Thanks Don93,If working on a trailing 12 month PE, it looks...

Thanks Don93,

If working on a trailing 12 month PE, it looks horrendous, given they are only starting to recover from the past 2 or so years. Yes there are many examples of stocks with extreme PE's, Tesla immediately comes to mind, with current trailing PE of 290, typical of a tech coy.

So I guess we need to use Forward PE calculation as a guide, right or wrong. If NPAT comes in at $500 mill and SOI of 2.69 bill, at Friday's closing price of $2.09, we arrive at earnings of 16.89 cents per share, thus forward PE of 12.37. I understand the average PE for miners is about 8, however some aspects of producing SC6 is high tech (specialty chemical) and maybe PE's should sit higher than the general commodity coy's. Furthermore and given the trajectory of the demand profile over the decade, incentive pricing is required, thus they need to able to run hot until supply catches up with demand, and the sector matures

Same, I'm not sure if PE is the right measure for a company with multiple growth initiatives, and part of one of the hotest and evolving thematics globally. I say give them the space to breath and run for reasons stated. On that note, multiples of EBITA, say 20, just kidding,14 to 15 maybe apt.