RE:Valuation It would not surprise me if cash flows from the PM business this quarter are twice that of the properties line of business : it was already the case last Q . And you have to add the interest from Mene.
Mr market has always evaluated the core business of xau as nil , nada , zero . Big mistake .
And cherry on the cake , imagine , if RS was able to offer loans to their clients backed by their pm holdings ! The philosophy of xau would change.. but ... !!
We should hit 55 cts this Q as earning .
And as we are Virgin -) from now , what about the 300k income tax every Q ? Are they disappearing - ? -))