilometres at the Mount Bevan Iron Ore Project. Two prominent Banded Iron Formations run NNW over 20km of strike length through the Company’s project area. The outcrops of hematite mineralization are consistently located within a zone along the eastern margin of the western Banded Iron Formation ridge. Previous work by an independent consultant has reported iron grades from the same zone at an average of 61.8% iron from 6 samples which covered 4km strike length within the Company’s tenement.
Assay results received on 11 November 2007 from five rock chip samples taken over 5km strike length confirmed the previously reported high grade hematite mineralization at the Mt Bevan Iron Ore Project.
The results from last weeks second round of sampling continue to confirm earlier results.
On the southern margin of the Mt Bevan project, Jupiter Mines Limited has reported a 2.2 million tonne inferred resource @ 60.6 % Fe, 3.1% Al2O3, 7.7% SiO2, 0.05% P and 2.4% LOI at the Mt Mason project. This inferred resource lies along the margin of the western Banded Iron Formation ridge of which over 20km strike length lies within the Company’s exploration licence.
Notably, Jupiter’s hole MMRC108, which occurs adjacent to the southern boundary of the Company’s tenement recorded one of their best intersections of 18m @ 61.44% Fe which confirms the deposit thickens to the north.
Been following this thread for a while now, thanks to all for their views. I averaged in on Mr Talbot's disposal, looks like 0.245 level is providing some support. Waiting with interest for the next annoucement.
you have to wonder what is going on with JMS management, over the last two days you have had companies such as GNL,MEI,IFE,WRK all move higher on iron ore related news.
JMS haven't even formally informed the market they are currently drilling at Brockman(the information came out at the AGM), surely they should come out and discuss whats going on at Brockman,Mt Mason,Mt Ida, Shay Gap etc.
It surely wouldn't hurt would it?
JMS haven't even formally informed the market they are currently drilling at Brockman(the information came out at the AGM), surely they should come out and discuss whats going on at Brockman,Mt Mason,Mt Ida, Shay Gap etc.
It surely wouldn't hurt would it?
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I agree totally Mick. Some news would be helpful considering these guys are apparently in good iron ore country and surrounded by other players.
Actually aren't they near FMG tenements or similar?
Actually aren't they near FMG tenements or similar?
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Blimey Mick you must have some good connections,ann out "Jupiter Mines Limited (ASX: JMS) is pleased to announce the appointment of
experienced Australian mining executive, Mr Greg Durack, as Chief Executive
Officer, effective immediately. The appointment completes the restructuring of
the Company’s Board and senior management as it focuses on advancing its
iron ore, nickel and gold interests in Western Australia.
experienced Australian mining executive, Mr Greg Durack, as Chief Executive
Officer, effective immediately. The appointment completes the restructuring of
the Company’s Board and senior management as it focuses on advancing its
iron ore, nickel and gold interests in Western Australia.
it is important to get to know the people in charge when you invest in these mining companies and now we know that Greg Durack is in charge, he should expect a barrage of questions about the companies direction an in particular the iron ore.
I would expect to hear some iron ore related news very shortly, maybe they were just waiting to announce the new CEO so he could stamp his authority on the company.
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Hmmm there's alot of buying up today
Someones desperate to get in with a 1million buy order,
Could this be peeps who have seen the drill cores I wonder?
Something is definately up,
Also read yesterday on another forum that JMS have been involved with some International Advisory Firm, which I followed the trail to confirm, check the Apendix 3B released yesterday morning,
Some free options were given In consideration of international advisory services rendered.
New Chairman, International Advisory Firm (Chinese??), GNL and IRM getting good results near JMS's Mt Mason, and the big one BROCKMAN DRILLING SHOULD BE DONE
Interesting times ahead
Someones desperate to get in with a 1million buy order,
Could this be peeps who have seen the drill cores I wonder?
Something is definately up,
Also read yesterday on another forum that JMS have been involved with some International Advisory Firm, which I followed the trail to confirm, check the Apendix 3B released yesterday morning,
Some free options were given In consideration of international advisory services rendered.
New Chairman, International Advisory Firm (Chinese??), GNL and IRM getting good results near JMS's Mt Mason, and the big one BROCKMAN DRILLING SHOULD BE DONE
Interesting times ahead
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Hmmmm, he/she is not shy in showing their hand..... not sure what to make of that. Hopefully, seen/heard something to make them desperate to get on board but it seems odd.
It's now almost half gone and still standing and people are taking bites at the 25.5 seller.
At first I just thought it was fake support but it's edged up from 24c to 25c and is being eaten away.
I will be very happy if it's replaced with another 1mil order
There is nothing conclusive to be drawn from it - other then 1 person's confidence in JMS to produce something good.
Either way, I hope JMS announcements come hard and fast and it's true potential is sized up.
Bring on the announcements!
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It's now almost half gone and still standing and people are taking bites at the 25.5 seller.
