Posted this on the nickel thread, so will repeat here.
Hi Folks,
Not many seem to follow JBM, I guess it has simply been too expensive for most of us to see further gains - that should be until recently!
Burried in todays FY financial release was plans for a far greater expansion than previously projected. 22,000 t for 2010, and 30,000 t from 2011 (previously 20,000).
This all excludes the anomaly 1.
Point to remember is that with JBM is that 35 to 45% of this flows to NPAT, including smelter take etc. Worth taking a look, the market has overlloked the expansion story today - it wasn't headlined.
I won't take up any more of this general thread for JBM, so please go to the JBM thread if you wish to discuss.
EL
Discl: Doubled my holding today, so hope I have not missed something.
JBM
jubilee mines nl
