It's good to see that you are just realising that Petra is a tad undervalued. They currently trade at a multiple of around 2.5 or 3 times expected 2003 eps. How cheap is that by comparison to say Dwyka or Firestone? Then if you factor in the 2 expected imminent acquisitions, one of which is of a similar size to Vaal and Orange Rivers. Then when you consider the hope factor of Alexkor which could in itself generate 50p eps for Petra if they are successful in the bid, you'll realise that Russ may well be correct in his £1 target by the end of January.
