Now I agree with SirCorp 18 to 24 cents in 12 months time are possibility, subject to the permit approval and development goes as plan with the right blend of debt and equity...as you aware the cost of capital using equity as compared to debt is higher, baed on CAPM model.
As the subject matter states, one common theme of discussion that we are having (doh!) is that most of us agree PEN SP is going up, but how high! SirCorp you numbers are achievable, as market sentiment sometimes is based on both ratios and perception (look at TUC...strange things do happen in this crazy stock market). If we can predict every move the market does, we will be at least a millionaire. Unfortunately I am not.
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