over communication and techno babble, page-2

Agent-86

Excellent post and questions.

I was hoping Tigerten or Plough would grace us with their opnions on what JMS has been announcing with regards to the identifying of TEM conductors, but alas they have kept quiet up thus far.

To be honest, the MOU and Brockman didnt come as any surprise. In fact, most of what has been released about Brockman could have been found via a little bit of research on the net and they always said they were in discussions with regards to another JV. Just this time, it resulted in another MOU and not a JV.

The identification of the TEM or transient electromagnetic conductors is basically saying "we think we've stumbled on a major source of sulphide mineralisation". The more TEM conductors JMS announces that they have found, the more interest the market takes because there is a chance that they have found a large source of sulphides, but even in todays announcement, they admit that the conductors may not even be strong enough to think there are sulphides present.

A small machine passes an energy wave (the length of the wave simply depends on the frequency chosen) through the host geological formation. If the wave slowly decays (rather than instanteneously) it means there could be sulphides present - in very crude terms, the source would be identified as a possible conductor

Anyways, thats a very loose explanation. IMO, it doesnt explain JMS's meteoric run in the past few weeks, particularly for the oppies.

What needs to be kept in mind is that at some point within the next month or so, the company is authorised (as per the AGM) to place 30m shares - could well coincide with the signing of a JV (no better way to please shareholders than for the JV partner to take a large stake in the company). But you are right, there is still a long long way to go before JMS has kicked any serious goals.

Has Brockman been drilled yet?
Has Mt Hope been drilled yet?
Have they dilineated any further resources at Mt Mason yet?
Have they done any drilling at Widgiemooltha?
Where is an update on Mt Ida?
What about Klondyke? Werent they supposed to be drilling that a few months ago?

Does the announced information substantiate the recent rise?

I've always believed that JMS has an excellent portfolio of diversified iron ore, gold and nickel assets (see earlier posts) and I wasnt happy with the way management conducted themselves with regards to a succession of placement announcements with little to show for it. I've seen no real reason to change that opinion, except that now the share price is triple what it was 3 or 4 weeks ago. My $0.023 options (I hold alot less than I originally did) are now worth a lot more, but like you Agent-86, I want to see some real results......without those, a stock like this goes back down as quickly as it went up.

The amount of overnight experts on the JMS thread now is amazing. Try finding anything of substance amongst the 100's of posts.....good luck!!

Marchello