With a current forecast price of US$70
If this actually occurs when PEN reaches production then PEN will be re-rated significantly.
Based on the study this will leave PEN US48 p/lb after ALL costs. I am not just talking Opex, I am talking Capex, royalties, tax and forecast finance costs.
At 1.5Mlbs per/ann for Ross and Barber alone this equates to around US78,000,000 net being approx 7.8c per share at EPS of 1:1.
Now look at PEN with the potential of Karoo and expansion of Lance. Potential of well over 220M/lbs.
Re-rating imminent...IMHO of course ;)
With a current forecast price of US$70If this actually occurs...
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Last
11.5¢ |
Change
-0.005(4.17%) |
Mkt cap ! $320.1M | |||
| Open | High | Low | Value | Volume |
| 11.5¢ | 12.0¢ | 11.0¢ | $607.2K | 5.296M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 39 | 5018993 | 11.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 12.0¢ | 7690765 | 83 |
View Market Depth
| Last trade - 16.10pm 03/06/2024 (20 minute delay) ? |
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Last
11.5¢ |
Change
-0.005 ( 0.00 %) |
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| Open | High | Low | Volume | ||
| 11.5¢ | 11.8¢ | 11.3¢ | 3579792 | ||
| Last updated 15.59pm 03/06/2024 ? | |||||
| PEN (ASX) Chart |