LI chemical supply shortfall, page-36

for arguments sake i say PE of 10 assume GXY is a mature producer with no other assets. Purely to show the reality of how cheap this is. Quick numbers show 400m in cash, 400m remaining to be supported by earning. Earnings from Mt Cattalin at around 50m based on last year which was bottom of the cycle stuff. so really PE is actually less than 10 and as you've highlighted when we consider this is really an explorer, we are buying an explore at a P/E of 10! its unheard of..