FNX vs ISM
posted on
Dec 20, 2008 01:56PM
I keep looking at potential switching ideas of all stocks I own. Wondering if a new horse might have more upside when (a big when) things do turn around. I'm shocked to see someone like FNX is only worth $2.60 a share these days. That's only 5X more of ISM share price. I find this interesting as FNX is still a producing company (so far) and yet ISM is still an unknown large resource explorer. Even though both companies fell hard with all the rest of the carnage, one would think that one of the largest independent miners in Canada would only trade at 5X that of ISM, would be worth a lot more. Or should ISM be trading at a lot less. Since it is not I would think the upcoming resource and scoping study might have something to do with that. I don't think we'll see anything before year end, so pass the eggnog. Maybe skip the eggnog and just pass the spiced rum.