if you go back to the original company announcement in late 2006 when they acquired Brockman they outlined a likely strike target, which measured as below, the thickness was taken from the adjoining RIO tennements which border the JMS Brockman tennements.
the following is a projected target worked out by Young Trader over at Aussie Stock Forums a well respected stock picker who was first to identify companies like YML,FWL,CUL so he knows his stuff
Back in December 2006 the company outlined a target (key word target ) deposit that was 4,000m's long 300m's wide and should be 150m's thick/deep based on RIO's Adacent Brockman deposit,
Now IF (Key word IF ) the whole area is mineralised we get a target thats 4,000x 300x 150x 3.5 (sg) = 630Mt's@60% Fe (note grade based on rock chip samples and RIO's adjacent project)
So Max Target = 630Mt's@60%Fe
Like I was saying this is the target whether they reach the whole amount is debatable, but what we do know is that they have sampled significant grades within their tennements and also they are smack bang in the middle of several billion plus deposits owned by RIO and FMG.
The likelyhood of a significant deposit is extremely high due to location (100mt plus which puts it in the YML category)
What is important is that they have been drilling the target and the results are due before Christmas.
Just look at how companies such as IRM,BMY have been running on much less.
As I said before if it wasn't for the previous management JMS would be more highly valued, so now is the time to get in before the broader market wakes up to the potential of the company.
Remember Talbot doesn't throw his money around, he knew what the potential of Brockman was and its just taken a new management team to make it happen.
Expect this one to fly heading towards christmas as the market starts to catch on.
