JRL 11.8% $3.13 jindalee resources limited

jrl net asset value summary, page-12

  1. 1,924 Posts.
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    best case, since very few holes have been poked into 100% ground along strike.

    most buyers are looking for supply of metal, they are not explorers.

    leaving the 100% along strike gives us another leg and monetises the most valuable asset which will fund both JRL and EME to go out and find another 'Bigrlyi'.

    I would be than pleased to sell the whole lot for cash but who is willing to pay a premium for everything when they only want the most proven metal deposit? PDN fits for the whole lot but i am pretty sure the bid is from offshore and therefore most likely someone looking to secure offtake.

    i doubt there will be anything out today so monday would be the earliest.
 
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