I don't know enough about that type of ore body or its market to really comment, but it seems they got a reasonably advanced project at a distressed sale price.
Hopefully it fitted their 'strict criteria'.
Good breakout on the chart, although with so few shares on issue it will always be choppy.
Best of luck to holders.
At least the next quarterly report will give you something different to read.
Milesy
JRL Price at posting:
22.5¢ Sentiment: None Disclosure: Not Held