It's kind of silly to compare P/E ratios of companies in a)...

It's kind of silly to compare P/E ratios of companies in a) different industries and b) different stages in their business lives.
BHP is a mature company, where most of it's future projects are factored in and it has a stable growth rate. LNC is a speccie, with volatile, uncertain future growth prospects and even more risk. I think the PV of the adani royalty, and the supposed sale of theresa dictates that LNC is underpriced as it is, and that isn't even factoring in growth potential from ucg/gtl and it's other objectives.
HOWEVER

The market has punished this one because management has been so tight lipped on everything... in fact, no body knows what the hell is going on. Because of that, I wouldn't be buying this stock at $1 if I wasn't already in ownership.
The bottom seems to be endless, and the longer management waits to pull their head out, the lower this stock will dip.

I'm thinking 80c in the next three weeks.