smokey hill will print dollars for pla, page-7

Here is the article

http://www.mineweb.net/mineweb/view/mineweb/en/page35?oid=53250&sn=Detail

and I disagree with RBC's assessment of a "current high rating" on PLA. If Smokey Hills produces EBIT of $120m (source- boardroom radio last week) and the company is currently worth roughly $450m then a forward p/e of 4 is not high IMO. (btw that allows nothing for Kalplats!)

Of course they are not yet producing but does anyone doubt that they will and soon?