p/e ratio, page-2

The $870 is cash costs which I would regard as best case. To arrive at the PE you need to add the fixed costs eg corporate overheads, interest payments (if any now) etc. From memory these 'will be' roughly $150poz (need to estimate again.) All up if evertything goes well its OK. although not great. Trouble is that everthing has never gone OK with AXM.