JNR Resources Inc JNRRF

RE: fair value

[MLEMC]

The valuation of JNN versus IUC CANNOT be done simply by taking the price of an IUC share and dividing it by four! IUC's assets not only include the joint prospecting play with JNR, but many other assets including licensed (but de-commissioned) mines in the USA, one of only two licensed processing plant in the USA not to mention their joint arrangement in Mongolia, etc.etc.etc.etc. Neither JNN nor IUC are one trick ponies. JNR lists in their June released MD&A the following exploration properties: North Abaska Moore Lake Lazy Edward Bay Pendleton Lake Bell Lake La Rocque Lake South Cigar Black Lake Greywacke Claims Way Lake Cracking Stone Rocky Brook Kelic Lake South Dufferin North Wedge Come to your own conclusions but I think focusing on one development initiative in accessing the value of these prospecting partners would be an ill-spent effort. Fair disclosure , I've held both JNR and IUC for over a year and a half.