huntleys valuation, page-8

Huge fan of CMR, but anyone that talks PE for a mining stock doesn't know how to value a mining stock. If PE of 5 and only 2 yr life means LOSS. Likewise, if 40 yr life and 6 PE pontentially way undervalued - VALUATION 101. Do you the NPV with appropriate risk probability/discount and you more likley to have an appproriate risk/reward balance as no-one can predict all the risks but at least appreciate them, and the upside is huge. PE is meaningless!!!!! If sulphides not a goer, hugely overvalued, if suphides goer, huge upside - $10 plus. As for charting, well!!!! - spare me. If the NPV aint there means didly swot, unless luckily enough to make a short term trade.

Oly, love you work and knowledge but charts and PE?!!! well. Focus on the NPV and stick to that story as that is the only thing that counts. Oxides counts for credibilty, but minor in terms of NPV. If chinese say lets go on Sulphides well, show me the money as $20 (2010 plus) he we come!