Boondog,
The problem is that the PER of 4.05 is based on historical data.
At current price of nickel (if it stays where it is or goes lower - and LME stocks are still at historically high levels), eps will reduce dramatically from 40 cents eps. If this happens then the divvie will also reduce as well.
May well go lower as all nickel stocks are in free fall atm, which is why I am out.
pitiful, page-24
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