I would have thought that a PE of 5 may be a bit conservative,...

I would have thought that a PE of 5 may be a bit conservative, given that they will be incrementally upgrading to 105,000tpa over the next 3 years.

A PE5 would see the price double within the next 6 months or so, ... which Ill take. Personally I'm slightly more bullish than that.

Would be interesting to hear anyone else's thoughts/experience of P/E's in related sectors/co's.