It is still my view that Jupiter will be eventually quoted in Singapore or/and London. LNC headed for Singapore where stocks like Lion Gold are highly thought of.
Explorers know that a find has to be great, 50 metres of 7% graphite and 10 metres of 5g per tonne gold are no longer worth mentioning. In fact some finds are truly negative, taking us back to the 1987/1990, 'crunch', bad old days. WE are truly at the bottom, imho, where only really good projects standup.
All this has happened before and did after the great mining and resource boom of the 1970's. Woodside Petroleum hit 40c in 1981 and the so called 'rundle twins', Central and Southern Pacific, collapsed from $40 to under 50c.
Unfortunately some stocks never recover like the 'rundle twins' and we all know about Woodside Petroleum. So JMS depart shortly or at least go private, and directors buy its shares at under 8 cents each -- are they telling us something?
JMS Price at posting:
8.1¢ Sentiment: Hold Disclosure: Held
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