cu & ag, page-20

re: pe querie fot miningnut, rosco or flats. One area I remain uninformed about is ramifications of AVL's low projected PE.

Say a PE of 4 later this year based on Flats "back of envelope" projections.

What PE ratios would be considered as "normal" in Canada?

An obtuse question but a general informed response would be appreciated.

And would also assist in anticipating the impact of Canada listing.

Cheers

NT