Not all deposits will be economic. (no s..t sherlock)
& BMN is one of those according to some broker who is professionally prejudiced against it (well not FOR it in any case), and has a poor track record.... grain of salt.
Yesterdays metrics for valuation (pre GFC etc) are redundant...... agreed.. please everyone agree on this.. each deal is an individual situation between different parties and garnering value from comparing specific deals is worth something only if they are similar parties to the deal and goods (deposits) being traded are similar, even a mean value of all deals is of questionable value (all IMHO naturally)so most mugs like me should not be swayed by the comparitive argument without thorough explanation of those suggesting them... aka take them with a grain of salt..
I'm with you DT... re Tibbs & BMN.. it'll do OK but.. the market for U can be sidestepped by consumers taking stakes in producers, which is IMHO the chinese way, esp with large devaluing US$ foreign reserves. Locking in supply at whatever cost as its a small part of a consumer (energy producers) operation makes perfect sense... I see this as what Dattels & co must have as insurance on their punts.
EXT Price at posting:
$9.05 Sentiment: LT Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)