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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: energyplay who wrote (75915)	12/5/2006 8:48:52 AM
From: Ed Ajootian	Read Replies (1) \| Respond to of 206177

energyplay, Gasco Energy (GSX) -- any idea what's up with that one? I had thought the commodity price players were bidding it up, but when it kept marching onwards & upwards yesterday, in spite of the crash in natty prices, that put the kibbosh on that theory! GSX is now selling @ 100 X next year's earnings. Granted, resource plays, especially in their early stages, don't trade on earnings, but theoretically it would seem that at some point earnings should come into play with respect to a stock's valuation.