RE:The PE metric...Your last sentence is exactly correct. Everyone can have a fdifferent matrix as to how to value a company, but based on what IVN is and will be producing, I have come up with different scenarios in the past as to what that could mean to the share price, but whether or not the shares actually trade there and when will be determined by what the investors/market is williong to pay for the shares ate that time. Since for me, what Ivn could be worth by 2025, will be determined late 2024 based on what I can calculate using than current commodity prices and of course their future growth as well and the unknown icing on the cake could be any NEW discoveries at WF and the NEW feeder zone.
So far, I have been a shareholder for many years and it has done well for me, but the real upward price is yeat to come based on my way of valuing IVN. After all, it is not me but each individual who has to make their own descisions of where they think it can go based on their own way of evaluationg any stock. I have my way, you have yours. My matrix and required cryteria for an investment is my own and that's how I make my investment descisions. I don't and have not strayed from my strict investment requirements and I can proudly say, because it took me many decades to form those requirements, All my own personal picks have done well. That is not to say that I have not failed in my younger day, because I have many times but I never gave up and knew that with each new piece of knowledge I learned what NOT to do. Would have been nice to have the wealth in my 30's or even 40's but hey, one of my first books I read said that the average millionaire failed at least 3 to 5 times before making it and also that their average age of most achieving that status was their age which was over 50. THEY WERE RIGHT.