How can JBM make $95 million profit and be on a PE of six? It's absolutely crazy. It hasn't happened in teh past during base metal booms.
Unfortunately this time the boom prices have not translated to a proper stockmarket boom. Price rises have been pretty much insignificant compared with a boom market. There were even far better price rises in 1993/1994. Eg. compared to now base metals and gold shares were booming. And gold also only briefly touched $400.
JBM Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
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