The Shaw research report dated today is on the company's website already
This is lifted from it....
When we compare Peninsula with Boss Energy (BOE, Hold, PT $4.75), there are many
similarities and yet Peninsula has an enterprise valuation around 1/8
th that of Boss
(US$125m v US$945m). Both companies have in-situ leach uranium operations in first
world jurisdictions, both will produce around 2Mlb/yr, both will be in production within
a year, and both have a similar sized resource with substantial exploration upside. The
main difference is that Boss is already in production and is lower cost (Boss AISC of
US$26/lb). Boss deserves to trade at a premium, but in our view the valuation gap is too
wide. We also note that Boss recently acquired a 30% stake in the Alta Mesa ISR uranium
project in the US for US$60m – this implies a resource multiple of US$10/lb compared to
the similar Peninsula at US$2.3/lb.
- Forums
- ASX - By Stock
- PEN
- PEN SP
PEN SP, page-77
Add PEN (ASX) to my watchlist
|
|||||
Last
8.1¢ |
Change
-0.002(2.41%) |
Mkt cap ! $258.1M |
Open | High | Low | Value | Volume |
8.4¢ | 8.4¢ | 8.0¢ | $1.245M | 15.27M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 355871 | 8.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
8.2¢ | 80192 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 355871 | 0.081 |
25 | 2665934 | 0.080 |
8 | 567475 | 0.079 |
6 | 582300 | 0.078 |
3 | 1412999 | 0.077 |
Price($) | Vol. | No. |
---|---|---|
0.083 | 374288 | 4 |
0.084 | 1769 | 1 |
0.085 | 38201 | 2 |
0.086 | 90000 | 1 |
0.087 | 82721 | 3 |
Last trade - 16.10pm 23/08/2024 (20 minute delay) ? |
PEN (ASX) Chart |
The Watchlist
SER
STRATEGIC ENERGY RESOURCES LIMITED
David DeTata, Managing Director
David DeTata
Managing Director
SPONSORED BY The Market Online