re: going down to 40c pirraIm a big believer in ARU (though not...

re: going down to 40c pirra

Im a big believer in ARU (though not holding) but to say that EME ground hasnt got the same potential as ARUs is nonsensical.

EME's uranium ground (in particular in te Ngalia Basin) imo is amongst the best in Australia...read govt reports commissioned 2-3 years ago and you will see what i mean.

EME has hold of the highest grade uranium resource of any stock (and with vanadium credits which noone realises) though non-jorc at moment (who cares). And the ore is easily extractable. In fact its deposit was listed as one of the few 'economical' deposits in the govt report...and that was at a uranium price around $10.

And the exploration has only been done in the resource, there has bene little drills outside the resource envelope.

EME market cap despite the price tag on the SP is only around 30 million...compare this to some other uranium wannabes that only have 'exploration' ground (so they call it) with no resource what to speak of...or an extremely low grade resource (EG DYL, MTN).

Having said taht, i sold my eme on open day at 90c.

The current JRL price is way too low...regardless of a drop in EME SP. Perhaps EME at 70c would make JRL current SP fair value.

Cdchi1