I have just read the financials for 2007 for Jubilee Mines (JBM)...

I have just read the financials for 2007 for Jubilee Mines (JBM) and Independence Group (IGO), both nickel miners. JBM posted Net of $173.1M and IGO a net of $105.3M. JBM paid a dividend of 37 cents ff and IGO 18cents. This sounds a "noice" set of numbers but we must consider JBM has 131M shares, IGO has 114M shares and AGM about 700-800Million. The respective share prices cob today are JBM - $13.20, IGO - $5.45 and AGM - $0.65. The most significant set of numbers is as follows:
JBM produced 8633 tonnes of nickel concentrate
IGO produced 9825 tonnes of nickel concentrate
and
AGM should produce 8500 tonnes in the first year and with an extra ball mill could produce 17,000 tonnes per annum.
Strangely all are similar.
hope you find these figures interesting,
cheers,
Ray.