In the mining sector, you might argue (proportionately speaking of course) that the depreciation and amortization part of ITDA is relatively similar - the tax is a bit of an unknown, while the interest bill could vary widely from company to company. In the context of BRL, they have relatively little debt, while others may have more debt than their market cap... so EBITDA is a fairly easily and reliable way to compare - so it may be that BRL, and my/our corresponding valuations above, may look 'worse' than what it actually is.
I don't think we are going to see a drop below 13 cents today, and those of you not holding but interested (in bagging a bargain) this could be a rare '2nd [and likely last] chance' to get in on the action.
xmanrocks I am also very interested in these upcoming road shows, and I still believe BRL are 'lying low' (or as low as they can) until after the election.
BRL Price at posting:
15.0¢ Sentiment: Buy Disclosure: Held
