being really really critical, you'll probably find that the...

being really really critical, you'll probably find that the total cash cost when including renewing reserves with exploration, capex costs included into the OPEX, debt servicing management fees etc etc. we come closer to a P/E of 3/4 than 2....

But regardless of the exact number, when you are talking P/E's that low, it comes down to how many bags undervalued this thing is.