at 20c they have a pe of approx 7.5 - 8. that's about right for a company with their profile. reserves etc. more reserves and longer proven mine life then the pe can get wider. at the moment it's about the norm. as I said if new information (increase in mine life) happens then the price will go up to reflect the new information.
Squeeze the Outstanding 5M+ Shorts in AIS, page-69
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