Ann: Financing Documentation Finalised for LLGP , page-41

re: Ann: Financing Documentation Finalised fo... As i understand it, if a company has a p/e of 10 that means your getting a 10% return on your principle, a p/e of 20= 5% return. In other words, p/e measures the expected return on the investment. So the fact that its a 6.5 year project is irrelevant inasmuch as EVG should be judged DURING that 6.5 year period against its peers in the gold production business.

Obviously once there are no more earnings the whole ratio goes out the window.

Could be i'm totally wrong. I'm happy to be enlightened.