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JMS - Jupiter Mines

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My thinking is that Jupiter will continue to recover over 2024 and move back towards 40c a share though the high point way back is over 80c in the Halycon days for iron ore prospects, not manganese as it is today.
 
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Are Investors and Analysts Missing Jupiter Mines (ASX: JMS) Bargain Level Valuation?

Manganese miner Jupiter Mines (ASX: JMS) has scant analyst coverage despite attractive valuation metrics.
thebull.com.au
Jupiter’s five-year strategy is to move from a pure-play miner into a supplier of High Purity Manganese Sulphate Monohydrate (HPMSM) for the battery market. On 13 March, the company released the results of a Scoping Study on successful laboratory production, positioning the company to move to a full-scale operating production facility.
 
A mildly encouraging uplift in Manganese prices has helped lift Jupiter Mines shares by 40% of late. Up from 18c to 25.5c close Tuesday.
 

Jupiter Mines eyes growing Mn sulphate supply deficit | Latest Market News

ASX-listed Jupiter Mines forecasts a widening supply deficit for manganese sulphate by the end of the decade, delegates at the Paydirt conference in Perth, Australia, heard.
www.argusmedia.com
Jupiter Mines believes it is well-placed to expand Tshipi's production. Last month it began a pre-feasibility study for a High Purity Manganese Sulphate Project set to last 12 months. The report details the firm's capacity to produce 50,000 t/yr of HPMSM within three years of the project's start date, before increasing to 100,000 t/yr by 2030. -
  • 16/04/24
 
Jupiter continues to recover closing at 29c. Up 60% from its low point as confidence rises.
 
At a dividend rate of 2c, the shares at 33c are on a dividend yield of 6% and fully franked. Shareholders can now look for increased profits at Tshipi and improved dividends.
 
noirua said:
Jupiter shoots past 40c up from 17.5c a few months ago.
Click to expand...
yep, JMS has doubled since the Groote Eylandt mine owned by S32 was hit by a cyclone and shut down in March this year. There is significant structural damage with estimates that the closure will cost South32 about $200 million and disrupt shipping for six months.

The CEO of Jupiter stated "For our manganese grade [the price] most of last year was between $US3.50 and $US3.55, which was quite low by historical standards, so a lot of mines went out of production and that increased prices."

“After the GEMCO incident had occurred, the price increased to $US4.80 and most recently it’s $US6.25, so in the last few weeks it has increased rapidly due to concerns about a supply shortage given how important GEMCO is in the global supply chain.”

Jupiter is the largest manganese miner on the ASX, with a 49.9 per cent stake in the Tshipi project in South Africa. Tshipi is one of the five biggest producers of manganese in the world, and is expected to have a mine life of more than 100 years.

South32 also produces manganese in South Africa.
 

We should have seen this when the S32 project folded. Poor darts.
 

This small cap has rocketed since South32’s manganese mine disaster

Shares in Jupiter Mines have doubled in value since Cyclone Megan forced the closure of one of the world’s biggest producers of the steel making commodity.
www.afr.com
May 16, 2024 - Jupiter’s shares have risen 103 per cent since March 15 to last trade at 36.5¢. In a note, Euroz Hartley brokers said the strength of the manganese price was likely to push shares in Jupiter as high as 58¢.
Despite the cyclone, South32 shares are up 22 per cent to $3.67 since that time, driven higher largely by rising copper and other commodity prices.
 
JMS closed at 34.5c up from an 18c low point. Now it's a matter of AI aspirations versus how the manganese price does after rocketing upwards. If we think AI and the manganese price will continue doing well the shares probably have a long way to go - the opposite if you see them not doing well.
 
The sale of Jupiter shares at 32.5c by AMCI may be the reason why the shares fell back from an intraday high of around 42c to 28.5c - now at 31.5c. With manganese up over 100% in price profits are set to rocket if the price holds. The interim dividend was 1c announced in February.
Sale of Jupiter Shares by AMCI Group:
 
Jupiter appears very much linked to the price of manganese. Obvious really as it only mines and sells manganese from South Africa's El Tshipi mine, 49.9% interest, with an additional 5% or so income for arranging shipping.
Manganese price: https://www.jupitermines.com/tshipi-manganese/tshipi/manganese-price-information
Where from here is the guess for the Manganese price?
Some may have the opinion that war is good news as manganese is vital for steel production.
Manganese is a transition metal with a multifaceted array of industrial alloy uses, particularly in stainless steels. It improves strength, workability, and resistance to wear. Manganese oxide is used as an oxidising agent; as a rubber additive; and in glass making, fertilisers, and ceramics.
A link so you can check: https://en.wikipedia.org/wiki/Manganese#:~:text=Manganese is a transition metal,making, fertilisers, and ceramics.
 
Captain Chaza's gone radical with JMS so I picked up 10 grand worth today for 17 cents .
Strictly for trading , though .Got no faith in this one for the longer term .
All good fun until ...( somebody loses an eye , agh matey ! )
 
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