All that has happened in the past couple of weeks is that INL have made a mill or two from their holding in JRV. Nothing negative has occurred to what INL had going a couple of weeks ago. Why should a 'no go at this stage with JRV' be seen as a negative for INL. I mean, its not like INL spiked up massively on a possible JRV venture.
It looks to me that we now have a pe ratio of about 3 on current earnings. If we factor in some upgrades from processing BSM ore over the remainder of the year, it could even be a p/e of 2. Does anyone besides me think its a bit cheap at these levels?
seems a bit cheap
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