re:merger, page-3

Hi,

At this stage I feel it is worth looking at the PLA/JLP combination in terms of future value potential.

Firstly the present JLP is in fact the result of JLP taking over Braemore resources(BRR) a couple of years ago. The highest standalone market cap that BRR achieved was £170m
while JLP's at that time was £120m

The combined group has come along way since (ignored by the markets).PLA I believe has been as high as £672m

So if the combined group can get anywhere near their historic values we are looking at £960m for the group or £1.55p per share! Also these peaks were achieved while being loss making. The new group should be very profitable and I would expect a market cap of more than £1b once profits start to roll. Haven't a clue when but it is possible.