Assuming RP prices were $1000/tonne here goes.
3mt times $1000 = 3000m
minus opex $100/tonne = $300m
3000 - 300 = $2700m
2700 - tax 30% = $1890
1890/ shares on offer 111m = $17.03 EPS
PE 1 - 17.03
PE 2 - 34.06
PE 3 - 51.09
PE 4 - 68.12
PE 5 - 85.15 (already at the $80 mark)
PE 10 - 170.03
PE of 16 that would give a share price of $80 on current prices would now give a share price of $272.48 wow.
