What sort of P/E Range is normal?, page-11

Very hard to put a number on this, who knows what grade it will end up or what costs will be. The way I look at it is how many OZ are likely to be there.. This is rough as can be ,, but if there is a million OZ there as management keep predicting ( multi million that is ) then one million OZ at $1800 an OZ less $400 an OZ to mine it ( not unrealistic at the grades predicted ) gives $ 1400 less $200 all other costs ,, $1200 less 30 % to our partners gives $840 less 30 % tax leaves $588 less $88 for good measure so that is $500 million. so a one dollar SP is not a big ask, might take a year or so but that is how I value this one..