Thought I would post an updated summary of JRL's investments and...

Thought I would post an updated summary of JRL's investments and their value, compared to JRL market cap:

This is at 11.15am 26 August.

Energy Metals (46.8M shares) - $38.4M value at 80c SP
Great Western (GTE) (2M shares) - $80G at 4c SP
Alchemy (ALY) (9.8M shares) - $2.5M at 25c SP
Uran (URA) (2.5M shares) - $100G at 4.6c SP
Anchor (AHR) ( 1.2M shares) - $100G at 9c SP

Cash in bank: $900G

Total asset value: $42M ($1.25 per share)

JRL Undiluted mkt cap (@ SP 60c) : $19.6M (fully diluted: $20M)

I have not included any value for its own exploration projects, however if we gave it a notional value of say $3M, that would add another 10c to its total asset value per share.

Given JRL actually has more shares in EME (46.8M shares) than it itself has on issue (32.8M shares)it is obviously highly leveraged to EME SP, both on the upside and downside.

Cdchi1