Nordic61, I understand the contract prices exceed the spot price by a substantial margin. If so, it makes PEN even sicker than the comparison with the spot price. Obviously some mines have lower mining costs than others. I think PEN would make handsome profits if it was selling today. I just can’t accept that a properly run company with huge deposits, a sky rocketing ore price and expected to produce within 12 months can have a languishing share price. PEN is sick and the institutions seem to ignore it and I don’t know why.
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Last
62.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $98.97M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
| PEN (ASX) Chart |
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