Jabiru is looking very strong. Has been undervalued for some time but getting some attention now. Their Victorian assets have been overlooked in their price and all focus has been on the WA mines. WA mines are very low cost producers. Looking great - Barry FitzGerald from the AGE wrote 20 dec 2010 - Jabiru Metals (JML), owner of the Jaguar/Bentley polymetallic operation in Western Australia and the Stockman development project in Victoria.
Stockman has come into its own and is offering the potential to generate annual free cash flow of more than $70 million a year.
The argument is that there is not much in Jabiru's share price for Stockman, a project that is more copper rich than the zinc-rich Jaguar/Bentley projects. Jabiru comes in at 60? a share.
JML Price at posting:
70.0¢ Sentiment: None Disclosure: Not Held
