In USA given current low interest rates could PE be a little higher than 10x especially with shortage as forecast. I would suspect that if U price increases PE could rise to up 15. My take is that PE for commodities with high demand would have PE 10 in a significant credit squeeze/recession.
Or is PE in Uranium historically always about 10?
Anyone with more experience in the US market welcome.
In USA given current low interest rates could PE be a little...
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