Not saying that P/E of 10 isn't achievable. Maybe at the end of the year if all boxes ticked and IOP > 85 USD it could happen.
Even big ASX50 firms like QAN have P/Es of only 7 or 8 while stable earners like SYD have P/Es of something like 40... (40!!!). All due to the perceived risk. AGO will always be exposed to sentiment about the IO price, no matter how rational or how accurate the sentiment ends up being and investors have long memories about massive restructures.
JMHO DYOR.
AGO Price at posting:
3.8¢ Sentiment: Buy Disclosure: Held
