valuation, page-26

I'm with you DD. Little doubt that this will be good for $2+.

Let's not forget that Bernanke has recently become our best friend. I mainly trade gold and silver, and I'm expecting them to outperform just about everything. I expect new highs in both by end of Q1 2013, and gold to approach $3000 by late next year. That will drag up PGM prices and your estimates will look laughably low. I thought that at 70 cents and I thought that at 7 cents.

Not a lot has changed in the meantime. The fundamentals are sound, the platinum is still in the ground, and macroeconomic picture (for Au/Ag/Pt miners) keeps improving. A couple of hurdles and we're off.

Take a look at charts of such miners in the late 70s. Quite a few juniors jumped 50 to 500-fold in the big bull run. I'd settle for 50-fold from these levels! Actually I'd settle for 20-fold. Which is only triple 70 cents, and I don't believe much has changed since we were at 70 except fear overtook greed in a calamitous way.

Just hope it doesn't take too many more years.