RE: Analysts'''' heads up their you know whatIt's another article reporting the same thing:
"Since 2005, analysts' estimates have been off the mark on where prices have settled -- anywhere between 20% and 200% below actual values -- resulting in most mines and mining companies being "materially undervalued."
Just 20%-200% below reality. Most of us would be out on the street if we F'd up that big for that long. But not metal "analysts"! They get promoted and "atta boys" because every target they've ever set has been met. Easy to do that when your target prices are virtually obsolete the day they are released.
But the sad thing is that they've conditioned everyone to think 5x cash flow or 10x earnings is fully valued. It's friggin absurd. And instead of getting swift boots up the arse for such lame friggin analysis, they are treated as if they know WTF they are talking about. Most analysts are useless buggers, but those in the commodities field, particularly base metals, are the worst.