It will be interesting to see if JS or someone else sells down...

It will be interesting to see if JS or someone else sells down again. There aren't many available and there is a huge jump between 6.4 and 9.4.

That 180k at 6 joined with another 60k (which was at 4.9 but moved) look to be the only wall now unless said people dump and destroy the price again.

Given a company like VMT is sitting at a PE ratio of about 9 times, which I still think is well below their potential with 22 being their sector PE average, if we use similar calcs we can get an idea of what to expect.

Using the expected quarterly figures, it annualised to $11.48 million, so I'm thinking $8 mil (after tax) profits, so 8 * 9 = $72 mill market cap. Currently we are about $40 million.

Now, of course the zinc price has increased giving a $7.5 mil annualised bonus, or another $5 mil (after tax) profit... Or 5 * 9 = $45 mil addition to market cap.

And naturally, with stronger zinc prices in play, it could add another $33 mil, or $23 mil (after tax) to bottom line.

Low range: $72 mil, or 8 cents per share.
Mid range: $117 mil, or 13 cents per share.
High range: $279 mil, or 31 cents per share.

And finally, like I said, given VMT is nowhere near its sector P/E ratio, there is still more to go. My main point is, from the current valuation, as long as we don't have that damn seller offloading, we are up from here.

;-)

PS -Sector valuation for CSD is a 12.68 P/E ratio. Market is currently 14.41