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JMS - Jupiter Mines

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Hi guys,

I'm a long time reader first time poster.

It seems as though there's been ome confusion regarding the location of the brockman tenement in relation to FDL/FMG tenements. I've attached a picture of the area. The top section is the FDL tenement where much of their iron ore target is located. The bottom section is the JMS brockman tenement. It is pretty much 45km dead south of the FDL tenement.

I think that the probability of success at brockman has more to do with the RIO resource next door rather than whats being found in the Pilbara regon. I'm no geologist however. Could this be why JMS is not being valued any higher by the market at this time when iron ore is red hot. What are peoples thoughts on this? I've also read somewhere on an analysts report that the max potential for brockman is only 100mt. Another reason why the price is not moving as much as us forum members hoped?

Cheers
 

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We're going to find out soon enough. If the ore body continues at depth, say to 300m, then 500-600mt isn't out of the question. This first round of drilling is only going to a depth of 100m, hence my estimate of 100-200mt, but that's only going to be achievable if the ore body is world class. The second part to this story is how the markets will react to the news. As many have stated previously, fundementals at the moment might as well be tossed out the window, add in the volatility and who knows what the sp will do. Gotta be getting close to recieving those results though, this week maybe
 
Im also guessing this week, or next week latest. But more towards this week.
Fingers crossed. And i hope its a big find.
 
Hi Cavka,

Thanks for the correction to the map,

I based my location of JMS's Brockman on other posters info and as it turns out this wasn't 100% accurate,

I have always said JMS's potential at Brockman is 95% based on the grounds it has adjacent to RIO's Brockman deposit,

I am curious what's this analyst report your refering to Cavka?
 
If the drilling results at Brockman isn't what we had hoped for, what does everyone think will happen with the SP? Obviously it will drop, as everything is heading south, but by how much? What are peoples opinions?
Im contemplating on whether to take a punt and get on JMS now, before the results are in.
 
Hey YT,

I guess what I read wasn't an analyst report as such but a brief company overview by an analyst for fairfax. Thus I don't know how much importance I'd place on their thoughts. The link is below. On the second read it actually says that brockman only has the potential for 20Mt.

http://www.investsmart.com.au/company_profile/summary/default.asp?SecurityID=JMS&ExchangeID=ASX

I'm surprised that they're only expecting such low potential. Do they know something we don't?
 

Take a look at YT's analysis, he has shown JMS to be worth at least 35 - 40c without anything at Brockman.
 
My gut feel is that the results will have to be fairly poor for JMS not to rise initially. The current share price is basically sitting at its running low and the current sentiment seems to be very cautious for JMS. I'm not sure the majority of holders are expecting huge things after what the share price has done recently. Personally I'm fairly confident that even if results are not hugely positive there will still be an oportunity to get out without too much damage. I also get the feeling that there are a lot of people sitting on the sidelines watching this one, so positive news should see some action. Upside outways the risk on this one for me at current prices.
 
If you refer to my post from 2 months ago https://www.aussiestockforums.com/forums/showpost.php?p=227051&postcount=1109

There is a closeup map on there, as well as the latitutde and longitude of the location (which can be brought up in any google geolocator). This map was overlayed on their actual map provided in their report (in low quality PDF), and exact reference points lined up via an opacity layer in photoshop.

Don't know where the confusion comes from ...
 
I previously posted that I believed an initial inferred resource for Brockman would be around 100-200mt. After more research, I'm going to reduce this target significantly to between 25-100mt+, based on my new estimates of how thick the ore body might be. Sorry if I gave anyone false hopes, I'm not wanting to cast any negative light onto JMS, just thought I'd be honest with you guy's given my new calculations. Here's hoping it's towards the upper end of my scale
At the end of the day, I'm probably over analyzing the whole subject, but I'm always learning and seeking answers to my questions. I can thank YT for my current information overload session, trying to work out how he came up with that 600mt+ figure.
I welcome any comments that either support or reject my estimates and/or ideas
 
A few years ago I invested in a company called Kingstream.it was to be an iron ore miner and steel producer.At the time iron ore was out of favour and market conditions turned sour . The company went from promising to broke,and I vowed to stay away from iron ore. Here I am years later no lesson learnt and an uneasy feeling that previous experience is about to recur. The delay with the announcement leaves a bad taste in my mouth.Talbot would not have got out if he thought money was to be made.Hope I am just being pessimistic.time will tell.
 
Just got of the phone to a friend in the industry and he's telling me not to expect the results until early feb, so we'll just have to sit tight for a couple more weeks. This could actually work in our favor though, because the US fed will probably cuts rates by 50 points, or more, giving the financials and property sectors a well needed boost. If we take those 2 out of the equation, the US market actually grew by 12% in 07, so if the feds in conjunction with the government get together and provide some stimulus for those sectors, they might just avoid the big "R". If JMS posts the results, along with any other players in the market, I'm not expecting the sp to do anything spectacular, if the aussie market is still in decline. On the other hand, there is a lot of $$$ just sitting on the sidelines atm, so if we see a reversal in sentiment, most spec stocks should run very hard on good news.
 
Speaking to Exploration managers of other companies, they're hopeful to get their lab work back late this month. Haven't spoken to JMS, however, I presume it's indicative of the labs getting through the backlog.
 
JMS is taking a bit of a beating today (was down around 15c and has steadied to ~18c).

I spoke to JMS on the phone last week and they said there is a backlog at the labs and they did not expect to get results until late January.

That is in line with what you have just said, so I would be expecting a Brockman announcement within the next 2 weeks, 3 weeks maximum I would hope.

Along with that, many analysts are anticipating the markets to bounce in Feburary.

So I would hope that a positive announcement + market bounce to fall in the same time frame would potentially mean that JMS will be back in strength.

Still comes very much down to a positive brockman resource, anything else will see JMS get dumped hard.
 
For the first time, im hoping they dont release the brockman announcement anytime soon, lol.
 
open for trade but zero trades up to 11.47 am.

I know the volumes have been low but I would have thought this is unusual.

edit: 1st trade at 11.48am lol
 
Quiet day.

Time Price Volume Value Condition
12:18:22 PM 0.195 28,000 5,460.00
12:12:54 PM 0.195 12,000 2,340.00
12:04:15 PM 0.195 13,000 2,535.00
11:48:18 AM 0.195 37,000 7,215.00

32 buyers for 2,236,814 units 34 sellers for 1,414,140 units

There's 100,000 at 0.2 waiting.
 
I am guessing the quiet is because no one wants to sell with potentially days until the announcement.
 
I would be guessing it's quiet because nobody wants to sell at the current sub-20c levels, considering many purchased at it's peak of 30+. Too painful to sell right now.
 
ASX quarterlies are due on or before Thursday this week - I expect JMS will take the opportunity to update the market on Brockman.

Other companies that were originally expecting lab work back in December have started receiving them and internally interpretting the results hoping to finish their work in time to publish the results in the quarterlies. JMS may be the same, I don't know. It is worth keeping in mind though.
 
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