PEN gets a mention in Far East Capital News !, page-2

Originally posted by itelectrical

Focus on Uranium by Warwick Grigor (Far East Capital) with Peninsula Energy getting a mention:

"It is early days yet, but it would be smarter to be long than short on uranium stocks just now."

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Thanks for posting... any exposure for PEN is good!

Uranium certainly getting more attention lately and it wouldn’t surprise me if U producers like PEN get looked at first before developers/explorers. After all, there’s only eight or so producers in the whole world!

Anyway, found this post by John Quakes interesting;





Shows PEN has EV/lb of $1.11.

Quickly compared it to other ASX uranium companies, eg. DYL is $0.49, VMY is $0.21, so PEN looks superior on that metric.

Of course many other factors need to be taken into account, eg, AISC, assets the company has (PEN already has a processing plant), etc

I don’t follow other U companies, but I read over other threads for Uranium news ,and read that VMY need $300M to start mining. PEN already has assets/infrastructure in place!