comparative value, page-9

Cloudnine,

I agree. I also hold MEL.

I tend to start with a growth sector like CSM, then look for good buys within it.

And you have a point. They are all looking to expand their resources, and all comparisons are a moving target.

The key difference with ESG is:

(1) their reserves are about to QUADRUPLE.

This is not a incremental change. Its value is about to get an order of magnitude larger... and the share price is moving in tiny increments. So clearly the market has not anticipated what we all know is coming...

(2) ESGs size makes them a prime t/o target for the big boys, and as such justifies a higher metric.


But I agree. ESG is not the only bargain in the sector.

Y