EQX 0.00% 13.5¢ equatorial resources limited

a trend reversal, page-3

  1. 269 Posts.
    EQX is looking like trading at a PE of 2.5X FY'10 and that's if they don't go ahead with any other projects. There appears to be almost no chance of the price of coal going down over the next two years at least so at one stage it's going to look exceptionally cheap. At the very least it can't trade much lower than this.
 
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