PEN 4.55% 11.5¢ peninsula energy limited

Considering the intial target was around 50M/lbs and now we are...

  1. 13,363 Posts.
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    Considering the intial target was around 50M/lbs and now we are nudging 90m/lbs at Lance alone and the development area has expanded hugely. I believe my long held stated belief of 100M/lbs + at Lance is a very real possibility now.

    I do agree the initial focus is on Ross and Barber and they are where the first cashflow will come from (and a lot of it). However by that time the rest will be waiting for the process piping ready for extraction.

    No need to be a finance wizard to work out how much Ross and Barber alone are worth, let alone the huge area yet to be defined.

    No wonder Gus always looks so content.

    Looks like "Horse" has frightened the bears today...
 
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