what P/E ratio you guys working on for CCU ?
I like to work off bear case scenarios.
Currently bear case profit around 12m. 1.2m oz @ 20 cash costs (bear case) and Silver (30).
p/e 10/1 currently (bear case)
If costs are at 13.5 we make 19.8m (MC 122) and P/E = 6/1
Once production moves to 2.5m and costs are known and stable, we will be a nice mover. But lets see if 50 will hold.