jrl holds 9.8m shares of aly, page-5

Actually should be about 57 million dollars all up using a price of $1.02 for EME. Add to this:
Alchemy 9.8 million shares
Uran 2.5 million shares
Great Western 4.9% holding
Anchor 1.2 million shares
Excise of 2 million options $900,000 in the assumptions and you get close to the 57 million mark.
(Around 35 million shares on issue with the assumption of option excise).

P.S. Doesn't include any prospect valuations or free carry of certain permits!! I'm hoping that JRL holders if the t/o of EME occurs will receive a cash back offer which could go quite close to the $1 imo!! (Mere speculation but let's wait and see)

Really should be around $1.70 imo currently 93 cents!!

Please do the usual.