when is the takeover, page-5

At current Gold silver and Copper prices PNA is on track for an EBIT of approx US$300 million. which on current sp gives them a incredibly low EBIT multiple of around 2.

That really is quite incredible and just shows how out there this market is. Basically the fear in this market on future earnings is so out of wack with normal market activity it makes the mind boggle.

We have a company here that if you had $800 mill AUD you could buy pay the company debt of in the next 12 months and within 3 years re coup all of your initiall investment and have the next 20 years of free cashflow.

I wish buying a rental property was like that.