I think investors realize this stock is way overpriced in terms of the P/E ratio & unwilling to buy shares until prices come down to a more realistic 15-1......this is just my opinion......I'm merely sitting on the sidelines & have no stock in EGO....I'll begin to build a position when the P/E ration comes down. I have no inside information & I'm not trying to influence anyone.......at this point in time I have no price buy in target.
PE ratio is only one piece of the puzzle. In terms of the current gold price, historically this is under value. Look at the relationship of the price of gold and the price of this stock. Also, the book value of this stock is around $8.50 with a future PE of 13 (next year). The company has one of the best growth profiles in the industry.