jbm's future is now better thanks to pio JBM's future is now...

jbm's future is now better thanks to pio JBM's future is now better thanks to the deal struct with Pioneer Nickel limited (PIO).


According to JBM, they have been looking around for aquaicitions and none were good .... until Pioneer drilled Acra .... and mind you it was only reconnaince drilling to test the minerilisation.


Although more work is need to confirm either the high tonnage low grade deposit is viable or to find high grade nickel sulphide offshoots, it requires money which JBM has got.


If they discover something, then PIO would obviously outperform JBM, so PIO would be a better logical choice then JBM.


But do not underestimate the prospectiveness of Acra and JBM's capability to spend the $6 odd million for explorations quickly.


KEEP THIS IN MIND
Heron Resources Limited (HRR) owns the eastern side of Emu Lake, which surrounds the Image resources Limited tenements and if you look at an ASX announcement recently, you would be suprised to see that most ultramafics occur on the Heron tenements.

Could it be that JBM would be talking to Heron as well?



Arhidas
owns PIO and HRR