re: what's huntley recommendation?/gsjb Bloodwynch.
Yep, JBM is not undervalued on current known facts.
But it is also not overvalued.
NPV has always been JBM's "Archille's heel" over the last 2 years.
If the next Prospero drill results can show a substaintial increase then JBM will be cheap again.
I think 2-4 weeks.
I'm not buying at the moment but looking at selling call warrants(not shares).
T/A will rule for a while.
It's not my speciality.
I held through $3.20 a share while sitting on a paper loss of 10-15% I think I will keep holding on.
The market gets it wrong often.
50% capital gains discount are amongst my favourites along with full franking.
Brokers are starting to realise.
Cosmos is viable until at least 2008+.
If Prospero does not run concurrent with Cosmos then have the year 2013 as the expiry date.
Will more nickel be found before then(forgetting about other areas).
I think so.
I think time will prove me right.
Current Yields are much better than bank.
No need for fudging figures from me.
I only wish I held more Call warrants during the rise through $6.
I checked the market that day at about $6.20.
I slept in that day & shouted my friend lunch for his Birthday that day.
I was predicting $8 per share, 7+months ago for JBM even before I had heard of Prospero(FCN also).
Anomaly 1 & Alec Mairs are still likely to surprise to the upside imho.
If I could predict JBM's share price movements more accurately I would be a millionaire. Which I am not.
Cheers.
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