Spodumene Prices, page-4052

And how exactly am I "wrong"? Neither of us is "wrong". It's all subjective. You're using a sector average that encompasses companies from all over the world which is ridiculous. You could have at least used the sector average from the ASX, but I'm guessing that wouldn't suit your confirm bias as much as a worldwide sector average does.

The fact remains that no resource stock that purely produces a commodity is deserving of a PE of 20. No sane market participant would even think that. No resource stock would ever get funded if it took 20 years to payback. Do you really think those companies you cited actually trade on those eyewateringly high PEs? Look under the hood and I suspect there's other factors that have influenced those PEs such as a writedowns etc. No resource stock trades on those ridiculously high PEs without a good reason. If they did, you're telling me that Royal Gold trades on a higher multiple than Microsoft and Apple. Need I say more?

Anyway, I'm not replying to this topic anymore.. I've said what I have to say and hopefully others can see the point I'm trying to make.