A2M Strategic Valuation, page-50

turnarounds always look darkest before dawn.PE multiples are the most difficult to apply during this period.Secret for resource companies, buy on HIGH PE's, not low PE's. Why???A2M more complicated, but finally hitting a share price where debates can occur. For a long time, I couldn't construct a fundamental value that would have justified a valuation in the past.(Hence why i was never on A2M prior to recent times)Now its merely uncertain. But uncertainty creates opportunity. In fact correct me if I am wrong, but the Chinese Characters for opportunity incorporates risk. ie there is no risk without opportunity. Chinese: very smart and intelligent and its reflected in their language.