Not sure you can really apply a PE to a one of deal, however there were some items you left off Income / Value of the mine (10m resale value guessed) Value of the remaining property (2.5m) Possible valuation of the Recycling centre (1.5m) + about 3m cash - 0m debt(Assuming it's all cleared) = 17m of BV $1.40 per share The company will have to start showing repeatable and growing earnings to earn a PE as high as 12 (IMO but hey i hope ur right)