AW1 General Chat, page-3755

Actually, it is not just limited to companies that are paying a dividend or could pay a dividend. There are a variety of valuation methods available. I chose the Price to Book because AW1 doesn't generate revenue so can't use PE Ratio or PS Ratio or Discounted Cash Flow. I note, with interest, that there are many companies currently trading at a Price to Book ratio of only 3 or so. So 22 is high - most likely because the potential value in the ground is enormous - I am comfortable with it, and I am a keen holder. However if I see a quick spike I am selling. Learned my lesson too many times on the companies that aren't generating cash.

You are game buying options - especially on an explorer. Not to say it won't pay off handsomely if you are right! Good luck son.