undervaluation I too am amazed at both the longevity of the undervaluation and the severity of it. Discounts like this should be temporary. Dunno what their IR is doing? Gotta be a way to get some exposure. Would love to pile in some more but seriously wonder how many more years they can remain at these prices even with improving fundamentals and eps.
Been reviewing people's comments on the mengapur deposit. People's totals are all over the map-- CEO says $7.5B of copper last year, so that is between 1.9B-2.5B at $3-$4 copper. gold has been estimated at 3.3 M oz by someone to low 1's. What gives? Is it recovery rate differences? Also, is it presumed that recovery rates will be vastly improved by 2013 technology vs 1993 technology?
Odd, we should all be buying this out our ears, but the complete lack of historical price appreciation gives one pause. Board should be devoting some serious company efforts to gaining mucho exposure.
As far as the still planned dilution, I sure wish they would completely scrap it. Entirely disagree with it owing to their enormous profitability. Ending with 500+M shares is terrible for such a profitable company.
What is exciting is the exploration upside still remaining in Malaysia. i love their countrywide survey efforts, may uncover multiple deposits worth pursuing.
Share price dead in the water, pe of 2, what a puzzler short term. Also worry about long term copper pricing with a presumed western world banking collapse. China's building boom would seem to have numbered days, so my copper outlook 5 years out could be pretty grim.