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Strategies & Market Trends : Strictly: Drilling II

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To: longdong_63 who wrote (19990)10/8/2002 1:17:00 PM
From: Louis V. Lambrecht  Read Replies (1) of 36161
 
None. This is if you take the deflation hypothesis, all assets are to go down.
Have been (too losely) working om another hypothesis since the July correction: what if the miners were to be priced at a 3-5 EPS multiple as any other company in the mining industry?
Sub $300 PoG prices are not purely rhetorical.
This is, after this market bubble is over and the NYSE trades in the historic 250k volumes again.
How much are you willing to pay for "probable" ounces in the ground at grams/tons ores? Or forget it in the equation?
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