I’m using a PE ratio of 15 because it seems reasonable to...

I’m using a PE ratio of 15 because it seems reasonable to compare LMG to equivalent junior companies in a high growth phase rather than a mature mining giant like BHP.
And a PE ratio of 15 is probably conservative.
Foe example, Pilbara Minerals (PLS) has a P/E of 21.89 with a market capitalisation of $12B.
PLS current share price is $4.05
On 20/3/2020 it’s share price was a paltry 15 cents!
So it shows how quickly things can change once the cash starts to flow
Im not saying LMG will be the next PLS but it’s a reasonable comparison to make