Interesting discussions re PE's. Technology stocks can be...

Interesting discussions re PE's. Technology stocks can be anything like Wisetech at around 90, some others not even making a profit with huge sp's (amazon until recently). However mining stocks are very tangible. Even these can vary depending on outlook, market demand etc. I would think a PE of between 10 and 30 would be quite reasonable (looking at RIO and BHP) given the nature of the product and the world demand. Thing is, the bulk of V's profit will come from Muchea re glass making especially for solar panels. Given the world is going nuts about renewables (solar), I would think that V's profit margin would be high. In fact, compared to fossil fuel mining at the moment, I would think that silica sand mining would have everyone's approval - shouldn't be any objections from environmentalists because of the end product.
Arrowsmith will still make a profit but not as large as Muchea. Bruce won't mine arrowsmith at a break even or loss. That would be a waste of valuable capital.

We really need the feaso studies and also a glass manufacturer committing to build on-site. That would be absolutely brilliant and would result in an uplift in SP I reckon.

apologies for the rambling.