jrl or eme ????

This is just a "Snippet" from the "Ferret".

Sounds pretty undervalued unless of course Energy Metals is overpriced.

Sydney - Tuesday - March 21: (RWE Australian Business News) -
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JINDALEE RESOURCES (JRL) spun off a cracker of a float last
September in the form of ENERGY METALS (EME), a dedicated uranium
company with a portfolio of advanced uranium assets in the Northern
Territory, including 53 per cent of the high-grade Bigrlyi deposit.
Energy Metals had opening sales of 61c on September 9, fell to
46c a couple of days later, but has not looked back since.
It was up 5c to $1.55 yesterday.
Jindalee shareholders received a priority application in the
Energy Metals float and Jindalee itself holds 10 million shares or 45
per cent of capital.
This means that at yesterday's prices Jindalee's shareholding
was worth $15.8 million.
However, Jindalee, after a 1.5c fall to 52.5c yesterday, has a
market value of $15.3 million.
That is, less than the value of its shareholding in Energy
Metals.
Another way to look at it is this ... Jindalee's stake was worth
just $6.1 million when Energy Metals was first listed and Jindalee's own
share price was 60c.
Now, with the stake worth $15.8 million, Jindalee is down to
52.5c.
If Jindalee's price had kept pace with Energy Metals it would be
more like $1.50.
That's not all.
Jay on the email points out that Jindalee has 5 million options
exercisable at 30c in 2008.
It also means Jindalee's price does not take into account $3
million in cash nor its other gold, nickel or iron ore projects.
Of course, rather than Jindalee being UNDERPRICED it could be
that Energy Metals is OVERPRICED.
However, unless Ferret has missed something here, the disparity
in this case seems a bit bizarre.
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Cheers markco2