RE: RE: RE: RE: ......$1450 gold.... I said it's a "historic" ratio. Nobody knows what's realistic in a panic-gripped market. In a normal market, yes, I think EDV deserves 10+ EV/CF. They are in risky areas but they have multiple mines and a nice growth profile, with a 30%+ increase in production coming next year. Anyway, it was you who said their numbers at $1450 are ugly but they don't seem ugly to me. And even if the Au price drops to 1300 next week, I personally not going to worry: gold had huge drops in Sept 2011, Dec 2011, May 2012 and bounced right back. As long as central banks keep printing money and buying gold, the demand will be there. JMHO.