More to the point...Not including anything at Brockman, JMS's...

More to the point...

Not including anything at Brockman, JMS's current projects and cash on hand is estimated at approximately 35c - 40c/share.

They are currently trading at 29c, which means they are already undervalued.

There is a good chance they'll find -some- iron ore at Brockman given the location, even if they only find 50Mt, it gives them significant upside on their current share price.

Given the old management are out, and they have new chinese directors - one can conclude that they are preparing themselves for a chinese deal.

All things said, you need to wait and see what Brockman has - but if you wait til then, the SP will have already run.

Anyone who firmly beleives they have 600Mt is an idiot - but anyone who thinks there is a chance they'll get 50 - 600Mt is more on the money.

In this current climate, and if Brockman proves to have something significant, JMS will go through the roof - just like IRM and FDL and all the others that have run recently on iron ore news.