Heck, the company has already purchased back 709,000 shares. The selling pressure is already overdone. The PE remains 1/2 or lower compared to most all other mining companies. As I stated before, a Profit is a Profit no matter how you look at it. Our PE should be on par with the others. Still on pace to get the 2.4M oz for the year.
I think most of the negativity is already baked into the PPS. I was hoping for a more enthusiastic call and a quick snap back into the $2.40 range at least over the next few weeks. That most likely is not going to happen. These guys are dull. That's their personality it appears. The price of the stock is undervalued. If silver spot rebounds, our price could gain traction and rebound much quicker than other miners.
It'll be interesting, but it's obviously taking much longer than we all hoped for.
Good news. Company Buy Backs will continue. Selling should really subside, if it hasn't already. We shall see. I would hope we can start churning up soon.