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 ;)
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Last
10.3¢ |
Change
-0.008(6.82%) |
Mkt cap ! $326.6M |
Open | High | Low | Value | Volume |
10.5¢ | 10.8¢ | 10.0¢ | $685.4K | 6.600M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
141 | 19055747 | 10.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
10.5¢ | 2934133 | 40 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
141 | 19055747 | 0.100 |
8 | 915766 | 0.099 |
10 | 572606 | 0.098 |
8 | 824309 | 0.097 |
6 | 2105206 | 0.096 |
Price($) | Vol. | No. |
---|---|---|
0.105 | 2934133 | 40 |
0.110 | 6205781 | 33 |
0.115 | 4829388 | 41 |
0.120 | 7837639 | 62 |
0.125 | 2857107 | 21 |
Last trade - 14.46pm 22/07/2024 (20 minute delay) ? |
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