Hope someone can help me out here, check a few figures.Will...

Hope someone can help me out here, check a few figures.

Will Lindi be initially processing 40000 tpa with a profit per ton of $1000. Annual profit of 40 million.
Based on current market capitalization and if we say price goes nowhere until production, does this give us a PE ratio of 4 ? With possible further exploration around Lindi and the possibility of putting more than 40000 through per annum.

I have been in and out of this share over the years and made some coin along the way. Got frustrated waiting for mining licence and cashed in to take on other opportunities.
Please feel free to point out any errors in my numbers. It would be much appreciated.
I'm trying to keep a close eye on this one.