quick valuation exercise for ayn, page-5

Isplicer,

P/E's are really only a sentiment gauge so they can go as high as the general sentiment goes.

Having said that, I always run a scan over similar companies in similar sectors to determine what the average P/E is for that group. Then you can apply it to your company.

Now thinking back to when we had Coeur listed on the ASX (which is one of the biggest silver miners globally) I think that they had a P/E of 50 or so??

Another thing to consider is that as Silver hot's up I believe that sentiment will turn to it in a massive way therefore pushing P/E's far higher than what would be considered normal.

I would say that a P/E of 8 for AYN at this stage would be ample for AYN until it proves up a larger resource etc.

Just my initial thoughts.