Query on JAY4 Dec 2017 09:17
Hi All,
I came across JAY while looking at Alba Resources and have been researching it as a bit of a tangent. My main holding is in Angus Energy (which is wildly underpirced and well worth a punt now for a three-bagger by end of Q1 2018 btw) and Alba has some cross-over investments with Angus and, obviously with Bluejay.
Anyway, my questions are this:
a) How much of JAy's market cap value is made up of the Dundas project (my initial feeling is most of it but wanted the advice from some experts here)
b) Since Alba have the Heavy Metal Sands license adjacent to JAY in Greenland, do you think it is likely that JAY may want to buy the licesnes from Alba? Alba's market cap is only �9 million so IMO it would be a possible acquisition to double the license area for JAY.
What are your thoughts? Thanks for any input you may give me. I will be busy researching this myself but thought that this may give me a bit of a short-cut or at least point me in the right direction and save me some work.
best wishes,
HR.