I think you'll find that PE will be significantly different in 12 months. Trading gold stocks (or any resource stocks for that matter) on PE is more of a risk I'd say, it's quite meaningless when some commodities rise 200% in a little of a year and a company is unhedged. (Not saying LHG is completely unhedged). Or if a company is not even a producer yet, or if a company is part explorer, part producer etc. etc. just saying that PE isn't the be all and end all.. And Yes - I know what you mean about tgian's comments... I find it a bit of a laugh tho, just funny that they're so passionate about it - maybe they have a very large geared position on LHG.... if so, hope it all works out (I think it will), but can't imagine what tgian will do if LHG drops another 5%....
LHG
unknown
