consolidation, page-13

"KGL’s acquisition is already an outstanding bargain and still has plenty of exploration upside."

You'd hope so. If it is already priced in then we are screwed.

It was obvious at the time we made the purchase, that it would take time and patience before value was added. Just sitting on it is even adding value as commodity prices rise. Spending money on recommissioning will add value and in a cheap way using sencond hand gear. Drilling to prove up the resource. All value adding.

History will probably show it wasnt a bargain from day one, but in the long run it will end up a huge bargain. In some ways thats all that matters.

Would be interesting if we split Jinka up and sold individually or as a whole, how much we would get. Clearly not much is factored into or market cap.

Market cap = Cash + Jinka + Andash.

Really hard to know if more weight has been put on Jinka or Andash. The recent focus is probably Andash. But still plenty more upside from both.

Jinka proved a settling influence. It was around the time question marks started to surface about Andash. Without Jinka we would have fell to cash backing.