Tibbs,GUJ is projecting to earn about $300M per year from the 2 mines by 2009 for the next 20 years or so.With a market cap of half of that, it is definitely UNDERVALUED based on their future earnings potential.Producing mining companies have a PE ratio of around 15. As you can see GUJ eventually will be re-rated to correspond with their future earnings and sector PE ratio.btw, I havent even taken into account their other assets.