And so did the mining companies. I'm a trader, and my primary PM trade is ABX (Barrick). However, PAAS looks very undervalued here. It is near its 12 month low. All the fundamentals are extremely positive. 5:1 PE, 80% of tangible book, a ton of cash and NO DEBT. IMO it should be at $20+. Que: What am I missing on this one?