Ann: Talisman Receives First Wonmunna Royalty Payment, page-70

Hi @setfire2thehive. I think I've seen you mention before that using a PE ratio to valuate a company already in production/producing cashflow is more appropriate as opposed to NPV as a valuation, although I can't seem to find it but Scarpa in #: 48713821 have mentioned something along the same lines. Could you kindly explain, if you do think so, why using a PE ratio is better than NPV in terms of estimating the value of the projected 9M AUD we'll be receiving as royalties/just in producing companies generally? In live wire market, a portfolio manager used an NPV valuation for TLM's royalty https://www.livewiremarkets.com/wires/strike-while-the-iron-ore-is-even-hotter.