Fundamentals, page-106

Yes mate I agree. Re-reading my post I wording that poorly sorry, I guess what I was trying to say is comparisons are great, and obviously are a great indicator for bench marking, gauging appetite of the market we are in, seeing trends within sectors, etc. - it was more so a comment to myself following those numbers I threw around that comparisons are okay as an indicator, but when we try to seek absolutes in those comparisons, the rabbit hole is deep and it's never an exact science.

So having said that, take my comment with a grain of salt, didn't mean to imply comparisons were a waste of time, rather seeking the granular comparison can often be misleading - so I think last nights post may have been fueled in part my Ks post as well as my own.

Anyway - will we ever have an exact comparison to WAF and extract what our PS "should" be as a result, no. But it cannot be ignored that we are trading in a market where spec money, and gold money, is flowing to the tune of $200m+ valuation of them, so now that VEC is de-risked it's a great macro indicator for the potential upside here

Again mate WAF was a good find and comparison and I'm sure there isn't one person here that doesn't thank you for sharing... except perhaps WAF holders