The comparison I like is PDN V's BOE
BOE 2.45 Mlb Market cap 1.76 Billion
PDN 4.5 Mlb or 75% of 6 Mlb MC 2.98 Billion.
So multiplying 4.5 million by the going spot price minus $27.4 per pound costs and doing the USD AUD exchange, you get some good coin and a good PE.
I think someone was asking for this graphic the other day. I took a screen shot way back.
