I'm looking at various gold stocks at the moment and figuring...

I'm looking at various gold stocks at the moment and figuring out what a normal PE ratio is. I'm invested in Capricorn which has a PE of 124 at the moment, but I've also got involved with another, still private, called Tucano Gold which has purchased Beadell's ex Mina Tucano mine in Brazil for a planned restart this year and 150k oz p.a. production target. They have a very low PE ratio of less than 1 right now, but with their infrastructure value of $500 million and upcoming IPO I should expect this to be much higher. I guess, as in CCM's case and other big gold miners, your PE ratio goes up dramatically once you're producing (and public). This is a link to a recent newsletter I received from Tucano where they mention their PE ratio.