Great company, but they wont fetch a decent PE unless they can increase reserves or start promoting a 'growth' campaign.
This co is a gem though
itll make anywhere form 15 to 20 cents a share in the next yr; PE will be modest at less than or equal to 5 though in the short-term until they come up with some 'sexy' news.
PE will only be high if the company has management that is reputable for being big deal makers and making big strides.
I dont see TFE making any takeovers soon or making some bold moves to build the company.
its too early anyways
Good EPS forecast though, and even with low PE , its still undervalued.
I reckon they MUST increase mine-life and undertake an agressive drilling campaign post first production mid year!
still undervalued though.
TFE Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held