Per JRL?s website the objective is:- value of those assets before ascribing any value to Jindalee's high quality exploration projects, thus providing shareholders with "free" exposure to the Company's CONSIDERABLE EXPLORATION UPSIDE. Jindalee has no debt (As at Dec 30 JRL had $33Mil in the bank. AHR?s market cap is $8.8Mil)and with exploration on core projects being funded by partners, low overheads, a "lean and mean" approach and a tight capital structure the Company is well placed to ride out the current downturn and take advantage of opportunities that may arise.
Interesting new development.
http://www.jindalee.net/#
AHR Price at posting:
23.0¢ Sentiment: LT Buy Disclosure: Held
