RE: share price scott9 Hey scott9, as I pointed out, my share price calculation based on earnings multiples was a very conservative 5 x EPS = $ 0.65. The industry average for producers is in the range of 10 -12 x EPS, so double.
I think, we have to be very conservative here, exactly for the point you mentioned. XBR is a penny stock and therefore wouldn´t get the "credits" of the major producers,which are seen by the market as probably more "reliable". That´s why I think, a more cautious 5 x EPS would be applied to XBR by the market.
Still that would be nearly a 4-bagger from today´s levels. Not bad, I would say. Plus dividend !
FANTOMAS