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Timberline Resources Corporatio Message Board

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  • george_arthur_vandelay_costanza george_arthur_vandelay_costanza Apr 23, 2012 4:19 PM Flag

    What has happened to the miners?


    I'm not just saying TLR...

    Look at things like IAG:

    $4 per share in cash.
    $2 per share in cash flow.
    $11 for the mining business I pay $7 for $2 cash flow or 3.5x cash flow. 2.1% dividend yield etc...I've been a big buyer between $11 and $13 but, still no love and feels like I'm the only buyer.

    This stuff has gotten crazy to where basically the businesses are more or less free and the reserves completely useless. It's the most insane thing I've seen other than fall 08 on the sector.

    This topic is deleted.
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