$4 per share in cash. $2 per share in cash flow. $11 stock...so 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.