GloGlenroy, your PE's are WAY too conservative. When this bull market comes to an end PE's will be above 25 across the board and some mining stocks will exceed PE's of 100.
So whatever the final price of Au and Ag when this market tops, expect mining stocks to reach absurd extremes.
For that reason if Ag were to reach the price level you sugested then CCU may well trade at over $100 p/s.
Sounds aburd huh......but so did valuations back in the last secular bull market.
Cheers (PS. Those holding gold and silver shares are to become the next super rich)
CCU Price at posting:
47.5¢ Sentiment: Hold Disclosure: Held