"You cant apply PE ratios to oil fields that only have a 4 year...

"You cant apply PE ratios to oil fields that only have a 4 year life. PE ratios are only useful if the income can be sustained for more that 15 years."

LOL...15 years, where did that come from??

The market will apply a PE to NDO based on it's NPAT (when known), converted to an EPS and multiplied by whatever the mkt sees fit as a sector multiple at the time.
When the NPAT starts to fall, so will the sp...or similarly, both will rise should additional revenue sources be found!

LOL...sustained for MORE than 15 years...where does that leave URA??