If you're looking for a stock that has the potential in the...

If you're looking for a stock that has the potential in the right market conditions to perform brilliantly, then it's worth looking at Jindalee Resources.

This is a tightly held stock with exploration areas at the right addresses such as Mt. Gibb "southeast along strike from Western Areas Flying Fox and Digger Rocks sulphide nickel deposits.." (Annual Report 2003)

One of the keys for purchasing a good spec. is the quality of Management. Management of Jindalee has a proven record of exploration success. I quote from the annual report about their Chairman Donald Ross Kennedy:

"As Managing Director, then Exploration Director, of Resolute Limited he was the leader of one of the most successful exploration teams in Australia leading to the development of gold mines at Marymia, Chalice, Higginsville and Challenger in Australia...'

In the letter to shareholders in the Annual Report Donald Ross Kennedy noted:

"With our strong tenement portfolio, healthy cash position and tight capital structure Jindalee is well placed to capitalise on the revitalisation of the exploration sector. The coming year promises to be an exciting period for shareholders."

It's worth noting that in a Change of Director's Interest report to the ASX on 24th. October, Director Lindsay George Dudfield indicated that between the 21st and 24th. October L.G. Dudfield ATF, LG Dudfield Pension Fund acquired 275,000 shares in Jindalee for a cost of $97,225. That works out to be an average price of over 35 cents a share.

There are only approximately 18,500,000 share and 8,500,000 options listed. If the market decides the company is worth $30 million, $50 million or $100 million you can see what could happen to the share price.