At first I just thought it was fake support but it's edged up from 24c to 25c and is being eaten away.
I will be very happy if it's replaced with another 1mil order
There is nothing conclusive to be drawn from it - other then 1 person's confidence in JMS to produce something good.
Either way, I hope JMS announcements come hard and fast and it's true potential is sized up.
Bring on the announcements!
Sp now up to .26c .. keep it coming baby.. its been a sad last couple weeks for JMS but hopefully negative Talbot-sentiment slowly disappears
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I topped up today aswell. Not far from my first dip in the pool @0.30.
Got in @0.27, l thought that it might drop lower in the last few weeks when Talbot sold. But, it held around the 0.21-.024 mark for a while there.
Seems like it's on the up and up now. Once the drill results come out, should be all good.
It's like the whole of W.A. here is sitting on either iron ore, nickel, U, or gold. Crazy if u ask me. I would be surprised if the drilling results weren't up. If FMG is sitting right next to one of the tenements that JMS has, well....
What about the new chairman?
Mr Greg Durack
Any thoughts???
Got in @0.27, l thought that it might drop lower in the last few weeks when Talbot sold. But, it held around the 0.21-.024 mark for a while there.
Seems like it's on the up and up now. Once the drill results come out, should be all good.
It's like the whole of W.A. here is sitting on either iron ore, nickel, U, or gold. Crazy if u ask me. I would be surprised if the drilling results weren't up. If FMG is sitting right next to one of the tenements that JMS has, well....
What about the new chairman?
Mr Greg Durack
Any thoughts???
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I hope all the positivity is rewarded. I have just jumped in for my second lot and am looking forward to drilling results and the like.
Is JMS in "elephant country"? I think that is the term?
Is JMS in "elephant country"? I think that is the term?
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Must be an allergy, JMS wait until today to announce something special, the day I buy in
has there been an announcement ??
........................................ if yes please post it
Thanks
Must be an allergy, JMS wait until today to announce something special, the day I buy in
What announcement?
Where did you buy in? and why is that a bad thing? The share price did nothing today.
I'm sorry, I don't understand your post.
eMark
Sorry E-Mark, I'm being a tad facetious. A negative day the day I buy. Look forward to tomorrow, another chapter begins.
That's ok. I just thought there was more to your post than I could see. I understand now.
Well I hold at 0.315. I don't know where you bought in, but if Brockman comes off, it's not going to matter......
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Here is the announcement-
http://www.asx.com.au/asx/statistic...MS&timeFrameSearchType=D&releasedDuringCode=T
Not sure if it is all that "special" snorer, but the little hiccup in the share price today is nothing too worry about mate. You're lucky, I bought at 29.5c, about 4 hours before Talbort decided to offload his millions. Thankfully, it has regained some ground.
Looking forward to drill results from Brockman, when they come out. Would provide some hard geological evidence to suggest a spike in the price when they come out, but I don't really understand too much of that mining talk.
Anyway, glad to have you along for the ride.
http://www.asx.com.au/asx/statistic...MS&timeFrameSearchType=D&releasedDuringCode=T
Not sure if it is all that "special" snorer, but the little hiccup in the share price today is nothing too worry about mate. You're lucky, I bought at 29.5c, about 4 hours before Talbort decided to offload his millions. Thankfully, it has regained some ground.
Looking forward to drill results from Brockman, when they come out. Would provide some hard geological evidence to suggest a spike in the price when they come out, but I don't really understand too much of that mining talk.
Anyway, glad to have you along for the ride.
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Its amazing how the mkt values things
@ 23c JMS's Mkt Cap = $32m with $6m cash
It has two main project areas,
Mid West Mt Ida and Pilbara Brockman
Now nearby to Mt Ida
GNL mkt cap = $18m and they have rock chips and surveys
IRM mkt cap = $30m and they have had some good drill hits
But both are using the nearology to JMS's Mt Ida = JORC 2.2Mt's@61%Fe
Now nearby to Brockman
FMG has just announced another 700Mt's of Fe
This is helping FDL mkt cap = $90m and they have an exploration target
JMS has done alot of work and is drilling Brockman, they could have a very large target their, yet the market is happy to let it sit at a such a small mkt cap
@ 23c JMS's Mkt Cap = $32m with $6m cash
It has two main project areas,
Mid West Mt Ida and Pilbara Brockman
Now nearby to Mt Ida
GNL mkt cap = $18m and they have rock chips and surveys
IRM mkt cap = $30m and they have had some good drill hits
But both are using the nearology to JMS's Mt Ida = JORC 2.2Mt's@61%Fe
Now nearby to Brockman
FMG has just announced another 700Mt's of Fe
This is helping FDL mkt cap = $90m and they have an exploration target
JMS has done alot of work and is drilling Brockman, they could have a very large target their, yet the market is happy to let it sit at a such a small mkt cap
