RE:RE:Cormark: PVG est. Earnings next year = $ 1.35 per share !In the meantime the PVG sp keeps going up and the shorts keep losing. Keep shorting so I can add more please .This is fun! miningman wrote: I cannot for the life of me understand how these clowns can continue to publish values that are so far removed from reality. AS per the source here , PVG is now at a P/E of over 100:1!!
I fully understand that for many people the P/E ratio is not regarded as a usefull mettric when evaluating gold miners , but come on peeople,, PVV would have to improve its economics by 400% to come close to KL ,or ABX . Why would you invest in PVG today with all the headwinds it is facing?? Grade problems , tonnage problems, reserve wrttedowns, large debt, ???
If you think POG or Cleo type grades are going to provide a windfall , go ahead and risk your cash. PVG has been trading at a P/E of over 70:1 for some time which to me is another reason why the shorters are doing well here.