SCX only owns 5%
EME owns 53%
JRL owns almost 50% of EME which translates to about 25% of the uranium project
That means that JRL's share in the project has to be 5 times more than SCX. If SCX is worth $3m, JRL would have to be worth $15m. The capital of JRL is about $15m now but you have to take into account its cash of almost $3m and their other gold JVs. JRL would be a better buy compared to SCX
australias next uranium miner!!!!!!!!!!!!!!!!!!!!, page-2
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