JRL
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11.8% $3.13 jindalee resources limited

My JRL spreadsheet suggests their assets equate to a 56c SP on...

  1. cdchi1
    8,616 Posts.
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    12/03/09
    10:19
    Post #: 4893776
    My JRL spreadsheet suggests their assets equate to a 56c SP on an undiluted basis.

    Then again there are quite a few juniors in the same boat.

    Take a look at WCP for example with its cash in bank equalling its market cap AND it has around $3m worth of PAX shares. MEP, PTS a couple more examples.

    Cdchi1
    JRL Price at posting: 32.0¢ Sentiment: LT Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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