Ann: Orelia Delivers Strike Extensions, page-15

I agree, but we should keep in mind that EAR is expected to produce 100k ounces pa with $600-$700 margins (just like NST).
EAR is trading at a forward PE x 3. It is not expensive by a long shot. (NST is on a PE x 19) I understand its established etc, but the gap is rather wide when EAR already own the plant etc.
The stock is cheap and has not run anywhere near what its really worth and NST figured that part out easily enough since the flipper funds twist for pennies.
The market is handing over the keys at a massive discount sub 60c. I dont expect them to do any good on the first bid myself unless its not a knock out at higher levels. The board wont play and neither will shareholders that have stuck around. Should make for some interesting times ahead. No doubt, we will find out when the program is finished. dyor