kicking the goals, page-3

re: kicking the goals-$4 breached Hi guys,

For those unaware the main reason behind JBM's Low P/E(hence cheap share price) compared to other nickel miners is the short life of Cosmos(previously projected end in mid 2008).

The new drill results seem to indicate there is a hell of a lot more nickel in the ground.

Expect all Brokers to increase their valuations on JBM over the next few weeks.

cheers.

P.s. If JBM's share price doubled from here to $8. The PER would be under 8 to 1, & dividend yield still be over 7%(assuming 35cent div in Sept).
p.s.s. The dividend could be higher 40 cents in Sept not out of the question.