Banter and General Comments, page-19726

One doesn't need a particularly wild imagination to pencil in some potential numbers....

Here's one scenario (of many):
MC: 200ktpa @ 500/t margin = 100M
SDV: 25ktpa @ 10k/t margin = 250M
JB: 330ktpa @ 500/t margin = 165M
>500M pa

Stick that in your "P/E calculator" and see what it spits out.
Dock the margins by 20% and see what it spits out. etc.

Some will argue, rightly so, that the resources are finite... that is true, so those money trees don't last forever....
BUT, with earnings anywhere near those levels, a whole lot of opportunities open up wrt to expansion/growth/acquisitions, which would significantly counter the effect of "finite" resources and "fixed" NPV etc, as we have seen time and time again with almost all companies that have grown into bigger fish....

(and before the bashers head in, the above is simply one scenario, albeit a possibility imo).

DYOR