Whilst many of you wish to discuss what I consider useless...

Whilst many of you wish to discuss what I consider useless topics (oh look at me I'll buy at 66.25c as opposed to 68.895c), I thought I would add some interesting food for thought:

Valuation Metrics - recent takeovers and holdings
- Xstrata's offer for jubilee (friendly deal) the offer appears full on PE 16.5x and EV / Reserve t US$21.15/lb.

- JBM has always traded on higher multiples (generally 20-30%) than peers based on exploration upside and the high grade nature of deposits.

- MRE: Last week Glencore increased its stake from 50.79% to 52.11% via purchase of 5.1M shares at between A$5.30ps and A$5.80ps from Sept 13th to Oct 22nd (average entry price A$5.64ps). Evidently Glencore think MRE is cheap at those levels.

What does this mean for AGM?

What EV / Reserve valuation applies?

What potential PE valuation do you apply?

Variables when comparing it to Jubilee and MRE: exploration upside, quality of Nickel…..etc

I could rattle off some numbers, but it would just be an opinion and mean nothing....or would it? Muahahaha (evil laugh) hahhahahahahaha.........

TheGimp