re: p/e 42 + Lu....Some research might show you that a low p/e...

re: p/e 42 + Lu....Some research might show you that a low p/e ratio is not the be all when investing in a "Growing" company that is proving up a massive resource and readying a huge infrastructure project...If we were to follow your implied logic There is no way we would touch the 2 biggest miners in the country ie Rio and Bhp, with PE's only marginally below MMX...I think 3 years ago FMG's pe was over 90 and the share price stood at about $2....worked its way up to about $5..then in december 07 they did a share split 10 for 1 and shares continued up to $12 (equivalent to $120 pre split) before the GFC....Proved to be a fabulous investment, you just had to look beyond the p/e of 90+!!!
MMX the same proposition...