RE:RE:Irrational market I guess it depends on how you define bashing. To me, he was presenting a thoughtful alternate analysis of value, while the guy who posted the mindless "no gold and tons of debt" comment with zero rationale behind it, was bashing. The way I see it pumpers and bashers post content-free drivel that is aimed at moving the price in the direction they would profit from.
The original poster in this thread was comparing two different markets - the market for small producers, and the market for explorers. I can see his point, as I own some of each, and it appears to me that they are valued very differently by the market. Producers are valued based on cash flow, profits, balance sheets, the life of mine implied by the reserves, etc. Explorers are valued based on potential implied by drill results. Any exploration potential in a producing company tends to get overlooked. I could name a couple of examples, but this is not the place.