The reported results are from Corona's first drill hole that appears to have missed the target.
Corona has drilled two further holes which may have been more on target. Corona IPO could be out within the next month or so and it would be logical for any results from the two outstanding holes to be announced closer to an IPO date.
100% of nothing is a poor result but 20% of something potentially very special in Tasmania is a valuable 20% for a $2.5million market valued company.
I would be very surprised if we don't see 4 - 5 cents for JAG in the near future. Gee that would give them a market value of $5 - 6 million. What would 20% of Queenstown's long opersating copper and gold production be worth?
JAG and Corona have about 45 km of potential red hot copper, gold and rare earth minerals to test in a proven min eral rick region. I like JAG.
JAG Price at posting:
2.9¢ Sentiment: Buy Disclosure: Held