Thanks! Appreciate your comments and observations. I would just caution that you don't get too hung up on PE ratios. Some live by them, but historically speaking, they can be misleading. Companies that have high PEs (even forward looking PEs, which consider estimates of next year's earnings vs last year's actual earnings) might be considered overpriced by some, but one has to ask why the market has priced it so high. And conversely, a low PE might be considered a "bargain". Again, one has to ask why is the price so low? A company's fundamentals are extremely important. Next, the market gives clear signals, if you know how to read them (and I'm still learning) based on price movement and volume.

That being said, OMAG is a compelling case considering its soon to be much higher book value. Hope you join us as shareholders!