Hi Moorookamick, thanks for you very informative posts. I'm a bit of a newcomer here but I'm wondering why you've assumed a P/E of 10? Is that a historical average for gold miners? Or have you just used it for simplicity as a conservative estimate? I've had a look at current P/Es for gold miners and they seem to be all over the shop though many have considerably higher ratios than ten.
Thanks
Great Expectations, page-10
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