The only thing that would be silly, is to assume success on any of their projects. It's a high risk game and even the POS on an appraisal well like HW3 is maybe a little over 50%.
What i do like about Jacka is that mgmt have gone about their business and perfomed EXACTLY as their corporate strategy purports. The projects they have acquired are at varying development stages, providing a diversification of exploration risk, with some early cash flow (hopefully, Nigeria). Importantly, for the number of potentially game changing projects they have acquired, the # of shares on issue bodes very well for shareholders if just one of the projects is successful.
- Forums
- ASX - By Stock
- JKA
- undervalued gem
undervalued gem, page-4
-
-
- There are more pages in this discussion • 53 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
MTL
Mantle Minerals' Nick Poll talks to HotCopper on finding gold grades up to 3.57g/t at Mt Berghaus
GML
Gateway Mining sells WA Eastern Montague gold project to Brightstar for $14M – half of that in shares