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
SCX only owns 5% EME owns 53%JRL owns almost 50% of EME which...
-
- There are more pages in this discussion • 6 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
