I think that gold is going a lot higher and the PE ratios will follow suit.
Many of these small and medium cap mines are going to hit ridiculously high PE ratios in the next couple of years.
I would not be surprised to see BDR at $2 inside of 18 months.
Add some good drill results, production targets exceeded, higher gold prices, and an unexpected acquisition which I'm expecting and we'll be there before you know it.
Things have a way of ''getting on a roll''.
Cheers
Ivan
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