VALUATION IS ABOUT MORE THAN NUMBERSIf it was, stocks would trade at their target between news releases, because all 'data' would be in the market.
No, its about execution, and EXM has plenty of ??? marks.
If you fall into the camp of 'this market doesn't value juniors' then you will never understood why KBR doubled since Dec 07 and EXM dropped 40%.
If EXM is so great why does Bob Moriarty profile YLL? EXM is twice the size.
KWSThis is not a stock I'd be in a hurry to buy. I mean, when is the financing and what is the price?
When gold bottoms, I will pull up EXM and maybe buy, maybe not. I expect something in the high teens
And that means buying here is 20% overpriced
But YLL is doing well. BPM is looking strong