re: Ann: Company Presentation - Mines and Mon... Few HIGHLIGHTS...

re: Ann: Company Presentation - Mines and Mon...
Few HIGHLIGHTS from today's ann.


From page 6 of today's ann:
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Peninsula trading at 60-90% discount (EV / lb basis) to North American listed peers
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Karoo resource excluded from Peninsula EV / lb as market is not giving Peninsula any credit for this asset
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EXCLUDING Karoo PEN is trading at 60-90% discount (EV/lb).
So it is not worth talking about Karoo in relation to the current SP. No wonder there is coverage from three different brokers with a BUY target of 0.07 that would remove the 60-90% discount.

Another point for people who consistently bring the SPOT price is

From page 23 of Today's ann:
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Planned sales structure
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40-50% to a strategic partner + investment
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30-40% to 3-4 utilities on long-term contracts
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10-20% to the spot market
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For people debating or thinking or whatever about the long term sale contract:

From Page 23 of Today's ann:
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First sale contract entered into in February 2011
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USA utility
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WAP $75.60 per lb
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6 year contract – first delivery H2 2015
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