RE: RE: RE: RE: RE: Another stream coming online s Pre-production companies are forced to dilute to raise cash. Once the company starts producing and is cash flow positive, there is no need to dilute anymore to raise cash (except for major expansions). That's why the best time to buy is after all the dilution has been done, right before production. Royalty companies are already priced at a premium with high P/E because of the advantages. SSL didn't always have a P/E of 67, wasn't long ago it's P/E was in the 30's. For SSL to double in share price in a month's time, it's P/E will need to rise to 120. To keep the P/E in the 60's, the earnings will need to double at the same time. A royalty company like RGLD seems to have settled to a 60 P/E. Just saw FNV P/E of 363 lol. At what point does it become overbought? P/E of 1000? 10,000? Or are you saying P/E and earnings don't matter at all. A lot of people during the .com tech bubble were screaming earnings didn't matter.