The buy depth isnt looking too good at the moment and quite a...

The buy depth isnt looking too good at the moment and quite a few sellers lining up, too bad if anyone needs to sell in a hurry.

Looking likely that there wont be too much in the way of news until the end of January when the updated resource figures from Mt Forrest are due, they should be about a third of the way through their latest round of drilling by now. There is a good report on the Jupiter website:
http://www.jupitermines.com/investor_relations/asx_announcements/current.phtml
where they value their Mt Ida project at $0.25/T, that is a heap better than the current value being given to Mt Forrest.
Current Market cap of $61 million with $9 million in cash, so projects are being valued at $52 million. Even valuing other projects at $0 gives $0.05/T. If there ever was a takeover of Mt Forrest, i wonder what sort of price it would fetch?