Jindalee has a A$11m market capitalisation, with a portfolio of properties in the lithium, nickel and gold commodity space. The 100% owned McDermitt Project in the USA has been receiving the most attention, and in 18 months from acquisition as a greenfield exploration site, has reported a maiden resource of 1.55Mt Lithium Carbonate Equivalent, with an exploration target that remains larger. Comparable ASX listed companies are trading at market capitalizations of A$30M to A$300M. These companies generally have completed scoping/PFS/DFS studies that provide the market with specifics on project scope. if Jindalee can provide this level of information to the market, we would expect the share price to be re-rated.
