P/E ratio of below 1Using the production levels of page 29 of Orvana's March Presentation.
https://www.orvana.com/investors/pdf/orvana-corporate-presentation.pdf
Orvana will produce 120,000oz of gold, 750,000oz of silver and 14,000 tonnes of copper in 2012. Using todays closing valuations for gold, copper and silver. Orvana is set to earn over $316,800,000 in 2012. and roughly 70% or $221,000.000 in 2011.
Orvana will have a P/E ratio of below 1 based upon todays closing price in 2012 and roughly 1.5 for 2011 based upon todays closing price.
Does anyone know of another company that compares. If you do please let me know so I can buy in.
Looking forward to good things.