RE:Answer to JC / CMMC Sale / Taseko & Gibraltar "Values"DC Jones. People are crazy and you are absolutely right. Look at Budweiser, ie BUD. Long term extreme decline, trading at 22 times earnings with no hopes to get people to drink more beer and a microbrewery opening every day in the US. Terrible dividend yield.
Meanwhile we are valued at 20% of what we should be. The trick is to find things out of favour that don't need to get money from the market. Like TKO. self funded, great project pipeline. The copper revolution is still in it's infancy. After a very long time in the weeds we may come out in 2025. But downside until then is very teensy weensy. Explorers are absolutely pounded right now and look like a decent deal in some cases but that pipeline of placements makes profit far from a sure thing.