Knowing our LD and his commercial way, the existing deal with...

Knowing our LD and his commercial way, the existing deal with POSCO would have a subtext option arrangement formal or informal with POSCO set up as front runner in the buyout deal that lies ahead.

JRL’s last major success, Energy Metals spin out a decade ago which endowed shareholders with predictable riches of a ff dividend, is a precedent for an unsurprising deal with POSSCO which has deep pockets enough to lead in turn for a potential JRL return 100 fold of the EM distribution.

We all sense it but can’t quite accept yet the huge uplift in sp ahead simply as the possible seems impossible; whereas rationally, with some execution and timing risk as always, that’s to believe in.