undervalued gem, page-40

Further reiterating my point, the only reason this company is interesting is that the market cap is very low relative to the potential valuation on even minor successes. Aje producing is as good as done in the oil game, once it's declared commercial and throwing out the figures that the project has thus far (check the drilling of the Aje 1 Aje 2 and Aje 4), it looks to be above a 90% chance to produce. This project alone would underpin a market capitalization of say 60 million dollars (20 million free cash flow times by three). Thus every other project gets thrown in for free.

The Jacka resources team are following one of my favorite business models, that is get in early, add some value, then farm out while keeping a bit of the upside. The whole Somaliland transaction is the pure essence of this business model, where minimal amounts of equity can generate massive returns.

The risk is most definitely there, both operational (exploration is always risky) and political (some parts of Africa are always unstable).

A high risk high reward type play with some decent newsflow over the next month, and potentially company making newsflow over the next year, backed by management who have done this before.

Source: I went through every single one of their announcements since listing, the only 'negative' I can see is that they've gone from a 20 million share company to a 247.5 million share plus a bunch of options, but that's to be expected in assembling any portfolio of exploration assets.