Dynofish,
Imo smart move on 2 fronts:
1) JBM not priced for both the 35% pa compound growth (for how long??), and the terrific margin they extract per tonne of resource. Hard to beat for lowish risk/longterm value imo.
2) INP. Well done, but given the uncertainty about CAPEX and recovery factor etc probably now reasonably fully priced. Yesterdays news didn't add that much to OOIP imo, therefore went from overly discounted to under risked? I"ll stick with CVN. Seem to be a lot on hc in INP that have nfi between OOIP and 2P reserves. Or between revenue and NPAT.
Seems to me someone relentlessly selling JBM, no reason imo to believe for fundamental reasons. Despite being weighted over 30%, could be tempted for a few more, but like to see the bottom first.
EL
JBM
jubilee mines nl
