not worried at all but getting excited, page-12

For those who asked about my SIMPLIFIED calculations :


General historical P/E ratio is 15:1

Simplified :

Lower end : 1m oz at $30 ( $15 profit )
1.5 billion shares, 15 million profit = 1c therefore sp should be at 15 c once that is confirmed

middle :

1.5m oz at $35 ( $ 20 profit )
1.5 billion shares, 30 million profit = 2c therefore sp should be at 30 c once that is confirmed

upper end :

2m oz at $40 ( $ 25 profit )
1.5 billion shares, 50 million profit = 3.3c therefore sp should be at 45-50 c once that is confirmed

I hope that makes it a little bit clearer what we've got today. Anyone who thinks that is just pocket money, go buy BHP. But I doubt BHP' sp will double in a few weeks time.


Current PoS about $ 36

Therefore I think current sp is undervalued. But the only way to make big money for those who aren't always lucky, especially by chasing a rising sp, is to buy undervalued and sell at overvalued.


Those who are concerned should sell now at 9c and buy back at 15c when uptrend is confirmed. I buy more when sp falls further and sell some when sp goes upwards. That is the only way I make money and have never heard that the opposite way is succesful.

I am convinced that this is a great company and will be happy to buy at 8c or lower instead of at 20c.

DOW futures down, maybe tomorrow we will see sp pushed into 8c region. Bring it on, sell them cheap to me.