FYI boys. The only valuation that can be placed on JAG will come from the listing price and subsequent market for Corona when they IPO and come on to the TSX.
JAG should then be valued at around 20% of Corona's market valuation at least until JAG come up with some other reason for revaluation but that looks very doubtful.
If Corona IPO at 20 cents JAG will be worth around 4 cents if they market at 30 cents then JAG should be around 6 cents. No science but clear indication. Corona will ultimately be valued by the drill results from Queenstown.
Now what do you think Corona will IPO at and what's its market price.
Mmmm.
JAG Price at posting:
3.5¢ Sentiment: Buy Disclosure: Held
