JNR Resources Inc JNRRF

RE: This post made in August,how close were we

[megphi]

ureka, I will apologize in advance if I am inaccurate in any part of this post, but I believe you are partly wrong. The reason we are in the position we are now is because the last JV partner, Kennecott, was NOT willing to spend $100 million on the project. And of course I don't blame them. I think that the drilling results they got were good, but not good enough to justify and additional $100 million. So they bowed out and gave JNR 100% of Moore Lake back as long as JNR spent a certain amount of money ($3,000,000 I believe) over a certain amount of years (4 I believe). However, they still have faith in JNR. As a matter of fact, Kennecott owns 10% of the outstanding shares. The one point you are right about is the amount of time it is taking to get a deal. It seems like its always going to be next month. And if we don't have a deal by early October, then i agree with you that we should consolidate. I will even push for it as one of JNR's largets shareholders. I just think we should give it until then because it seems there has been an increased interest in the company.