What is worrying me is the construction dollars spend rate required to get the project into production by the end of this year.
Assumptions:
1. Initial project capital requirement $68M
2. Capital spend so far $9M (Blackrock notes drawdown)
Remaining capital spend required $59M.
Remaining time to allow production this year (by 1st Dec) is 6 months.
Spend rate average is nigh on $10M per month every month (most projects run a bell curve of dollars spend). For the size of the project and the number of work faces available I would expect PEN will be struggling to spend this quantity of construction dollars every month, unless a considerable amount of the piping and electrics are plug and play (assembled in factory and shipped to site as modules).
I would be very interested to see an abbreviated construction programme from PEN showing what Gus keeps advertising that PEN is on track for production in 2014.
I remain to be convinced. DYOR.
- Forums
- ASX - By Stock
- PEN
- construction
construction
-
- There are more pages in this discussion • 60 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add PEN (ASX) to my watchlist
|
|||||
Last
10.5¢ |
Change
0.005(5.00%) |
Mkt cap ! $334.3M |
Open | High | Low | Value | Volume |
10.5¢ | 10.5¢ | 10.0¢ | $1.047M | 10.19M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
70 | 9842754 | 10.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
10.5¢ | 4002799 | 32 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
62 | 9477654 | 0.100 |
5 | 518876 | 0.099 |
11 | 432920 | 0.098 |
10 | 969089 | 0.097 |
10 | 2485372 | 0.096 |
Price($) | Vol. | No. |
---|---|---|
0.105 | 3426021 | 27 |
0.110 | 1808729 | 19 |
0.115 | 3860126 | 24 |
0.120 | 7562667 | 62 |
0.125 | 2184440 | 23 |
Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
Featured News
PEN (ASX) Chart |
The Watchlist
LU7
LITHIUM UNIVERSE LIMITED
Alex Hanly, CEO
Alex Hanly
CEO
SPONSORED BY The Market Online