You mean in theory, or in practice?
I've removed and reused mine. 10,000 miles strong.
Not a single worry or sign of it being a throw-away item.
Of course, I didn't re-peen mine over, but then I don't think the Yamaha tech who put it on peened it either.
I'm thinking you're more than safe to re-use it.
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2008 WR250X
Gearing: 13t - 48t
Power Commander 5 / PC-V
Airbox Door Removed - Flapper glued - AIS removed
FmF Q4
Bridgestone Battlax BT-003rs