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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: Perspective who wrote (216417)1/24/2003 12:28:46 PM
From: Horgad  Read Replies (2) of 436258
 
That is exactly where I was heading with that. I had done something similar with the PE, but your approach is cleaner. On my spreadsheet, I came up with a measure of how much the PE would drop as the POG increased. Ended up being kind of distorted and of not much use.

Of course, as you mention, there are a lot of other variables that are not being taken into account: reserves, changing costs to mine those reserves, exchange rates, etc. Everything is a moving target and this is just a snapshot of a small part of the picture.

I did however roll out of some GLG today:)
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