RE: RE: Any targets for Sandstorm? First of all, SSL has streams that have not come online, yet have already been funded from cash reserves. This is not quantified in the p/e ratio yet. They also have $75+ million in cash ready to close on a future stream(s).
Second, you do not want to be going by p/e ratio in the PM market right now. At some point, once the PM market matures (including SSL), then yes, p/e will play more of a role.
But, PM stocks are, and will continue to be driven by emotion in this fear-driven environment. You can't quantify emotion in a p/e ratio.
As gold continues to rise, world economies continue to face turmoil and uncertainty, emotions will continue to run high. Fear of currencies losing their value against real assets is driving PM prices now, and will continue to do so for the next several years IMO. Since the economies of the world are running on the fumes of currency creation, the primary assets that will benefit long term are precious metals.
I invested in Cisco Systems in 1992. Their p/e ratio at times was crazy. That's what caused me to sell much to early. If I hadn't let p/e ratios dictate my investment, I would have multiplied my money by a factor of 200. I realize that SSL is not CSCO, but the lesson is the same. Emotion ran the internet boom, and emotion will run the gold boom.
The true key will be knowing when to jump ship.