AGM, page-240

As far as I know, for most mining company, PE is about 12, I also see one is more than 20. We use PE 12 for GXY, the share price should be 0.80 or so, that's why I keep buying. I know this will be achieved before the end of the year (actually I am so confident it will be achieve soon, maybe Sep). 0.80 by post consolidation is around 4.00, oppositely, I don't think it is easy to achieve, that's why I am not happy about consolidation. They disturb my plan.