Post ramp up, I believe so. LGO is still only 4x future earnings near enough to $2b with very similar scale to us.
By that stage we'll be at the point where multiples won't be a factor. It's an income play through and through. I comfortably expect each dollar invested today to be a dollar dividend, fully franked in 5 years time. Who cares how many bags you have when you don't want to sell?
TMT Price at posting:
59.0¢ Sentiment: Buy Disclosure: Held