Mate with a PE ratio of 46.9, RMS is no bargain. At least DCN...

Mate with a PE ratio of 46.9, RMS is no bargain. At least DCN have metics we can measure their progress against. RMS has mines and undeveloped resources in geographically disparate locations many of which have no published plans for investors to see how resources will be exploited, ie many of their developments aren't properly costed. With a profit for the half year to Dec 2018 of $4.8 million and a market cap of $560 million they have become an excellent short proposition IMO. The same funds that have been buying RMS since their introduction into the ASX 300 will be dropping them like hot potatoes when they see the quarterly print and the real full year PE ratio is printed after June. As posted on the RMS thread RMS would need to break full year profitabilty records in the second half of 2019FY, (ie make a higher profit in the second half of 2019FY than it has ever made in a full year), just to pull their PE ratio down to the ASX average of 15 from where it currently sits at 47 on a half year implied basis. Typical bubble markets, as soon as the big end of town is allowed in, they inflate valuations to insane values and the bag holders end up being the poor superannuates and passive investors in ETF funds that have no idea of what is happening at the mine face.Esh