5hareholder,
why do you take BHP o RIO as a PE comparision example and not Inner Mongolian Baotou Steel REE High Tech Co which is around 17,80?
Anyway, I guess we could enjoy a range as follows if Mont Welt REE prices stabilize around 65$, and a scenario of a smooth recesion in Europe, flat US; and growth in the Asia pacific region; (just an opinion):
31/12/2011: between 2.50$/ 3.00$ (if pre-operating license is granted)
First quarter 2012: 4/6$
Second quarter 2012: 8/12$
A market cap of 20MM$ is totally reasonable for a company which such an expanding perspective.
Good luck to all.
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