Yes entirely possible. A high PE stock with an underlying commodity exposure is more sustainable than an industry based on market share. I suspect like any highly valued stock we have seen this quarter, a p/l report that disappoint will see instantly a big haircut.
Before we go fantasizing on $2000 oz we need to get over 1400 then 1500 first.
NST Price at posting:
$4.75 Sentiment: Buy Disclosure: Held