JAL 0.88% 5.7¢ jameson resources limited

News: Jameson moving forward at Dunlevy and Crown, page-3

  1. 1,413 Posts.
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    re: News: Jameson moving forward at Dunlevy a... Agree with you Glendronach re Art sounding pretty upbeat on the BRR interview. Management are pretty conservative so for him to sound excited is a god thing in my opinion.

    I was very encouraged by his statement that the company is planning to undertake several initiatives during 2014 to increase shareholder value. Not sure what he is alluding to but a positive statement in my view.

    Sentiment - It's not necessarily bad, it just isn't good (does that make sense)?? I wouldn't be surprised to see a cornerstone investor, cap raising, J.V etc as the PFS and Dunlevy drilling campaign will require considerable funds. They have money in the bank but may need more?

    Should be plenty of news flow in the coming months. Hopefully Coking coal prices have bottomed and we see a bit of a rebound. I think the companies thoroughness with the coal quality tests could prove to be very valuable in that they appear to have a superior product at Crown Mountain that may demand a higher price, or attract attention from companies seeking a high quality product. Appears that Crown Mountain (at this stage) could be a low cost producer too.

    Interesting times ahead - would like to see this trading above 30c in the short term (2 months) with a price target closer to broker valuations of around 50-70c within 6-12 months. I think these valuations are based primarily on Crown Mountain and Dunlevy (100-150m tonne est) so any increase in resource estimate at Dunlevy could see this valuation rise substantially!!

    Good luck

    Regards

    Doyle
 
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5.7¢
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0.001(0.88%)
Mkt cap ! $34.20M
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5.6¢ 5.7¢ 5.6¢ $2.754K 49K

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