We've had this discussion about PE some weeks ago. I've also been thinking about what a realistic PE should be for AGM. If its mine life is say 10 years then I guess a PE of 10 would be its theoritical max. I'd be happy if it trades at around 6 or 7. However, should its resources be upgraded cotinually, then its PE should reflect accordingly and there's a good chance that will happen not long after production.
1.2 billion npv chairman presentation, page-18
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