i was somewhat facetious in a previous post but JRV has only one...

i was somewhat facetious in a previous post but JRV has only one asset of any real value - The future royalty stream from Bullabulling. The rest is of very dubious value especially at a time when raising funds is going to be next to impossible.

But I'm quite fearful that directors will one day sell Bulla for a pitifully small amount in a less than transparent transaction. A NPV calculation on the expected royalty stream could easily be $20m+ depending on rate used.

If JRV went into minimal expenditure mode and waited for Bullabulling, then did a 100:1 consolidation, it might yet survive.