>Who will pay a PE value during year 10 for your shares when...

>Who will pay a PE value during year 10 for your shares when there is one last dividend and then production ceases?

That's a different way to look at it I guess??

Yes brokers do use DCF's and then they apply P/E's to that valuation.

I simply take the after tax and royalty value and apply a P/E to it and I can tell you that it's a very successful way of valuing ANY company as long as you know the average P/E for that sector.

In the case that there was only 2 more years left in mine life I would then only apply a P/E of between 1-2.

Cheers!