scrap paper valuation, page-25

P/E's aren't based on year of production, never has been.

Many junior to mid sized companies trade on P/E's much higher than 15.

Using your method in calcualting what should be a reasonable P/E why is BHP trading at a current P/E of around 12?

They will still be producing in 100 years so why not 100?

That is why I say that P/E's aren't based on years of production that a company has left.

It really all boils down to the sentiment of that company.