yeah, 83 cents per share profit, price of $17 puts them on a PE of 20.4 which I'd say is a bit pricey.
unusual to have a miner which such a high PE. I've been shorting NCM which has a huge PE right now, proving to be quite a profitable trade.
i guess we'll have to see what the market does with this one, may pull back to $16
JBM
jubilee mines nl
