I did some calculations a few months ago and I estimated that TIE was on a PE of about 2 for the first year of production and I was not using optimistic assumptions. With POG in $US lower, higher SP and maybe expenses higher it may be on a PE of 3 at worst. So a SP of $1.70 the PE in first year is closer to 10 which seems more sensible.
I really cannot understand why TIE SP is so low.
TIE Price at posting:
58.0¢ Sentiment: Buy Disclosure: Held
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