pen surging , page-30

Shadders

You stated:
"What do you mean 'where it should have been? We know it's fundamentally worth roughly 20-30c at production which is minimum 12 months away."

Isn't it amazing how posters here get so riled up when someone states that PEN is potentially going to drop to 2 cents (69$ drop) but nearly everyone seems perfectly fine with a prediction that the share price will rise from 6.5cents to potentially 30cents (361% increase)with no detailed calculations to support it.

So Shadders, would appreciate it if you could provide a bit more detail as to why PEN is "fundamentally worth roughly 20-30cents at production" in 12 months bearing in mind that they are only planning to ramp up to 1.5mlbs/ annum when they commence production? That's a market cap of roughly $700m to $1040m fully diluted. PEN's peers in the US which have already commenced production currently have a market cap of less than $200m. Even Hartleys is valuing PEN at 7 to 12 cents.

Managing expectations is probably a good idea or people are going to get disappointed again IMO.