re: Ann: Company Insight - MD Gary Comb on Gr...
Once the market becomes more aware that Stockman may become more prfitable tha Jaguar I believe that JML witll receive a significant re-rating.
"..What we?re trying to achieve is to create another Jaguar and I think Stockman can be at least another Jaguar. Stockman will predominantly be a copper project, with credits from zinc, gold and silver. Whilst the geology and metallurgy are similar, it is different to Jaguar and Bentley, which are zinc dominant. We don?t believe Jabiru is receiving any value in the market at present from Stockman because to date we?ve said very little about it. Stockman is in the top 30 VMS deposits in the world in terms of grade and remains one of the few high grade VMS projects still to be developed. Importantly, the two Stockman ore bodies start at 90 metres and have only been drilled to 300 metres. Jaguar and Bentley ore body begin at 300 metres, indicating the potential for Stockman at depth. Given our belief that Stockman could become a deposit of similar importance to Jaguar, with the market currently ascribing very little value to this project, we believe Stockman has the ability to add significant value for Jabiru shareholders..."
JML Price at posting:
52.5¢ Sentiment: Buy Disclosure: Held
