Post by
cupricity on May 22, 2024 4:09pm
Tree shaking.
Lots of volume, lots of traders, and some needed consolidation today. On TMX money our current PE ratio is 12.5 which would be a 4.00 copper price and 1 mine running. Still very cheap. Lots of money to be made and the larger players are paying attention to this stock. As we approach 5 dollars US there will be some significant buyers coming online. We are trading at 7 times earnings on Gibraltar alone. Florence will be making 350 million US or 500 cdn on florence alone in 24 months likely. That's 2 bucks a share profit. 4 bucks is too cheap to sell.