mmm,
I'm glad you brought up the dollar value (80 million) that Pen would have had to have spent so far to get to where they are. The market Imo is not giving this the recognition it deserves.
You only have to look at the current burn rate a quarter in drilling costs to realise just how much they have saved in not only cash but the time involved in drilling up that many holes. We are talking years and years of drilling.
NK
low operating costs, page-11
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Last
11.5¢ |
Change
0.005(4.55%) |
Mkt cap ! $366.3M | |||
| Open | High | Low | Value | Volume |
| 11.0¢ | 11.5¢ | 10.5¢ | $2.185M | 19.39M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 13 | 1892350 | 11.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 11.5¢ | 3719 | 1 |
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| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| PEN (ASX) Chart |