GXY a PE of 10? The one-off sale for cash should have a PE of 1 and the rest is _just_ profitable. Anyway, PE is not a great way to value a small mining explorer/developer/producer - For an explorer, you're buying an option on exploration success, a developer clearly has a resource and value, but not yet realising value for it and a producer has a finite mine life (which varies from company to company). I agree though that when a large competing supplier has a disruption, it is generally good for the other producers in the short term... I wouldn't capitalise the gain from it though as it is a transitory event.
GXY Price at posting:
$2.19 Sentiment: None Disclosure: Not Held
