JBM jubilee mines nl

How can JBM make $95 million profit and be on a PE of six? It's...

  1. siameseparrot
    24,765 Posts.
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    20/08/04
    14:41
    Post #: 554193
    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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    lightbulb Created with Sketch.  Great analysis
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