Brendon..ASX 200 is irrelevant. We are talking about a 10 year resource at 1.7%. The first stage only. I am not sure what PE you would apply to the low grade areas but it would be unlikely the market would fully value the first stage by 10..unless off course the grades have been grossly understated..
I read some time ago that RIO had a PE of 15 yet resources equating to 30 something years. I cant remember the exact details but a PE will include risk among other things..
CDU Price at posting:
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