"It will take a rally of monumental proportions to save the penis of John McAfee" - Zerohedge, 2017
The morans selling RIO.to in early December clearly did not do the math.I think the company deserves a p/e ratio of at least 7-8 as things stand today. An extended oxide mine life and/or an impressive IRR for the sulphide part will justify a higher multiple of course.I now see 1.82 on my screen, I remember RIO.to trading above 2 CAD before production even begun. I guess that is what sentiment and gold price can do to your PPS.Maybe the company should be a bit more aggressive, print some paper once the PPS has recovered and buy a decent property at cut price?
Could be a reason:http://www.bloomberg.com/news/2014-01-02/itau-hunting-bargains-in-peru-after-world-s-biggest-stock-plunge.html?cmpid=yhoo