RE: RE: RE: RE: RE: RE: MMY News! P/E ratio now 3.Just to show you what can happen in a market like we have now.
Several years ago Orvana (ORV) was trading at 50 cents, had 80 cents in cash, no debts and outstanding shares/warrants and made about 10 cents per share/yr. It went even for a short time below 50 cents and this lasted a year or more. Mind you their mine was to shut down in 2 years because running out of ore.
It could go to the year's low if market gets worse no matter how much money they make.