JBM jubilee mines nl

re: jbm v mcr the big picture I understand the enthusiasm for...

  1. cy7
    930 Posts.
    re: jbm v mcr the big picture I understand the enthusiasm for MCR
    – Similarities to JBM as it has had to fight for market enthusiasm.
    Huntley’s nearly has always had them as a sell –JBM that is.
    One of WA brokers told me to sell them at $1.20.

    What the future holds is anyone’s guess –
    But the graph looks good (JBM & MCR)
    Production for 06/07 will be abit skinny.
    Suggests 15/20000 ton possible by 2008
    JBM holds: 26% NST
    17.4% PIO (+ 60/75% Acra Joint Venture)
    16.15% FCN (30% interest in the Collurabbie Project)
    -- And a few others.
    -- $173 million cash and receivables – no debt.
    You could do worse --- I would still like a script bid.


    Thought I would post these grades to give some indication of the viability of Anomaly 1.

    Mt. Keith: (WMC) 376 million tonnes @ average grade of 0.52 per cent nickel
    Leinster: (WMC) 32.6 million tonnes (underground) grading 2.3 per cent nickel
    156 million tonnes (open cut) grading 0.6 per cent.

    Anomaly 1: (JBM) 53 million tonnes at a grade of 0.62% nickel
 
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