What's wrong with my math?I figure that for each $1.00 increase in the price of silver, USA's stock price should climb by around .10. I seriously doubt that this will happen in the near term but...
If you figure 3 million ounces per year times $1.00, you get $3 mil. additional profit. Divide this by 300 mil. shares (close enough) and then multiply that by 10 for the p/e ratio and you get .10 per share.
Can't help but think that it's only a matter of time before USA takes off big time. Of course, that's contingent on silver doing what I expect. Silver's been looking pretty strong lately. Maybe it will take silver breaking through $20 before USA catches fire.
Cheers, zz