RE: RE: RE: Growth 23 yrs from one mine isnt enuf, they will mine the good stuff first and the grades drop over time, they need more high grade at el boleo and a 50 yr mine life (which I think they will get), and they need other producing or near to production projects to spread the risk profile, then maybe a 10-15 PE would be in the cards
I have no problem with a PE of 5 as long as they get the startup problems worked out in the first yr and by yr 2 we start to get a glimpse of the real earnings and cash flow, anything over a PE of 5 is gravy
but I dont think BAJ will be around long enuf for us to know what PE they might have earned, a large miner who already has a high PE can buy BAJ with their paper and everyone is happy, we get paid more than BAJ will ever be worth on its own and the buyer gets even more value cause the BAJ earnings become part of their much higher PE ratio
we just have to make sure no one steals the company before a legitimate buyer shows up