RE:RE:tko and cmmcIts all about the Q3 financial statements.
In any commodity bull market, serious money starts with the big names, than starts to move down the scale to the smaller names.
They are looking at earnings and cash flow from recent quarters to guide their analysis.
NPV and Asset Value and future potential does not get much attention until later in a commodity bull market. Usually about the time the bull market is about to die, all anyone worries about is the future value based on higher commodity prices....