>Sprott and john embry say that buying companies at 2-3 times operating cash flow (not FCF) tends to be a winning proposition. and TRY fits that proposition.
LOL no offence however if you went by a P/E of 2-3 like what you have stated above then NCM (Australia's largest Gold mine would be valued at 6 times less than it's current price.)
I hate to say how wrong you are.
Please show me a Gold mining company that has a P/E of 2-3 at the moment because I seriously might consider investing in to it.
You won't find one though.
TRY Price at posting:
$4.54 Sentiment: LT Buy Disclosure: Held
