ERM

When I bought this stock some years ago, the gold processing plant that it has on-site was worth more than the company capital stock. So, for a while, when DH included it in his portfolio, it was doing well.

And when he jettisoned it, it continued to do well. Then, the market no longer liked it and it started to crumble to near my average buy price. It didn't take long before a big boy came into the scene and started funding further exploration. Since then it has moved up by 150% for me.

When you work out the arithmetic for this stock, you can see into the future that it cannot remain low. Based on the similar logic, LSA is doing well but has been getting dilutional effect from placements. Its PE ratio was below 1 when I topped up last year. In case, you don't understand PE ratio, you might like to know that very few small miners have any earnings at all!!!