Have you looked at JBM recently. Seems on first inspection EXPENSIVE.
But look at the resources discovered, and consider the resources yet to be discovered. The planned production profile just does not do the resources credit imo. After LIM, JBM must be one of the largest nickel pure plays left. Seems to me a more agressive owner could throw money at the resources and quickly change the 2011 plan from 20 ktpa to 30, or even 40 ktpa.
I took a small stake last week, but not committed it to the bottom drawer, probably preferring MCR, but thinking the market likes the larger, lower cost, longer life animals.
Your thoughts appreciated.
EL
LIM Price at posting:
0.0¢ Sentiment: Sell Disclosure: Held
