pe of 1 if nickel stays at current price, page-5

Aurelius

The comments in regards to the PE of 1x for 2007 was mentioned in a news letter by Marcus Padley of which was based on a report by Keith Goode from Eagle Equity.
He stated that SMY will be close to earning their whole market CAP in 07 based on the nickel prices in late Dec.
The price of Nickel has since substantially increased.
He also mentioned that Inco (rumoured to be looking at SMY) could offer twice the current share price and only be offering to buy SMY at a PE of around 2
(very cheap)
You will have to do the math from here on.

To give you a hint of the potential read below:
Jubilee (JBM) is on a PE of 16 and the share price is over $16.00

It looks like a winner to me.