And, I do believe there's plenty of upside regardless.
Oil prices, like any other variable, fluctuate - up and down. So do tourist numbers, so does copper, so do interest rates, currency etc.
If people only asked themselves what's the medium to long term expected average of those costs over the course of say, I dunno - call me stupid - 5-10 years, which is really what we all ought to be thinking about when we put our cash up into a company, then we'd take the absurdity out of market volatility.
In the medium to long run VBA WILL make higher profits than we see today. The sooner the better, yes. But one thing's certain: it aint worth only 30c or 40c or 50c. It's above that on my valuation, which looks through all this cyclical noise.
DYOR
VBA Price at posting:
31.5¢ Sentiment: LT Buy Disclosure: Held
