re: marchelo/mack et al Straight
Probably better to look at operational cash flow...after tax.
Divide this by the minelife. then divide the market cap by this and this will give you the rough PE.
For example, given op cash flow is about 60 million, divide by 6 years gives you about 10mill per year
Market cap is 25 mill
so approx PE around 2.5
If you ahve a full service broker...probably worth ringing them to see if they;ve had a look at it...they may even have some modules to input it.
I'll eventually be drawing up a little calc, like i did with IGO, do determine my own estiamtes for JML...will post it when ready.
Cdchi1
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