world class asset, page-3

I agree 100% it is a quality asset. but share price do not go up to infinity which means they have a fair price and prices higher or lower than that.
i base my valuation on PE and debt. their PE is a little high, supposedly they need to spend 3 billion on infra (not including anything out of these floods) Return on equity is very low and the dividend is low. personally i thought QRN was a tad expensive on listing.
so Min and Efe what do you think QRN is worth. and if it was trading pre floods in range of $2.65-2.80, it has maintained that range which is sure sign of strenght, the market is saying it is worth alot more, at what price do you think it becomes over valued.

my condolences and prayers to the families of flood victims in Queensland and Brazil